Calculated Risk has the analysis on today's horrific employment data. I keep hearing the words "No one could have predicted" with respect to the economic crisis. This is false. Many people, including myself saw the coming collapse in the housing and stock markets.
Via Anonymous Liberal, here is a telling series of clips from Fox News (that bastion of journalistic integrity) featuring a series of howling baboons and Peter Schiff as the lone voice of reason. Watch how he is scoffed at, laughed, and ridiculed . . . for telling the truth. And then wonder, why the hell do these other talking heads still have jobs? How can you possibly justify paying a salary to Larry Kudlow, or Neil Cavuto, or Ben Stein, when they have been consistently 100% wrong about everything? Why is it that many bloggers got it right, and yet millionaire talking heads got it consistently wrong? Some of these people are just bone stupid but many of them are paid to lie. Be skeptical, it's good for your brain and your wallet.
LATE NOTE - To clarify, I disagree with Peter Schiff on plenty of things. But in these particular vignettes what he's saying is dead on.