Why Do These Clowns Still Have Jobs?

Earlier today, the Conference Board published its consumer confidence index for February, and the "experts" were -- shall I say -- "shocked" to learn that consumers are not as upbeat as they are about the state of the economy.

As before, the Present Situation index -- which represents an average of responses to questions about current business and employment conditions -- remained in the doldrums, hitting its lowest level since February, 1983.

In fact, the percentage of respondents who claimed that business conditions, in particular, are "good" fell to 6.2 percent, an all-time low. No doubt that very small group of optimists includes stock traders, "strategists," economists, policymakers, and Washington lobbyists.

Of course, those who have been reading my blogs and other sites (like most of those listed in my blogrolls) that strive to convey a realistic sense of what is happening in the economy were not surprised at all.

Tell me again, why do these highly-paid clowns -- er, forecasters -- still have jobs?

Comments

[Hoody]

cause the "paid clowns" on CNBC say its all "good" esp the one with the noise maker machine, and his brother the guy that used to pimp a chick named Goldie that now I guess is still waiting for the "seeds" to grow. These stock pushers with their puts, shorts, day trading, and hedge's, have no problem "making money" as they get all the insider info daily, besides their 7 figure annual salary's. Like that jackass bozo boo ya, said he paid his secretary 500K a year. how the hell can people in that bracket know about "inflation" At least that Kudlow dude is at least calling for higher rates.

[DavosSherman]

CNBS

[AustinCompany]

There are many who are "pushers" of a better economy. Those that can make a profit from pushing a better economy included stock brokers (fees), real estate agents (fees), banks (fees) and financial houses (fees), All of these share one thing; they make a percentage or fee from someone else spending the money - so it is in their best interest to say things are good. Prostitutes all.

Whereas the whores need the money (above), the pimps need the kudos, The pimps are the Keynesian economists, and the CNBC clowns who pump the prostitutes.

Lastly, there are the politicians that become parrots of the pimps and whores since they know nothing of business or economics, So in conclusion, our country is basically being run like a house of ill-repute with pimps, whores and parrots, And guess who's getting scr*wed?

[killben]

Tell me again, why do these highly-paid clowns -- er, forecasters -- still have jobs?

I ask the same questions of these clowns, who are of higher order ..

Ben Bernanke (entire Fed), Geithner, Summers, the whole lot at Rating Agency and SEC .. The list is too long .. but you get the gist ...

[angryfutureexpat]

For those of us that live in the real world, this news falls into the category of least surprising news ever.

One other piece of amusing info is that 3.6 percent of people think that jobs are plentiful. While low, you have to wonder who these people are. Lobbyists, Goldman Sachs employees, residents of insane asylums?