Monday, May 21, 2007

Lies, Damn Lies, and John Fund's Take on the Economy

During a particularly painful episode of Real Time with Bill Maher, John Fund of the Wall Street Journal repeated the infuriating claim that the economy is performing very well. Mr. Fund, really, if you're going to go on TV and say crap like this, your newspaper may as well sell out to Rupert Murdoch after all.

Fund expects that perception of the economy driven by Wall Street's record breaking numbers, misleading unemployment numbers, and the country's consistent economic growth numbers will allow that kind of a claim to go unchallenged. I'm sure the Bush economic team had similar expectations when they decided that less reported indicators--ones related to the well being of a great majority of Americans--could circle the bowl for all they care.

Here are some real economic indicators that Fund didn't bother mentioning.
As Bill Maher quickly pointed out, the economy is good for Fund, and that is the problem, right there.

VIDEO: I don't agree with the way Ron Paul might pay the bills, but he sure knows a economic mess when he sees one.

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