Feb
28
All the News That’s Unfit, from Gregory van Kipnis
February 28, 2007 |
NYT, February 28, 2007 ECONOMIX A Recession That Arrived on Cats' Paws
By DAVID LEONHARDT The nation's manufacturing sector managed to slip into a recession with almost nobody seeming to notice. Well, until yesterday.
The misleading New York Times headline suggests recession is here. The bias is manifest. I guess liberals want a larger market correction?
George Zachar replies:
You're way too kind. They want a visible recession and a nasty asset price decline to use as rhetorical clubs through the 2008 election cycle. Their academic sock-puppets hit my email box this morning with gloating doomsterism. Expect at least a full week's news cycle of chronicmania.
Unless there's a photo of Anna Nicole necking with Elvis in a Des Moines Burger King…
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