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Old 02-25-2004, 07:59 AM   #38 (permalink)
gibingus
Insane
 
Location: 38° 51' N 77° 2' W
Ustwo, the stats that Sparhawk put out are basically on target, they can be corroborated at any number of sources including US government reports and are reported through major media, although the acutal numbers fluctuate from month to month. If anything, they are higher than what he supplies.

(a plea: please do not throw out that straw man liberal news media argument. it is patently untrue. the major news media companies are all publicly traded and are very conservative businesses driven by advertising revenue that is dependent on even more conservative businesses. the parent companies of nbc and cbs are giant defense contractors, and ALL media businesses stand to benefit from the relaxing of FCC ownership rules that are being pushed by the administration. a lexis nexis search of endorsement editorials in the past election will show that the marjority of daily papers backed Bush. the only real left wing news media that adhere to real journalistic ethics and principles in this country are the magazines Mother Jones and The Nation and the radio pacifica network. what is commonly called the left wing is actually quite moderate, and the right wing is now much farther to the right than it was 12 or 16 years ago. /end plea)

the statistic that is commonly left out is the one about the economic recovery via tax relief and consumer spending is acutally being financed on credit cards. i first heard it reported yesterday by radio pacifica and the subsequent analysis was done by an economic advisor from the nixon administration (name escapes me, but you'd have to agree that he's pretty conservative, right?). the tax relief was said to be a good short term policy for minor economic stimulus, but the real jump in consumer spending (66% of the total economy for those of you scoring at home) has been financed by credit, and is still unpaid. coupled with continued tax cuts, we will be looking at a devestating crash, massive interest rate hikes, and a whole slew of other problems if we keep this up for four more years.

greenspan echoed this mildly in his last address to the senate finance commitee, which brought the inside the beltway rumors out again that bush wants to axe him because he doesn't play ball with the party line. kind of like paul oneil, but greenspan has such public status that if he was to be fired, bush would lose complete support of voters who are liberal minded but fiscally conservative.

what really pisses me off is that we are deindustrializing our nation and sending those jobs to a COMMUNIST DICTATORSHIP. wtf? that is good for the national defense? that is patriotic?
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