Monday, May 05, 2008
The Media - pushing a bad economy?
Obviously, everything is not perfect and running at full speed.
But, MANY things ARE going well (historically high), while the media pounds us daily with negaitve stories about those things that are currently slower...
But, MANY things ARE going well (historically high), while the media pounds us daily with negaitve stories about those things that are currently slower...
At RealClearPolitics.com, Lawrence Kudlow thinks so:
"The bad news bears always focus on areas of economic weakness. But parts of the economy are doing splendidly. This includes agriculture, energy, export firms operating in the global boom, and all manner of private-sector business, professional, health, and education services. Incidentally, these are the exact sectors producing the highest-paying jobs. What's more, at 154 million employed, the civilian labor force just hit a new all-time high.
Another significant data point: Corporate profits are outperforming all expectations. With three quarters of the S&P 500 companies reporting, profits outside the banking system have increased 10 percent over a year ago."
