Government Lies About Jobless Claims, Stock Market Falls For It.

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Treasury Prices Skid on Jobless Claims

In the latest weekly lies about the unemployment rate, the government again cooked the books to prove that all the temporary jobs that were created to deal with the Christmas selling season (and will disappear soon afterwards) is proof that the economy is improving.

Of course, the government uses the typical weasel words, "a sign that the labor market may have turned a corner". Really? You mean that after spending almost a trillion dollars 6 months ago to save the economy, they aren't sure if the economy is finally improving?

I wonder what kind of plan the government used to save the economy? The government was certainly quick to explain that if they didn't spend billions without oversight that the economy would crumble overnight. If they were so knowledgeable about the coming collapse, I am wondering why they have no idea of what the recovery will look like and when it will happen?