07 February 2012

The Politics of Unemployment or How 8.3% Became Less Than 5.6%

Every once in a while there's an interesting gem posted on those social networks and here's one I snagged from a friend. I figured the time is right to post it on the heels of yesterday's "the Presidency doesn't matter" riff.

This article comes from our friends over a Newsbusters and is worth a read by anybody who is curious about how the media could be thrilled over 8.3% unemployment in 2012, but was despondent with 5.6% in 2004. It's all in the spin . . . and dependant on which party is in office at the time.

Writer Noel Shepherd kicks off his article (yeah, click there to read it) with,
If you needed more proof of liberal media bias, just look at the orgasms created by Friday's announcement that unemployment in January dropped to 8.3 percent. By contrast, these same folks were practically suicidal as the jobless rate dropped to 5.6 percent when George W. Bush was President in January 2004.
Shepherd then goes on to to provide several examples of how the Obama's numbers are presented as proof for canonical consideration while Bush's superior stats were signs of the apacolypse. Worth a read, but only if you have a strong stomach. I only made it halfway through before my Pepto run.