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Monday, November 05, 2012
MEDIA CELEBRATE INCREASED UNEMPLOYMENT, LOWER WAGES
In January of 2009, when President Obama took office, the unemployment rate was 7.8%. Four years and around $5 trillion dollars in debt later, it's 7.9%. When Obama took office the long-term unemployment (U-6) rate was 14.2%. Today, it's 14.6%.
Obama promised us 5.2%.
And, still, the media celebrates the jobs numbers. If you weren't watching the cable nets, consider yourself lucky. It was nauseating. CNN's Erin Burnett and Soledad O'Brien were practically jumping out of their chairs. Need I even describe MSNBC? Keep in mind that the media collective isn't thrilled because these numbers are good news for millions of everyday Americans who are suffering. The media's celebrating because they think these numbers mean well for one person's job -- Obama's.
In the hours since, we've seen the exact same spin from almost every media outlet, analyst, and host.