Thursday, November 15, 2012

All Spin All the Time

Tyler Durden makes fun of the propagandists trying to pin the horrible unemployment numbers on hurricane Sandy:
Basically, just as we said 3 weeks ago, ignore every negative data point: it is Sandy's fault. However, for the snapback, when there actually is good news to be had, well, "four more years." Finally, to all the Sandy apologists: is the logic here that: if Hurricane, then Fire everyone? Because that is what is implied. To summarize: a hurricane is good for GDP (lots of broken windows), but any actually negative news (surge in firings) is perfectly expected.
Sure.  Everyone fires people because of a hurricane.  First thing that comes to mind.

The whole thing is worth a read.
Bottom line: guesswork, no actual data reporting, and hurricane excuses. Spin, Spin, and more post-election Spin.

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