Chart of the Day: Unemployment Falls Off the Radar
National Journal's Clifford Marks goes looking for evidence that the chattering classes are chattering a lot more about the deficit these days, and he finds it: mentions of the deficit are way up in the country's five biggest newspapers. The explanation is pretty simple: "The broadening gap demonstrates just how effective conservatives have been at changing the narrative of economic policy from one dominated by talk of fiscal stimulus to one now in lockstep with notions of fiscal austerity."
This is neither surprising nor, in a sense, unwarranted. Republicans won a landslide election last November and several deficit commissions finally presented their plans to the public in December. What is unwarranted, however, is the yellow line in the chart, the one that shows mentions of unemployment: it's down to about 50, which means about two mentions per week in each newspaper.
Got that? In each of our five biggest newspapers, in the entire newspaper, there are now two mentions of unemployment per week. So that's that. Nobody cares anymore. Politicians don't talk about unemployment and the press doesn't report about it. If you're out of work — and 9% of the country still is — you're on your own.