Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

EFerrari

(163,986 posts)
7. Here's one from 2008 where they say the recession is a media myth.
Fri Feb 10, 2012, 04:51 AM
Feb 2012

The 'Recession' Is a Media Myth

Written By John R. Lott, Jr.
Published April 01, 2008
FoxNews.com

During the 2000 election, with Bill Clinton as president, the economy was viewed through rose-colored glasses. According to polls, voters didn’t realize that the country was in a recession. Although the economy started shrinking in July 2000, most Americans through the entire year thought that the economy was fine.

But over the last half-year, the media and politicians have said we were in a recession even while the economy was still growing.

Gas prices are going up. The economy is slowing. Talk of recession is seemingly everywhere. While the majority of people rate their personal finances positively, consumer confidence in the economy has plunged to a 16-year low, well below what it was during the last year of the Clinton administration when we were in a recession.

A Nexis search on news stories during the three-month period from July 2000 through September 2000 using the keywords “economy recession US” produces 1,388. By contrast, the same search over just the last month finds 3,166. Or, even more telling, take the three months from July through September last year, when the GDP was growing at a phenomenal 4.9 percent. The same type of Google search shows 2,475 news stories.

Read more: http://www.foxnews.com/story/0,2933,343671,00.html#ixzz1ly1fsxyf

There is a bit at the end about families not sticking to the terms of their mortgage.

Latest Discussions»General Discussion»Help finding an article o...»Reply #7