Democrats Cry "Recession" to Confuse the Public and Harvest Votes

Ever since President Bush took over as President, Democrats have been crying "recession" or "depression" more often than the little boy who cried wolf. They would have you believe that the best way to revive our economy is to vote for Obama or Hillary, but all they promise are policies that will bring back the good old days of Jimmy Carter: higher taxes, going after Big Oil instead of seeking their cooperation, etc. The day a Democrat is elected President, the Big Media will back off trying to stir up panic over the economy - at a time when we should really start worrying.

Donald Lambro, in his article, "Dems' Recession Obsession a Mistaken Impression," quotes President Reagan's witty rebuttal of Democrat charges that he didn't understand the meaning of the word depression. "Well, if it's a definition he wants, I'll give him one. A recession is when your neighbor loses his job. A depression is when you lose yours. Recovery is when Jimmy Carter loses his."

Lambro makes the following summary of the situation:

"Democrats want us to believe the economy is in crisis, but it isn't. We are in a sharp slowdown, one of many our country has experienced and overcome many times before. It is instructive to recall the economic upturn in the second half of 2003 in response to the Fed's deep rate cuts when "stocks, bond yields and the economy all soared," Malpass notes. At this point, there are glimmers of recovery that suggest this downturn may be shorter and shallower than anyone predicted. Americans are understandably pessimistic, in part by what is going on in their states and communities, but also due to a drumbeat of negative stories on the nightly television news, a gloomy oracle that sees nothing but doom ahead.

"Yet through it all, we remain the largest economy in the world, producing $14 trillion worth of goods and services each year, selling $1.4 trillion of stuff abroad in a vigorous global economy running flat-out on trade. We got whacked hard by the housing collapse and credit crunch, but it's good to remember that we have a very resilient economy that has pulled us out of innumerable panics, recessions and depressions."