Wasting Time With Alex

The MSM and the economy

I have been having several discussion about the state of the economy as of late, and I have to say that I am flabbergasted by the amount of people that say they feel the economy is doing bad and going south even faster. Oh, I know that the MSM is painting the usual doom and gloom, but when I look at the indicators, the stuff that really matters, I find they are usually off big-time or lying outright about it. It has set me to thinking that there is a real pattern in this whole mess, and apparent I am not alone as Larry Elder seems to come to the same conclusion I have. And here is the money quote:

Two professors, John Lott, economist and resident scholar at the American Enterprise Institute, and Kevin A. Hassett, the Institute’s director of economic policy studies, looked at newspaper articles on the economy. They wrote, “We found that newspaper headlines reporting economic news on unemployment, gross domestic product (GDP), retail sales and durable goods tended to be much more frequently negative when a Republican was in the White House. And this was true even after accounting for the economic numbers on which the stories were based and how those numbers were changing over time.” So bad economic news becomes less bad economic news with a Democrat sitting in the White House. With a Republican in the White House, however, good economic news becomes less good, and bad becomes even worse.

So we are simply dealing with more of the usual bias and lies we get from the MSM. That’s why idiots that do not know what to look for can think things are always better under democrats I guess. Unemployment is the lowest it has been in a long time at 4.7% and staying there. New jobs are being created constantly, over 8 million since 2003. Average income is going up, and while we all would love to see it go up even more, the fact is that it is not bad because inflation has been kept under pretty tight wraps. The GDP is growing at a robust rate while the deficit is going down - due to increased revenue from tax cuts which the socialist MSM would never, ever report if they could avoid that - and even though our politicians spend like drunken sailors, things are looking better for the future. That is unless the left, again, screws us all with higher taxation and kills all of this progress.

But do you hear about all of this from the MSM? Well no, because their focus is only on the negative, and when they do cover any of this, they put a negative spin on it or dismiss it as insignificant. All you constantly hear is how we are on the verge of a recession and how the economy and the market are about to collapse. In the mean time the stock market has set real new records - not the crap we got during the Clinton years which was all based on false economics, reported by the very people that now claim the economy is doomed, and a bubble that burst as soon as people got to see the truth - and can anyone imagine where the DOW would be today if the MSM wasn’t so biased? Sure there are problems like the housing market, but again, the problems there are holdovers from leftist policies which will never be mentioned by the biased MSM, of course.

However, just like how homeless people suddenly seem to pop up and be a problem only when a republican is in the WH, these numbers would result in a flood of positive economic news if but a democrat was in the WH. It’s all about the illusion with these biased bastards. Can’t have people thinking that republicans, and even more importantly what they stand for, are good for them because otherwise selling socialism becomes impossible. Don’t believe the bull people, and it is all bull, just look at how much better off you are than before. I know I am doing a lot better now than I did when a democrat was in the WH and I can prove it. Of course the moonbats believe that is the case because the republican has helped me steal the children’s money…