Forget Green Shoots: They’re Just Weeds | The New Ledger

Well, yeah... but if they told us a good economy was bad and now they are starting the "bad economy is actually good" now crap. And for people who are only interested in the new Borat movie or who got kicked off the island, whatever the box says must be true. They probably believe that the World Wrestling Federation is really, well, you know, wrestling.

Forget Green Shoots: They’re Just Weeds | The New Ledger:
"But consumer demand shows no signs of coming back (although the gorgeous June-sales number from Ford Motor that just came out are a positive sign). When you have a huge collapse in economic output, as we have, then all your future measurements are coming off the much lower base. That’s why everyone from President Obama on down can credibly say that the recession will end this year. Sooner or later the economy will stop shrinking, and when it does, by definition it will be growing again.

Yet everyone needs to understand that just because it will be growing, that doesn’t mean new jobs will be created. And ordinary voters have shown many times that they consider the unemployment picture to be the only economic indicator they care about.

President Obama may soon be in the position of saying that he fixed the economy, while the people will be screaming at him that he’s an out-of-touch elitist who doesn’t see that they still can’t find a job. Strictly as a matter of Schadenfreude, that will be fun to see."