Friday, October 28, 2005

Lost amid all the swirling Rove/Libby indictment drama was this news from the Commerce Department this morning, showing the US economy expanded 3.8% in the 3rd Quarter, despite the devastating impact of Hurricane Katrina! In the words of one economist:
"Holy Katrina! The economy weathered two major hurricanes and in spite of that showed accelerated growth. I think what this shows is that fundamentally the economy was and is in really good shape."
This is blockbuster news, folks. Sadly, a Democrat does not sit in the Oval Office, so don't expect any raving about these positive economic developments in the conventional media. The best we can hope for are stories with mixed headlines and plenty of cavaets, like "The economy expanded 3.8% in the 3rd Quarter, but..." You can take your pick on what you'll see after the "but". Sometimes it's handwringing over the budget deficit, sometimes the trade deficit, sometimes the weakening US dollar, sometimes the rising price of gas and heating oil, sometimes the widening gap between rich and poor, sometimes the plight of the homeless, sometimes the outsourcing of jobs overseas, and sometimes it's all of the above. To committed liberals, and those who dominate the ranks of the media are no exception, when a Republican President presides over robust economic growth it means those shifty capitalists are making money, and when that happens poor people at home and abroad are getting screwed.

That reminds me, did Karl Marx ever get his posthumous Pulitzer?


At 10/28/2005 1:21 PM, Blogger Eddie said...

"The economy expanded but the jobs being created just don't pay much above minimum wage." That's a typical response for you.

I actually have read liberals say that Clinton "pulled people out of poverty." Hmmm, did he actually go into their homes and pull them off their lazy asses and force them to work? The facts deny this, the poverty rate at the mid term of Clinton was 13.7%. Measured exactly the same way under Bush, the poverty rate mid term was 12.7%. Now who's pulling whom out of poverty?

Oh wait, never mind, it's the Democrats that "pull the poor out of poverty," and it's the greedy Republicans who "make the rich get richer, and the poor get poorer."


Actually, CNN Money likes to point out the rich getting richer and the poor getting poorer. Unfortunately, you need to read conservative sources to realize that it's not the number of poor increasing. Rather, it's that more middle class people are becoming rich under Bush. Only a liberal would see this as defeat.

At 10/28/2005 4:41 PM, Blogger Ace said...

Since you mention CNN Money, are you familiar with CNN business news anchor Ali Velshi? I went to university with that guy. He was one of the most pompous socialists on campus, and that's saying a lot given the uber-liberal sympathies of 90% of the student body. Now he's a pro-capitalist talking head on the cable airwaves? I don't buy it one bit.

And, yes, he did shave his head bare in college, too.

At 10/31/2005 2:57 PM, Blogger Eddie said...

I am not familiar with him. I try to avoid CNN as much as possible, but do from time to time check out CNN money's site as it does have some good stories on it, from time to time.

At 11/02/2005 7:43 AM, Blogger Eddie said...

So I was reading CNN Money this morning, "Bush's tax reform panel releases proposals that ASSAULT the middle class."

Um, yeah, I didn't read that article. I suppose proposing eliminating the Alternative Minimum Tax, or the AMT, is "assaulting" the middle class???

At 11/02/2005 7:55 AM, Blogger Ace said...

No, there's no coloring of the news, is there?

You know, just from my casual observations over the past several months, I've seen more "journalists" defending media bias with a new approach rather than outright denial. Lately they've been talking about the need to craft stories to "persuade" viewers towards a particular point of view, usually in favor of a perceived victim. How they don't see this tactic as a vehicle for injecting bias into news is beyond me.


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