A bad unemployment report comes out confirming that the good times of the 80s, 90s and 00s are not coming back anytime soon, probably not in my lifetime (hat tip to Karl Denninger for providing some empirical perspective):
That's 8 million (6% of 140 million) people so far who can't get any kind of work compared to 90s. The standard of living in the USA is going down and not coming back resulting in tens of millions:
- Of baby boomers "retiring" without the resources to maintain decent housing or health care.
- Young people not being able to find jobs (even with both parents working) that can support the lifestyle they grew up in.
And all the journalists can come up with is "Political Ammo for Both Sides"? What's going on here?
- Are they intentionally trying to distract us? That's probably what's going on with the big-media "owners" who won't let anything that might seriously disrupt their control over the status quo get in the news.
- Do they think we are so dumb that the only thing that interests in the news is the presidential Superbowl? That's probably what the top editors editors are telling themselves as a justification for keeping the news on an "approved" track.
- Do they care so much about Obama getting re-elected as a way of giving their life meaning ("I entered Journalism to save the world") that they have completely lost perspective or a love of the truth. That's probably what most of the individual writers think they are doing.
This kind of headline is one more data point illustrating that if you want to know what's really going on you are going to have to dig deep than the mainstream news.