Holiday results lukewarm

Holiday Sales up 22% From Last Year

Which is it? Both can’t be true at the same time. Either sales are up or sales are down. Looking at the articles and all the associated articles, it appears that sales are up (20+%) across the entire market. The negative numbers are specific sectors or sub-sections (enclosed malls). It appears that the negative articles are written such as to indicate that the market and economy are doing much worse than they really are. This isn’t the first time.

There is a significant amount of “talking down” of the economy. You can see this in the housing bubble theories, companies not doing enough, and the dire predictions of a weak holiday season (since proven untrue).

Unemployment is at 5.0%, despite two hurricanes. This is roughly half the rate of unemployment throughout most of Europe. Current income is up, GDP is growing (3.8%), and the stock market is up. Despite this, pundits insist that doom and gloom is coming even though economic indicators will continue to show increases.

Let’s be honest a moment, it isn’t the Republicans campaigning on a bad economy, it’s the Democrats. It’s in their campaigns that the economy is in the tank and everyone is suffering despite the complete lack of any evidence to support it. Income is up. Home ownership is up. Unemployment is down. Home values are up. Almost every traditional indicator shows that the economy is growing, yet the perception is fostered that we are heading towards the Great Depression.

This trend in reporting shows two things. Democrats are beyond using facts to scaremonger voters about the economy. Instead of coming up with a platform to better America, they spend their time telling America how bad things are. Facts be damned. Second, it shows that the press, once again, is in the tank with the Democrats agenda and is carrying the water for them. The story is a roaring economy, but they search and scour for some shred of evidence to talk it down. Objective reporting or campaigning? I think the answer is clear.

Said jcb @ 12:27 pm | Permalink   

1. A mathematician, an accountant and an economist apply for the same job.
   The interviewer calls in the mathematician and asks “What do two plus two equal?” The mathematician replies “Four.” The interviewer asks “Four, exactly?” The mathematician looks at the interviewer incredulously and says “Yes, four, exactly.”

   Then the interviewer calls in the accountant and asks the same question “What do two plus two equal?” The accountant says “On average, four - give or take ten percent, but on average, four.”

   Then the interviewer calls in the economist and poses the same question “What do two plus two equal?” The economist gets up, locks the door, closes the shade, sits down next to the interviewer and says “What do you want it to equal?”

   Comment by Uncle Jack — 11/28/2005 @ 12:39 pm

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2. Web Clicks For Many Shoppers

   The official holiday shopping season appears to have gotten off to a lukewarm start in traditional b

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3. Re: Uncle Jack

   I think you have accountant and economist mixed up… Funny never the less. It may be a criticism, but hey, it was still pretty funny.

   Comment by jcb — 11/28/2005 @ 2:06 pm

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4. Wait, I was poking fun at myself, I’m the economist. or wait, was that a jab at accountants?:???:

   Comment by Uncle Jack — 11/28/2005 @ 3:28 pm

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5. Weblog Award Nominees - Good Luck

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