Speckles wrote:
Ragtime wrote:
I happen to think Bush has done an awful lot of good while in office.
I've gotten mad at him several times for not being a true conservative in his policies,
but the economy is doing fine, if you look at the actual numbers and not the
hyped, breathless media reports invented to sell newspapers and magazines.
The housing market, same exact situation. 0.6% of homes are up for foreclosure. Whoopee.
Yet the media scream,
"Housing Market in Crisis!" and
"Recession!"
Yawn.
Yeah, the economy is doing just peachy

. That's why the american dollar has plummeted, the national debt has grown from 4 to 9 trillion dollars and counting, and over 2 million jobs have disappeared in the last three years. And why Bush's administration has started to play coy with its economic reports.
Seriously, at what point do you start calling something a recession?
I call something a recession at the point at which I notice at least
some changes in the prices of my rent, my food, my clothing, and other general goods and services our economy sustains. And minor changes, I'd called a downturn.
Other than gas, which price is controlled by OPEC, nothing in my life has gone up in price. You'd think
something would have, if we were in a recession.

I mean, seriously, if you don't even
notice the recession, and you're poor, it's probably not there!
How many times have you read a headline mentioning economists' "surprise" at recent American economic growth??
Constantly! They have to say that America's economic health "surprised" them in order to keep their jobs
as economists, because they're always unfoundedly predicting doom and gloom. Then, when the doom doesn't happen,
they have to backtrack, "shocked", and pretend it was a glitch of some sort or other. Nonsense! The economy is doing fine, but
such news does not sell newspapers and magazines like Time and Newsweek, which are purely entertainment industries now.
Such companies' profits thrive on alarmism. Haven't you heard the Reporter's Creed? "If it bleeds, it leads."
"Good news is no news."
Only an upsetting headline will ensure that reader buys the paper or magazine, and
develops a dependence upon that news source from out of the fear it generated in the first place.
_________________
Christianity is different than Judaism only in people's minds -- not in the Bible.
Last edited by Ragtime on 23 May 2008, 10:00 am, edited 6 times in total.