-By Warner Todd Huston
Friday morning’s Today show on NBC did its best to paint the most rosy scenario possible on Obama’s latest dismal jobs report. Attempting to inoculate Obama from this economic downturn, host Matt Lauer said that analysts he had “been reading” claimed that the economy will add up to 12 million new jobs, “no matter who is president in the next four years.”
This has already been the worst economic recovery since The Great Depression, but on Friday Lauer and CNBC analyst Jim Cramer put the best face on it they could with Cramer chipping in that there is “pent-up demand” that is sure to break soon. This disastrous economic and jobs climate is “not such a bad moment,” Cramer claimed.
In fact, Lauer tried to massage the news into a “party atmosphere.”
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NBC’s Absurdly Rosy Jobs Reporting”