At some point, you’d think they would feel embarrassed by their propaganda…
Obama’s first Council of Economics Advisers chairman, Christina Romer, whose scholarly work is widely respected, famously predicted that the February 2009 stimulus package would hold unemployment below 8 percent.-AP File
Unexpectedly!
As megablogger Glenn Reynolds, aka Instapundit, has noted with amusement, the word “unexpectedly” or variants thereon keep cropping up in mainstream media stories about the economy.
“New U.S. claims for unemployment benefits unexpectedly climbed,” reported CNBC.com 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. Reynolds has been linking to similar items since October 2009.
Mainstream media may finally be catching up. “The latest economic numbers have not been good,” David Leonhardt wrote in the May 26 New York Times. “Another report showed that economic growth at the start of the year was no faster than the Commerce Department initially reported — ‘a real surprise,’ said Ian Shepherdson of High Frequency Economics.”
Read more at the Washington Examiner: http://washingtonexaminer.com/politics/2011/05/pro-obama-media-always-shocked-bad-economic-news



