Annie
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The narrative changes regarding needs for stimulus:
Ed Driscoll » The Economy Stinks Now They Tell Us
Liars, all of them.
Ed Driscoll » The Economy Stinks Now They Tell Us
The Economy Stinks Now They Tell Us
Posted By Ed Driscoll On December 4, 2012 @ 4:57 pm In Capitalism, the Unknown Ideal,Liberal Fascism,Oh, That Liberal Media!,The Future and its Enemies,The Making of the President,The Memory Hole
In his latest Impromptus column Jay Nordlinger describes something that almost everyone reading this Website experiences on a daily basis Swimming Against the Tide. Heres but one of numerous examples Nordlinger rounds up:
The briefest word about the news media a further word. You may recall this years Al Smith Dinner. The tradition at these dinners is for the presidential nominees to crack wise. And heres 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, thats weird. I dont get it. Whats he talking about? They knew. Everyone knows.
Or as Investors Business Daily notes today:
Little noticed in President Obamas fiscal cliff plan is a demand for a huge new stimulus package. Wait! Wasnt 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, hes 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 administrations 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.
Whats 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 its 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 didnt.
Liars, all of them.