Things Aren't So Bad

Peter Bronson over at the Cincinnati Enquirer makes a really good case that things aren't so bad. Read Here. The Press and some vindictive liberals (Axis of Weasels) have been talking us into a recession for years. Well, they still haven't succeeded. So, Nyah!

Excerpts:
And why do the politicians always blame "Big Oil"? The oil companies make less profit on a dollar (9 cents) than McDonald's (12 cents) or Microsoft (27 cents). Oilmen were not the pinheads who voted to burn corn ethanol and cause a worldwide food shortage to appease farmers and environmentalists.

The misery index - inflation plus unemployment - shows that the Bush years (7.89) are better than the Reagan years (12.19); more than twice as good as the Carter years (16.27); and only nine (.09) points worse than the Clinton years (7.8). (Silverfiddle note: Economically, the Clinton years and the Bush years are indistinguishable.)

Media research by John Lott Jr., author of Freedomnomics, showed: "Over 78 percent more negative news stories discussed a recession when the economy under a Republican was soaring, than occurred under a Democrat when the economy was shrinking."

In the final year of the Clinton administration, polls showed voters didn't know the country was in a recession, thanks to the media. But this year, even while the economy has been growing, headlines whine relentlessly about recession.

Other Points to Ponder:

* We are sitting on perhaps 4 billion barrels of oil, but congress won't let us tap it.

* Here's a reminder for those who call a 9% profit by oil companies obscene: The gas tax is 18.4% and the Diesel tax is 24.4%. The diesel tax is especially egregious since it cuts into the profits of truckers who haul our stuff across town and across the country