Monday, October 26, 2009

Here's Your Sign

Clutching at straws, one of the government's propaganda outlets declared today that there is "another" sign of economic recovery. CNN announced that U.S. companies are planning to hire and invest more in the near future. It was reporting on a survey of 78 members of the National Association for Business Economics that said the number of employers planning to hire workers over the next six months exceeded the number expecting job cuts for the first time since the recession began in December 2007.

Hiring does not equal economic recovery. What kind of jobs are we talking about? Will we be making microchips or potato chips? Are the jobs part time or seasonal? The devil is in the details, but you won't get details from the administration's news agencies.

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