More media fawning over Obama
Now, something’s wrong when the president invokes a formula that makes it impossible for him to be wrong and it goes largely unchallenged. It’s true that almost any government spending will create some jobs and save others. But as Milton Friedman once pointed out, that doesn’t tell you much: The government, after all, can create jobs by hiring people to dig holes and fill them in.If the “saved or created” formula looks brilliant, it’s only because Mr. Obama and his team are not being called on their claims. And don’t expect much to change. So long as the news continues to repeat the administration’s line that the stimulus has already “saved or created” 150,000 jobs over a time period when the U.S. economy suffered an overall job loss 10 times that number, the White House would be insane to give up a formula that allows them to spin job losses into jobs saved.
“You would think that any self-respecting White House press corps would show some of the same skepticism toward President Obama’s jobs claims that they did toward President Bush’s tax cuts,” says Mr. Fratto. “But I’m still waiting.
The above is from an Op-Ed in the WSJ.
Why is Obama getting this easy ride from the media, and not just in the US. look at the sycophantic way the NZ media behave whenever his name is mentioned.
It needs to be pointed out that the ObamaMessiah is not our friend.
Look at how his protectionist agriculture policies will hit our farmers, as Federated Farmers noted this week.
Then, we have his budget deficts sucking up all that capital, pushing up our interest rates for those with a long term mortgage.
His deficit will also keep interest rates high and prolong the global recession.
And that is before we even consider defence and regional security.