Monday, April 18, 2011

America's Economy Is Imploding But to the Press, It's Just "Sluggish Growth"

Isn't it remarkable how the media is underplaying the disintegration of the American economy? The motives, of course, are political. When gas prices rose during the presidency of George W. Bush, for instance, the press constantly ran stories connecting those rising prices to Bush. But now, even when the gas prices are much higher and even though Barack Obama adamantly refuses to allow new oil exploration and drilling (going so far as being in contempt of court in his refusal to allow drilling), the press will not suggest any link between those soaring gas prices and Obama.

A second case in point is how the networks and old guard publications continue to tell us we are experiencing an economic recovery. Regardless of the horrendous news of growing unemployment, foreclosures, bankruptcies, frightening inflation (especially in grocery and gas prices) and the specter of the ever-escalating national debt, reporters refuse to admit these things represent anything but a slowing of the recovery. An AFP story that headlined Google News yesterday suggested that even the alarming jump in the budget deficit (15.7% in the first 6 months of fiscal year 2011) was merely a speed bump in the road to recovery. Imagine -- a deficit of $829 billion and yet we're promised that "the economic recovery slowly gained pace."

Is it any wonder that thinking people are turning off the networks and canceling newspaper and magazine subscriptions in droves. Because the press isn't merely spinning news anymore. They're in full blown cover-up and denial mode.