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Monday, May 19, 2008

Associated Press: The Economy Doesn’t Actually Have To Recess In Order For Their To Be A Recession

Because in the mainstream media there’s no such thing as good economic news.  Unless a Democrat is President, naturally.

Forecasters downgraded their projections for economic growth. They now predict the economy, which grew by 2.2 percent last year, will slow to 1.4 percent this year. That’s lower than the 1.8 percent growth projected in February. If the new figure proves correct, it would mark the weakest growth since the last recession in 2001.

So we’re in a recession...because the economy is projected to grow at an admittedly slow 1.4%.  Do these economic reporters even know what a recession is?  It’s commonly defined by economists as two or more consecutive quarters of negative economic growth.  We haven’t even hit one quarter of negative growth yet, nor are we predicted to.

Do you know what you call an economy that has continued to grow even amidst all the furor about the housing and credit markets and the media sensationalism that has gone along with it?

Resilient.

Comments

Feelings, nothing more than feelings..........reality be damned!

Kevin on May 19, 2008 at 08:06 pm

This is typical leftie “definitional relativity”, where the lefties just make up whatever definition they want for a word, in order to serve their agenda.


Will America hold to the principles of capitalism and free enterprise or will it embrace elements of socialism, Marxism and communism? Those are our choices.
Voting for conservative Republicans is the choice for free enterprise, personal, economic, religious and political freedom; any other choice supports socialism, Marxism and communism.
Throw out the Dems and the RINOs; save America

robert108 on May 19, 2008 at 08:24 pm

How terribly Democratic… if you don’t like the message, first attack the messenger.  And when that doesn’t work change the meaning of the words to make it say what you want.

Any more, being a Democrat means surrendering one’s integrity on the altar of political correctness.


“Poverty of goods is easily cured; poverty of the mind is irreparable.”

Bat One on May 19, 2008 at 08:31 pm
Avatar for nodakboy

Yes, the MSM has a negative slant on the economy in general..not always for partisan reasons, although I’m sure that often figures in. Often it’s just a journalistic bias: find drama, drama usually is bad, so find the threat to any fact.... but Gregg Easterbrook nailed this years ago and it’s true; MSM reporters tend to always find the dark cloud around any silver lining…
but, in this case, you overshoot your mark.
The report isn’t implying this IS a recession; merely making the point that economic growth is so low, it’s the lowest since the MOST RECENT recession. There is no necessary implication, by the use of the word “LAST,” that we NOW are in the NEXT recession. You are seeing commies under ever bed.
It might have been written better, but you can’t make a case this was some sly way of saying we are in a recession without really saying it..
(Even if that is true, you can’t make a case for it based on this sentence....)

nodakboy on May 19, 2008 at 09:26 pm

nodakboy: Wake up and smell the propaganda!  The MSM has been downtalking the Bush economy for the last six years, despite how healthy it has been.  I know you think you are being “fair”, but that’s just nonsense.  I remember the Carter economy, which really was “the worst economy in fifty years”, and the media tried to minimize it and blame everyone but Carter for the debacle.  The MSM is agendized, all right.


Will America hold to the principles of capitalism and free enterprise or will it embrace elements of socialism, Marxism and communism? Those are our choices.
Voting for conservative Republicans is the choice for free enterprise, personal, economic, religious and political freedom; any other choice supports socialism, Marxism and communism.
Throw out the Dems and the RINOs; save America

robert108 on May 19, 2008 at 09:40 pm
Avatar for nodakboy

Hey, deal with the facts of the case: in this case it’s a simple sentence, using the phrase “last recession,” that this blog’s author (understandably) read as implying that means we are in the NEXT recesson.
But simply English tells us that isn’t a necessary (although it’s arguable) reading of the phrase.
I actually agree with the larger point.
I’m just sayin’, don’t see a commie under every bed.
It’s only about 1 in, oh, 1,000, these days.
Plus, you look like foookin’ ijits when you freak out like this.
Trust me, I know.

nodakboy on May 19, 2008 at 10:04 pm
Avatar for nodakboy

PS: the spelling errors in the above post were intentionally and cunningly placed to disarm readers.
You were armed, right?

nodakboy on May 19, 2008 at 10:06 pm

Trust me, I know.

You obviously don’t, since the same people have been talking “recession” since the third quarter of last year.  Duh.  You don’t get it; just using the term “recession” is meant to scare the people about this economy.  They’re wrong, but it plants the idea.
You do understand the word “propaganda”, don’t you?


Will America hold to the principles of capitalism and free enterprise or will it embrace elements of socialism, Marxism and communism? Those are our choices.
Voting for conservative Republicans is the choice for free enterprise, personal, economic, religious and political freedom; any other choice supports socialism, Marxism and communism.
Throw out the Dems and the RINOs; save America

robert108 on May 19, 2008 at 10:15 pm
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