pinkmonkeybird

...busting up my brains for the words

Wednesday, August 11, 2004

Krugman's omission

I've posted this piece over at BowieNet's Politics & Religion forum.

Paul Krugman writes in the agenda-driven NYTimes. Neither he nor his newspaper are willing to report news or editorial that is fair and balanced.

It will be noticed in Krugman's piece, Spin The Payrolls that nowhere does he mention the factors that hampered job growth; the Enron Scandal or the terrorist attacks of 9/11. At least he addressed the Clinton Recession. These are the three factors that the Bush Administration blames for a lackluster economy of the past four years. Krugman and the NYTimes have their own spin. If Krugman wants to be taken seriously he should take care to include facts that round out the true picture.

1 Comments:

  • At 8:26 AM, Blogger Roger Snowden said…

    Enron had nothing to do with job growth, or non-growth. In fact, what you describe as a "lackluster" economy is in fact quite robust. While the nonfarm-payroll number was disappointing last month, showing only 32,000 new jobs, the obvious overlooked news was the household survey numbers that showed well over 600,000 new jobs created. I just looked at an article in the new Business Week that confirms this-- discussing the surprising strength of payroll-processing vendors.

    This economy has all the measures of strength that were lacking in the '96 Clinton reelection, when he was bragging about 5.6 percent unemployment. Now it is 5.5 percent.

    The problem is, the press won't tell the whole story. They are interested in promoting Kerry's idea that this is the worst economy since the Great Depression.

    Pure bunk, of course.

     

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