Friday, March 06, 2009
On January 7, we posted a wonderful missive from Paul Slugman, the Failed Marxist Loon (FML) who styles himself as some sort of economist. In it, the Slug said the following:
"unemployment will reach 8.1 percent by end 2009"
Yep. The Slug got the number right, but he was off by, well, nine whole months.
Unemployment hits 8.1%, adding to fears
The wave of layoffs that pushed unemployment last month to its highest level in more than a quarter of a century is giving American workers a new jolt of anxiety.
Capping a week of steep stock market declines, new fears for the survival of the country's biggest automaker and fresh concern over the banking system, the news Friday that unemployment jumped to 8.1% in February from 7.6% the month before was only the latest sign of continued deterioration in the economy.
This is what happens when you listen to the "forecasts" of liberals.
It is called BULLSHIT.