hopperbach


What’s wrong with you consumers?
May 29, 08, 4:36 pm
Filed under: economy, media, MSM, recession | Tags: , , , ,

More bad news for financial armageddonists. The economy may be picking up again:

The new reading on gross domestic product, released by the Commerce Department on Thursday, was an improvement from the government’s initial growth estimate for the January-to-March quarter as well as the economy’s performance in the final quarter of last year. Both periods were pegged at a 0.6 percent growth rate.

Gross domestic product, or GDP, measures the value of all goods and services produced within the United States.

The first-quarter performance matched analysts’ forecasts and offered a somewhat encouraging sign because it showed the economy was still growing at that time. The figure didn’t meet a definition of recession, which under a rough rule is two straight quarters of shrinking GDP, and might raise hopes the country can dodge a full-blown downturn.

Certainly these GDP numbers hurt the overall GAD (gloom-and-doom) quotient that the media relies on so heavily. This is a bad omen for those on the left who who were counting on an election-year crash-and-burn.

I’ve always sort of wondered anyway… do we really have to have a recession just because the media tells us we’re going to have a recession? Experts will point to economic indicators and other impressive sounding jargon — and no doubt housing and fuel are having a negative impact and more jobs than usual are being lost. But I propose that the media itself plays no small part in affecting the psychology of the consumer and business owner.

In short, they peddle fear to the point that we become afraid to spend our money.

If that’s true — and I believe it to be — what we may be witnessing is a gradual waning of the MSM’s influence over us. They certainly don’t scare me anymore… especially after enduring their magnum opus of mass-hysteria called Y2K a few years back. Maybe people are wise to the press now. Maybe they have resolved simply to live their lives and ignore all the dire forecasts.

So what would happen if this really occurred on a mass scale? My personal prediction: the economy would boom and more people would be… well… happy. And Democrats would suffer mightily as their sacred doomsday propaganda arm started to lose it’s grip on their voter base (thank you, Senator… but we’ll make our OWN “change”). What a lovely thought…

In case you were wondering… the color of my little world is red… rosy red….

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