Did you read this report from the BBC on the latest record unemployment figures? Note how it spins as positive as is possible – a bit like suggesting that although the Titanic is remorselessly sinking into the cold Atlantic water, the rate is slowing! Rejoice – things can only get better, right? Note how “Fragile recovery” is used as the header for two of the three sections, just in case you didn’t get the message. Mandelson must just love the BBC – the UK economy is a train-wreck, the National currency is dying on its feet and yet the BBC is trying to suggest that there is underlying improvement. Keynesian delusionalism rules OK.
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