MSM Obsessed with Recession: Shumer Relieved

CULTURE WATCH, Volume 23
by Nancy Morgan
Right Bias

"Listen to me, dammit!"


As we head closer to the election, Democrat's efforts to talk down the economy have intensified. Obama declared Saturday "there is little doubt we've moved into recession."


Memo to Obama: For the record, a recession is defined as two quarters with negative growth. We haven't even had one quarter with negative growth so - its official. We Are Not In A Recession.

Sen. Schumer (D-N.Y.) took the campaign to downplay the economy a step further. Federal regulators claim comments and a publicly released letter from Sen. Schumer, raising concerns about Indy Mac Bank's solvency, caused depositors to withdraw more than $1.3 billion from their accounts. Which resulted in it being seized by federal regulators, in one of the largest bank failures in US history. Thanks, Chuckie. Next step: Blame Bush.

Big news you may have missed. The Iranian missile tests that pushed up the price of oil last week were faked. A fake photo released by Sepah News (Iranian News) turned up on the front pages of LA Times, BBC, NY Times,..well, you get the idea. Turns out the pictures were fauxtography. Oops.

GOOD NEWS:

There was so much positive news out of Iraq last week (unreported by the old media) that I don't have enough space for all of it. I write about it in my new column 'We Won.'

More bad news for the New York Times as their stock hit a 10-year low last week after another downgrade. I'm smiling.

In case you haven't yet heard, the earth is not melting. The journal Science published a seventeen year study of Greenland's ice sheet that flatly contradicts all such hysterical claims. Space and Science goes further showing that the earth's cycle of global warming has ended and the earth has entered into a period of global cooling.

A proposed law in Fremont, Nebraska aims to make illegal immigrants, well, illegal. The left is outraged. Yawn.

Unless a judge intervenes, South Carolina (my adopted state) will begin issuing faith based license plates. Apropos of nothing, a federal judge has thrown out former California congressman Gary Condit's defamation lawsuit against Dominick Dunne. Remember Chandra Levy?

GOVERNMENT AT WORK:

Democrats are standing firm on keeping Americans from drilling for oil, which we have in abundance. This, despite a Pew research poll which shows fully half of all Americans now support drilling - up from 42% five months ago.

Congress tucked $277.9 million worth of pork into the appropriations bill it passed before leaving for the fourth of July holiday. That's a 122% increase over last year's bill. California has made it mandatory for cars to be labelled with 'global warming scores'. Rasmussen reports that congressional approval ratings are now in the single digits - for the first time ever. Just so.

CULTURE:

The Green Party has picked Cynthia McKinney as their presidential pick for 2008. Dog meat has been taken off the menus in China in preparation for the Olympics.

Barbara Walters celebrated the fourth of July with Syrian dictator Assad. She described this anti-American tyrant as charming and intelligent. Random House is set to release a nasty, fictionalized Laura Bush book and the Seattle Opera has decided to designate Friday nights as lesbian-gay-bisexual-transgender nights. Meanwhile, Massachusetts has decided to 'expand' gay marriages. Lovely.

More good news for gays as McDonald's takes up the rhetoric of gay activists, suggesting that anyone that opposes same-sex marriage is motivated by hate. Next thing you know, Ronald will be coming out of the closet. No more Big Macs for me.

Speaking of food, world leaders at the G8 summit dined on a six-course lunch, followed by an eight-course dinner as they gathered to address how to address world hunger. Snack on that.

PC MADNESS:

Plans in Britain to clear undergrowth from a gay sex spot have been branded as discriminating against gays and British toddlers who turn up their nose at spicy food from overseas could be branded racist by a government agency. A British airport has advertised for an air traffic controller. All applicants are offered an application pack in braille.

The American Medical Association is issuing a formal apology for past racial discrimination. Mea culpa. No cure yet found for the newly discovered syndrome of brown nosing.

ESSENTIAL TRIVIA:

According to a new study, the last quarter century has seen a dramatic increase in the frequency of sex among the 70 year-old set.



Scientists in Argentina are strapping plastic bags on cows in order to better understand the effect of cow flatulence on global warming.

Play Stations, new kitchens and art classes are part of Saudi Arabia's soft, squishy approach to rehabilitating terrorists. Barack Obama graces the cover of Rolling Stone, for the second time. Looks like the new messiah is now also a rock star. Sigh. A computer system called Polaris outperformed some of the world's top poker players at a human-vs-machine competition in Las Vegas.

Check out trailer for the movie environmentalists don't want you to see. 'Not Evil, Just Wrong.'



IDIOT OF THE WEEK:

We have another tie this week. I can't figure out which guy is stupider: Representative Edward Markey (D-Mass.) who told high school seniors that climate change had caused Hurricane Katrina and the conflict in Darfur or:

L.F. Eason III, a 29-year veteran of the state Department of Agriculture who quit his job rather than fly the N. Carolina flag at half mast to honor Jesse Helms.

Or maybe the surfer dude in New Smyrna beach in Florida, who knowingly surfs in the shark-bite capital of the world. So many idiots, so little space.

Till next Monday, keep smiling,

CULTURE WATCH, Volume 23
by Nancy Morgan
Right Bias


This column is dedicated to Tony Snow. A good man.

images:
* customers rock; right bias

Recession, Recession Recession Drum Beaten by MSM

Mainstream Media reporters latch onto the "recession" meme

No one expects the talking heads of the Mainstream Media to be rocket scientists.

Not many expect them to be able to spell "rocket scientists" without a spell checker.

But when the MSM start on a political meme, they do have enough smarts to repeat it.

And repeat it.

And repeat it.

So it was when Bill Clinton was shilling in the 1990s for higher taxes. The meme then was "deficit". Endlessly, we were told that higher taxes were needed for the deficit. "The deficit" couldn't be cured by cuts--at least if one listened to the MSM view of things then--only by Clinton's proposed tax hike.

The tax hike became reality and suddenly--poof!--the deficit talk vanished from the MSM.

So it is today with "recession". Everywhere you flip a page or channel in the MSM, the "recession" looms. It's reminiscent of the 1992 election, when "recession" and "hard times" dominated the airwaves--until Bill Clinton was elected.

Then all such talk disappeared.

The recession's become an obsession.

According to Robert Samuelson:

We are all waiting, it seems, for the next recession. Everyone knows that the business cycle hasn't been repealed, and so another recession is inevitable sooner or later. Some indicators now suggest that it might be sooner. The Conference Board's Consumer Confidence Index has declined for three straight months. In March, 30 percent of respondents said jobs are "plentiful"; now that's only 24 percent. All this inspires much hand-wringing and foreboding, because in our political and media culture a recession is regarded as a calamity, or something close to it.

Amy Menefee, managing editor of the Business & Media Institute, discussed the media's obsession with recession on "Fox & Friends" on April 2.




Obsession is "recurrent and persistent thoughts, impulses, or images that are experienced as intrusive and inappropriate and that cause marked anxiety or distress."

Do the Mainstream Media reporters and anchors and writers have a Recession Obsession?

Turn on a MSM channel or pick up a MSM print copy and then render your judgment.

One thing the MSM ought to keep in mind, though.

An obsession is a mental disorder.

by Mondoreb
Source:
* The Mainstream Media's Recession Obsession
* Obessive-Compulsive
* The Recession Obsession
* Our Great Recession Obsession


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Bob Herbert: Economic Knowledge? What Economic Knowledge?

Bob Herbert says, "If it looks like a recession and feels like a recession ..."

To which anyone outside the cozy idealogical confines of the New York Times might be forced to take him by his shoulders and gently shake the man from his dreamy trance-like state. Herbert, is positively Cayce-esque in his ability to pull back the curtains of financial uncertainty, all while sitting in his office.

Nothing will reduce a thinking man to uncontrollable laughter faster than a journalist spouting economics. Thus, Herbert's "Recession? What Recesssion?" is a masterpiece of the genre.

“We have an economy that is based on increased debt,” said Mr. Hinchey. “The national debt is now slightly above $9 trillion, and ordinary working people are finding that they have to borrow more and more to maintain their standard of living."

“The average now is that people are spending close to 10 percent more than they earn every month. Obviously, that can’t be sustained.”

And the grand finale.

The chickens of our denial are coming home to roost with a vengeance. Meanwhile, the elites are scouring the landscape for signs of a recession.

Using such well-known economic terms as "gross domestic product" and "Consumer Price Index", Herbert continues his financial doomsday show, and one imagines the entire New York Times newsroom waving their lighters in the air at the finish.

"Look everybody! Bobby's gonna do his economics thing! Gather round!"

Herbert is as accurate a seer on the economy as he is on the war in Iraq and most other issues. When "Bush?" is the question, Bob's favorite answering mood is despair.

Who knows? Herbert's bound to get one right some day. This one could be it. If he is right, the New York Times will most likely have a party.

Then, maybe Bob Herbert can do his "Economic Wizard" routine again.

by Mondoreb




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