There is an old saying that, "Figures don't lie but liars can figure." Case in point is the Los Angeles Times. Patterico says, "deceptive headline designed to scare people: “Job losses at highest level since 1945.” Problem is, “it isn’t until well past the jump that we are told that this is in absolute numbers in a country with double the population that it had in 1945.”"
So the problem is about one half as bad as the LAT says. A term I picked up from Da Techguy's Blog describes this perfectly. They are 'reality challenged.'
Hat Tip/Patterico's Pontifications