MaggieMae
Reality bits
- Apr 3, 2009
- 24,043
- 1,635
- 48
consensus of economist still forecast 2 to 3% growth. Fear sells, good news get's ignored in this cycle.
Consensus from the obama administration you mean. Get away from those type and you get a real feel of how poorly we're doing.
Fears that economic recovery is fizzling grew yesterday after the government and private sector issued weak reports on a number of fronts.
Economic recovery faltering, data suggest - The Boston Globe
The sad part is that yes, the economy WILL continue to fizzle as long as there continues to be article after article after article predicting (projecting) that it will. Why would anyone want to invest in America when the entire financial media tells us it ain't worth it? One would think it would be in the financial sector's best interests to put a better face forward.
So can all of the gloomy forecasting be, gasp, politically generated? You betcha. The political conservatives would love nothing more than to see the economy tank, again. After all, they are recalling George H.W. Bush's second term loss which resulted because of "It's the economy, stupid" and are salivating over being able to use the same mantra against incumbent Obama. In my opinion, most people had no clue back in 1989 what that even meant. It was so cleverly worded that it brought down the succesor to Reagan who had in reality done a lot to "fix" the deficit left by Reagan. (Sound familiar?)