With unemployment figures beginning to resemble a mushroom cloud and the Fed running out of card tricks, I told a friend we were going to spend the weekend at my house making hard choices — scrutinizing every expense, eliminating spending where we could and downsizing at every turn.Hmmmm... seems like an incredibly HUGE inadvertent admission of MSM bias: so when a Democrat was POTUS the MSM made things seem better than they really were; while Bush has been president the MSM makes things seem worse; and now that Obama is president-elect....
“Really,” he said. “What has changed at your house?”
Well, nothing really — I might toil in a threatened industry, but my ID card still works when I go to the office and my wife is prospering in a job she loves. But like everyone else, I am making my way through a data cloud that is crackling with panic.
... Every modern recession includes a media séance about how horrible things are and how much worse they will be, but there have never been so many ways for the fear to leak in. The same digital dynamics that drove the irrational exuberance — and marketed the loans to help it happen — are now driving the downside in unprecedented ways.
... Courtesy of the media, we no longer have to be obsessed to be neurotic: the neurosis comes to us.
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It has now been determined that hopenchange has a two week shelf life.
ReplyDeleteWhen Bush said the country was in a recession in 2001, all hell broke loose at the NYTimes. It's way past time to let the newspapers drift off into the darkness, followed by the TV Newsreaders.
Why is it whenever I see "the office of President elect" Barry give a speech, I think, did they make the podium bigger?