Agreed, I wish the press would provide a full and clear picture of the economy at any given time. More Americans need to understand how the economy works, as well as the pros and cons of fiscal strategies.
Right now, the economy is in good shape, with outstanding unemployment figures, lower personal and business income taxes, very nice income growth and a pretty good GDP.
On the other side of the ledger, we have aggressively increased spending, aggressively increased the deficit, and the Fed is back to adding hundreds of billions of dollars into markets to grease the system in a non-recessionary period, something that Keynes himself would have thought was going too far.
It would be good for Americans to see and understand the big picture, so that they can determine for themselves if the benefits of any given fiscal policy outweigh the costs. When it comes to the economy, there will always be conflicting data.
Maybe the press thinks it would be too complicated. Or maybe they don't really understand it themselves.
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