Tag: Economic disasters

They have been doing that for 5 years now!

What’s the “THAT” that I am referring to? I wrote before about that snow job they tried to use to hide the damage done by the left’s policies. Well, others are also pointing out that the members of the DNC controlled LSM have been desperately spinning ever worsening economic data in order to help their incompetent marxists-fascist nanny stater fellow travelers ruining the economy from receiving their due:

The big news Thursday was that America’s economy shrank during the first quarter of 2014, its worst performance in three years — but reporting that news apparently didn’t sit well with several major media outlets.

The U.S. Commerce Department’s Bureau of Economic Analysis revised the numbers downward from prior estimates to show the nation’s GDP contracted at an annual rate of negative 1 percent. It was the first negative quarter since 2011, and one more three-month stretch in the red would put the U.S. is back in recession. But nightly newscasts sought to present the data as a blip, blaming it on the weather — if they mentioned it at all.

“All that snow and ice froze business, but most economists believe it sets the economy up for rebound this quarter and there are some encouraging signs in the numbers,” CBS News’ Anthony Mason reported.

Neither ABC nor NBC reported the disappointing numbers at all. The preliminary quarterly estimate from the U.S. Department of Commerce had been that the economy grew at a modest 0.1 percent rate.

Economists, including those at the Federal Reserve, generally agree that unusually brutal weather played a role in the economy contracting by a full percent for the first three months of the year. Some say President Obama’s economic policies didn’t help, either. But while that kind of analysis has a place in fair and balanced reporting, such rosy spin rarely found its way into headlines during the economic doldrums of the Bush administration.

“When the media aren’t ignoring bad economic news to protect Obama, they’re spinning it into good news,” Media Research Center’s Brent Baker, who drew attention to the apparent double standard on the MRC’s NewsBusters site, told FoxNews.com. “That sure wasn’t a favor the press corps ever provided George W. Bush.”

The New York Times used the double entendre “Frigid First Quarter” to characterize both the lack of economic growth and the reason for it, while media outlets more versed in economics, such as Forbes, simply stated the facts up front and allowed informed sources to provide commentary below.

Brutal weather my ass. The real brutality against our economy is five plus years of deficit spending that make the worst Boosh years look like peanuts, and all while passing a slew of economy destroying pie-in-the-sky leftard laws that have devastated any chance for growth, culminating with the biggest economy damaging piece of garbage to ever slam the American people: Obamacare.

There must be an election soonish….