The RoanokeSlant

This file is a US personal journal of commentary of examples of the Roanoke Times and Liberal Media Slant...... lbhagen@aol.com .......The Google Blogspot Cookie Notice is required for the EU!

Wednesday, June 25, 2014

 

When Does “Irrational Exuberance” Become Downright Lies?

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Roanoke Times, 6-25-2014, Pg 1,8: Grim economic picture brightening. 
BIG Headline and big picture of autoworker.  Most economists agree that the economy last quarter was depressed by temporary factors, not larger issues.
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On 6-19-2014,  the Roanoke Times worked diligently on behalf of their mentor, Obama, to minimize the economic bad news:
Marginalizing The Bad Economic News
http://roanokeslant.blogspot.com/2014/06/marginalizing-bad-economic-news.html
and here they are just 6 days later with a bigger and better story  - don’t worry about the data and the facts things are really looking up!
Little Bo Peeps sheep will come home, wagging their tails behind them.
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A more somber view is:
Is Economy in freefall? 1Q revision shows shrinkage of 2.9%
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America's economy shrank at a drastic 2.9 percent annual rate in the first quarter, a far more alarming picture than ones painted in two previous government estimates -- including one that actually claimed modest growth.
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The new figure released Wednesday by the Commerce Department is nearly three times lower than last month's preliminary estimate of 1 percent shrinkage -- at the time the worst three-month performance since 2009 -- and far greater than the 0.1 percent growth estimate in April. The sluggish economy's woes have been widely attributed to an unusually cold winter, but the latest figure -- the biggest difference between second and third estimates since 1976 -- could indicate far greater problems.
http://www.foxnews.com/us/2014/06/25/economy-in-freefall-1q-revision-shows-shrinkage-2/
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Why is it that at ever turn, at every opportunity the Pravda Press tries desperately to prop-up Obama and his minions with “Irrational Exuberance” using slanted and cherry-picked data?  All this at the expense of their own creditability!
Physician heal thyself!
PolitiFact's has designated your mentor and source with the “Lie of the Year” Award!  Doesn't that giveyou reason for pause?
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As Charlie Hurt so well articulated two years ago:
The only thing worse than the economy is Obama talking about it!
http://www.washingtontimes.com/news/2012/jun/5/hurt-the-only-thing-worse-than-the-economy-is-obam/
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Here’s a concept: just report the facts in a fair and balanced manner!
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http://roanokeslant.blogspot.com/2014/05/obamas-economy-very-bad-good-news.html
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http://roanokeslant.blogspot.com/2013/12/fixing-broken-economy.html
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