Observations of a civilization on the verge of everything - as seen from my window in New York City framing the Empire State Building (built at the height of the last Great Deflation)
Amazing how the media has managed to portray the recession as being over and everything is "less-bad" than we thought... Let's see 9.8% unemployment, foreclosures are at historical highs, yeah, things are great. I seem to remember that the media was complaining about the economy when Bush was president with unemployment under 5% for 6 of the 8 years of his term... today 9.8% and things are improving... 4.5% for most of Bush's term and things are horrible... The bizarro world the media lives in...
Amazing how the media has managed to portray the recession as being over and everything is "less-bad" than we thought... Let's see 9.8% unemployment, foreclosures are at historical highs, yeah, things are great. I seem to remember that the media was complaining about the economy when Bush was president with unemployment under 5% for 6 of the 8 years of his term... today 9.8% and things are improving... 4.5% for most of Bush's term and things are horrible... The bizarro world the media lives in...
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