Really is that alarmist language, “plunged”, “stopped going to the mall”, “onset of a recession”, justified by a measly 6 tenths of a percent in retail sales in February. After all February was a very cold month and that could have kept some shoppers home. I doubt it helped sales because people probably have already bought their winter stuff.
Yeah, I was freezing for the last two months here in Hawaii. In California, it was soo cold, people wouldn’t leave their houses.
And lets remember, anyone who has to lie and distort to make a point can’t be relied on for anything. Sorry Rob, you just cut yourself out of the debate. Nicely done.
The bottom line is that this story was chock full of distortions.
Was it also a lie when Bush said the economy is in trouble and he cited all of the problems we are facing and then said to wait until his economic package started to stimulate the economy?
I cant get to the article you cited anymore because it requires a password and account. I’m tired of spam so im not digging it up. But essentially there are a lot of facts that do state we have a problem.
The facts are there for anyone to find. If they can’t make their case without lying then they obviously have no case and more importantly cannot be counted on to ever tell the truth.
They are, and Bush stating we have an issue with our economy and scrambling to make adjustments to counter those issues is proof we have an issue.
So the question remains: Why are you distorting and lying that we don’t have a problem Rob?
Shame on the Associated Press and lesser shame on the Grand Forks Herald for giving them space in their newspaper.
Shame on you for not including the rest of the post that suggests that you are the one distorting.
Hannitized - 09:03am on 03/17/2008
Hannitized, whether we like it or not, is right on this one. The economy - retail and wholesale - is in trouble. And not just our economy, but a global one as well. Could be some tough times ahead.
The good news is that if the dems just stay out of this, a market-correction will emerge. But, since they have a vested-interest in keeping the dollar weak for the November election, don’t look for that to happen. Bush is already being compared to Hoover. Give me a break!
pparets - 09:03am on 03/17/2008
If by “in trouble”, you mean that growth has slowed down a bit, you’re right. If you’re trying to sell a recession or, as some lefties are doing, a depression, you’re simply scaremongering, and are adding to the problem.
The truth is, a very cyclical part of our economy is in a down cycle, exacerbated by regulations that required those bad loans to be made as part of a housing “affirmative action” program.
We made it through a far worse economic time(the Carter administration), and will make it through this one, even if the govt tries to “fix” it.
robert108 - 09:03am on 03/17/2008
I don’t believe that there is a knowledgeable conservative office-holder, economist, pundit or commentator who is currently saying that everything is just fine with our economy. Nor is there one stupid enough to suggest that what happens in the American economy won’t have world-wide financial and economic repercussions.
But the point of Whistler’s post, as I read it, is that there is no justification for the alarmist rhetoric used by the Associated Press. And in this he is correct.
While we are long past the point where any rational individual expects objective, fact-based reporting from the MSM, including AP, the hyperbolic language in this particular story is hardly justified by the facts and numbers presented.
Was it really so long ago that those on the Left, including the Associated Press, were pleased to be trumpeting the word “nuanced” in a bald-faced attempt to disparage the intelligence and judgment of the President and his administration? Apparently, practicing what they preach is NOT something which can be reasonably expected of liberals.
The Fed appears to be pledging to do everything in its power to keep the credit crisis from destroying the financial industry and the economy. Policy makers at the central bank are expected to reduce the target fed funds rate _ the rate banks charge each other for overnight loans _ by at least a half-point on Tuesday, and perhaps even a full point.
Oil prices fell sharply Monday, pulling back at least temporarily from record levels as investors feared that the financial crisis that forced the sale of Bear Stearns Cos. is a sign of deep economic troubles.
Crude’s plunge came even as diesel prices rose to a new record above $4 a gallon, and gas prices remained high. Diesel, used to transport the vast majority of the nation’s goods, rose 1.3 cents to a national average of $4.002 a gallon Monday, according to AAA and the Oil Price Information Service. The national average price of a gallon of gas, meanwhile, dipped slightly to $3.283 a gallon, but remains 73 cents higher than a year ago.
Hannitized - 09:03am on 03/17/2008
Exacerbated by… bad loans… affirmative action
Interesting that the MSM don’t want to touch that one!
Here on the East Coast, in new developments occupied mainly by minorities, FOR SALE signs are up like mushrooms. Are you seeing the same thing on the left coast?
pparets - 10:03am on 03/17/2008
So-called “Hannitized” tries the same old leftie dodge of changing the subject; the AP is lying about the sales figures. I ask again: If the economy is so bad, why do they need to lie about it?
Why is bad news for America such good news for the lefties?
robert108 - 10:03am on 03/17/2008
H,
Are you trying to make a particular point, or are you simply practicing your “cut and paste” skills in your spare time?
Bat One - 10:03am on 03/17/2008
the AP is lying about the sales figures.
How about we dial back the rhetoric a bit. Retail sales were down from the previous month so clearly the AP didn’t lie. The argument that the story is too negative given the year over year data is perfectly sound so why not stick with that?
MikeAdamson - 11:03am on 03/17/2008
Retail sales were down from the previous month so clearly the AP didn’t lie.
That’s not the metric for comparing sales figures. Comparing sales from month to month isn’t the way it’s done, and AP knows it. Because things vary seasonally, the way sales figures are compared is with the previous year’s figures for the same month. AP was lying, no doubt, and it was for propaganda purposes. They got caught; sorry you don’t like it. No “rhetoric” here, just facts.
Yeah, I was freezing for the last two months here in Hawaii. In California, it was soo cold, people wouldn’t leave their houses.
And lets remember, anyone who has to lie and distort to make a point can’t be relied on for anything. Sorry Rob, you just cut yourself out of the debate. Nicely done.
The bottom line is that this story was chock full of distortions.
Was it also a lie when Bush said the economy is in trouble and he cited all of the problems we are facing and then said to wait until his economic package started to stimulate the economy?
I cant get to the article you cited anymore because it requires a password and account. I’m tired of spam so im not digging it up. But essentially there are a lot of facts that do state we have a problem.
They are, and Bush stating we have an issue with our economy and scrambling to make adjustments to counter those issues is proof we have an issue.
So the question remains: Why are you distorting and lying that we don’t have a problem Rob?
Shame on you for not including the rest of the post that suggests that you are the one distorting.
Hannitized, whether we like it or not, is right on this one. The economy - retail and wholesale - is in trouble. And not just our economy, but a global one as well. Could be some tough times ahead.
The good news is that if the dems just stay out of this, a market-correction will emerge. But, since they have a vested-interest in keeping the dollar weak for the November election, don’t look for that to happen. Bush is already being compared to Hoover. Give me a break!
If by “in trouble”, you mean that growth has slowed down a bit, you’re right. If you’re trying to sell a recession or, as some lefties are doing, a depression, you’re simply scaremongering, and are adding to the problem.
The truth is, a very cyclical part of our economy is in a down cycle, exacerbated by regulations that required those bad loans to be made as part of a housing “affirmative action” program.
We made it through a far worse economic time(the Carter administration), and will make it through this one, even if the govt tries to “fix” it.
I don’t believe that there is a knowledgeable conservative office-holder, economist, pundit or commentator who is currently saying that everything is just fine with our economy. Nor is there one stupid enough to suggest that what happens in the American economy won’t have world-wide financial and economic repercussions.
But the point of Whistler’s post, as I read it, is that there is no justification for the alarmist rhetoric used by the Associated Press. And in this he is correct.
While we are long past the point where any rational individual expects objective, fact-based reporting from the MSM, including AP, the hyperbolic language in this particular story is hardly justified by the facts and numbers presented.
Was it really so long ago that those on the Left, including the Associated Press, were pleased to be trumpeting the word “nuanced” in a bald-faced attempt to disparage the intelligence and judgment of the President and his administration? Apparently, practicing what they preach is NOT something which can be reasonably expected of liberals.
http://www.usadaily.com/section.cfm?sectionID=188
Stocks Down After Bear Stearns Deal
http://www.usadaily.com/article.cfm?articleID=296259
Oil Plummets on Economy Worries
Exacerbated by… bad loans… affirmative action
Interesting that the MSM don’t want to touch that one!
Here on the East Coast, in new developments occupied mainly by minorities, FOR SALE signs are up like mushrooms. Are you seeing the same thing on the left coast?
So-called “Hannitized” tries the same old leftie dodge of changing the subject; the AP is lying about the sales figures. I ask again: If the economy is so bad, why do they need to lie about it?
Why is bad news for America such good news for the lefties?
H,
Are you trying to make a particular point, or are you simply practicing your “cut and paste” skills in your spare time?
How about we dial back the rhetoric a bit. Retail sales were down from the previous month so clearly the AP didn’t lie. The argument that the story is too negative given the year over year data is perfectly sound so why not stick with that?
That’s not the metric for comparing sales figures. Comparing sales from month to month isn’t the way it’s done, and AP knows it. Because things vary seasonally, the way sales figures are compared is with the previous year’s figures for the same month. AP was lying, no doubt, and it was for propaganda purposes. They got caught; sorry you don’t like it. No “rhetoric” here, just facts.