Good news: Media finally acknowledging “depression” in U.S.; Bad news: only foreign media is reporting it

Let us be honest. The US is still trapped in depression a full 18 months into zero interest rates, quantitative easing (QE), and fiscal stimulus that has pushed the budget deficit above 10pc of GDP.

The share of the US working-age population with jobs in June actually fell from 58.7% to 58.5%. This is the real stress indicator. The ratio was 63% three years ago. Eight million jobs have been lost.

The average time needed to find a job has risen to a record 35.2 weeks. Nothing like this has been seen before in the post-war era. Jeff Weninger, of Harris Private Bank, said this compares with a peak of 21.2 weeks in the Volcker recession of the early 1980s.

Where are our MSM sources in reporting this inconvenient truth? Nope…no liberal media bias!

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July 6, 2010 - Posted by crushliberalism | economic ignorance, Euros, media bias

2 Comments »

Where are our MSM sources in reporting this inconvenient truth?

Same place they’ve been for the last 18 months…seeing the world through the Marxist’s glass belly button.

Comment by Kanaka Girl | July 6, 2010
Our media has sold us out. It’s sad when foreign news is more honest than News from our own country. As far as I’m concerned MSM and other Obama adoration Networks aren’t real News Networks.

Comment by SojournerLove | July 9, 2010

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