Stories like this are crocks of shit.
I say big deal that our economy increased a bit. The jobless rate still climbs higher.
The money that’s supposed to be creating jobs and spurring on the economy is merely lining fewer pockets now. Things may be looking up for them, but for the nearly 3 million unemployed (and uncounted underemployed), that 0.1% increase in GDP doesn’t really mean shit.
Tomorrow the BC Liberals will announce a multi-billion dollar deficit with cuts to schools, hospitals, arts, students and libraries. I’d say Campbell’s hoping for a senate appointment when he retires, but for some reason the man wants to face another election in BC.
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Bard might it screaming the recession is over but he can’t tell us the number of jobs created through those “shovel ready” projects or anything – that silence is deafening.
Stories as mentioned may be “crock(s) of shit”, but if they can stimulate confidence in the general public, they’re worth it.
If people are unemployed it doesn’t matter to them if they have confidence in the economy or not. They’re still unemployed. “Confidence” in the economy is another useless phrase to those without jobs.
IIRC, predictions from smart economists (Krugman, Stiglitz, et al) were that when the recession ended, it would be a jobless recovery. And, lo and behold, it is.
Be nice if, just once, people who work for a living managed to do just a little bit better, but I don’t hold out much hope.