WTF? Fox: "New positive jobs numbers may encourage Wall Street"

Bush_Eats_Beef

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Fri Jun-03-05 11:56 AM
Original message

WTF? Fox: "New positive jobs numbers may encourage Wall Street"

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truebrit71

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Fri Jun-03-05 11:57 AM
Response to Original message

1. What else would you expect from Pravda?

The truth???
:rofl:

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jrthin

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Fri Jun-03-05 12:24 PM
Response to Reply #1

13. You basically summed up

my sentiment.

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JRob

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Fri Jun-03-05 01:08 PM
Response to Reply #1

17. "Pravda" actually translates to "truth" ironically...

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kodi

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Fri Jun-03-05 03:27 PM
Response to Reply #1

22. comrades, wheat production had increased from 500M to 300M bushels!

long live the Revilution!

yes, R-e-v-i-l-u-t-i-o-n.

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Purrfessor

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Fri Jun-03-05 05:51 PM
Response to Reply #1

25. In one sense FOX is correct..........

You're reading it as if the word positive refers to something good. But FOX uses positive to refer to 78,000 as a positive number, which it is. One is a positive number. Of course, as you know, anything less than zero is a negative number.

So FOX is simply using the word positive in one context while knowing that most people will think of it in an entirely different context.

This way they can make Bush sound good without technically lying.

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tk2kewl

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Fri Jun-03-05 11:57 AM
Response to Original message

2. The wet drought may help crops.

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Don Claybrook

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Fri Jun-03-05 11:58 AM
Response to Original message

3. I heard the same spin on NPR

It's really a good thing that we only added 78,000 jobs (while losing many more), because then there will be no need to raise interest rates further.

Tell it to someone out of work, NPR and Fox.

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paula777

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Fri Jun-03-05 12:06 PM
Response to Reply #3

10. I've noticed NPR spinning stuff lately too ... WTF is up with that?

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JRob

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Fri Jun-03-05 01:10 PM
Response to Reply #10

18. the "news has been cancelled"

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markus

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Fri Jun-03-05 11:59 AM
Response to Original message

4. Why, because Productivy = Shareholder Value!

These are the new manacle and whip of the 21st Century Wage Slave.

Work more, earn less, get a second job detaling the boss's new Hummer or cleaning out his new McMansion.

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AllegroRondo

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Fri Jun-03-05 11:59 AM
Response to Original message

5. "Chocolate Ration Increased to 30 Grams"

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ET Awful

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Fri Jun-03-05 12:05 PM
Response to Reply #5

8. Exactly what I was going to post :)

Edited on Fri Jun-03-05 12:05 PM by ET Awful

Except wasn't it "increased" to 25 grams? :)

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AllegroRondo

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Fri Jun-03-05 01:21 PM
Response to Reply #8

20. Darn - you're right.

quick - rewrite history so no one notices.

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tedoll78

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Fri Jun-03-05 12:05 PM
Response to Reply #5

9. 30 grams!

Wicked!

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JHBowden

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Fri Jun-03-05 12:02 PM
Response to Original message

6. How many people entered the workforce in May?

Is this number included in the employment gain? If the economy adds jobs while the workforce grows, an increase in unemployment is logically possible.

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MrBenchley

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Fri Jun-03-05 12:28 PM
Response to Reply #6

14. Ah, but if you parse their idiotic headline...

they're not claiming there were positive numbers....what they're doing is pretending that if there had been, then it would have made Wall Street happy...

"Waterproof frog asses may improve odor in swamp"....

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JRob

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Fri Jun-03-05 01:13 PM
Response to Reply #6

19. "if you torture the numbers long enough, they'll confess to anything"

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RUMPLEMINTZ

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Fri Jun-03-05 04:19 PM
Response to Reply #6

24. The economy needs to gain about

130,000 a month to keep up with the workforce growth so in all practical terms there are about 50,000 more people looking for work last month.

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Pirate Smile

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Fri Jun-03-05 12:04 PM
Response to Original message

7. They are so delusional. Certainly not a "reality based" news source.

Stock declines accelerate

Major gauges tumble as investors eye weaker payrolls report, rising oil prices, bond yields.
June 3, 2005: 12:30 PM EDT

NEW YORK (CNN/Money) - Stock declines picked up speed Friday afternoon, as investors eyed a weak May payrolls report, rising oil prices and Treasury yields

-snip-
Employers added 78,000 to their payrolls in May, the government said early Friday, far below forecasts for 175,000, according to a consensus of economists surveyed by Briefing.com. Employers added 274,000 to their payrolls in April.

http://money.cnn.com/2005/06/03/markets/markets_newyork/index.htm

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katty

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Fri Jun-03-05 04:12 PM
Response to Reply #7

23. 78K temp and perm McJobs

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Flying Dream Blues

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Fri Jun-03-05 12:07 PM
Response to Original message

11. I remember some time back,

there was a quote from a guy at a Kerry rally I think who said something like...

"Yeah, they've created lots of jobs...I should know...I have 3 of them!"

He had been in high-tech management making $100K+, now he had 2 fast food jobs and a WalMart job, trying not to lose his house.

Proving the old saw there're lies, damn lies and statistics.

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mikeytherat

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Fri Jun-03-05 12:22 PM
Response to Original message

12. Look at the box right above what you've circled!

"Disappointing payrolls data raise worries about the economy;..."

Welcome to the "Do'h Spin Zone!"

mikey_the_rat

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Beaverhausen

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Fri Jun-03-05 12:58 PM
Response to Reply #12

15. I was just going to point that out too

Fox: We distort, you abide.

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underpants

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Fri Jun-03-05 01:06 PM
Response to Original message

16. WSJ radio news:Employment and retail numbers having no impact on

Wall Street" Next line (I swear) "The Dow is down 35 points"

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truebrit71

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Fri Jun-03-05 03:23 PM
Response to Reply #16

21. Dow wound up losing 95 points...

...Hmmm, guess not everyone was buying the bullshit today...

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DenaliDemocrat

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Fri Jun-03-05 06:06 PM
Response to Original message

26. Who is that

man-bitch with that ugly "I just blew Hannity and O'Reilly" look on her face????????

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Bush_Eats_Beef

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Fri Jun-03-05 06:23 PM
Response to Reply #26

29. Fox REMOVED the video...but...

...it looks like Lis Wiehl?

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Skittles

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Fri Jun-03-05 06:09 PM
Response to Original message

27. positive meaning the number wasn't a negative number

whoring bastards

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welshTerrier2

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Fri Jun-03-05 06:16 PM
Response to Original message

28. from the "far left" NY Times:

source: http://www.nytimes.com/2005/06/03/business/03cnd-econ.html

U.S. Economy Added Only 78,000 Jobs in May

WASHINGTON, June 3 - Job creation slowed to a crawl in May, the Labor Department estimated today, but the unemployment rate edged down to its lowest point since September 2001.

The nation added only 78,000 jobs in May, less than half the pace of the previous three months and the smallest monthly increase in nearly two years.

The report, far weaker than most Wall Street analysts had expected, quickly rekindled talk of an economic slowdown as well as speculation that the Federal Reserve will raise interest rates less than expected. <skip>

********************************

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hatrack

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Fri Jun-03-05 07:17 PM
Response to Original message

30. If terrorists nuked New York (God forbid) . . .

Fox would talk about all the openings this would produce in the construction sector.

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