Thursday, July 31, 2008

Recovery from what?

Headline in a Headline Email from the New York Times (yes, I get them. I do read "both sides", believe it or not). Nope. No media bias here.

G.D.P. Grows at Tepid 1.9% Pace Despite Stimulus By PETER S. GOODMAN and MICHAEL M. GRYNBAUMThe economy grew less than expected from April to June, the government said on Thursday, and it shrank in the final months of 2007, dimming the outlook for a quick recovery.
You would think by reading this that the economy was in a deep recession and that it just inexplicably was able to feebly raise its head on a wobbly neck just to punctuate how low it has gone and what a dismal position it is actually in.

Get this. The economy grew. Dispite record, gargantuan oil prices. But to the NYT, that's bad news, because it didn't grow enough to "recover".

Recover from what? A recession?

And what is a recession? Two consecutive quarters of negative economic growth. Which we haven't had. (But we don't need no stinking definitions. It's all about what we "feel".) So we're not in a recession, then. But this growth wasn't enough to recover from the non-recession. Must be the Republicans.

That's why we need HopeAndChange™.

HopeAndChange™. It's what America needs. For The Future™.

This message brought to you by Obama for President The New York Times.

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