Hyping Downturn in order to Expand Government (and elect Democrats)?
Today, after running errands on the way to see my tax guy, I stopped in a 7-11 to grab a snack and caught sight of the latest cover of Newsweek heralding what anyone who has studied economics knew as soon as the recession begin–that the economy would bounce back. Â Yet, it seemed that the “news”-magazine wanted to suggest that the current Administration was responsible for the rebound.
The cover story (which I read while my tax guy fills out my Federal Extortion forms tax return) is surprisingly even-handed, including much about America’s resiliency and entrepreneurial spirit and this line: Â ”But the long-term decline of the U.S. economy has been greatly exaggerated.” Â Of course it had been.
The media seem to specialize in gloom and doom, particularly when a Republican is in the White House. Â Shortly after reading the Newsweek piece, I caught this on Instapundit: “CATO:Â Did the IMF Deliberately Exaggerate the 2008 Financial Crisis?” Â
So, recalling the media’s dour reporting back in ’08 and this report on the IMF, I wondered at the method to all the media, international organization madness. Â Was it because they wanted to see a larger role for national governments and international institutions?
Or was it just that they wanted to make then-President George W. Bush look bad and increase the likelihood that he would be replaced by a Democrat–and that that Democrat would get credit for any recovery, even a naturally recurring one?








