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President No Long Responsible for Economy

Those of us who lived through the 1990's smoke and mirrors dotcom bubble economy remember the every bit of good news was another sign Bill Clinton was a God. Every scrap of good news was considered "another sign" Bill Clinton's economy was "robust."

In fact, every bit of economic news (good or bad) is usually pinned on the president by the mindless media. Except good new on George W. Bush. If 3 people get foreclosed on that's Bush's fault. But then we get stories like this:

Dow: Best winning streak since '55
Blue-chip gauge hits another record, capping best stretch of gains in 52 years; earnings, buyouts, factory orders all help.

NEW YORK (CNNMoney.com) -- The Dow Jones industrial average hit another record high Wednesday, capping its longest winning stretch in almost 52 years as investors welcomed strong earnings, lower oil prices, media merger news and a strong reading on manufacturing.

The Dow (up 75.74 to 13,211.88, Charts) rose 0.6 percent to close at an all-time high for the fifth time in the last six sessions. The Dow also hit an intraday record high of 13,256.33 during the session before retreating near the close.

The blue-chip indicator has now risen in 21 of the last 24 sessions for a gain of 7.4 percent. That's the best streak since the summer of 1955. Back then, the Dow climbed about 10 percent, rising in 22 of 25 sessions.

The tech-heavy Nasdaq composite (up 26.31 to 2,557.84, Charts) gained over 1 percent and closed at a fresh 6-year high. The broader S&P 500 (up 9.62 to 1,495.92, Charts) index rose nearly 0.7 percent and ended at a fresh 6-1/2 year high.

Nope. No mention that the economy is in better shape than it's been in years. (ie not based on a web bubble) No mention of the Bush tax cuts... This great economic news just sorta happened out the blue...

If you're waiting for Bush to get credit for the economy from the media, just waits till we get bad news.


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Comments (63)

Just wait till the dems rai... (Below threshold)
BillyBob:

Just wait till the dems raise taxes and the reverse happens. Who will get credit for that? Typical BS from the biased MSM.

8.4 trillion in debt.... (Below threshold)
civil behavior:

8.4 trillion in debt.

Promissiory notes (stock) on paper beig purchased with fiat money.

Treasuries being bought by Caribbean countries?

MP3 report quashed by "executive order".

80% of the economic sector is now services.

ha ha ha ha ha ha ha ha ha .....you guys are a riot!

Did I read that correctly? ... (Below threshold)
sammy small:

Did I read that correctly?

"...in almost 52 years as investors welcomed strong earnings, lower oil prices..."

WTF?

The real lesson should be Stop Driving, Start Investing.

Yep, we're on the verge of ... (Below threshold)
Wieder:

Yep, we're on the verge of $4/gallon gas and the Dow is over 13K. Want to guess what percent of the American population is deriving vast amounts of wealth from the Bush/Dow all time record boom? I imagine that yesterday Net Jet flights and all 1st class seats to Europe for summer vacations have been completely sold out to the Middle Class of America, wallowing in their new found Dow wealth.

More than likely it is someone in the top 10% of wealth holders who hold about 70% of all the accumulated wealth in the US.

One thing for sure, the 270,000,000 Americans who are not part of the top 10% are not rolling in this newly created Dow wealth.

Get real.

The MSM is biased toward ba... (Below threshold)
Mac Lorry:

The MSM is biased toward bad new whether it's economic, military or what have you. The better the economy the harder the MSM works to find the alternate "news" story. I have observed this phenomena regardless of who the President is or what their party affiliation is. I'll concede that the MSM seem to work a bit harder at finding bad news when there's a Republican in the White House.

The MSM defends there actions with the argument that the usual and expected are not news. The problem is that the economy is based to a large degree on "confidence". An unbalanced focuses on bad economic news undermines that confidence, which in turn causes companies and individuals to slow down spending. The result of unbalance negative economic reporting is a downturn in the economy. The MSM is not just reporting the news they are making the news.

The fix is not to muzzle the MSM, but to report their bias and give people easy access to readily understandable economic data so they can put negative news in proper perspective. The web has gone a long way in doing that, but there's much more that could be done.

Mac Lorry -The wor... (Below threshold)
JLawson:

Mac Lorry -

The worse the news, the more eyeballs on the news stations, therefore the better the ratings get. Nice little feedback loop there, with a bias towards the bad...

Weider snarked, "... the Mi... (Below threshold)
Mike:

Weider snarked, "... the Middle Class of America, wallowing in their new found Dow wealth."

One could make EXACTLY the same observation about the 90's Internet stock bubble, which saw the Dow jump from 4000 to 11,000 (nearly 150% gain) in under five years.

But the MSM and the chattering classes DID NOT lament the fact that Internet bubble largely made only the rich into the mega-rich.

That's the point that Paul is making in his post.

I'm happy. I slapped my 40... (Below threshold)

I'm happy. I slapped my 401k into the index fund back in February. I gained $3000 this month.

"The Economy" and "The Stoc... (Below threshold)

"The Economy" and "The Stock Market" are two separate topics, Paul. You'll note that the media doesn't report on the economy in the same story in which they report on the Super Bowl either.

I see stories reporting on the strong economy every day. The fact that the economy isn't mentioned in this story about the stock market means nothing. This story, all four paragraphs, is just a statistical report on the indexes and their changes.

>"The Economy" and "The Sto... (Below threshold)
Paul:

>"The Economy" and "The Stock Market" are two separate topics, Paul.

Then how come Clinton got so much praise in the 1990s???? For both!

EVERY bit of good news during the 1990s was credited to Clinton personally. Now every bit of good news is either (as you yourself noted) limited to 4 bland paragraphs OR they give 3 paragraphs on the good news and 5 on why it might turn south.

If you don't see the double standard, I'm afraid you're self deluded.

Despite the underlying mess... (Below threshold)
Mac Lorry:

Despite the underlying message in many news stories, the U.S. economy is not the stock market and the stock market is not the U.S. economy. The stock market is based to a large degree on confidence in the U.S. economy, and this confidence is among traders, rather than average folks. Yes, most working Americans are invested in the stock market to some degree through their retirement plans, but the don't panic on a daily basis as many traders do.

When large numbers of traders panicked in the early 90's and started selling out their positions the U.S. economy stayed on course. Then as working people kept putting billions of dollars into the stock market every payday as part of their retirement plans the traders' greed overcame their fear and the stock market was brought back to normal in quick order.

The IRA and 401K plans were one of the best things Congress has ever done to stabilize the U.S. economy. It made the majority of investors truly long term investors rather than flittery traders trying to make a quick buck on any ripple in the market; ripples often caused by unbalanced reporting of the MSM. I've come to believe that anything that reduces the influence of the MSM is good news.

Um try thats because Bush i... (Below threshold)

Um try thats because Bush is basically almost distroyed are economy with The Iraq War? (Like 500 billions and counting I heard). If stock's are doing good or wahtever thats IN SPITE Of Bush not on account of him. Plus who does that help the fat cats or the little guy who needs heathcare. Or do you guy's not even care.

Great news for those of us ... (Below threshold)
Publicus:

Great news for those of us with lots of money in blue chip stocks! (that's the only economic indicator that matters anyway.)

The post brought out the fa... (Below threshold)
Scrapiron:

The post brought out the fact that all of the liberal posters on here are in fact sucking the tit of welfare or too stupid to have a retirement account and count on welfare when they get old.

I know a lot of people that have worked all of their lives at manual labor jobs and have their retirment accounts in the stock market. As a fact all of them have their accounts in the stock market. Some relatives that work 'manual' labor jobs have had their retirement accounts in the stock market for over 20 years and are now worth millions when they retire. They can and will retire without the benefit of tax payer provided welfare.
I also know a few suckers (democrats) that listened to Algore-abge in the mid 90's and bought WorldCom. They had to start over on they're retirement accounts in 2001 and/or get ready to go on welfare when they retire.
Stick a couple hundred a month in the market (tax free as 401's etc) for 25 years, even in mutual funds, and a working person can end up without worry in their 'old' age. The medicare prescription plan removed the one remaining thing that we had to worry about taking all of our retirement money, prescription drug prices. Plan people, like it or not even the dumb a** democrats will get old, that is if they don't get themselves and us all killed by surrendering to the Islamic religion of murder.

PaulI am afraid it... (Below threshold)
joe:

Paul

I am afraid it is you whom is deluded. Administrations are partly responsible for the handling of the economy, through economic and fiscal policy.

Sure enough, the Dow is heading towards the stars, but that is not the be all and end all! The dollar is weak, the housing market is getting weaker and economic data is pointing towards meltdown anytime soon! Continue to castigate the MSM as you call it, but mainstream media calls it as it is unlike the blogs who "report and comment" and I use these terms loosely on what they want to report. For instance when commenting on Iraq, blogs question the media's reportage on the atrocities and killings and neglect to report or show footage of so called "progress" that is for example, the opening of a new school in a Baghdad suburb!

The mainstream media concentrates on the big picture, sure they make mistakes, who doesn't? But blogs concentrate on the minutae and in doing so, loose sight of the big picture.

Enjoy the Dow's move for now, but dont come crying and start blaming the media and democrats when it all goes pear shaped!

Paul, apparently the leftie... (Below threshold)
WildWillie:

Paul, apparently the lefties, AGAIN, did not get the point of your post. Pathetic. ww

Dear Iraqwarwrong,In... (Below threshold)
DaveD:

Dear Iraqwarwrong,
Intelligence and wealth are not correlated but an intelligent man of modest means has the privilege of investing some of his money in a mutual fund and can experience some accumulation of returns he would not realize spending it needlessly or keeping his principle in a bank account. It doesn't take much effort at all to do this. He too may become a fat cat one day with enough intelligence, initiative and, yes, luck. But luck favors those looking for it. I am one of those of modest means and I am so tired of folks like yourself reflexively demonizing someone because he/she is wealthy.

DaveD & Paul, your wasting ... (Below threshold)
TR19667:

DaveD & Paul, your wasting your breath. The only way these trolls see the economy as being "good" is if Uncle Sugar or their evil coroporate employers gives them more dough. How many take advantage of 401ks or IRAs??? Quit smoking and use the $ to dollar cost average in the market. Don't buy that new car every two years, make it last another 5, put that $ into the market. Want a bigger piece of the pie???? Retrain/go to college and enter a career with greater opportunity.

In the end, no where in the world is the opportunity greater than here, just get off your ass and make it happen. Millions of us have.

>>economic data is pointing... (Below threshold)
John:

>>economic data is pointing towards meltdown anytime soon!

Stronger than expected manufacturing numbers came out yesterday. Housing has cooled, but that's after several years of booming growth. Prices, at least in my area, have dropped only marginally. Also, the middle class is heavily invested in the market through 401Ks and individual investing. The market is not a blue-blood phenomenon the way it was 40 years ago.

Paul: "EVERY bit of good... (Below threshold)

Paul: "EVERY bit of good news during the 1990s was credited to Clinton personally. Now every bit of good news is either (as you yourself noted) limited to 4 bland paragraphs OR they give 3 paragraphs on the good news and 5 on why it might turn south."

Giving us a link to a past story about stock market statistics that credits Bill Clinton -- which should be easy since you say "EVERY bit of good news..." -- would go along ways towards bolstering your argument -- but you haven't provided a single link that supports your basis for this slam -- ignoring for the moment that the slam is not justified in this instance anyway because the news report is just statistical news about the stock indexes.

Doesn't everyone remember t... (Below threshold)
_Mike_:

Doesn't everyone remember that this is a 'jobless recovery', the Democrats said so!

The worst economy since Hoo... (Below threshold)
TR19667:

The worst economy since Hoobert Heever....

We suck as a nation! We are... (Below threshold)
nikkolai:

We suck as a nation! We are the bad guys! Our economy is the pits! Doom and Gloom! Pestilance! More socialized medicine! Higher taxes!!!!Surrender to the Islamo-Nazis!!!!

Sincerely,

American Letist
(WE are becomming harder and harder to parody these days)

>>nikkolaiGiant wa... (Below threshold)
John:

>>nikkolai

Giant waves crushing New York! Cats and Dogs sleeping together!

nikkolai and John,... (Below threshold)
Jo:

nikkolai and John,

Bwhahahahahahahahahahah.......that was hilarious.

I'm just going to skip righ... (Below threshold)

I'm just going to skip right over the leftists that actually think economic indicators are pointing for a fall, just one small example: employers are expecting to be hiring more college grads this year as they try to staff up enough to handle their workload - something you don't do when you expect your workload to crash in 6 months. How delusional do you have to be to look at this economy, surging around blue chip industrials and small caps, and see a disaster ready to happen, but were surely glassy-eyed with mystified blissful awe at Clinton's prowess for an economy built on tech startups with business plans thought up by computer programmers that stayed up all night IRC'ing and coding?

What I will do is comment on the thrust of Paul's post: What surprises me isn't that they're not giving Bush credit, but that they're not giving Nancy Pelosi and team credit.

Read newsbusters.org on a d... (Below threshold)
Jo:

Read newsbusters.org on a daily basis and you will see how all the networks portray the economy. When they have no choice but to relay some of the good news, it's always done with a big "BUT".....every single time!

As Rush says, the democrats just cannot have the american people think anything is going well when they are not in charge.

Yeah Falze,I was t... (Below threshold)
P. Bunyan:

Yeah Falze,

I was thinking that too. At some point soon I expect that they will stop trying to ignore the fantastic economic recovery and start reporting on how it's all due to the leftist control of congress.

Here was Paul's assertion, ... (Below threshold)
_Mike_:

Here was Paul's assertion, Lee, since you seem incapable of reading comphrension:
Every scrap of good news was considered "another sign" Bill Clinton's economy was "robust."


Compare and contrast the tone:
NY Times article date May 3, 1997:


U.S. JOBLESS RATE HITS 23-YEAR LOW
US unemployment rate dropped to 4.9 percent in April, lowest level since December 1973; startling three-tenths of a point decline comes as factories record new peak in overtime hours and economy continues to advance at healthy pace; Pres Clinton hails strongest economy in generation

[emphasis added]


The current jobless rate is 4.4% - a full half point lower (that means better - for the witless trolls) than the wondrous time at which this piece was written.

Compare the above tone to the following piece:


U.S. Gains 108,000 More Jobs, but Pace of Growth Slows
[snip]
But while economic growth and job creation were robust last year, despite the mammoth destruction of Hurricane Katrina and soaring energy prices, analysts say Mr. Bush's policies played a relatively small role.

www.nytimes.com/2006/01/06/business/06cnd-econ.html?ei=5088&en=c4ba955110ebed94&ex=1294203600&partner=rssnyt&emc=rss&pagewanted=print

So, while Clinton 'hailed' the strongest economy in a generation, unnamed 'experts' give unprovided reasons and conclude that Bush has little to do with any current economic success.

KA CHING!!!!!!!Mik... (Below threshold)
Jo:

KA CHING!!!!!!!

Mike that was awesome. Liberals live in complete and total denial. They have to, or otherwise they would know how completely WRONG they are about everything.

Also, note the more subtle ... (Below threshold)
_Mike_:

Also, note the more subtle slight from above...

It's President Clinton and Mr. Bush.

Great job, President Bush! ... (Below threshold)

Great job, President Bush! I love the tax cuts.

Now if Bush would just say ... (Below threshold)
JLawson:

Now if Bush would just say FU to the IRS and enact the FairTax into law...

Oh, wait. That'd throw the bureaucrats at the IRS and all the tax apreparation services and tax accountants out of work. (Up goes unemployment by a full 1%.)

Never mind...

This is teh worst ekkkon... (Below threshold)
SourPussedPinchedFacedDems:

This is teh worst ekkkonomy evah; that's why millions are trying to emigrate here every year from all over the world. We're all dooomed!!

So, while Clinton 'haile... (Below threshold)
Brian:

So, while Clinton 'hailed' the strongest economy in a generation, unnamed 'experts' give unprovided reasons and conclude that Bush has little to do with any current economic success.

Nice comparison of incongruent things. Clinton "hailing" the economy simply means he was commenting positively on it. That wasn't the NYT giving him credit for it. Bush has "hailed" many things in Iraq that weren't his doing (and avoided comment on many things that were). All presidents do it.

Poor little Sock Puppet Jo. Sitting there waiting for someone to make a point, then jumping to latch onto it. Only to be left stranded with no original thought of her own when that point is torpedoed.

Who is bitching about the p... (Below threshold)
Rory:

Who is bitching about the price of gasoline?

When your last super-hero Dem President-[besides Clinton]-Carter was in office we were waiting in line for it.

Your heroes the Europeans-the one's you always want to emulate-what do you think THEY pay for a gallon of gas-? [make that-litre]

You know why you might be paying more?

Would there be environmental impact taxes added?

Would there be a curb on refineries-because of the NIMBY crowd?

How about drilling? Alaska, the Gulf.

On top of complaining about the price of gas you have the audacity to do the no blood for oil chant.

You selfish -liberals. Then you bitch because the President hasn't asked YOU to make any sacrifices for the war effort.

Why not be a self starter in that department and simply STOP BITCHING? Would that be too much to ask?

Finally-what the hell do you think will happen to gas prices and the stability of that market when we pull out of Iraq-according to your schedule or "plan"? Handle that "inheritance" let your new heir apparent Hillary or Obama reap that wind. It's not like you'll give a damn about the loss of life-never bothers you when a Democrat is in charge of The Executive.

Brian:Nice compar... (Below threshold)
_Mike_:

Brian:
Nice comparison of incongruent things. Clinton "hailing" the economy simply means he was commenting positively on it. That wasn't the NYT giving him credit for it. Bush has "hailed" many things in Iraq that weren't his doing (and avoided comment on many things that were). All presidents do it.

Yes, Clinton was simply 'hailing the economy as in saying 'hi' was what the author was attempting to convey. If Clinton was simply saying 'hi', why mention him in the article at all ? There wasn't any mention of Clinton saying nice things about the economy in that article. No quotes. Nothing. The fact is the author was showering praises on the economy and attempting to tie it to Clinton.

Compare that to the excerpt from the '06 article. The economics stats cited in the first article (jobless rate) are similar but the author is sure to point out the unnamed 'experts' using unspecified rational assure us that Mr. Bush had nothing to do with it.

Yeah, the articles don't show any favorable bias for Clinton and against Bush. Uh huh.

_Mike_Wlecomed to Br... (Below threshold)
LoveAmerica Immigrant:

_Mike_
Wlecomed to Brian 's league (less than honest troll). He is here purely to spin.

Not only that the economic ... (Below threshold)
LoveAmerica Immigrant:

Not only that the economic conditions for Bush are far tougher compared to the economic conditions under Clinton.

Clinton inherited an economy on the upswing and the peace time dividend from the Cold and Gulf War. So he could afford to do REAL cuts in the defense budget (not just reduced the rate of growth). Oil price was low. Market expectation was "easy" (eg. the internet bubble).

Bush inherited an economy in recession, then 9/11 and the Iraq war. Oil price is much higher now. Seems like the tax cuts are working.

Mike, LOL!Poor Bri... (Below threshold)
Jo:

Mike, LOL!

Poor Brian. He just can't accept the truth. (picturing Brian as that monkey with his hands over his eyes) Me monkey no see nutin......bwhahaha..

Love it.

P.S. Mike I notice Lee never got back to you after your "evidence".... bwhahahahahahahaha

Man, I love this blog. :)

O/T but I keep hearing on t... (Below threshold)
Jo:

O/T but I keep hearing on the blogs how good Mitt Romney was on Leno last night, and I watched a clip and he was very impressive. Here's the link


http://powerlineblog.com/archives/017523.php

Hi, Sock Puppet Jo! I see y... (Below threshold)
Brian:

Hi, Sock Puppet Jo! I see you're trying to be clever! Keep practicing, you'll get there. Maybe you can get some of your sock puppets to help you out in the next new thread? But I guess you'll need to wait before you can find a post to latch onto. In the meantime, I think someone just posted on another thread. Why don't you go there and post "Love it! Bwahahaha!" a bunch of times?

Notice how Brian was forced... (Below threshold)
Jo:

Notice how Brian was forced to change the subject.

Bwhahahahahahah

Love it.

Also, note the more subt... (Below threshold)
Taltos:

Also, note the more subtle slight from above...
It's President Clinton and Mr. Bush.

This is incredibly common from the left and has always iritated me. I mean stop being a punk and show some respect once in a while.

A simple fact..until you ca... (Below threshold)
nogo postal:

A simple fact..until you cash out..the stock that is a part of your portfolio is not money...

Yep I am sure folks with stock in Shell are happy...but so many paying $3.00 a gallon are not..

If the number of folks with money involved with the market that could cash out were significant than more people would be happy...

With foreclosures and credit card debt..more and more realize they are one lay-off and 2 months unemployment from being in serious trouble...

With the "buy low..sell high" you all selling?
...oh thats right most employee plans only allow you to switch funds...not..you know cash out...

Is there no one here who watched NASDAQ almost hit 5,000 before it dropped below 800?

The fact that this great economic news is not a factor is fewer and fewer people can "cash out"
It is good news for those retiring this year...

Hey underscoreMIKEunderscor... (Below threshold)

Hey underscoreMIKEunderscore - you didn't include a link to the first New York Times story - do you have it handy?

nogo:With ... (Below threshold)
_Mike_:

nogo:

With the "buy low..sell high" you all selling?
...oh thats right most employee plans only allow you to switch funds...not..you know cash out...

Actually, most plans allow you to change to either a money market fund or a 'stable value' fund both of which are essentially 'cashing out' without the tax consequences. You 'cash out'. I'll stay invested. Let's check back in 10 years.

Also, I missed this..
civil behavior:
MP3 report quashed by "executive order".
ROFL! I think you mean M3 unless you're referring to P2P music sharing...

Notice how Brian was for... (Below threshold)
Brian:

Notice how Brian was forced to change the subject.

Nope, just following your direction, Sock Puppet Jo! Speaking of changing the subject, how was Romney on Leno last night?

Oh, and thanks for following my instructions and posting your trademark catchphrase above. Your training is coming along very well! Love it!

Hey underscoreMIKEunders... (Below threshold)
_Mike_:

Hey underscoreMIKEunderscore - you didn't include a link to the first New York Times story - do you have it handy?

You can find it here:
select.nytimes.com/gst/abstract.html?res=F00F15F93C540C708CDDAC0894DF494D81

>It's President Clinton ... (Below threshold)
Brian:

>It's President Clinton and Mr. Bush.
This is incredibly common from the left and has always iritated me.

Ah, yes. Another made-up "liberal media" scandal from the right.

No, but the Bush economy wa... (Below threshold)
John Roberts:

No, but the Bush economy was based on something worse...the housing bubble. Whats it based on now? You're not doing well if you are up to your eyeballs in debt. We can't even balance the budget, not to mention pay off the National Debt. We've lost whole industries to overseas labor markets. What we have here is a combination problem. The first part is Bush's bad policys, and the second part is Federal Reserve manipulation of interest rates and the whole economy from that. Deficeit spending has gone through the roof, and that my friends reduces the value of the dollar. A devalued dollar causes inflation, and inflation sucks the money right out of your wallet. Then add the job losses, and things begin to get tight. Then throw in skyrocketing property taxes, because most houses appear to be worth a fortune now, not to mention most people grossly overpaid for their house and have that fat mortgage to contend with every month. Its not a pretty picture. It gets worse.... Now factor in ballooning oil and electric prices, hey their all getting in on it, why not? High energy prices damage economys. Everything moves on trucks, boats and planes, higher oil prices cause the cost of goods to go up, and that hurts you right in the wallet. Not to mention high electric rates cause the cost of running your business to increase, leading to... you guessed it, higher prices, all adding to the overall rate of inflation. Of course if you are a believer in the headlines, they'll tell you we're doing great. Low inflation. Thats a total lie. Why do you believe them? Because they told you so? LOL! Look around you, everything is increasing in price. Medical Insurance? No breaks there, its almost criminal. But its all tied to wages. Wages are your ability to pay for it all. Yes, most of us are making more now than we used to, but whats wrong with this picture is wages have not kept up with inflation. The housing bubble was the best example of this. It outpaced wages, and housing is your biggest expense. As far as left over money at the end of the month goes, now you have a smaller piece of the pie, compared to your parents, even though you make more than they did. They still did better. College costs? Forget it. Its no mystery folks, its called INFLATION, whether they wish to acknowledge it or not. I don't blame it all on Bush of course. Bush seized power, I mean came to power, during an economic downswing, in fact both Bushes had the misfortune, or bad timing, to hit on a downward cycle. But the question is, whats Bush done, {thats worked} to improve the economy? Hey, even Reagan knew cheap energy lead to economic prosperity.
Just keep reading the headlines, and believe everything they tell you, because the media and our government would never lie. Liberal do not control the press. A huge percentage of media sources are owned by conservatives. Remember Radio Free Cuba, the propaganda broadcasts designed to influence the Cuban population towards the so called free world? Are you so sure they wouldn't use the same tactics here? Whats Rush call his show? Stop believing in the inherent goodness of America, because its all crap.

Mike - so that was Presiden... (Below threshold)

Mike - so that was President Clinton stating that the economy was strong - not an instance of the media stating the stock market was up because Clinton was doing a good job, as Paul stated (and that was my challenge).

Here's what I asked: "Giving us a link to a past story about stock market statistics that credits Bill Clinton -- which should be easy since you say "EVERY bit of good news..." -- would go along ways towards bolstering your argument."

Watching you and Jo do your little "happy happy chicken dance" has been fun, but you haven't really answered the challenge by finding an article that merely quotes Clinton as saying the economy is strong.

"Pres Clinton hails strongest economy in generation" doesn't cut it, but thanks for trying!

Oh, and I forget "BWHWHWHHHAHHAHHAAHHAA"

Damn, that hurts my throat...

Gee Billy Bob, I hate high ... (Below threshold)
John Roberts:

Gee Billy Bob, I hate high taxes too, but Clinton raised them, and by todays standards, the economy boomed. Of course it wasn't really healthy growth. It was all fueled by Fed manipulation, and easy money creating the impression of wealth. That impression caused the run up of the stock market,as everybody got "get rich fever" and the eventual 9 trillion dollar bust, and the housing bubble too, which is in large part responsible for the economic woes that the average American family is feeling right now. Know anybody that doesn't have maxed out credit cards? No disipline? Try no money. Their all secretly hurting. Sure, a lot of consumer goods have held the line pricewise. That is if you don't mind the reduced quality of shoddy Chinese made goods. Made in the USA used to mean quality, Made in China is associated with garbage. Thats what the average US Dollar buys now. Its all crap....

Watching you and Jo do y... (Below threshold)
_Mike_:

Watching you and Jo do your little "happy happy chicken dance" has been fun, but you haven't really answered the challenge by finding an article that merely quotes Clinton as saying the economy is strong.

Sorry, chump, the article does not quote Clinton. Nice try though.

Hey they change the standar... (Below threshold)
John Roberts:

Hey they change the standards for determining joblessness. If you ran out of unemployment benefits, you no longer count as jobless. But thats old news. They always manipulate numbers. If you got outsourced and lost your $50,000 a year job and was forced to go work at Walmart for $20,000 a year you are considered employed and are reflected as good economic news rather than bad. Meanwhile, you loose your house, your car, your self respect.... Welcome to the Bush Error!

And no, I'm not a Democrat. I even voted for the clown Bush in 2000. Bush fancys himself a Texas cowboy, but he's afraid of horses and most farm animals! LOL!!

Ah, yes. Another made-up... (Below threshold)
Taltos:

Ah, yes. Another made-up "liberal media" scandal from the right.

1.) Who said anything about the media?

2.) Who said I'm on the right?

John, Nice try to i... (Below threshold)
LoveAmerica Immigrant:

John,
Nice try to improve Brian 's league

A huge percentage of media sources are owned by conservatives.
I will be happy to close ABC, CBS, NBC, CNN, PBS, MSNBC, NYT, LAT, Chicago Tribune, Phil Inquirer ... This would be a good start in getting rid of these "conservative" sources. Other liberals, please chime in on how to close these "conservative" sources.

They always manipulate numbers.
Like inflating the GDP by 20% in 1999 to fool the market. AT least we have an agreement that the 1990s economy was an illusion. The market expectation now is much tougher. Anyone who is trying to start a business and get investment would know how tough it is now compared to the 1990s.

but Clinton raised them, and by todays standards, the economy boomed
The economy boomed after 1998 when the Reps took control of the house and held taxes in check. A little fine details. If Hillary 's care became the law, not sure where the economy was. The tax cuts now sure seem to help a great deal given the effect of 9/11 and the GWOT.

Stop believing in the inherent goodness of America, because its all crap.
When are you going to move the liberal utopia of Cuba or Europe (a little less ideal compared to Cuba).

Meanwhile, you loose your house, your car, your self respect.... Welcome to the Bush Error!

If everybody is getting poorer, who are paying the taxes to reduce the deficit this year?

Mike, I'm too tired to do t... (Below threshold)
Jo:

Mike, I'm too tired to do the chicken victory dance again, but I'll ^5 ya. :)

This is fun.

Jo, Mike is really ... (Below threshold)
LoveAmerica Immigrant:

Jo,
Mike is really good and he can write much better than I.

1.) Who said anything ab... (Below threshold)
Brian:

1.) Who said anything about the media?

The quote you were commenting on was from the NYT. Last I heard, they were the media.

2.) Who said I'm on the right?

The quote you were commenting on was from someone on the right.

Hi, Sock Puppet Jo! Or mayb... (Below threshold)
Brian:

Hi, Sock Puppet Jo! Or maybe you should start calling yourself Sucker Fish Jo, since all you seem to do is swim around _Mike_ and shout "bwahaha!" whenever he makes an argument. Well, if you don't have the talent to make a point of your own, just leech off someone else, I guess. Hey, maybe you and your sock puppets can leech off each other! Love it! Bwahahaha! ^5! You're right, this is fun!

The quote you were comme... (Below threshold)
Taltos:

The quote you were commenting on was from the NYT. Last I heard, they were the media.

I wasn't commenting on the quote, I was commenting on the tendancy among those on the left to refer to the president as Mr. Bush.

And just a note on the link you posted up there, if you check the dates they're all in 2001 so while it's still technically wrong, it's not as egregious a case.

"Sorry, chump, the artic... (Below threshold)

"Sorry, chump, the article does not quote Clinton. Nice try though."

The quote you provided says "Pres Clinton hails strongest economy in generation"

Look up "hails". Then try again to find an article that supports Paul's thesis - obviously Paul couldn't find one, and now it appears with all of the searching you did that you can't find one either.

I love it when you guys prove my point for me. Do I owe you money?




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