John Ransom has an acerbic sense of humor and I thought you’d enjoy some tidbits from his rant on
The number of U.S. states reporting initial unemployment claims has dropped to a new low under Obama- and more importantly journalists have dropped to a new low as a result…
Only 49 of 50 states reported initial unemployment claims last week according to Labor Department economists. This has led to a predictable, yet wholly pathetic attempt by the media to say that unemployment claims have fallen to a new, four-year low even as it is suspected that the most populous state, California, didn’t report results.
The Washington Post accepted the initial report as fact, and delighted in the prospect that the economy was improving, just in time to improve Obama’s chances:
The number of Americans seeking unemployment aid plummeted last week to seasonally adjusted 339,000, the lowest level in more than four years. The sharp drop, if sustained, could signal a stronger job market. The Labor Department said Thursday that weekly applications fell by 30,000 to the fewest since February 2008.
From USA Today: Claims for unemployment benefits plunge 30,000
From the Los Angeles Times: New jobless claims plunge to 4 1/2 year low
This is just too much for Ransom:
This marks the first time that the Obama administration has claimed there are only 49 states. Previously Obama has claimed the number of states to be 57. The press responded to the miscue by explaining “Our microchip implant confirms that Obama is technically correct. The Fact-o-Meter points to Completely, 100 Percent True.”
But he knows what the president should do: he should appoint a committee to look into the matter:
He should appoint a bipartisan panel of green energy experts to immediately investigate just exactly how many states there are in the union- and which ones he’ll be awarded by the Electoral College. Then he should sell off the disloyal states to some place that values free markets, like Canada or Sweden.
Ransom then comes clean:
I don’t know about whether the jobs numbers were cooked or not, but they are causing economists to scratch their heads, even if journalists are willing to swallow the numbers whole.
And judging by the distorted numbers they are willing to accept on initial jobless claims- even though they know the numbers are wrong- it looks like lots of [journos] will be making a new low under Obama.