Friends, as the Dow, the S&P 500, and the Nasdaq notch record high after record high, we face a seeming contradiction: the legacy media loves reporting doom and gloom about the economy, and especially about tariffs, which Democrats and leftists lap up and believe implicitly, so how do the major indices keep going up up up? It defies common sense.
These surveys help to explain matters. It's not that the American people have a unanimously positive impression of the state of the economy -- far from it -- but they do feel better about it now than arguably at any time since the onset of the COVID pandemic. That's a good thing!!! It also begs the question: how buoyant would the markets be, and how high would our growth rates go, if this economy wasn't weighed down by the mainstream media's bellyaching? God willing, someday we may find out.
Dr. Waddy from Jack: My guess would be that most "successful" MSM journalists have become so by embracing the professional and emotionally charged standards inculcated in them by cynical and grimly determined "boomer" far left profs at University and in Journalism schools. They have been conditioned to react with compelling and reflexive , thereby "justified", complete contempt and dismissiveness for any interpretation of "the news" which suggests any doubt of their unassailably just radical convictions. They have become worker ants, automatons, subservient upon penalty of banishment from their laboriously won profession and being so committed, are loath to become apostates. Can you imagine the terror of actually therein seeing some merit in a conservative position and facing the wrath of the far left Inquisition?
ReplyDeleteWe have seen cracks in the walls of such far, far left fortresses as Columbia and U. Penn. They have so relented only by being confronted by the now very real prospect of losing tax payer funding upon which they had for so long relied upon to obsequiously finance their America hating convictions. That of course suggests a way to deal with the antiAmerican MSM. Find a way to deprive them of their livings. There are few who can face such a prospect with resolve. It appears they are well on the way to decisive public perception of them as about as credible as is professional wrestling. In their unconquerable arrogance and their pinched minds, they may well get there on their own but let us "guide" them on their way by confonting them with realities which show them up for the ignorant, professionally discredited bigots they are.
RAY TO DR. WADDY
ReplyDeleteI certainly have a positive impression of the state of the economy. Whenever I go to our mall, I can tell people are very happy. I see many more tattoos, nose rings, lip rings, and tongue rings than I ever saw during Biden's time. Also people's bottoms and stomachs are getting a lot bigger, as they chow down more in places like Hu Hot. The roads are filled with all kinds of super belch fire, bulge mobiles driven be happy people. Yes indeed! Things are really looking up.
Dr. Waddy from Jack: You appear to regard the stock indices as plausible indicators of our economy's well being and I'm glad you do, because I do too. Being unschooled in economics, they are what I rely on. I remember how the Dow was in the 500s in 1974.
ReplyDeleteYou are absolutely correct, Jack: the only "sanction" that would matter to a journalist is the loss of his paycheck. That means that the Achilles' heel of the MSM is the sponsors, who up to now have proven remarkably tolerant, even indulgent. They need to have it explained to them that bankrolling misinformation and calumny has consequences. First, maybe, we should invent a consequence or two.
ReplyDeleteRay is right: the expanding waistlines of average Americans attest to our prosperity and, I daresay, to the essential justice of our common cause! Whatever else may divide us, we all enjoy a good buffet, and whosoever feeds at the same trough can't sustain acrimony for long.
I wouldn't say there's a perfect analogy between the buoyancy of the stock market(s) and the living standards of average Americans, but let's put it this way: when the markets are plunging, pretty much everyone can agree that something ain't right!
Dr. Waddy from Jack: I'd suggest that the sponsors of MSM outlets are afraid of of being perceived by a perhaps still partly cowed public as "bigots" or any of the lexicon of far left assumed automatic condemnations ending with "ism". Should they venture it they still fear the radical excoriation, boycott, terrorism and lawfare onslaught machine .
ReplyDeleteThe exceedingly courageous example set by a once beleagured DJT in standing up to these vicious totalitarians may over time embolden some sponsors to jump the burning far left ship. Too, the Trump administration has made direct attacks on manifestations of far left presumption such as wokeism and in doing so has begun to popularize opposition to the vindictively self righteous far left and its "unassailable" principles (eg. some public figures have begun to use "woke" as an understood and well taken denunciation; the radicals had come close to giving the term sacred inviolability on pain of professional, social or legal pariahhood ).
In other words, Jack, corporate America is still afraid of the Left, and for good reason! Okay, but the other side of the coin is that a lot of leftists have burrowed themselves inside corporate America. It could use a good purge!
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