Tuesday, September 30, 2008

More ridiculous media spin

Headline today: Consumers Stop Spending in August

Oh my goodness! Nobody spent anything in August?!?

No, not quite. The increase in consumer spending was 0% in August. People didn't stop spending. They stopped the increase if their spending. Not the same thing. Not even close to the same thing. This is typical of the media. When a government program is scheduled to be increased by 10% and it is only increased by 7%, the headline screams PROGRAM CUT by 3%. Only in the liberal media is a program's increase of 7% seen as a cut.

In August, people decided to stop increasing the amount of money they spend on useless shit they don't need to impress people they don't like. You'd think that would be a good thing. But the MSM headline screams crisis. The MSM has been so brainwashed into thinking more spending is good that they can't even stand back for a minute and think about what's happening. Today's financial "crisis" was due to the fact people spent too much money. You'd think some editor somewhere would put 2 and 2 together and understand that spending less is the way to recovery.

If you read further into the article you learn that incomes went up quite a bit in August. So Americans did something unheard of. They saved the difference. Yes I say that again, the actually saved some of their income. Again that should be celebrated, but instead it is spun as a negative by the brain dead, Kos Inspired, Democratic funded MSM.

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