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Nation’s deficit analysis was way off the mark

Again, the News & Record accords “news” status to a poorly researched and transparently biased Associated Press analysis on the July 29 front page, except without the intellectual honesty to even label it as analysis.

Implying that George Bush is solely responsible for our red ink ignores an obvious point: Congress spends the money in this political system.

Cutesy graphics based on money thickness add drama but consume half a page that should have been used for more even-handed analysis. Using a graph that ignores the context of relationship to GDP is misleadingly biasing, even when acknowledged in the article’s text.

And I recall the stimulus package as being a joint administration-congressional initiative.

Finally, failing to isolate costs of the wars in Iraq and Afghanistan, and costs attributable to the terrorism on Sept. 11, 2001, and following, ignores (deliberately?) a historical reality: Wars escalate deficits well out of proportion compared to more peaceful times. During World War II, for example, the national deficit averaged more than 22 percent of GDP for five years.

As long as you continue to be led by the nose by the Associated Press monopoly and its so-called “journalists,” you will continue to fail your constitutionally protected duty. People can get crossword puzzles elsewhere.

Jim Mooney
Jamestown

Comments (19)

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rahrah [TypeKey Profile Page] said:

"Finally, failing to isolate costs of the wars in Iraq and Afghanistan, and costs attributable to the terrorism on Sept. 11, 2001, and following, ignores (deliberately?) a historical reality: Wars escalate deficits well out of proportion compared to more peaceful times. During World War II, for example, the national deficit averaged more than 22 percent of GDP for five years."

Perhaps, however, I'm pretty sure that this the first war in American history that hasn't been accompanied by an increase in taxes. So there's that.

ghost from white oak [TypeKey Profile Page] said:

As long as you continue to be led by the nose by the Associated Press monopoly and its so-called “journalists,” you will continue to fail your constitutionally protected duty.

This is so true, do you think they might be bias?
Most AP feeds are not news , they are liberal opinions passed off as news.

neocon [TypeKey Profile Page] said:

"People can get crossword puzzles elsewhere."

And they are, Mr. Mooney...in droves.

Dan [TypeKey Profile Page] said:

"And they are, Mr. Mooney...in droves."

Ad revenues for newspapers are way down, the SF Chronicle is losing $1 million PER WEEK. But according to the NYT it's due to the weak economy, not the fact that these papers spew out biased drivel everyday and many readers have had enough.

http://www.nytimes.com/2008/06/23/business/media/23paper.html

Howie G [TypeKey Profile Page] said:

So tell us, oh wise sages, where are the sources of "real" news, if not from the AP or NYT? Where is the unvarnished truth available?

Yvonne [TypeKey Profile Page] said:

"Congress spends the money in this political system."

Not without presidential approval.

I would not go so far as to say Bush single-handedly has led our nation to bankruptcy. However, he has tried really, really hard to do just that. Can anyone name any president who could beat Bush's record on approved spending?

I think the news reported in today's newpapers has little to do with their current situation. They, like the rest of the nation, are suffering a failing economy. I heard on NPR this morning this is the seventh straight month our nation has recorded job losses with no new jobs being created. Newspapers are a dying breed, not because they print stuff people disagree with, but because one can get the news from TV and internet without paying an extra dime. Not so with the printed versions of the news.

There are those who like to leisurely read the printed version while they have their coffee. However, the newspaper is not the primary news source for most Americans.

Howie G [TypeKey Profile Page] said:

But Yvonne, isn't it easier to blame it on the content than technology? I live far from G'boro, but I still stay close for free via the internet. Even when I lived there, I stopped the printed version a couple of years ago during the week because I got my news elsewhere.

But it's much easier to single out the NYT and SF Chronicle and say that they are dying out because of the liberal content than to actually address the fact that the medium has changed.

MemberName [TypeKey Profile Page] said:

Can a N&R staffer provide a link to the article in question. A news-record.com search for "deficit" comes up empty.

Nothing worse than a fanatic [TypeKey Profile Page] said:

Howie said, "So tell us, oh wise sages, where are the sources of "real" news, if not from the AP or NYT? Where is the unvarnished truth available?"

Howie, surely you were jesting with the reference to the NYT.

Try reading the Wall Street Journal. A portion of its content is not devoted to financial news.

(wondering if that fact will enhance your perception of the WSJ)

neocon [TypeKey Profile Page] said:

We should start a lottery on the date Chris Dodd and Chuckie Schumer will announce the government bailout of the nyt.

kjliberal [TypeKey Profile Page] said:

like most Republicans, Mr. Mooney, you like to engage in "magical thinking"...the deficit cannot be caused by a Republican Congress or Republican President...because they are Republicans...the party of fiscal responsibility...(not like those "tax and spend" liberaldemocrats)....dude, it was a Republican Congress who passed the huge tax cuts while simultaneously engaging in a 2-billion per week
war (while only asking Americans at home to keep on shopping).... but thanks to Republican voters like you, they get away with it (as long as
they wear flag lapel-pins and spew boilerplate about "supporting our troops")

Dan [TypeKey Profile Page] said:

"But it's much easier to single out the NYT and SF Chronicle and say that they are dying out because of the liberal content than to actually address the fact that the medium has changed."

Perhaps you could explain why conservative talk radio is a resounding success and liberal talk radio fails every time it's tried?

Perhaps you could explain why FNC leads CNN & MSNBC in the ratings?

neocon [TypeKey Profile Page] said:

"Perhaps you could explain why conservative talk radio is a resounding success and liberal talk radio fails every time it's tried?"

I don't know about that Dan, just look at NPR, they have been on th...

Oh, never mind. My bad.

rahrah [TypeKey Profile Page] said:

"Perhaps you could explain why conservative talk radio is a resounding success and liberal talk radio fails every time it's tried?"

Maybe its because conservatives are less literate or more insecure and need someone to tell them they're right. Maybe liberals are more environmentally conscious and think that turning off their radios is saving the planet or something crazy like that. Maybe liberals tend to be younger and more computer savvy so that's what they gravitate towards. After all, the radio is sooo 20th Century and liberals like to be 'progressive,' you know change and all that hullaballoo, while conservatives are happy to lament on outdated technology about The Way Things Were.

rahrah [TypeKey Profile Page] said:

"Perhaps you could explain why FNC leads CNN & MSNBC in the ratings?"

I have no answer here, I rarely watch any of them. 24 hour news stations are ridiculous.

Maybe when they start broadcasting in 3D holograms I'll watch....

Dan [TypeKey Profile Page] said:

Nice try but no cigar rahrah.

How about this one? I understand the NC budget has doubled in 8 years. We have a tax increase, are a fees increase every non election year. Yet the schools are not getting double, the roads are not getting double, the police are not getting double. Were the money going? Did you see this in the liberal news? NO WAY! WONDER WHY? rahrah, it must be you liberals are insecure, the American people want to drill for our own oil. Pelosi, and Reid block the vote. Many these two do not like Americans to think for themselves. Dan I think a good laxative is what rahrah needs.

Dan [TypeKey Profile Page] said:

Dog, I loved how Repubs tried to get a vote on offshore drilling today and San Fran Nan shut off the mics, TV and even the lights!!! Seems they'd rather take a five week vacation instead of solving energy problems. Of course I didn't see it on the MSM evening news tonight.

Cut rahrah a little slack, compared to Demon Deacon, he just needs an Advil from time to time.

rahrah [TypeKey Profile Page] said:

Nah, Dog. I prefer stool softeners.

It was mostly a joke anyway.

Although, personally I prefer the computer over the radio or tv. No commercials. Quick access to anything anytime. No talking heads, except for places like here where I can talk back. I actually get most of my news from Time magazine when in medical waiting rooms, which is often, and from my sister's discarded weekly, 'The Economist.' Course, I watch the Daily Show and the Colbert Report. They fill my need for sarcasm, satire, and a disdain for cable news networks.

"Seems they'd rather take a five week vacation instead of solving energy problems."

As for that--it might be true if offshore drilling was the definitive answer to our drilling problems. But they could always vote on something else. If anybody needs a laxative, it's Congress.

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