Yes, exactly. I remember the Reagan years of prosperity described as the "decade of greed." Then when George Bush Sr. ran for president, the economy was described as ONLY being up 1.2% (the smallest increase since 19XX) or unemployment ONLY being down .3% or whatever. It was a drumbeat of pessimism from the media. Then when Clinton took office, the media changed their reports to "unemployment is much better than anticipated and has ONLY increased by less than 1%."We are going through the same idiocy.There was a cute political cartoon in the Spokesman yesterday. It had a pilot announcing possible turbulance to the passengers and one passenger was screaming that they were all going to die. The passenger was an economic analyst for the media.
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