Latest Useless Poll Shows...Well, Natually

OK, all six readers of this blog know well the heavy workload that I endure to expose the laughable bias at Bloomberg News, which caters the the financial services industry. As I have stated many times, we in the financial services business are citizens just like everybody so we have political opinions, but when it comes to business we can't afford to let idealogy or politics blind us to economic reality or cloud our logic in decision-making. We have to be cold-hard, clinically rational or we lose money. As a leading provider of information to the financial world, you would think that Bloomberg would get that, that they would 'know their customer.' Nope and nope.

For some time Bloomberg has been hooking up with the LA Times to do polls. (This reminds me of when CNBC or MSNBC launched a political analysis show hosted by Paul Begala and Jim Carville.) The results of the Bloomberg/LA Times polls have been pretty silly and today that silliness is on display in classic form. Here is the article about the poll, which aims to convince us that the economy is in the tank and, of course, it is the President's fault. Fine, but if you are going to try dupe people about the state of the economy, don't do it on the same day that recent, already stunningly good, GDP numbers are revised upward.

I love the journalistic device they use, they found some Bush voter in Indiana to bitch about high gas prices and stagnant wages to impart the gloss of credibility. Employment is at an historical high, industrial production is at an all-time high, hourly wages have grown at 4.2% in the last six months (highest since 2000), household wealth hit a record high in March. What this article reveals is that Chris Burden of Indiana is a doofus.