AS OF TODAY, THE ECONOMY IS DOING GREAT, WHY WON’T THE MEDIA SAY SO?
So I can’t remember the last time I was reading the news, watching or hearing and had the impression (nay, reporting) that the economy was doing well. I’m going to hazard a guess it was when the stock market was booming overall. And right now, if I just “paid” attention to the news, I’d have no idea the current American economy is, well, great. But for some reason, the media simply won’t say that. They will report positive numbers and developments, and then explain how that’s not actually great news, usually starting the explanation with the word, “but.” Yet today, somehow, despite all we’re told, the numbers say the economy is simply great.
A 4.9% GDP INCREASE THE LAST QUARTER MEANS THE ECONOMY IS GREAT, RETAIL SALES AMAZING
No, really, the numbers don’t lie. In the last quarter, the GDP grew at a rate of 4.9%. That’s way better than expected and is normally a sign of strong economic growth. Consumer spending alone jumped by 4%, way better than the second quarter’s rise of only .8%. That’s…. Great. It is the media saying the economy looks great? No, they’re saying even though retail sales have been much better, it’s still more important to be concerned how wages haven’t grown to the same degree. Or, rather, wages are “flat” in comparison. So is the economy doing great?
“BUT THIS” IS A CONCERN, SAYS THE MEDIA, TO EXPLAIN HOW THIS GREAT ECONOMY IS ANYTHING BUT, ALWAYS
No. Not really and pretty much not at all, if you listen to the media. “But” this and “but” that is all you hear about to keep you concerned, right as we inch closer to Election Day, 2023. Stay afraid, or at least concerned, that life is still getting more challenging -even though the economy is doing literally great. But even more, be sure stay tuned to the very same media outlets 24/7 and be sure to watch all the commercials. Because the only economy the media thinks is great is the kind that makes you anxious enough to keep coming back for more informational misery.
But really, right now, the economy is doing great. Right up until we are so convinced we need to stop spending money as consumers. Then? The self-fulfilling prophecy will lead you right back to your own person, cultural media cycle of the sky is falling.