Will Media Cheerleading Of Economy Continue With `Depression' Level Unemployment?

As a regular listener to CNBC and user of their website - and - a regular user of the cable newschannels -- it's strange to consider the continuing language they use concerning the economy -- specifically, the term `green roots'. To the common man in America, that term implies `an improvement' or a sign of better things happening. This in an economy and government that is often borrowing nearly 100 billion a MONTH - just to keep the whole ball rolling at all.

Cheerleading the economy with a backdrop of Michigan's official unemployment rate now exceeding 15% -- the first state since West Virginia in the mid 1980's. Cheerleading the economy with a backdrop of 15 states with an unemployment exceeding 10% - and with 38 states showing increases in unemployment last month. Cheerleading the economy while knowing that certain counties in California have unemployment nearing 20% and one county, Imperial, OFFICIALLY at over 27% unemployed.

Cheerleading the economy while the `official' U-6 - government unemployment figure exceeds 16% - (this includes the those underemployed and those who have given up looking) and in Michigan the number is now over 22%. Cheerleading the stock market rally, while knowing the biggest rallies that ever happened before happened in the Great Depression. Cheerleading the economy while knowing that the `wealth destruction' in this downturn - The Great Recession - is unmatched by any recent `recession'; indeed, palling in comparison.

Finally, cheerleading the economy while knowing that much of the `stimulus money' - isn't spent - and what is appears to be wasted or inefficient in it's allocation. And, lastly - cheerleading the economy while knowing that the `stimulus money' `saved' state and even local government jobs - such as teachers and firemen - and knowing that they will be lost jobs within a year without MORE `stimulus'.

Here's some links used in putting this post together:

http://www.appeal-democrat.com/news/percent-84524-county-unemployment.html Proof of 27% official unemployment in a California county.

http://www.google.com/hostednews/ap/article/ALeqM5iG41E9cl-hj1iLR6_ln6q-z8FY4QD99GEABO4 Proof of Michigan's official soft unemployment over 22%.

http://blogs.wsj.com/economics/2009/07/02/broader-unemployment-rate-hit-165-in-june/ Proof of U-6 unemployment in USA now over 16%.

http://online.wsj.com/article/SB123836938251967565.html "How a Modern Depression Might Look -- If the U.S. Gets There"

http://en.wikipedia.org/wiki/Depression_(economics)

http://baselinescenario.com/2009/01/15/intrade-market-betting-depression/ 56% betting ON a depression based on this definition. Real betting.

Today's Fun Link: (just hit the red x for a cool picture)
http://drewt333.deviantart.com/art/Undead-and-In-Love-70233797