Sunday, June 8, 2008

Having it both ways

The LAT and others have been arguing that we're in recession even if the statistics don't show it, at one point even suggesting we might be in a depression like the great one in the Thirties. They've been saying that the unemployment rate, which has been under 5 percent, doesn't reflect the bleak employment picture. Finally, on Friday they got what they wanted -- a half-point jump to 5.5 percent. Now the unemployment rate is important to them because it proves their point: the economy is in trouble and only a Democrat president and Congress can revive it.

The selective use of statistics to prove whatever you want to prove is fraudulent and the people who do it are frauds.

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