We are Headed for 15 Percent Permanent Unemployment

We are Headed for 15 Percent Permanent Unemployment:

At the Gap, at Old Navy, at other stores, the size labels in men’s slacks or jeans lie. Pants labeled as having a 36-in. waist actually measure to 39, 39-1/2, even 41. Why? Because men think they are thinner than they are. If a guy believes he’s a 36, but tries on pants labeled with that waist size and finds them too tight, he’s not likely not to buy at all. So pants manufacturers have learned to lie. They tell us what we want to hear. Mostly, we accept it as reality.



President Obama – our pants salesman-in-chief – is trying the same trick with the economy. A lot. He is daily yammering about recovery, about seeing glimmers of hope, about all he has done and is doing to make the economy better, about the success of his stimulus spending spree. He is telling people the rain pouring on their heads is sunshine and hoping they’ll accept his fiction as their reality."