Thursday, June 26, 2008

Economy: Better, but Not to the Despicable AP

Here is today's AP headline as to the GOOD economic news today (a RAISE in the GROWTH experienced in the first quarter GDP from the previous government estimate--itelf a modest rise from the previous quarter):

US economy logs better growth, but still subpar

Notice the absolute inability of the truly despicable Associated Press, and AOL, to give "news" STRAIGHT.  The headline is not ALLOWED (I am sure there is a memo somewhere, as there is a memo on not using the term "Islamic extremists" or "Muslim terrorists") to merely say that the economy GREW faster in the first quarter than originally estimated.  The headline MUST contain "..but still subpar", and th estory MUST talk about how "fragile" the economy is.

My brother is co-owner of a trucking compnay, and he confirms what is likely true:  We are ON TRACK for continued, and better, GROWTH in the second half of this year.  He can tell by freight levels.

What can DERAIL this "recovery" (we have not gone into recession in the first place)?  PANIC by Congress!!!!  Foreclosure bail out measures, etc. can HURT the eoncomy (as well as the deficit), while SANE actions--such as merely ALLOWING more drilling for oil oofshore and in a SMALL part of the icy wilderness of ANWR--are bypasssed in favor of MORE SPENDING.

P.S.   A much fairer headline would have been "No Recession, Despite Democrat Assertions", but I don't live in a fantasy world.  That is NOT a headline you are going to get from the despicable AP, or the rest of the mainstream media.  Nevertheless, it is absolutely ture:  All of these assertions that we are in a "recession" have been PROVE to be false--more DELIBERATELY false than anything President Bush ever said about "weapons of mass destruction".

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