Frank's video is shocking for its revelation of how Bush was slapped around and how every economic indicator during his tenure in the White House was deemed as obvious proof of the supposed though times we then faced. Yet now, every dismal indicator is celebrated as if recovery just around the corner. Under Bush the Old Media was sure the economy was a wreck, now the wreck proves we will surely be saved by Summer!
On his initial webpage, Frank added a few thoughts with his video in which he references some NewsBusters postings and personnel.
By the middle of 2003, a mild recession had ended and the economy turned around big-time, with the creation of hundreds of thousands of new jobs and whopping GDP growth of 7.5% in the third quarter. Yet month after month, the national media downplayed the good economic news with the dreaded “but,” as in “Positive economic indicator X was released today, but the economy is still in the toilet…” (Oh, by the way… George W. Bush was President back then.)
Of course, with President Obama now in the White House, the media’s economic coverage is the mirror opposite. As the unemployment rate skyrockets and hundreds of thousands of jobs are lost every month, the bad economic news is spun by Obama’s friends in the media: “Negative economic indicator Y was released today, but it’s not nearly bad as we’d expected, and besides, unemployment can be fun!“
As I watched more and more of this massive change in the tone of economic reporting recently, I decided to produce a little compare-and-contrast video. I did so not in the hope that the media will now start talking down a possible economic recovery the way they so obviously and unfairly did a few years ago, but just to shine some light on the almost cartoonish nature of media coverage both then and now. And maybe to convince a reporter or two to not ask Obama how enchanting it is to be President, and instead maybe ask him how in the world we’re going to deal with this chart.
All I can say is, great work Ed.
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Inflation can be fun, too!
June 9, 2009 - 09:39 ET by MAS1916Loved the line about unemployment can be fun!
Just wait until inflation ignites later this year. The Chosen One won't be able to blame this on the Bush administration, although he will try. Look for Obama to roll out reasons why inflation is good for the economy ( for a top ten list of the reasons Obama will say inflation is good, you can view: Inflation - Where Reality Impacts Rhetoric )
Inflation can be fun, too!
It's being more than charitable
June 9, 2009 - 10:00 ET by Paul Atreidesto say that the MSM engages in reporting; what they do doesn't rise to the level of a teenybopper fan-club newsletter.
This is something we all
June 9, 2009 - 10:05 ET by Six String SpiffThis is something we all know. Unfortunately, it doesn't look like it will change any time soon. Everything republicans do is bad, and everything Obama does is beyond epic. Blah blah blah... I hate the media. Democrats fight dirty. Republicans need to do the same instead of bending over every damn time. GOP needs to blackout the MSM. Leave them in the dark. No interviews. No nothing. They will only twist their words into something they are not. The left has their agenda. The right needs to stop it, and no amount of 'moderate' (I HATE that word) bi-partisanship is going to fix it. There are to types of people in this country: Patriots, and Domestic enemies of the Constitution.
Shades of Jimmy Carter
June 9, 2009 - 10:32 ET by UtherpendJust like Carter in the 70's they will not admit that the state of the nation is the fault of washington meddling in the free market.
"For a people who are free, and who mean to remain so, a well-organized and armed militia is their best security."
mas1916
June 9, 2009 - 11:30 ET by east tennessee johnmas1916 mentioned inflation. It's coming without a doubt. Price increases to pass on the increased income taxes; price increases due to cap and tax legislation; in many areas like utilities and food production and shipping; increased interest rates due to FED activity, increased rates because of the enormous growth in the money supply; increased interest rates because of lack of available capital in the markets due to financing the debt/deficits and the reduction in tax receipts. Comrade O has tried to destroy the market system by increasing government demand and entitlemenment programs and limiting the amount of capital available for the private sector to effectively launch a recovery.A classic example is government run healthcare. Where will the investment funds that insurance premiums from the private sector come from and how will they be replaced, and at what cost to the capital markets, when the government runs healthcare? Corade O not only tries to replace the private sector, he cuts off access to its means for development by sucking up or eliminating access to capital.
If you have the credit, and
June 9, 2009 - 11:41 ET by SnappyIf you have the credit, and can get the interest rate you desire, and fairly secure in your job... now is the time to buy those big purchases, get those interest rates and the low price locked in.... Inflation is going to explode, interest rates are headed through the roof and that $10k-$20k item is going to triple. The era of prosperity and financial freedom that you and I have been able to enjoy is OVER.... If you are just getting into the real world, I am sorry for you as you have a tough row to hoe and unfortunatly might never achieve the modest amount of success and comfort that I and my age bracket have. The bill is coming due and it is soon.
Snappy
June 9, 2009 - 12:00 ET by Six String SpiffYou are so very right, unfortunately...
I was just starting to enjoy life. Got married, settled down, wife and I had good jobs.. Then Obama got into office. I think you know the story from there.
I don't believe my ears.. I just heard an Obama official claim that 2 part time jobs = one full time job.
WOOOOOWW
Imagine Bush saying that? How frothy would the left get over that?
I thought I knew what fear was, but every day of the Obama administration is outdoing the last.
Islamic Religious Services Will Be Held at the Firing Range At 0800 Daily.
The reason 2 part times
June 9, 2009 - 14:15 ET by SnappyThe reason 2 part times equal 1 full time is that under 2 part times you will not be eligible for benifits ie health insurance... all to further his push to tax the health benifits those of us working a full time have, in order to create a larger class of those who dont have (and not just health care) so the govt can step in and provide all those services that we used to be able to work and provide for on our own. Thus creating an even larger and permanent govt supported voting class.
Rush was just on a rant about this
June 9, 2009 - 12:12 ET by Prester JohnWhere is the MSM reporting on the homeless and the hungry, you know, the stories they we saw continuously during the first couple years of Reagan?
With all the foreclosures, why haven't we heard about the supposed the millions of homeless in America?
Where are the stories about how the money BHO used to fly to NYC could've been used to feed some poor people in DC?
Etc., etc.
(crickets chirping)
"The Truth is Treason in the Empire of Lies"
www.campaignforliberty.com
The homeless are under the radart.
June 9, 2009 - 13:19 ET by sevenThey break into foreclosed homes and play the squatter lifestyle.
We have a near by soup kitchen that is adding a location and has doubled it 's number of meals per day since the election. With the boom in unemployment, it will double again. Obama has his hand in millions more homeless than katrina brought. I also realize he wants to cut charitable contributions deductions which really try to deal with the problem.
Good point. I had forgotten about....
June 9, 2009 - 13:40 ET by Prester John....BHO's buddies in ACORN who help squatters steal other people's property.
Why do I feel . . . .
June 10, 2009 - 01:01 ET by DoktorFranken. . . . like I'm staring into the eyes of a hypnotic frog every time I turn to one of the Hussein's channels (ABC, NBC, CBS, MSNBC, CNN, etc.)?? My mind is experiencing extreme exhaustion from the continual hyping of Hussein by the media. Perhaps I can claim some kind of Brain Bailout from the government.
This is a great video. I have sent it off to some of my Leftist acquaintances to see what their response might be. I need entertainment - fast.