unexpected

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    Re: What Obama doesn’t get about economics

    When I read the title of George’s post, I thought he was just going to post a graphic, like this: Which would have sufficed but would not have achieved the worthy service of passing along Sheldon Richman’s column today. As to the title topic, the Hill…
    Jon Sanders, July 25, 2013
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    Media economists predictably blindsided

    Nothing new in this report, of course. It’d be almost funny, if people’s lives weren’t affected by this continued folly: U.S. economic growth was more tepid than previously estimated in the first quarter, held back by a moderate pace of consumer spending, weak business investment and declining exports.
    Jon Sanders, June 26, 2013
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    You’d think Obamanomics would hit one of its rosy less pessimistic projections just once, but no

    In this present crisis, government is not the solution to our problem. Government is the problem. — President Ronald Reagan We’ve had five years of believing that the American people are too blind and stupid to dig themselves out of a recession, so the federal government under the leadership of…
    Jon Sanders, April 5, 2013
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    Nnnnobody expected … the rest of the data?

    Recall last week breathless media accounts of the October Miracle, when jobless claims — California not reporting — suddenly “fell” to January 2009 levels andjustatthe11thhourohohObamanomicsisfinallyworking! I predicted a Linus-in-the-pumpkin-patch embarrassment to come soon and, well, here: “Jobless Claims Unexpectedly Rise to 388,000.” “Unexpectedly.” There’s that word…
    Jon Sanders, October 18, 2012
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    Jobless claims suddenly look great, once you discount California

    This news comes on the heels of the controversial unemployment miracle report of last week. Gee, it’s almost as if giving the impression (and the headlines to follow; see, e.g., WRAL’s “US jobless claims fall to 339K, fewest in 4½ years“) of an Amazing, Eleventh-Hour Keynesian Miracle is…
    Jon Sanders, October 11, 2012
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    Media economists flabbergasted again

    Bloomberg is reporting today that “More Americans Than Forecast Filed Jobless Claims.” As expected, the bad news was unexpected: More Americans than forecast filed applications for unemployment benefits last week, adding to concern the labor market is slackening. Jobless claims decreased by 3,000 in the week ended…
    Jon Sanders, September 20, 2012
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    Headline: ‘Economy Adds Fewer Jobs Than Expected’

    Story per The Wall Street Journal: U.S. payrolls increased by a seasonally adjusted 96,000 jobs last month, the Labor Department said Friday. The politically important unemployment rate, obtained by a separate survey of U.S. households, fell to 8.1% from 8.3%, mainly because of more people dropping out of…
    Jon Sanders, September 7, 2012
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    To media economic experts, every bit of news is as unexpected as the Spanish Inquisition

    America’s plunge into a Dark Ages of economic superstition happened at the end of the Bush administration, was  impelled by the incessant chanting of media shamans, and capped with a high priest of Keynesianism so devout he openly wondered why destroying one industry to promote…
    Jon Sanders, March 14, 2012