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Alternate Info on Economic Conditions

Our government, headed by a Shrub, continues to tell us not to worry, everything is fine, just KEEP SHOPPING whatever you do. Our mass media, owned by various large corporations who benefit from continuation of Shrub policy, would rather tell us about some movie star's sex life or drug habit. But in spite of the attempts to keep us in the dark, we are learning. The alarm went out a couple weeks ago that the unemployment rate has increased more than the estimates, and economists are also saying that we still haven't reached the "bottom" of the housing market. Here's an interesting site that suggests what they think is a more realistic statistical assessment of our situation. You can say anything you want with numbers, but I have less reason to mistrust this site than the Shrubbery.

http://www.shadowstats.com/alternate_data

Comments

( 2 comments — Leave a comment )
hausfrauatu
Apr. 18th, 2008 08:33 pm (UTC)
I just read "The Coming Generational Storm" by Kotlikoff and Burns. We're robbing the young to care for the old. We're fucked.

I felt much better about being a stay at home parent. Working moms make nothing in the long term due to taxes and added expenses (unless they make an income of 80K+). Yay lazy!
liveonearth
Apr. 18th, 2008 08:36 pm (UTC)
Thank goodness being alive and happy does not necessarily entail being a consumer! The less you spend the less you must work.
( 2 comments — Leave a comment )

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