Skip to content

Press Equates Any Bad News for Obama To “Unexpected”

May 31, 2011

Americans are losing faith that the economy will keep improving, according to a
monthly survey.

The Conference Board’s Consumer Confidence Index fell to a six-month low of
60.8 from a revised 66 in April, a sign of the toll that high gas prices, a
choppy job outlook and a moribund housing market are taking on people’s psyches.
Economists had expected an increase to 67.

“Consumers are considerably more apprehensive about future business and labor
market conditions as well as their income prospects,” said Lynn Franco, director
of The Conference Board Consumer Research Center. She said fears of inflation
that had eased in April picked up again in May.

Pro-Obama media always shocked by bad economic news

It’s obviously going to be hard to achieve the  unacknowledged goal of many mainstream journalists — the president’s  re-election — if the economic slump continues. So they characterize economic  setbacks as unexpected, with the implication that there’s still every reason to  believe that, in Herbert Hoover‘s phrase, prosperity is just around the  corner.

“New U.S. claims for unemployment benefits  unexpectedly climbed,” reported May 25.

“Personal consumption fell,” Business Insider reported  the same day, “when it was expected to rise.”

“Durable goods declined 3.6 percent last month,”  Reuters reported May 25, “worse than economists’ expectations.”

“Previously owned home sales unexpectedly fall,”  headlined Bloomberg News May 19.

“U.S. home construction fell unexpectedly in April,”  wrote the Wall Street Journal May 18.

Those examples are all from the last two  weeks.

Read more at the Washington Examiner



Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: