Though the overall economy is far from stable, there is plenty of good news out there. For one thing, oil continues dropping, recently reaching its lowest price in three months, down to about $111 per barrel from the historical high of almost $150 per barrel. Even more importantly, the dollar is surging on international markets:
Pay particular attention to these lines:
If you look at how the MSM reports the economy, we're on the doorstep of the next Great Depression. That's ludicrous, as I've blogged about before. Not only aren't we approaching a depression, we haven't even hit a recession yet. Our economy is still growing, although slower than through most of Bush's presidency. Even more important is the fact that our economy is still growing while the rest of the world is actually 'contracting'! And, it is America that is best positioned to recover quickly from the global economic slowdown.
So, if this is the truth, then why aren't we hearing that in the MSM? The answer is simple, and it rests in the fact that the MSM has essentially become the propaganda wing of the Democrat party. Let's connect the dots:
- the economy almost always plays a huge factor in elections
- when people are unhappy with the economy, they usually dump their current political leaders
- Bush is the current leader, and is a Republican (it seems that Congress, which is currently led by Democrats, usually takes less heat than the Pres for economic policy)
Thus, the MSM is portraying things as far worse than they really are in order to stir up discontent with Republicans for the November election. I guarantee you that if Barack Obama wins in November, we will instantly see lots of reports about how the economy really isn't that bad, to be followed shortly with lots of actually positive economic news.
Just watch and see.
There's my two cents.
The dollar surged to a two-year high against the pound and a six-month peak against the euro on Friday, as fears about spreading economic gloom triggered a sell-off in commodities.
Against sterling, the US currency notched up its 11th consecutive day of gains – its longest uninterrupted rise in more than 35 years
Pay particular attention to these lines:
[M]arkets became increasingly convinced that the US was best-placed to weather the global downturn.
The long-running surge in commodities and resulting inflationary pressures had been a main factor in slowing global economic activity – playing a bigger role than global financial turmoil, for instance, in the eurozone. The eurozone economy shrank in the second quarter for the first time since the launch of the euro in 1999, while Japan's economy contracted 0.6 per cent, its worst performance for seven years. The US staged at least a modest recovery in the same period.
The long-running surge in commodities and resulting inflationary pressures had been a main factor in slowing global economic activity – playing a bigger role than global financial turmoil, for instance, in the eurozone. The eurozone economy shrank in the second quarter for the first time since the launch of the euro in 1999, while Japan's economy contracted 0.6 per cent, its worst performance for seven years. The US staged at least a modest recovery in the same period.
If you look at how the MSM reports the economy, we're on the doorstep of the next Great Depression. That's ludicrous, as I've blogged about before. Not only aren't we approaching a depression, we haven't even hit a recession yet. Our economy is still growing, although slower than through most of Bush's presidency. Even more important is the fact that our economy is still growing while the rest of the world is actually 'contracting'! And, it is America that is best positioned to recover quickly from the global economic slowdown.
So, if this is the truth, then why aren't we hearing that in the MSM? The answer is simple, and it rests in the fact that the MSM has essentially become the propaganda wing of the Democrat party. Let's connect the dots:
- the economy almost always plays a huge factor in elections
- when people are unhappy with the economy, they usually dump their current political leaders
- Bush is the current leader, and is a Republican (it seems that Congress, which is currently led by Democrats, usually takes less heat than the Pres for economic policy)
Thus, the MSM is portraying things as far worse than they really are in order to stir up discontent with Republicans for the November election. I guarantee you that if Barack Obama wins in November, we will instantly see lots of reports about how the economy really isn't that bad, to be followed shortly with lots of actually positive economic news.
Just watch and see.
There's my two cents.
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