Media Downplay Extremely Strong November Jobs Report
A recent report published by the Gallup Organization stated: “a majority of U.S. investors continue to describe the current economy as being ‘in a slowdown’ or ‘recession’ as opposed to being ‘in a recovery’ or ‘sustained expansion.’” Regardless of continuously strong economic reports, such bearish assessments have been regularly portrayed by public opinion polls for several years. During this…
Sawyernomics: ABC Anchor Presses for Tax Hike for 'Thin Ice' Economy
“I know, Dan, the President’s giving a speech on the economy coming up, but there are people, including Alan Greenspan of the Fed, and also the GAO, the top auditor in the country, who have said with these deficits, these mounting deficits, it is simply hard to look at this economy as anything but on thin ice, no matter what. No new taxes?” -- Good Morning America's Diane Sawyer to Dan Bartlett,…
Media Myths: The Housing Bubble is Bursting
Don't miss my latest writing for the Free Market Project: Media claims about a “housing bubble” are nothing new. Since before the 9/11 terror attacks, the media have been calling the housing market a “bubble” while predicting an imminent, devastating decline. Not only have they been wrong in forecasting such a top, they have thoroughly mischaracterized what an investment bubble is. Now that the…
