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February 27, 2007
Dow Plunges Over 400
Well, I guess that's one way to get the media to report on the stock market and economy, huh?
A harbinger of the coming recession, we'll now be told.
Coming recession?
Last time I checked the media was still permitting Democrats to claim we're currently in a recession without any sort of challenge, fact-checking, or truth-squading.
And so the media's reporting will go precisely as I said. The new business cycle, at least when a Republican is President, is recession -- (guilty whistling) -- contraction -- recession.
That whole "expansion" part never gets reported on, until it's over.
Corrected: I wrote "over 500" originally. I thought that's what the information was at the time, but perhaps I misread.