Strong Economic News
Great news on the economy:
The US economy weathered the impact of hurricanes better than experts had expected, growing at a 4.3 percent annual pace in the third quarter, the government said in an upward revision to its prior estimate. The Commerce Department figure for gross domestic product (GDP) was stronger than last month's estimate of 3.8 percent growth and ahead of the the 4.0 percent expected by Wall Street economists.
So the MSM is all over this, right? Letting the American people know how great our economy is doing, right? WRONG-O! Rush Limbaugh comments on his radio show regarding the New York Times' coverage:
"Gasoline is cheaper than it was before Hurricane Katrina slammed into New Orleans. Consumer confidence jumped last month and new- home sales hit a record. The stock market has been rising. Even the nation's beleaguered factories seem headed for a happy holiday season. By most measures, the economy appears to be doing fine. No, scratch that, it appears to be booming. But as always with the United States economy, it is not quite that simple." And then they run around and they get people from places I have never heard of to explain the precipice we are nearing and how this all is going to just crash and burn around us unless we do certain things.
Yes, there is always a cloud in every silver lining, if there's a Republican in charge. More Rush:
For example, "For every encouraging sign, there is an explanation. Consumer confidence is bouncing back from what were arguably some of its worst readings in years." So? "Gasoline prices - the national average is now $2.15, according to the Energy Information Administration - have fallen because higher prices held down demand and Gulf Coast supplies have been slowly restored." So for every encouraging sign there's an explanation as though, "Okay, yeah, it's up but there's a reason," and they try to make the reason sound illegitimate. When the reasons are purely market economic oriented. "The latest reading on home sales released yesterday contradicts most recent measures of housing activity which generally indicate a slowdown." There aren't any measures, there are guesses.
They simply cannot bring themselves to admit that the economy is doing great, as a direct result of Bush's tax cuts. Admit that tax cuts work? Never happen. Read the rest of Rush's breakdown of the Times' coverage.
The US economy weathered the impact of hurricanes better than experts had expected, growing at a 4.3 percent annual pace in the third quarter, the government said in an upward revision to its prior estimate. The Commerce Department figure for gross domestic product (GDP) was stronger than last month's estimate of 3.8 percent growth and ahead of the the 4.0 percent expected by Wall Street economists.
So the MSM is all over this, right? Letting the American people know how great our economy is doing, right? WRONG-O! Rush Limbaugh comments on his radio show regarding the New York Times' coverage:
"Gasoline is cheaper than it was before Hurricane Katrina slammed into New Orleans. Consumer confidence jumped last month and new- home sales hit a record. The stock market has been rising. Even the nation's beleaguered factories seem headed for a happy holiday season. By most measures, the economy appears to be doing fine. No, scratch that, it appears to be booming. But as always with the United States economy, it is not quite that simple." And then they run around and they get people from places I have never heard of to explain the precipice we are nearing and how this all is going to just crash and burn around us unless we do certain things.
Yes, there is always a cloud in every silver lining, if there's a Republican in charge. More Rush:
For example, "For every encouraging sign, there is an explanation. Consumer confidence is bouncing back from what were arguably some of its worst readings in years." So? "Gasoline prices - the national average is now $2.15, according to the Energy Information Administration - have fallen because higher prices held down demand and Gulf Coast supplies have been slowly restored." So for every encouraging sign there's an explanation as though, "Okay, yeah, it's up but there's a reason," and they try to make the reason sound illegitimate. When the reasons are purely market economic oriented. "The latest reading on home sales released yesterday contradicts most recent measures of housing activity which generally indicate a slowdown." There aren't any measures, there are guesses.
They simply cannot bring themselves to admit that the economy is doing great, as a direct result of Bush's tax cuts. Admit that tax cuts work? Never happen. Read the rest of Rush's breakdown of the Times' coverage.
posted by Jennifer at 3:35 AM
<<< Home