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A Funny Thing About Economic News...

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  • A Funny Thing About Economic News...

    ..It doesn't matter what the news is, some pundit -- or a whole herd of them -- will say something contrary about it. Here's an example:

    When I was young and the "Carter Depression" hit, there was an "economic expert" on the local station who was constantly looking for some sliver of good fortune, some small silver lining in every report of interest rate hikes, layoffs, foreclosures and other economic disasters. 

    Then when the economy turned itself around, the same guy was an instant pessimist. Every good thing, every sign of economic recovery from increased hiring to increased incomes and increased buying -- all the signs of an improving economy -- were somehow "bad." He could see nothing good coming out of any of it. Or if he did, he urged extreme caution. Weird guy. 

    Now I see the Republicans, the neo-cons, the TEA Party and all the rest of the screaming hoards of ignorant fools looking at the economy staggering toward improvement, and they're going berserk. They claim that it's all a sham, Obama Is Lying, it's all an illusion, it's "Liberal Deception" and so on and on and on, etc. yada-yada-yada...

    Most of that negative talk, of course, is political; the Republicans and the right-wing loonies want power back and don't care how they get it, even if it means ruining the economic recovery. Or ruining the nation and the world, if they have to, just so long as they get back in power and run things "as they should be run." 

    Makes you wonder what would happen if people were allowed to just do things and live life without "experts" tellling us what to think, doesn't it?

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    Face it Tea Bagging Neo-Cons...if Reagan ran today, you'd be calling him a RINO socialist! -- scott666

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  • #2
    Economics is a faith based social science, which would not make it a science at all.

    Comment


    • yanktar
      yanktar commented
      Editing a comment

      Caulk Rocket wrote:
      Economics is a faith based social science, which would not make it a science at all.

      spoken by someone who truly doesn't know what the **************** he's talking about. 


  • #3
    These are the same guys who blamed the "liberal media" for "taking down the economy" in 2007/08 when they dared report about the bursting of the housing bubble that began a year before...
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