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:
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.