How sad. I didn’t think people were still such little lemmings. “Are ya gonna believe me, or your lying eyes?” I.e., the blather on the TV or the fact that their brother, sister-in-law, cousin Vinnie etc have been struggling with the job market for the last 3 years (or probably more). It’s gotta be pretty crazy-making to have struggled to find a decent job for the past year and a half, fall off the back of the unemployment-comp bus, and then have the TV tell you “unemployment is only 9.5% and it’s all getting better.”

Karl Denninger has been arguing that the market is being faked anyway, via computer trading– here’s an example of his claims.

About his Tea Party connections: I was reading him for a year and a half before I found out about them, and he seemed to make a lot of sense to me. If the tea partiers have actually spotted a naked emperor, it would make sense for the emperor’s minions to try to paint them as racists, crazies, etc. I don’t know if that is the case– if the fruit-loops are fifth columnists, or if actual racists and crazies have simply piled onto the bandwagon. Anyway, what he says on his blog and the image of the Tea Partiers I see on CNN just doesn’t jibe for me.