Friday, March 6, 2009

Media waits until now to cover recession

I've noticed something very bizarre just in the past couple weeks or so. Except it's not bizarre if you're aware of the direction the media has taken in recent years. I thought I'd give you a heads-up about it so you can sort through the distortions.

It's a fact that the American economy has been in complete shambles since the Contract With America - largely because of the Contract's policies and because of the "new economy." It had been crumbling since even before then - but just not to such a pervasive degree. The economy got progressively worse through most of Bush's reign - because of his policies.

These are established facts. I don't go by what the media claims or even by the stock market. I go by the state of working-class America. The ever-widening gap between the rich and poor, and wages not keeping pace with inflation are dire economic indicators.

For a dozen years, however, the media paid hardly any attention to this chronic recession. It hyped the nonexistent economic boom of the late '90s, and even tried to convince us things were going dandily during the Bush era.

By and large, the media tried keeping up this charade even last year, when everyone finally knew the economic boom was a hoax.

Now, however, every other news story is about the stock market dive or some other economic woe.

Why did the media wait until now to extensively cover the recession?

If you don't know why, you probably haven't been reading this blog for very long: It's because there's finally a guy in the White House who the media doesn't like, so they're going to pull out all the stops to make sure he gets blamed.

It's also clear the stock market has been manipulated lately just so Obama is blamed for the recession. The success of the stock market in modern times is almost antithetical to the interests of average Americans - and a lot of that is because of intentional manipulation for political purposes.

If the market can overprice stocks for years, and engineer a crash, it creates a perception of a floundering economy - even if the economy is no worse than before.

Has the economy improved in the 6 weeks since Obama took office? Probably not at first, but that may be changing. I believe there's been a slight improvement just in the past 2 weeks or so that the media has been hyping the recession. I find it interesting that I'm making more money now than any other time since 1994, even though the recession is only now gaining coverage.

Make no mistake: The stimulus is working. I'm not being partisan (for I'm a Green, not a Democrat), but that much is clear.

Unfortunately, the media doesn't look at how we fare. It cares only about bogus numbers like the stock market, which are manipulated heavily.

Despite this new vista of hope, I won't say America is as prosperous as it was 30 years ago unless it gets back the factories it lost, and workers make wages equivalent to what they once made.

3 comments:

  1. "It's because there's finally a guy in the White House who the media doesn't like."

    Which media are you talking about? Tim, you should stick with playing Halo 3 and roads scholaring, lest your fans start to think you are borderline insane when you write crazy stuff like that.

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  2. Haven't you heard? Bush is out of office now.

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  3. Tim, I don't know what we're going to do with you. Keep up the good work.

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