The Greatest Economy Ever

Have you seen the news reports yet? The greates economy EVER is starting to take root out there and will soon explode onto the American press and be shouted from the rooftops on the world scene.

After the ‘Grand Tour’ of the continent where President Obama saved the world by bring together international leaders who have been at odds with each other since the dawn of time (with the exception of being in bed together on under-the-table deals for the last couple decades) he single-handedly saved the G20, healed the lepers and gave hope to generations yet unborn. Well, that’s the way it’s being reported anyway. Reality is a whole different matter – but why let the facts get in the way of reporting the propaganda… I mean news?
For the last eight years we’ve heard a steady bombastic onslaught of “worst economy in the last 50 years” from the press. Politicians have told us this is the worst economy since The Great Depression in their weekly recitations on the Sunday talk circuit. Economic indicators, of course, were totally to the contrary, but the press had to build in fear and loathing of President Bush, so they kept on with their drumbeat. The Dow was at its highest of all time, unemployment was at historical lows at what is considered total employment, interest rates were at their lowest rates in decades, businesses were flourishing, inflation was in check and the world was in balance.

Again, why let the facts get in the way? They only muddle things up.

Based on the hysteria created in the press during the Bush years people started believing what the media was saying. After all, if it was on the news AND repeated by comedians it MUST be true. They quit spending money, businesses closed, the housing market stalled and the economy started to falter based on reports from the press, politicians like Senator Chuck Shummer who wanted to win seats in Congress and policies inflicted on the banking community by people like Congressman Barney Frank and Senator Chris Dodd. Again, why let facts get in the way.

Now the people of the United States are on the hook for over twelve TRILLION – with a T, not a B or an M – dollars over the next several years – so far – and we’re only 70 days into this new administration. Hey, what’s $12,000,000,000,000.00 between friends?

So now we can expect stories to start surfacing about how we are entering ‘The Greatest Economy Ever.’ Recessions come and go. On the average recessions appear every 5-7 years and last 5-11 months. Politicians try to make them go away permanently – which is what the current administration is trying to sell us on – but they’re an economic reality. So the answer is going to be for the press to tell us that we are laying the foundation for ‘The Greatest Economy Ever.’ Then they’ll follow up every little hiccup in the economy as indicators that we are headed for the recovery of all time under the leadership of President Obama. The fact that the indicators are not there has no bearing on the stories they’ll run. Unemployment is still on the upswing to levels that are the highest in 25 years, banks are still looking at CEOs being fired and the housing market is still mired in a collapse. Why let the facts get in the way of a good recovery story?

Stories are starting to come out about people feeling guilty about having jobs while others are unemployed, and how it’s a good thing to be unemployed so people have more time to spend with their kids and a host of other stories about how this is recession is a GOOD thing. All of it is aimed toward making this a good thing the country has to endure to fall in behind President Obama and his social democracy. Get ready, it’s only a matter of time before THIS is ‘The Greatest Economy Ever!’