Sunday
Apparently it is news that the UK is still in recession, or as the headline says Economic recovery in UK 'on hold'.
On hold? The government is debasing people's saving as quickly as possible and stripping money out of productive sectors and pumping it into unproductive sectors, and generally trying their damnedest to drive businesses and wealth creators out for years now... and the fact this is tearing a huge hole is surprising to who exactly?
It's the BBC. They are all recruited via the Guardian. They really cannot see the bias, they honestly think they are offering fair and balanced analysis. There is no way this institution can be reformed, it is what it is. You either get rid of it, or put up with it. Green Dave and his pals clearly will put up with it.
Posted by John K at July 20, 2009 10:24 AM
The point is to get the words "Economic Recovery" into peoples' heads as often as possible. What comes after, in the article or even the rest of the headline, hardly matters at all, so brief has become the attention span of the average voter.
Repeat the lie a million times, the hold the election.
Mock ye not, it may yet work for them. It is time to be afraid.
Posted by Andrew Duffin at July 20, 2009 12:14 PM
It would actually be worse if the plan was working.
The plan being to create a temporary boomlet (at the expense of a long term destruction of the capital structure by the vast new debt and credit money expansion).
In spite of all warnings some money has still gone into the stock markets over recent months (just as people, for example on the Glenn Beck show, back in Janurary-Febuary predicted would happen in the summer of 2009).
However, at least there has not been "economic growth" - which really would have tempted the general population to put their money into the markets. Money they would then lose over the next few years. Such things as the rise in American unemployment to 9.5% (when Comrade President Barack Obama swore would not go over 8% if his stimulus plan was passed - which it was, without anyone even reading the measure), have warned people that their rulers are liars and worse.
"Invest for the long term".
Only if the prospects for the next few years (what is really meant by "the long term" in an investment context) are good. And prospects are terrible.
Posted by Paul Marks at July 20, 2009 01:22 PM
Most people alive today haven't been through tough economic times, or they were very young and shielded from such things by parents. Recessions since the '80s have been pretty short and shallow, ending in a year or two. This one has gone on long enough to be about over, right?
Also, most reporters just don't know anything about economics, and what they think they know is wrong. So who can be surprised when they just scribble down the government line?
Posted by Eric at July 21, 2009 01:40 AM
