TV News LIES

Sunday, Sep 21st

Last update02:53:50 AM GMT

You are here News Editorials Bruce Enberg: We're not Fair and Balanced, we tell the truth

Bruce Enberg: We're not Fair and Balanced, we tell the truth

E-mail Print PDF

truthNew unemployment claims dipped to 284,000 in the past week, and this is the lowest number since the week of February 18 2006. This was about the time that it became apparent that the Bush Depression was going to happen. History tells us that without significant gov't intervention it takes about ten years to recover from a Bank Panic, that's what they used to call these things prior to the New Deal that made bank crashes impossible to happen.

Of course Reagan, Bush, Clinton & Bush undid all of those regulations and safeguards with the predictable result.

So now we're seeing the recovery start to pick up speed, but let's be clear, it's not because Obama has been able to do much to fix things. He just hasn't done any new damage and has more or less kept the Republicans in check. Corporate America is another matter, despite record stock prices, record profits, record CEO salaries and trillions in cash on hand they are refusing to invest at pre-crash levels.

Just returning to those levels of investment would create 2 million new jobs, but they'll have none of it, and why should they? Things are going swimmingly for the very few at the top and it only stands to get better for them as the US drifts into its place as the largest third world economy.

The Federal Reserve has been trying to force their greedy corporate hands by creating inflation with only modest results. The Fed is basically too timid to take the kind of 'reckless' action that it would take to convince corporate America that they'd better try harder to make money, or watch their personal holdings evaporate to inflation.

More...


Most Recent Related Stories...


Bob Alexander: By My Clock It’s Always 9/11

9/11I wrote this about 4 years ago:We were in a canoe paddling towards the middle of...

Bruce Enberg: Are you Pent-up?

federal reserveFederal Reserve Chair Janet Yellen just introduced a new term into Fed Speak', "pent-up wage deflation"....

Bob Alexander: Postcard From Another World

British ColombiaA friend recently wrote me:Remember the realization back in the early 70's that the whole country...

Kareem Abdul-Jabbar: The Coming Race War Won’t Be About Race

Kareem Abdul JabbarWill the recent rioting in Ferguson, Missouri, be a tipping point in the struggle against racial...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!