It’s The Economy
posted in General |IT'S THE ECONOMY
During the Clinton years, we heard the campaign issue debate in which the phrase, “It's the economy, stupid” was used. It later became a tongue in cheek quip aimed at the not so swift. Nowadays, the Democrats are more direct in slamming Bush for a sluggish and worrisome economy even though unemployment is at the lowest level in decades, growth in Gross Domestic Product is sustained, the Dow Jones average is at an ALL-TIME high, interest rates are low and inflation is under control. It takes a lot of gall to bad mouth that kind of economic performance – especially in the aftermath of the Bush tax cuts enacted a few years back. And for those who want to damn the tax cuts, we might point out that the the additional revenue to the Fed Government after the tax cuts became effective has sliced this year's forcasted budgetary shortfall in half.
With those kinds of numbers, it takes a lot of misrepresentation or deceit to twist and spin in an effort to bad mouth the President. He has made mistakes (as we all do), but the big ticket economic decisions were right on target. But uderlying all of this data is a bigger question – to wit – why doesn't the mass media — the big newspapers and TV outlets emphasize the big picture – the positive picture — instead of hiding this kind of data on Page 14 and giving free reign to Bush-hating columnists? If you read the NY Times, LA Times etc, you would get the idea that we are hanging by a thread over an economic cliff.
Whether it is a recession or a boom, we use the same kinds of statistics to measure the state of the economy. At least, one would think so. Right now, the state of the economy is good – strong. But don't ask the Democrats or the columnists of the NY Times. Fair and honest journalism??
“It's the economy, stupid”.