Back during the 2003-2007 expansion the media claimed the economy sucked. Granted, compared with the 80’s and 90’s the economy was not as hot. The only thing driving the economy was the housing bubble. Incomes were stagnant and the cost of living was increasing. It wasn’t the best of times but by no means was it the horror the Progressive media claimed it was. GDP growth averaged 3% and job growth was 150,000-250,000. It wasn’t great but at least people found work. The unemployment rate dropped from a peak of 6.3% in 2003 to 4.4% in 2007. The pay may not have been great compared to the 80’s and 90’s but at least you were able to find work and maybe even a good job, yet the media called it a horrible economy. The truth was it was far from horrible, it was decent. Not great like previous decades or like the horror we are living through.
Contrast that with how the media describes the economy now. For all of 2011 the GDP grew at 1.7%. An anemic number by any standard. The standard of living has decreased for most Americans, yet the media is portraying it as an economic golden age. Week after week, the media hypes up mediocre economic numbers. Take a look at this headline from CNBC.
Economic Growth Picks Up, So Why All the Gloom?
Can you imagine them having that headline during Bush’s Presidency? They would be saying its a anemic economy. Not with the False Messiah in charge. Nope. Instead they claim the economy is roaring like never before. The Obama Boom is what I have dubbed the Left’s hype of this economy. So the question is, why?
I know the answer as to why the media is giving Obama a pass with this anemic economy, where not only jobs are scarce but wages have declined (not remained stagnant, but have declined!) It’s because Obama is black. If Obama was a White Democrat the media would have crucified him the way they did LBJ and Carter. But since he’s the first Black President they are giving him a pass.
The reason Obama being black gets him a pass has to do with the racism of low expectations from the left. Progressives view Blacks as biologically inferior and unable to compete with Whites. So they lower the standard for their performance. This is seen in education and in the workplace through affirmative action. When successful Blacks appear, like Herman Cain, the media destroys them. It shatters their wold view of White Supremacy.
Obama is an affirmative action President. The Left excuses his terrible economic performance due to their perception of his inability to reach higher standards. So results that would have destroyed the Presidency of a Republican or White Democrat don’t apply to Obama in their minds. He’s black and that’s the best he can do is their reasoning. The Progressives are racist and this affirmative action Presidency is a perfect example. Obama is a result of the Left’s racism of low expectations. The Democratic Party is still the party of the KKK.
