from USA Watchdog:
The ridiculous drum beat from the mainstream media (MSM) has been repeating this so called “recovery” since the 2008 meltdown.
I also keep repeating that there is no real recovery. There are a variety of data points you can look at, but the most recent include retail sales and factory orders have plunged while the trade deficit has spiked. It was announced that nearly 50 companies are closing 6,000 stores. The oil industry is shedding thousands of jobs, and 62% of Americans are living paycheck to paycheck. You think I am being too negative? Maybe someone should also tell Fed Head Janet Yellen to tone it down as well. This past week, she sounded the alarm on “quite high” stock prices and warned of “potential danger” in the bond market. Still, you get headlines like this one saying “Fear Not. This May-October Looks Better Than Others.” This is not only wishful thinking, but it is bad reporting to ignore major data points that say the economy is tanking and not recovering. To me, this is an outright lie by omission. I used to work in the MSM, and if I can get this, so can they because it is simply too big to miss.
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