Sunday, April 06, 2008
The unemployment rate in historical perspective
It's not that today's unemployment rate of 5.1% is inherently bad, or inevitably leads to the defeat of the incumbant. History suggests otherwise. How we feel about unemployment appears to depend on the metaphors the press uses to describe it more than anything else.
CWCID: Glenn Reynolds.
2 Comments:
By 
joated, at
Sun Apr 06, 04:28:00 PM:
It's remarkably strange that the doom-and-gloom MSM reports on numbers that are virtually identical appear only when there is a Republican in the White House or a national agenda to push (read "change" and "hope).
By 
, at
Sun Apr 06, 05:29:00 PM:
Our economic future is portrayed as an inevitable disaster through the fear-mongering tactics of the MSM - the leading elements who are attempting to ensure that this prophecy becomes self-fulfilling. When will people realize that panicing/enciting panic (unjustly, in many cases)DOESN'T HELP THE SITUATION.
Of course, if we only modeled ourselves after the prestigious nations of Europe...oh wait, France has an unemployment rate that is double ours, and Germany is triple.
