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It May be 56 Degrees Outside, But the Media Says It is Freezing

Chicago Daily Observer 30 April 2008 One Comment

The Commerce Department reported economic growth of .6% in the US for the last quarter. A growing economy by definition, is not in a recession, yet we read:

The Chicago Tribune hopes one still comes along Slow economy: Not a recession yet

The Balitimore Sun tells us to ignore the facts and cherish the feelings of the media with It still feels like a recession

The London Times is just wrong US growth stalls for second consecutive quarter

The AP is downright defiant of the facts not blinking at their own wrong predictions over the last 6 months in Economy grows by only 0.6 percent in first quarter

CBS Marketwatch wants to redefine recession to justify their gloom US could have recession without drop in GDP

With this type of irresponsible and inaccurate reporting, is it any wonder that consumers might lack a little confidence right now? There certainly are some economic problems right now, but so far, the media has not been able to talk the economy into a recession.

One Comment »

  • jorod (author) said:

    The recession is a media recession. No more no less.

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