Making the Worst of Good News
The economy continues to improve, as unemployment dropped to 8.3% and the number of new jobs created was the highest in almost a year. This is very good news for Obama, as a bad economy would help Republicans defeat him in the elections later this year–a goal they have clearly been shooting for.
So it should come as no surprise who is all alone trying to find the cloud in the silver lining:
Good to see conservatives cheering America on.
Update: They’re still at it this morning (evening in the U.S.):
I can only imagine that the right-wing core watching Fox has the impression that things are worse than before. Not that the news says that we’re free and clear, or that there’s no down side to it, only that it is hardly as negative as Fox is desperately trying to paint it.
While expression of the down side of the unemployment news is warranted–and all other news sites are including it–highlighting it consistently and downplaying the better aspects is, well, Foxlike.
And if we’re pointing out lesser-known facts about the unemployment rate, another point deserves to be made regarding the oft-noted “fact” that the rate is still “above” where it was when Obama took office (it was putatively at 8.2%). This is superficially accurate, but in truth, since the unemployment rate is a lagging indicator, the “real” rate when Obama took office was between 9.5% and 10.1%–meaning that Obama has not only taken us from losing 750,000 jobs a month to gaining 250,000, a net gain of 1 million jobs per month, but has also lowered the unemployment rate, whatever its accuracy, by between 1.2% and 1.8%. They won’t mention that on Fox, though.