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New York Times Insists Economy in “Recovery”
Posted By admin On April 9, 2010 @ 11:06 am In Economic Crisis | Comments Disabled
The New York Times
April 9, 2010
Editor’s note: Ask the record number of unemployed what they think of Obama’s recovery. This is shameless propaganda, typical of the New York Times, the same newspaper that spread lies about Iraq’s illusory WMDs and supported the invasion that killed more than a million people. Unemployment numbers are rising. The Fed has admitted jobs will not return anytime soon. Meanwhile, the Wall Street casino, otherwise known as the stock market, is doing fine — for now. Apparently, for stock gamblers at the NYT, this represents a recovery.
The American economy appears to be in a cyclical recovery that is gaining strength. Firms have begun to hire and consumer spending seems to be accelerating.
That is what usually happens after particularly sharp recessions, so it is surprising that many commentators, whether economists or politicians, seem to doubt that such a thing could possibly be happening.
Usually you can depend on the White House to view the economy with the most rose-tinted glasses available. But it was not until last week, after a strong employment report, that President Obama started to sound a little optimistic.
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