A CALL TO ACTION

More Good News Not Fit to Print (part II)

            A recent op-ed piece which I recently read made light of how the leftist press goes out of its way to print any bad news of analysis about the economy before an election. They joked that every time a NYT economics columnist wrote an article about what terrible shape the economy was in the NY Stock Market would go up the next day. I do not know if you are aware of how strong our economy is (you certainly could not based upon the coverage the HJ provides) so I will mention a few facts. Unemployment has hit a five year low currently at 4.4 percent. Over 1.6 million new jobs have been created since 2001; inflation is still low with personal income rising significantly during that same period and do not forget record NY Stock exchange performance.

            Yet in the HJ two articles have appeared in the last month which take good economic news and make it sound really bad. The first occurred three weeks ago. It pointed out the previous quarter had not seen the predicted performance and made it seem like the economy was has stalled. In today’s HJ (11/3/06) an article pointed out that personal income had increased approximately 2% but spun the whole article with the fear that this would lead to inflation. So if workers wages haven’t kept up with inflation (which leftist columnists often claim by using unrealistic figures for inflation) then that is really bad, but if workers wages have increased significantly then this is really bad because it could lead to inflation.

            This reminds me of a comment with LBJ made about the press. He lamented about how the press always managed to find fault with whatever he did by saying that he were to walk across the Potomac the press would complain that he couldn’t swim. I think he had a point.

Peace