From Reuters – describing the report of lower profits:
Companies reporting declining profits outnumbered companies posting higher profits for the sixth straight quarter. However, the rate at which profits are shrinking is slowing.
Ok, does anyone want to challenge me and claim that the last sentence would have been included if a Republican were President?
Thank you for visiting Blogs For Victory. If you enjoy our content, please consider making a donation to help us cover the costs of our servers.Mark Noonan is co-author (with Matt Margolis) of Caucus of Corruption: The Truth About The New Democratic Majority. He also blogs at Nevada News and Views. Follow Mark on Twitter.
When profits were rising and economic indicators were up, this same media declared, daily, that we were “in a recession” and even referred to the “impending depression”—and then gloated when, after three or four solid years of denying and defying economic facts in their reporting, consumer confidence FINALLY went down.
Now they are invested in doing the opposite, making bad look like good, and it is a lot harder than they thought it would be. Back then, people were doing fine, themselves, but because of the daily doses of bad news they were worried about all those other people who seemed to be suffering. Now THEY are suffering, and it is a lot harder to pee all over them and convince them it is just raining. Now way too many people understand the definitions of the Obama era:
RECESSION—when your neighbor loses his job
DEPRESSION—when you lose your job
RECOVERY—when Obama loses his
Amazon,
ROFL.
I’m not going to challenge you, but instead point out your persecution complex which revolves around innumerable bad guys who are out to get you.
Ok, does anyone want to challenge me and claim that the last sentence would have been included if a Republican were President?
I’ll give it a go, Mark. It would’ve been included, with the following modification:
However, the rate at which profits are shrinking is unexpectedly slowing.
…but instead point out your persecution complex which revolves around innumerable bad guys who are out to get you.
Poy/kettle, moron…
We are recovering. After all, fewer people are searching the internet for the phrase “Economic Depression”.
How can you not see the obvious? Come on, we are not nose diving as fast as we once did.
All is well – onto socialized medicine, errr …. heath care.