Lest we think the MSM won’t happily volunteer yet again to serve as an extension of the Obama administration’s spin machine, we have an example of it starting early this year. Here are excerpts of an ABC News story from Diane Sawyer about the “economic comeback” under Obama (via HAP):

“The economy seems to be rumbling back to life”

“Can we exhale, is this the comeback everyone’s been waiting for”

“What you’re hearing is the sound of a comeback”

“It is getting exciting, psychologically, that’s gonna be important”

“I think people forgot to know what it’s like to feel good about the economy”

The story (video below) cites rising auto sales, the Dow approaching 13,000, and huge GM profits (watch the GM profit announcement here).

Conveniently avoided is the sharp drop in the number of working Americans. Food stamp use continues to be at a record high. Unemployment remains well over 8 percent even with the administration massaging the numbers. On top of it all, debt continues to soar and deficits aren’t decreasing, as they were laughably projected to do.

Here’s HAP on the Dow numbers:

The fact is, during the Bush Adm., the Dow Jones was over 13,000 from April 2007 to January 2008, hitting an all-time high of 14,164 on October 9th, 2007. At that same time, the unemployment rate was 4.7% according to the Bureau of Labor Statistics and the same liberal media tried to convince us we were in a depression.

Get used to much more of this kind of thing no matter what happens over the summer:

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*****

I’m shocked they didn’t offer the Obama spin on high gas prices: That it’s a sign the economy is bouncing back. ABC must have missed that memo, but the talking point might find its way into their next story about the economy’s amazing comeback.

Comments

17 Responses to “ABC News Goes All Out to Spin Economy for Obama”

  1. backwoodsconsr on February 18th, 2012 7:11 pm

    “I think people forgot to know what it’s like to feel good about the economy”

    I've forgotten what it's like to believe a word the Lame Stream Media says.

  2. Truesoldier__ on February 18th, 2012 7:21 pm

    They can spin all they want, but I doubt it will convince all the unemployed Americans that the economy is coming back again.

  3. Marshall_Will on February 18th, 2012 7:59 pm

    Ha..!

    +100

    How good of Mr. Powers to note this isn't 'virgin territory' for the DOW. And JFTR, in order to take advantage of "dollar cost averaging" in your 401k ( wouldn't it be nice if you HAD a job!? )

    Phil likely could explain it better but there's an inflation adjusted take on the DOW as well. For instance, if you held equal weightings of the Index in… 1990, if you sold them today, would you be able to purchase the same or greater goods and services? How will their fantasy play out when gas is $5 a gal?

  4. OK_Loyalist on February 18th, 2012 8:12 pm

    Right, people know what they are hearing while talking at the fence with the neighbors or relatives at family gatherings. Hopefully it will just tune people further away from the LSM.

  5. SignPainterGuy on February 18th, 2012 8:12 pm

    "…forgot to know …." …… Do these people never proofread their scripts from Media Matters ? Do they never listen to themselves speak ?

    Either they don`t, or they work hard at sounding stupid !

  6. SignPainterGuy on February 18th, 2012 8:23 pm

    I hope so too, but some people are dense as that fence !

  7. xymbaline on February 18th, 2012 8:35 pm

    Diane Sawyer.

    That's all I needed to know.

  8. directorblue on February 18th, 2012 9:51 pm

    You forgot housing prices, which continue to plummet, and foreclosures, which continue to rise.

    But remember: he's historic!

  9. OK_Loyalist on February 18th, 2012 10:01 pm

    So is a hemorrhoid if you ever get one.

    LOL

  10. backwoodsconsr on February 18th, 2012 11:49 pm

    So you're saying that Obama is an historic pain in the ass.

  11. SignPainterGuy on February 19th, 2012 12:20 am

    …. of historic proportions ! Previously, historically unprecedented !

  12. backwoodsconsr on February 19th, 2012 12:32 am

    I feel my pain.

  13. SignPainterGuy on February 19th, 2012 2:34 pm

    Is that "masterrhoiding" ?

  14. Truesoldier__ on February 19th, 2012 3:25 pm

    OF course not. The school of journalism has been changed to the school of teleprompter reading.

  15. Truesoldier__ on February 19th, 2012 3:27 pm

    Yep and we need a super-size dose of Preperation H to tide us over until we can have the sucker removed in November.

  16. SignPainterGuy on February 19th, 2012 5:13 pm

    Rush has been calling them "readers" for quite some time.

    When you can record a montage of all the channels` talking heads saying exactly the same thing, you know someONE is writing it for them !

  17. Marshall_Will on February 19th, 2012 8:42 pm

    Think… The Blob.

    Lol

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