Economists Foiled Again

Jobless claims surged "unexpectedly" while the producer price index rose more than economists had anticipated. Our experts are baffled again. Maybe we need to find some new authority who is not wrong more often than right and whose success is not tied to that of the Obama administration. If unemployment in the United States was not being tabulated to further a particular agenda and was calculated to objective standards, the true jobless rate would not be hovering at just over eight percent but probably double that and if underemployment was factored in would certainly be over twenty percent. Add in those whose jobless benefits are exhausted and those "discouraged" job seekers who have lost hope and given up looking and you will see America is not in the midst of a great recovery but trapped in an economic catastrophe that will be worsened irreparably if Obama's recent job-killing budget prescription is followed. If Democrats are heeded now and have their way, America (at least as we have known and loved her) can not be salvaged.