In light of the remarkable string of bad news that has emanated from the American economic system for the past three years, one wonders who on earth found the sudden increase in unemployment “unexpected”. When every major economic indicator has been heading down for over two years and the financial markets are in the middle of a complete metldown, why on earth would it be surprising that companies are shedding jobs because they have less business to conduct?
We know that the economy has been shrinking because the “growth” of the last four years was nothing but a house of cards built on subprime mortgages. Unfortunately, American journalism is far too incompetent to keep up with what’s going on.
Liberal media, my ass!