General Discussion

cthulu2016

(10,960 posts) Tue Jun 12, 2012, 11:56 PM Jun 2012

I may be in a bubble

Every time I see the Fed report on household net worth and income it feels to me like when McKay testified to Congress that there turned out to be no WMD in Iraq.

Finally! A smoking gun. Everything I've been saying is true, and now you bastards can't deny it!

But then I remember that not every person reads, "US Household Worth Demolished 2007-2010," as an obvious reason to vote for the incumbent.

That view, obvious to almost everyone here, is actually pretty nuanced. And particularly since, near as I can tell, the average American thinks recessions are caused by the deficit and low gas prices are a sign of economic growth.

The willful economic mis-education of the American people is down-right Orwellian.

3 replies

= new reply since forum marked as read

Highlight:

I may be in a bubble (Original Post) cthulu2016 Jun 2012 OP

Especially when you've got limpyhobbler Jun 2012 #1

Americans need to understand that this is the fault of Republicans MannyGoldstein Jun 2012 #2

What fox is selling... limpyhobbler Jun 2012 #3

limpyhobbler

(8,244 posts)

1. Especially when you've got

Reply to cthulu2016 (Original post)

Wed Jun 13, 2012, 12:14 AM

Jun 2012

media like fox "news" spinning it like President Obama is personally to blame for it.

MannyGoldstein

(34,589 posts)

2. Americans need to understand that this is the fault of Republicans

Reply to cthulu2016 (Original post)

Wed Jun 13, 2012, 12:33 AM

Jun 2012

What you Firebaggers don't understand is that, realistically, in the REAL world, Democrats have no choice but to do everything Republicans want. Because if we try to stop them, we might lose and they might get EVERYTHING THEY WANT!

Shudder!

Sincerely,

Third-Way Manny

limpyhobbler

(8,244 posts)

3. What fox is selling...

Reply to cthulu2016 (Original post)

Wed Jun 13, 2012, 12:37 AM

Jun 2012

"Surprise! Fox Hosts Blame Obama For Americans' Declining Net Worth"

...snip...

Fox Hosts Falsely Claimed Study Shows Net Worth Declined During "Last Three Years"

Patti Ann Browne: Fed Study Shows Net Worth "Down A Whopping 40 Percent In Just The Past Three Years." Fox host Patti Ann Browne said of the Fed report: "A stunning new report finds that Americans' average net worth is down a whopping 40 percent in just the past three years." Graphics aired during the segment correctly noted that the decline occurred between 2007 and 2010. [Fox News, Fox & Friends First, 6/12/12]

Steve Doocy: "Over The Last Three Years, The Net Worth Of The Average American Family Has Fallen 40 Percent." During an interview with Republican presidential candidate Mitt Romney, Fox & Friends co-host Steve Doocy said: "It was a jaw-dropping statistic that was flashed across the country yesterday. The Federal Reserve has figured out that over the last three years, the net worth of the average American family has fallen 40 percent, over three years." [Fox News, Fox & Friends, 6/12/12]

Sean Hannity: "If We Lost In The Last Three Years 39 Percent Of Our Wealth ... What Does That Mean In Eight Years Of Obama?" On his radio show, Fox host Sean Hannity said: "I can't imagine four more years. If we lost in the last three years 39 percent of our wealth -- family wealth has dropped 39 percent -- what does that mean in eight years of Obama? Eighty percent?" [Premiere Radio Networks, The Sean Hannity Show, 6/12/12]
...

http://mediamatters.org/research/201206120016

Not surprising but still irritating.

Reply to this discussion