Dead End Kids

The unemployment rate for young Americans has exploded to 52.2 percent — a post-World War II high, according to the Labor Dept. — meaning millions of Americans are staring at the likelihood that their lifetime earning potential will be diminished and, combined with the predicted slow economic recovery, their transition into productive members of society could be put on hold for an extended period of time.

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During previous recessions, in the early ’80s, early ’90s and after Sept. 11, 2001, unemployment among 16-to-24 year olds never went above 50 percent. Except after 9/11, jobs growth followed within two years.

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Why not make the minimum wage $200 and hour, living wage and all that Liberal crap.

Allways Wait For The Revisions

Lets set our reference point … The recession began in Q3 2008. Since the fringe media always seem to try and tell you it started in December of 2007, which is a fabrication.

So did the unemployment rate go up, or did it go down? Hah, you decide.

The Labor Department said Thursday that initial claims for unemployment insurance dropped to a seasonally adjusted 530,000 from an upwardly revised 551,000 the previous week. Wall Street economists expected claims to rise by 5,000 — OK, is that over the original estimate, or is it compared to the revised higher numbers?

But, but, but, last week, the new lower numbers were supposed to be the turning point — Didn’t Bernanke say the worst was over. Which, better than the new higher numbers, which have been improved, because the new lower number, is lower than the revised upwards higher number. Got that? No, nor do I.

I wonder what next week’s revisions will bring? When will we just demand truth, not revisions of it.