Top Ten Pieces of Bad Economic News The Media Isn't Covering

As Nolte allows, each of his links goes to a media piece -- so they are mentioning it. But there's a big difference between mentioning a fact and pushing it as a Matter of National Conversation, and right now the media is too busy pushing Bain attacks to note we seem to be accelerating in our fall into a recession, or a confirmed depression.

Among the worst of the tea leaves: Mid-Atlantic manufacturing activity contracted again, the Conference Board's leading economic indicators dropped .3% (same link), and US home sales dropped 5.4% to the lowest level since October. On the confidence front, 63% of the country erroneously believes we're in a recesssion (we're in a depression).

Obama has, incidentally, logged more hours playing golf than attending economic meetings.

Green Shoots

You're gonna want to hit the ball hard and sharp. They haven't mowed the green in a week, so the long blades will bring a lot of drag to your putt.

posted by Ace at 12:51 PM

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