The Economy Stinks — Now They Tell Us
In his latest Impromptus column Jay Nordlinger describes something that almost everyone reading this Website experiences on a daily basis — “Swimming Against the Tide.” Here’s but one of numerous examples Nordlinger rounds up:
The briefest word about the news media — a further word. You may recall this year’s Al Smith Dinner. The tradition at these dinners is for the presidential nominees to crack wise. And here’s something that Romney said about the news media: “My job is to lay out a positive vision for the future of the country, and their job is to make sure no one else finds out about it.”
Everyone laughed. No one said, “Gee, that’s weird. I don’t get it. What’s he talking about?” They knew. Everyone knows.
Or as Investor’s Business Daily notes today:
Little noticed in President Obama’s “fiscal cliff” plan is a demand for a huge new stimulus package. Wait! Wasn’t he and everyone in the press telling us just before the election how the economy was gathering steam?
In addition to the $1.6 trillion in new taxes on “the rich” that Obama demands, he’s also pushing for upward of $255 billion in new stimulus spending for next year — including $50 billion for roads, $30 billion in extended unemployment benefits and various short-term tax breaks.
According to the New York Times, the administration’s argument is that “the sluggish economy requires a shot in the arm.”And, indeed, the Times paints a rather grim picture of the current economic situation.
Data show “the recovery once again sputtering,” it reported Tuesday, adding that the “underlying rate of growth (is) too slow to bring down the unemployment rate by much.” Manufacturing and exports are lagging, it noted, while consumers and businesses are “holding back” and “wage growth is weak.”
What’s more, the Times says, economic data have “come in surprisingly weak,” and forecasters have “slashed their estimates of growth in the fourth quarter.” Macroeconomic Advisers thinks annualized GDP growth will be just 0.8% this quarter.
Now they tell us. In the crucial last few weeks before the election, the mainstream media were falling over themselves painting a rosy economic picture. Every upbeat bit of data made it to the front page; any bad news got buried.
Well, yes. And the same pattern works exactly the same in reverse in an election year, when the economy is recovering nicely under a GOP president.
And it’s not just burying bad news about the economy: “Yes, all those people coming out of the woodwork now to complain about drone strikes, interrogation, warrantless spying, indefinite detention, etc. could have been talking about this stuff in September. But they didn’t.”
Related: “Tell your troubles to Jesus; the chaplain’s gone over the hill.”
Nuff Said Ed, why waste more words really.The Media Lied,the Economy died and “little lambsy divey”.
Any attack on our treasonous media is anything but a waste of words. Attack away Jay and Ed, it’s not like they don’t hand you a truckload of material a day.
My prediction is that in the long run this anti everything Western mentality will prove disastrous to them. They’re not-so-passive aggression will create the mother of all backlashes. F’em, they deserve history’s judgment. The problem is the short run, the here and now, which they control by systematically mis-describing it, will prove to be disastrous for us. Attack away, more columns like this.
“According to the New York Times, the administration’s argument is that ‘the sluggish economy requires a shot in the arm.’ And, indeed, the Times paints a rather grim picture of the current economic situation.”
This could be just an excuse for the NY Times fat cat bosses to lay off a bunch more employees so they can rake in more profits and bonuses (well, that’s what NYT pundits would say if some other business were doing it.) http://www.bizjournals.com/newyork/news/2012/12/04/new-york-times-threatens-more-layoffs.html
Oh well, a few more resumes will be popping up at the DNC.
A shot of what?
I’m not convinced that it’s entirely their sinister plan to deceive us. I think they are in fact delusional (they are Kantians). Much of what the left does is to reverse cause & effect and to manufacturer their desired reality.
They [attempt to] manufacturer growth (GDP) by printing it and assume that wealth will result and jobs will follow. I’m not even sure that they include productivity in their delusions anymore.
They filter any data through their desired reality. It’s hardly objective and it’s no wonder that all of the pronouncements, actions, interpretations of & adherence to the law are shit; it’s what they have for brains.
Please don’t tell me you believe anything the media says about anything.
Part of the problem is that the Washington media is now plugged into the politican and bureaucrats by marriage and blood relationships.
How many journalists are married to someone who is employed by a politician or a government agency?
Would jornalist “A” break a story that would embarrass his spouse’s boss? Would they break a story that would implicate their co-worker’s spouse’s boss?
Or would they hold the story to prevent a loss of access to the President? Why is it that Drudge and conservative websites are breaksing stories for which that are villified by other members of the press?
Enough bad stories and some journalists will have a spouse collecting unemployment and that is not enough to pay the house note and private school tuition.