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Flash: Chicken-Little Wrong Again… But Why Spread the Doom And Gloom At All? The Election

Economically speaking, this Christmas season wasn’t bad.

Glenn [1] notes today:

CHRISTMAS RETAIL SALES UP, BUT BY A MODEST 3.6% — but online sales were up 22.4%. [2] The New York Times calls those numbers “bleak,” a term that’s more accurately used in reference to its stock prices [3] . . . .

Heh…

christmassales.jpg [4]That snark aside, what happened to the forecasts of financial gloom and doom by the press?  Where’s the poor economy that George Bush supposedly destroyed?  It’s been proven as lies, of course.

However, the lies are for a purpose, I think. Glenn notes that in an update:

UPDATE: Reader, and hedge-fund manager, George Zachar emails:

Investors now have to gauge not only the reality of economic data, but its predictable willful misrepresentation by the press. We therefore have to speculate not only on underlying conditions, but on the effectiveness of the effort to scupper Main Street confidence.

On another [5] matter, tech unfriendliness is a big driver in NYC commercial real estate, and the conversion of many older buildings into residential lofts.

Yeah, the press reports have consequences besides their intended one, of swinging the elections.

There was never any doubt in my mind, Glenn that this was one of their purposes.  And since you mention it, the New York Times in particular… the DNC Mouthpeice of Record. Now, what has to happen, of course is the rest of us need to keep banging n the fact that the press got the forecast so very wrong, and willingly so…

And keep in mind, this is only the start of the election season… If there such things are really limited to a season, anymore. But think;  if the lies are this fast and furious from the press NOW, imagine what it’s going to be for the next 11 months…