Friday, December 16, 2005

It's the Stupidity, Stupid.

While I'm on the topic of good news... if the MSM doesn't care about and doesn't want to report on good news abroad, surely they will cover good news at home. Wasn't it Bill Clinton who ran for President on a platform of "It's the Economy, Stupid"? Well, here's some data: over the last ten quarters since Q2 of 2003, the U.S. economy has grown at the following quarterly rates

3.7
7.2
3.6
4.3
3.5
4.0
3.3
3.8
3.3
4.3

Not bad, eh? And these numbers, not coincidentally, come on the heels of President Bush's major tax cuts. This should be known as the Bush Boom, but I won't wait for the MSM to give him any credit for it. Nor will they give him any credit for the fact that, since May 2003 the economy has produced more than 4,460,000 new jobs. Instead, we will get bloviations about gas prices which, in case anyone hasn't noticed, have plummeted downward over the past few months. (Which is what prices do... they go up, signalling to suppliers to supply more and demanders to demand less, and they go down, signalling to suppliers that the demand is being met.... if prices didn't go up and down, you couldn't have a market economy. But don't expect this kind of basic understanding of economics to be expressed in the MSM either. Adam Smith isn't taught in the J-schools.)

There is a scandal in America. It's in the media. CBS, NBC, ABC, CNN, the New York Times, the Washington Post, etc., etc.... they all seem to be saying to Americans, like the cheating husband caught in the act, "Hey, you gonna believe me, or you gonna believe your lying eyes?"

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