The Logic Lifeline

A logical approach to sorting out world events. Where logic, opinion and speculation are combined to produce a reasoned, but entertaining reading experience. The unofficial hometown conservative blog of Woodridge, Il

Sunday, August 26, 2007

Foreign Paper Dredges up Clinton Hack to Rip Economy

The UK Telegraph has a story claiming former US Treasury Secretary Larry Summers from the Clinton Administration is predicting a possible recession. I find the whole source and setup of the story quite odd. First, why does a foreign newspaper find the need to start forwarding stories about the direction of the US economy? While the liberals have been pitching and moaning about the economy since Bush took office and inherited the dot-com bust from the Clinton Administration, the fact is that the US has had a very long growth run under the Bush Administration. As certain elements of the economy materialize and are put in side by side comparisons with the Clinton years, it is becoming obvious why the liberals (no matter which country they be from) are getting nervous.

I would also note a major example of CFL (see my posts on what I call CFL here and here) where the media leaves out the answers to obvious questions. Here Larry Summers states:
"It would be far too premature to judge this crisis over," Mr Summers said. "I would say the risks of recession are now greater than they've been any time since the period in the aftermath of 9/11."

The heading of the story introduces Summers:
"Former US Treasury Secretary Larry Summers..."
In addition to the Telegraph leaving out which administration Summers worked for ('telegraphing' to me that it was Clinton), they completely leap-frog over the context of the quotes. When and where did Summers make these statements? Who did he make these statements to? What was the context before he began making such dire predictions? Was he asked a question and by whom? Or was he giving a speech and to whom?

The transparent motives and poor quality in news pieces today are becoming far too common. As a firm believer in free speech, I recognize their right to spew their nonsense. However, they do not have the right to retain any credibility for objectivity and accuracy after they are done. The liberal media never tires of carting out former Clinton officials to provide apples to oranges commentary on the Bush Administration. If Hillary or another Dem gains the White House, don't hold your breath waiting for officials from the Bush Administration for comment. There will be one exception to that: they will select members Bush carried over from the Clinton years and label them as former Bush Admin officials. They never miss a trick.

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  • At 6:30 PM, Blogger LASunsett said…

    The Telegraph is a far-left paper, it should come as no real surprise that they would accentuate the negative, in this case. Truth be known, the economy is always a step away from a recession due to potential unforeseen circumstances. But that doesn't mean that it will result in a recession.

    As you said, the economy has been strong for a while. Therefore, the law of averages says that it will hit a downturn, now and then, after a period of growth. It doesn't mean we are headed for massive unemployment or any other disaster, just because of it. But the real clincher is this, recessions are never a direct result of Presidential policies, at least not in a free-market economy. Many on the left are quick to credit Clinton for 8 years of solid economic performance. But in reality, it was the free-market.

    In contrast, they have not credited Bush with anything positive about this growth (as well, they shouldn't). But, when things look the least bit bleak, they will all pile on.

  • At 8:54 PM, Blogger All_I_Can_Stands said…


    I have only come across 2 types of newspapers: left and far left. It is not just that they lean left, but the accompanying lameness makes them unbearably nauseating. The way they skip over key information (CFL) tells me the info is damaging to their content.



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