Pessimism
-- Jayson
PoliPundit.com
On Wednesday, August 24, 2005, Edward Iwata of USA Today reacted to a report that existing home sales had fallen in July by penning the following:
The U.S. housing market remains strong but is chilling a
bit, with the annual rate of July home sales falling 2.6%
from June, the National Association of Realtors said
Tuesday. (Emphasis added.)
And the remainder of that piece is quite the gloom and doom story. Much in the way of space is devoted to the alleged slowdown of the housing market train.
Literally the next day, August 25, 2005, the same writer, for the same paper, reacted to a separate report on new home sales by saying:
The Commerce Department said Wednesday that new home
sales surged to a record in July, fanning the debate
about whether the torrid housing market is an investment
bubble poised to pop. (Emphasis added.)
Mmm, hmm.
Okaaaay, then.
Sales go down slightly – month-over-month.
Bad news.
Sales go up sharply – month-over-month.
Bad news.
It’s all bad news.
Gloom
Doom.
Vote Kerry!
Yep.
And that, my friends, is the way things will be, in the mind’s eye of the media, for as long as George W. Bush remains President of the United States of America.
And if the GOP nominee were to prevail in Nov. 2008, then the bad news will continue – day after day – until the very moment the polls close in Nov. 2012.
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