Back when I was was trying, and mostly failing, to be funny, I had a gimmick based on the Democrats tendency to bring out old, failed policies with shiny new names. I referred to it is as, “calling it something else.” Apparently, Reuters is engaging in some gimmick infringement, as it’s latest economic news isn’t “unexpected.” Instead, it is “above expectations.”
You see, that changes everything, as they have called it something else.
Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 418,000, the Labor Department said.
Economists polled by Reuters had forecast claims rising to 410,000. The prior week’s figure was revised up to 408,000 from the previously reported 405,000.
It’s the 15th straight week with more than 400,000 new unemployment claims.
If you are reading this blog for the first time, I’d invite you to poke around and see that we’ve been calling for this type of thing since just about day one, when I skewered the Porkulus. The fact is this, I’m no economist, nor are any of the contributors here. A few are probably sprinkled throughout the Conservative Blogosphere, but all the rest of us need is to know some history, and have just a small amount of insight into human behavior. History shows us that more regulations lead to less economic activity, and that it’s human nature to do less of something if you are punished for doing it. Our current administration is doing both of those things, so the consequences laid out here are not at all “unexpected,” or “above expectations.”
How does a bunch of slope browed, cro magnons from flyover country get it right when our would-be regressive elites are surprised? And why does this happen month after month, year after year?
Kinda makes you think, doesn’t it?