Is misspeaking the same as being economical with the truth?

Well one thing is for sure, while the neo-cons have been busy misspeaking and misdoing they haven't been busy looking after the US economy. While they continue to misspeak about the realities of the economy other people are looking with increasing concern about how fragile the much advertised "recovery" is. In the USA the recent IMF World Economic Outlook report didn't receive much attention, hardly surprising, it wasn't much to shout out about and for once the neocons have something we should fear that they are not raming down our throats. Funny how that happens - its always the remote and intangible boogey men that they want us to be afraid of, not the skeletons in the closet at home. Those US news sources that did say something about the IMF report tended to put a nice positive spin on it. CNN lead with "Global economy picking up", and CBS News reported "U.S. Can't Rescue World Economy" as if to say our economy is doing so well, but the rest of the world is doing so badly we just can't be expected to save the rest of the world this time.

However the Guardian story IMF warns trade gap could bring down dollar paints an altogether picture. The outside perspective is that the IMF is saying the US economy is the one that is jeopardizing the entire world economy. Our record deficit, the trade gap, record consumer borrowing, and potential crash in the housing market all spell doom and doom for our economy, the strength of the dollar and hence the world economy. The killer comment is from IMF Chief Economist Kenneth Rogoff:

"If we were looking at a poor developing country, the world gives them just enough rope to hang themselves. A country like the United States, they give them enough rope to tie the noose around their neck several times. But it does happen in the end,"

I hope that the Misspeaker in Chief and his other cronies in the Matrix of Evil can feel the noose tightening. Guys, the last step is a long one down, watch out for the jerk at the end - that'll be you!

0 Comments:

Post a Comment