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To: Recovering_Democrat
I saw a Milton Freedman interview a while back and I cannot remember which channel or which reporter did the interview but this question concerning the health of the US economy was asked of him. He just laughted and stated that we have a good economy and proceeded to quote statistics to back up his statement. After that interview I have come to believe that the leftist media is pounding away at the idea that this economy is weakening because they hope to bring that exact result about in the hope that it will damage the popularity of George Bush. Just go to cnnfn.com and look at the headlines every day. It is obvious what they are up to. Our people have come a long way in their understanding of everything in this nation since 1991. We have had scandals which opened our eyes and caused us to use energy to pay attention and think about our leaders. We also understand the idea of "scapegoating" which is simply pinning the blame for something from where it belongs to some innocent place or person. The expense of Sept. 11 and the expense of fighting terrorism is not cheap. Add on to that the expense of companies having to defend themselves against trial lawyers who bring baseless lawsuits against legal products and the corruption of some CEOs and politicians who promote a bigger and bigger welfare state with more and more taxation plus the normal ups and downs of any economic system and there you have it. In my state, we had a great budget surplus, but it all disappeared and now we have a big deficit. No one can figure out what happened to the money. People here are understanding more since our Governor was nailed in a big sex scandal and it looks like our next Governor will be a Republican. God help him because of the mess he will inherit.
2 posted on 05/05/2003 2:19:58 AM PDT by jazzlite
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To: jazzlite
I want to add to my post that today's cnnfn.com economic coverage is positive but most days are negative to the extreme.
5 posted on 05/05/2003 4:28:26 AM PDT by jazzlite
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To: jazzlite
Apparently Friedman is unaware of how many engineers, IT people, airlines people, retail, etc have been layed off and how many factories have been closed in the last few years. Friedman is also unaware of the dollar, the balance of trade, the federal and state budget deficits, the stock market, the number of corporate and personal bankrupcies, etc. Friedman is only looking at company profits, not jobless. People dont vote based on company profits.
6 posted on 05/05/2003 4:37:33 AM PDT by waterstraat
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To: jazzlite
Just go to cnnfn.com and look at the headlines every day. It is obvious what they are up to. Our people have come a long way in their understanding of everything in this nation since 1991.

You are dead on target about that, jazz. I go to cnnfn. to check stox periodically, and it is damn laughable to see what new "negative" spin the editors of that website try to put on this economy day after day.

One day last week, some kind of positive report came out...and the web site said something like, "X happened...but is it too much of a good thing?" I wish a better biz web site that updated the markets quickly was out there.

13 posted on 05/05/2003 6:14:28 AM PDT by Recovering_Democrat (I'm SO glad to no longer be associated with the Party of Dependence on Government.)
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To: jazzlite
"After that interview I have come to believe that the leftist media is pounding away at the idea that this economy is weakening because they hope to bring that exact result about in the hope that it will damage the popularity of George Bush. Just go to cnnfn.com and look at the headlines every day. It is obvious what they are up to. "

Bingo. That's all they've got. And we have not seen anything yet. Here's hoping their lies are crushed by a real, true booming economy (versus the fraudulent bubble of the 90's)--for the children.....

14 posted on 05/05/2003 7:37:15 AM PDT by eureka! (Rats and Presstitutes lie--they have to in order to survive.....)
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