'Trash-Talking Our Way into Recession'

Photo of Amy Menefee.
By Amy Menefee | November 29, 2007 - 14:37 ET

NewsBusters.org - Media Research CenterCan the media talk a recession into existence? I wrote yesterday about journalists' endless repetition of the prediction. They've been mentioning it almost once a day for the past month, despite the Federal Reserve's declaration that '08 would NOT see the r-word. Even The New York Times ran the headline "Fed Expecting '08 Slowdown, Not Recession" (November 21)!

But I'm not the only one who's noticed. Chris Pummer of MarketWatch wrote a scarily similar story the same day highlighting Starbucks as an economic indicator, Christmas shopping pessimism, and distortion of the Fed's we-will-not-have-recession-in-'08 report. Pummer says we're "needlessly skittish." The Business & Media Institute couldn't agree more!

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I don't think even they have

I don't think even they have the power to "talk" us into an actual recession. However, they can create the illusion and perception of one just to affect the election -like they did back in '92.

silly canard

The MSM is certainly a broken clock, but as the saying goes, even broken they are right two seconds during each day (0.002% of the time). No one has the power to "talk" us into a recession or "talk" us out of one. But this ridiculous and ever more widely heard canard shows the folly of even honestly trying to explain what is happening b/c 95% will blame you for what was set in motion long ago and can't be stopped.

BTW, for anyone interested (I suppose you could start reading up on the events leading to the tech bubble), but you might get up to speed faster by reading up on the Fed cutting and keeping interest rates so low for so long early this decade, then look at lending practices (from credit cards to mortgages to HLTs), then look into the development and structure of credit derivatives (like CDOs, CMOs, SIVs, CDO-squared, CDO-cubed, etc. etc.) over the last decade or so and generally the securitization of debt. Other topics, wealth vs. credit, consumer economy, inflation, deflation, interest rates, monetary policy, manufacturing base, import/export, ...

Article relevant to the

Yes, to a small extent

Not sure if it will tip us into a "recession" but the low Consumer Confidence numbers can be directly traced to the 4 years of economic bashing from the liberal MSM. So, to the extent that the economy is driven by consumer spending, they can have an effect.

 



The day that "politician" became a career choice is the day we started losing the Republic. Let's get it back!  Fred08.com

And have you heard

the commentators...one after another...REGARDLESS of the best "Black Friday" shopping $$ and REGARDLESS of the best "Cyber Monday" shopping $$, it's going to be a baaaaaaaddddd shopping season.   Makes one want to PUKE!

For the past month? Try the entire year...and before

I remember watching some 'expert' talking head say that this was going to be a down year for the economy at the beginning of the year. Seems like I heard the same thing at the beginning of 2006....and 2005....and 2004....

Wishing

They are reporting what they want to happen!

Recession

I have tried to point out here to educate people that America has been in a recession since 1999. What caused the recession was 2 matters.

1. The Rockefeller and Rothschild cartels went into South America and destroyed the free economies Ronald Reagan created there by offering low interest loans, then spiking them and creating bankrupt nations. They did the same thing to US agricultural states in the Carter years to reap profits Nixon created on farms.

2. The Clinton retroactive tax which effectively throttled the Ronald Reagan economic expansion.

This 1999 recession which George Bush inherited and when the communists aided bin Laden to attack America on 9 11 they tried to initiate a worldwide depression.
This depression was headed off by Bush 43 dumping all the Clinton tax money Clinton confiscated and opened up the Rockefeller Fed Reserve printing presses. All that money had to go somewhere besides the war and was dumped into the housing bubble which was created.

The net effect of this inflation machine was a worldwide depression and recession was stopped. George Bush deserves full credit for stopping the greatest eonomic catastrophe since 1929.

The problem is as bin Laden has spoken of now is these cheap dollars are indeed causing a worldwide recession as the cartels intended. As of last week the European banks were dumping billions of Euro's into the market to try and sponge up assets in oil revenues against a weakened dollar.

The dollar is indeed under attack by the cartels and world communits and Islamocommunists.

Just because this "fake money" is being dumped yet into stock markets and housing markets to keep banks from failing does not mean there is not a recession even though expansion is occuring. An economy will always expand even in a recession if someone is dumping billions or trillions of dollars into it.
Milton Friedman gave Donald Rumsfeld holy hell when Rumsfeld was running Nixon's eonomy when Nixon was running price controls due to his opening the printing presses. Rumsfeld was creating all these tax breaks to stimulate the economy and Friedman chewed him out telling him, "STOP DOING THAT OR PEOPLE WILL THINK PRICE CONTROLS WORK!"

So there can be false expansion even in a recession which has been going on.

America needs to create a sound economic policy as I have posted here a number of times detailing the simple and effective measures which would drive this to create America from a debtor state to a lender nation again. There is absolutely no reason Americans in 2008 can not taste the same boom time America had during the 1950's with an even greater peace. This time while the Eurasians blow each other up in WW III.

Certainly the MSM wants Americans scared in their terms of recession to bring abou the Rockefeller North American Union and convert from the Dollar to the Amero ( I will warn here that Americans will be screwed out of their dollars in an Amero Dollar transfer. The Amero will be over valued, the Dollar under valued and when they entire process is complete under mandate the Amero will drop 30 percent........which means the Rockefellers who print it for nothing will gain 30 cents on every Amero.

Think of it as buying 1 million dollars and over night earning over 300 thousand on that million.)

America must get off this inflation creation of fake wealth and get back to a real dollar which is sound and wealth created by production and raw resource creation. This is how to stop the recession and it is how to stop America from being sucked into a Eurasian World War which is coming.

I hope someone will listen.

 

 

*HIC IACET ARTORIVS REX QVONDAM REXQVE FVTVRVS

" I don't think even they

"
I don't think even they have the power
to "talk" us into an actual recession. However, they can create the
illusion and perception of one just to affect the election -like they
did back in '92."

Bingo! It's not about being right, it's about making the general public believe they are right.