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The Same Old Stuff

CNN business analysts are almost giddy with happiness that we are having some economic problems – the threat of inflation, the weak dollar, and the crude oil price.

CNN, from the owner right down to the newscasters, has been in the tank for the Democrats ever since the company was formed. The founder, super wealthy, former Jane Fonda husband, and leftist lunatic, Ted Turner recently said that global warming would force us, in the next 30 years, to resort to cannibalism because our food supply would be gone. Someone call in the guys win the white coats. The CNN approach to news presentation is to trumpet and magnify any bad news for the country because that would imply bad news for Bush and good news for Democrats and Bush-haters everywhere. CNN, MSNBC, NBC, et-al are not about to point out that unemployment is still low, productivity is still high, and the Dow-Jones is still way up there. Instead, the media cannot stop telling us in every newscast that we have a home mortgage crisis. We don’t have a mortgage crisis. We have a leftist, scandal-obsessed media claiming we do and scaring the public into thinking we do. Of course, there are mortgage foreclosures among those who thought the housing boom would last forever, but most Americans have solid home loans that they are comfortably paying off. More Americans own their own home than any time in history. Reasonable loans are still available. Many of our economic indicators are still healthy. This so-called crisis is like all others during the last several years – media and liberal politician generated. In his book, The Sky is Not Falling, John Stossel wrote that the out of office politicians and the media told us “we had crises over avian flu, the Y2K threat to computers, imaginary cancer spikes caused by pesticides, killer bees flying up from Mexico, and uncontrolled population growth leading to a ‘Population Bomb’ that would bring riots and mass starvation by the year 2000.” It’s the same stuff.