Media Desperate To Convince Public of Recovery
The economy dipped only slightly in the second quarter of this year — falling at a 1 percent annual pace, better than expected. And many analysts think the economy is starting to grow again in the current quarter, setting up a long-awaited recovery.
OK, forget about the fact that GDP was revised downward to 6.4% in Q1 and the trillion dollars in wasted spending has done nothing to promote growth and reduce unemployment, as Democrats promised.
Economists say they are hopeful that consumers, aided by the "cash for clunkers" program to boost car sales, eventually will nudge up spending. Over time, that would help stem a still-heavy wave of job losses and stimulate hiring.
OK, so it's this "cash for clunkers" program, which the government almost had to cancel after four days due to incompetence that is going to save us. Sure.
of tax cuts and increased provided some support to the economy in the second quarter. But it will have more impact in the second half of this year as it extends its reach, economists said.
There it is - it was Obama's useless "stimulus package" that saved us. I can't think of a single way that any of this spending has benefited Americans. I recall in 2003 (through 2007) when the economy was humming at a 5.0%+ rate that the media was complaining that there weren't enough jobs - and then that the new jobs created "weren't paying as much" as existing jobs. (It didn't even matter that Greenspan debunked that line as ludicrous.) It seems clear that Obama will be an early lame duck by 2010 if the media doesn't create the facade of a recovering economy - and the media are desperate to prevent that from happening.