By Tom Blumer | August 3, 2011 | 9:33 PM EDT

If we're to believe Paul Wiseman and David K. Randall at the Associated Press in their Wednesday afternoon report on the economy, all of the alleged solutions which might shake the U.S. economy out of its weakness either aren't available or no one has the will to try them: stimulus, infrastructure projects, jobs programs, or another round of quantitative easing. Oh, and governments are damaging the economy by "cutting at all levels."

There's nothing, they tell us -- nothing! -- besides those supposed tried and true prescriptions which could possibly improve things. To them, everything that happened in the 1980s under Ronald Reagan must be a mirage, a fairy tale that never happened. As a result, they note, our economy is starting to resemble Japan's. The fact that Japan has been in its current malaise since the 1990s because of rampant overstimulation just doesn't compute to them.

By Tom Blumer | January 29, 2011 | 8:35 AM EST

It seems that Associated Press Business Writer David K. Randall made a bad call yesterday. But he only has himself to blame for engaging in what he should have known was wishful thinking.

Shortly after the government's report on economic growth during the fourth quarter of 2010 came in with an annualized 3.2% reading, Randall put out this this short report:

Stocks edge up after stronger GDP report

 

Stocks are rising in early trading after a report showed that the U.S. economy is growing.

 

... The Dow Jones is up 7 points, or 0.1 percent, to 11,997 in morning trading. The S&P 500 is up 1, or 0.1 percent, to 1,300. The Nasdaq composite is flat at 2,755.

What piffle.