Friday, April 4, 2014

And The Number Is: 192,000; Cognitive Dissonance

Exactly what ADP expected. Tepid.

Politico: "jobs numbers improve." -- that was the headline in the google search, but I sure didn't see it at the article itself:
The economy added 192,000 jobs in March and the unemployment rate remained at 6.7 percent, the Labor Department reported on Friday.
The report slightly missed expectations, with most analysts predicting an addition of around 206,000 jobs last month, according to a Bloomberg survey.

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Cognitive Dissonance Run Amok
Sent To Me By A Reader
A google search would probably give one the source of these six "thoughts":
1. America is capitalist and greedy - yet half of the population is subsidized.
2. Half of the population is subsidized - yet they think they are victims.
3. They think they are victims - yet their representatives run the government.
4. Their representatives run the government - yet the poor keep getting poorer.
5. The poor keep getting poorer - yet they have things that people in other countries only dream about.
6. They have things that people in other countries only dream about - yet they want America to be more like those other countries.
This is an over-simplification and should not be taken out of context. They would be some interesting points from which to begin a discussion. Smile. 

The one that bothers me the most, and may be most accurate is #4. This country has so much potential it just amazes me that the gap between the "haves" and the "have-nots" seems to be widening. I can't back that up with statistics. I may be wrong. Perhaps the gap that is widening the most is the gap between the top 0.1 percent and the top 1 percent as noted by others as recently as last month.

Perhaps it is the gap between the middle-middle class and the upper-poor that is narrowing. And not in a good way.

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