The economy is about to dive off a cliff and it's all President George W. Bush's fault, according to The New York Times editorial board.
A January 2 Times editorial was pretty pessimistic about the economy in 2008, mocking Bush and forecasting doom.
"As 2008 begins, house prices are still skidding, bank losses are still mounting, oil is again flirting with $100 a barrel and consumers are buying less as prices rise," the editorial said. "To many, the wheels appear to be coming off the economy. To others, including President Bush and his aides, the economy is fundamentally sound and resilient."
The Times accused Bush of being in "denial" about pending disaster in the U.S. economy.
"Given that record, it is no surprise that Mr. Bush is now refusing to acknowledge the seriousness of the problems he has helped create. Americans don't need more denial," the editorial said. "They need an unvarnished appraisal of the nation's economy - including the politics and ideology that has driven it to this point."
In the Times editorial, the board mentioned a slowdown but didn't use the textbook definition of a recession to indicate "the wheels appear to be coming off the economy," which would be two consecutive quarters of negative economic growth as measured by gross domestic product (GDP).
Other print business media admitted there are risks out there but were not as pessimistic that the economy is heading toward inevitable destruction.
An article by Scott Patterson in the January 2 Wall Street Journal was optimistic, in fact, predicting five things to look for in 2008:
1. Stocks rally.
2. The housing market stabilizes.
3. Consumer spending remains solid.
4. Corporate profits accelerate.
5. Economic growth accelerates.
"In the third quarter of 2007, gross domestic product, a measure of the nation's total output, rose 4.9%, its strongest pace of growth in four years," Patterson wrote. "After an expected fourth-quarter hiccup, the economy could pick up the pace again, helped by robust growth in exports."
Editor at Large
Comments Policy
Cnvincing
January 2, 2008 - 18:31 ET by Jerry MackThe Msm could not convince us that the war in Iraq was unwinnable and now they are shifting to predicting a doomsday economy.
Short NYT: we're doomed, I
January 2, 2008 - 18:35 ET by zhombreShort NYT: we're doomed, I tells ya. Why can't ya durn fools see it? It's the end of the world!
the nyt is in a depression.
January 3, 2008 - 13:36 ET by ledgerhedgerthe nyt is in a depression. The economy is causing their circulation fall.
Bush is damned for one thing
January 2, 2008 - 18:35 ET by rbosqueBush is damned for one thing or another. The MSM is mearly trying to cause panic and a self-fulfilling prophesy. The economy is cyclical and should be left alone.
Strap yourselves in people.
January 2, 2008 - 18:38 ET by DaBirdStrap yourselves in people. We are in for an 11 month full court press (pun intended) from the media on how bad the economy is doing, regardless of how it is actually doing. All in an attempt to remind us that republicans are bad for the economy and the democrats are here to save us.
I agree; they have to have
January 2, 2008 - 19:02 ET by motherbeltI agree; they have to have an economy in the tank right now (does the phrase "the worst economy in 50 years!" ring a bell?) so that if a Democrat is elected, they can tout the "recovery." If a Republican is elected, look for talk of "cycles" when they can not longer claim it's hopeless.
Why...
January 2, 2008 - 18:39 ET by heldmywDoes anyone give credence to the NYT?
Their BDS, bias and lack of integrity have been demonstrated ad nauseum, and their record of accuracy is ridiculously low.
I recently stopped a colleague in mid-harangue as he was about to quote the Sad, Old, Gray Slut, and refused to accept the Times as a valid source for anything.
He's still blinking.
NYT...look in the mirror
January 2, 2008 - 18:44 ET by JayTeeand Restate your editorial.......
Given THE NYT'S RECENT DOWNTRENDING CIRCULATION record, it is no surprise that NYT is now refusing to acknowledge the seriousness of the CIRCULATION problems THEY haVE helped create. Americans don't need more denial," the editorial said. "They need an unvarnished appraisal of the nation's economy - including the politics and ideology that has driven THE NY TIMES TO LYING ABOUT THE ECONOMY to this point, AND THEN AND ONLY THEN MIGHT CIRCUIATION AT THE NY TIMES MIGHT IMPROVE."
March 15 2008 GatheringofEagles.org with MAF, FW, VFF, etc. will congregate in DC to Support Our Troops and Gen David Petraeus
The New York Times: In
January 2, 2008 - 18:50 ET by Chris NormanThe New York Times: In denial about anything good that may happen under this administration and denying their readers any news of it when it does happen.
NY Times is Pulling Economy Down
January 2, 2008 - 18:51 ET by WoodyMIf the management of The NY Times paid attention to its own house, it wouldn't make our economy look worse. Maybe they are in denial about the trend and future of printed newspapers or just want to blame President Bush when they have their next round of layoffs.
When George Bush talked
January 2, 2008 - 19:11 ET by motherbeltWhen George Bush talked about the slowing economy before the 2000 election, he was accused of "talking down the economy" for personal gain. But the NYT doesn't have any interest at all in having a stalling economy under a Republican President just before an election, right?
BULL Roar
January 2, 2008 - 19:04 ET by doug1950I just returned from running an errand to the local store and the parking lots were jammed, the store was full to the walls with shoppers. It has been like that for months. Like the Beltway mental midgets, the NYT isn't in touch with what is really happening around the country.
First off, when has NYT ever gotten anything important right? This is their attempt at "making this happen". Those s**t nozzles create the News, they do not report it. Is anyone still buying their rag?
A Change of Heart...
January 2, 2008 - 19:19 ET by SyriusHappy New Year to all,
As you can tell I'm pretty new to this
site. One of my first posts was bashing all of you on showing the
stereotypical narrow & simple mindedness of the righteous right. I
was trying to warn you not to feed the left wingers. Some of you piled
on labeling me a liberal. I got tweaked. I started to get angry. I
pushed back trying to lash out at those pushing my buttons. You
kept piling on. I was calling some of you horrible names such as
Blonde and more. After carefully thinking about how to approach this
site, I realized I can say anything about the leftwingers without
getting censored. This is fantastic. I was pushing back in the wrong
way and started to get my comments and postings edited. I was asking
questions I knew were too hard to answer b/c they would venture into
huge grey areas such as "What is Art?" to my friend RJ (I should have
known with her being a girl she would have known art! You Go Girl!). I
even tweaked some of you on abortion issues knowing full well that the
unborn/ almost born/ fetuses would be fully supported at some point in
their lives by some christian church that is willing to step up to
plate. And if the church wasn't being supported by its members that the
Gov't would help at some point(wink,wink). I'm a die hard fiscal
conservative. I'd like to reduce the taxes even more than they are now.
I'd like to see my gated community keep all of its money so I can have
a better quality of life. I have a problem with illegal immigration but
I live so far from the border it doesn't affect my property values. I
do think it will harm my country club in being able to keep the greens
looking nice. As for Global Warming/ Climate Change/ the Greening of
America with all the evidence by Al and his symPATHETIC cause ( I mean,
He & the UN won the Nobel PEACE prize for G**'s Sake!) you would
think there would be evidence to fight back. I've been thwarted with
all of the strawman arguments from my right wing supporters. I'm all
about better shipping lanes through the Arctic. Can't the NRA get a
safari together to shoot the wildlife up north? Without any wildlife to
protect we could drill the Arctic National Wildlife Refuge without any
opposition. So I look forward to more insightful comments and postings
& I'm glad to be part of the formation. Where's Leon?
Cheers!
Syrius
I
do want to apologize to botg for having the following tagline. (He's
shown me the way to enlighnment and this will be the last time in
having this as my tagline!)
"when i get something on my hand that smells like crap i don't need to taste it." botg
http://www.youtube.c...
I'm jealous
January 2, 2008 - 20:41 ET by OldSailor88I've never said anything stupid enough to get edited. You must be truly special.
Ecce potestas casei!
OS88
January 2, 2008 - 20:47 ET by botgindeed, much like his links (which revealed a certain fixation i refused to indulge in with him)
"Man created god(s) Anything believed was created by man"-Syrius
You are so right!!!
January 2, 2008 - 21:02 ET by Syriusbotg,
I was waiting to personally, in front of all of our friends, make amends for trying to call you
It was horrible & an awful spiteful thing to do to such a prolific poster. Since I'm new to the site, I know I'm to respect you for all of your positions (earlier I'd have commented on how well of a position you could hold in a stall but not anymore, my friend). I hope you'll grasp my hand and pull me up from the a$$kicking I've been receiving as of late. If you'd like I'll pucker up & support you anywhere. Give me a cause and I will follow you. I'm in formation ready to pounce on those naughty, dirty leftwingers!
Show me the way, my bro!
Syrius
And I just wanted to make sure to you I'm not going to list this tagline for the amusement of the critics so this will be the last time I use it for your behalf...
"when i get something on my hand that smells like crap i don't need to taste it." botg
http://www.youtube.c...
Oops, botg
January 2, 2008 - 21:15 ET by BlondeAnother fixated one....thank heavens you're the object this time, instead of me.
Good luck!
David Gregory, do you know which damn network you lie for? ~ Uncle Jimbo, @Blackfive
Strangely Blonde this new
January 2, 2008 - 21:18 ET by BlazerStrangely Blonde this new "fixated one" seem's awfully familiar.
"You will never find a more wretched hive of scum and villainy. We must be cautious. "
- Ben Kenobi on Liberals, and the MSM.
Quite, Blazer
January 2, 2008 - 21:23 ET by BlondeI'm guessing Dave High....Nightnoise, whatever.
David Gregory, do you know which damn network you lie for? ~ Uncle Jimbo, @Blackfive
Your first guess was
January 2, 2008 - 21:37 ET by BlazerYour first guess was mine.
"You will never find a more wretched hive of scum and villainy. We must be cautious. "
- Ben Kenobi on Liberals, and the MSM.
You got me again! How do you do it?
January 3, 2008 - 15:07 ET by Syriusbotg,
I don't know how you do it but it's amazing how the deleted lines just seem to be blank. I know I didn't put in the spaces, I'm wondering who keeps doing this to my supposedly idiotic posts?
I need to clarify something first & foremost, when I called you the it was brought to my attention that my definition for
was way off the mark & could be construed in a very upsetting & twisted way. My thoughts were in keeping with your prolific postings & how you always managed to choose the appropriate words carefully. I truly meant to define
I figured you would be able to hark & let us know when this will occur. I was wrong in my definition. I didn't know
I want to apologize for getting you so upset at the misinterpretation of my comment. I just didn't know I was making such an offensive remark to a person I respect so wholeheartedly. Please accept my apology for allowing you to get so upset. I will try not to get you so upset at my remarks again. Thank you for allowing to post this apology.
Your Friend,
Syrius
p.s. I'm not using your tagline about crap on your hand anymore and the video from youtube on "elephant eating poop". Did you know that it is not uncommon for them to do that? The mother that filmed it thought it was rather funny & you could tell her kids really enjoyed it in a weird lesson on the animals sort of thing. Would you allow your kids to watch something like that? Just asking...
botg: 1 syrius:
January 3, 2008 - 15:12 ET by Free Stinkerbotg: 1
syrius: 0
Newsbusters. Log on and find out What the heck is so yummy over here!
The New York Times is in the tank for Dems
January 2, 2008 - 20:10 ET by SupermanThe New York Times WANTS the economy to do poorly in 2008. The New York Times supports anything that will hurt Republicans and help Democrats. Regardless if it's exposing classified terrorist fighting programs or saying the word "recession" over and over again despite the best GDP in four years. There is a reason why subscriptions and stock prices of the New York Times are tanking. And this is it.
Rich have become richer...oh yea
January 2, 2008 - 20:31 ET by Gary HallRich have become richer...oh yea. Great stuff Jeff. Allow me add a picture here to highlight their own hypocrisy.
NY Times blames it on Bush yet again... "and the rich have become richer.."
Now take a look at this chart - in the NY Times - about the rich getting richer. The headline was "Not Since the 20's Roared."
You'll note that the article was prepared and published in 2005 -- but look carefully at the chart and the language in the attached description..
The data is about the Clinton boom-bust cycle, but the hate is pointed at none other than Bush. Would someone tie the Times Board to a chair, tape their eyes open and force them to stare at that chart for a few weeks - and the one below, as well.
The Times board says, "the seriousness of the problems he [Bush] has helped create." No No No No folks. Look at your own data in the chart (that vertical leap into the wealth ozone was before 2001, not after) - while the media went nuts promoting hatred of Bush when they saw your piece, the rich (and the CEO's) were racking it up during the late 1990's -- under the leadership of none other than Bill Clinton. With the collapse of the bubble economy during the last year [2000] of the Clinton era, these very same rich folks, and corporate America went south - way south. You bet - 5 years of good solid econmic growth under Bush, and eventually here, it will get back to where Clinton had it.
They love the greed under a Democrat and condemn it under a Republican - can it be any easier to see.
And one more - everyone in America understands that this ddid not happen under the great Bill Clinton. Clinton delivered fairness for workers, keeping corportate America under wraps (shhh - don't mention the corporate scandals and accounting fraud of the late 1990's) -- see, here's your proof. Or is that proof that liberals simply cannot read or see their own data, because of their internal bias? The op ed went on to spew it's false perceptions:
Let's review the facts, please. Advance the slide:
Got to love those Clinton years..
Bad, Gary
January 2, 2008 - 20:38 ET by BlondeShredding them with the facts.
That my friend, is not nice! Don't you know....it's how they feeeeel at the NYT?
David Gregory, do you know which damn network you lie for? ~ Uncle Jimbo, @Blackfive
Hey, it's the Paper of
January 2, 2008 - 20:43 ET by Chris NormanHey, it's the Paper of Record! Or is it a record of paper? Let me check on that...I'll be right back.
Begin the New Year - Blonde
January 2, 2008 - 20:42 ET by Gary HallThey are laying it on thick -- got to fight back.. thanks (;~>
Good Job Gary
January 4, 2008 - 04:49 ET by well99Nice graph unless your a shareholder.
They see their sales tanking.
January 2, 2008 - 21:57 ET by ZapThe New York Times sees their sales tanking and they conclude that the only possible reason for this must be that the economy is collapsing.
They see their sales tanking.
January 2, 2008 - 21:57 ET by ZapThe New York Times sees their sales tanking and they conclude that the only possible reason for this must be that the economy is collapsing.
MSM as Stock Predictor
January 2, 2008 - 22:18 ET by algoa456Time to buy stock. When the MSM touts an economic collapse and uses it to attempt to convince the American public that the only way out of the mess is a man schooled in an Indonesian Madrasa then you know 2008 is going to be a banner year for stocks.