These Are The Charts Showing "Obama's Recovery" That Angered The Washington Post
hey kids, speaking of fake news...let's revisit this 'journalistic' arm of the democratic party recently acquired for a fraction of the value of a tabloid like Buzzfeed.
here they *ahem: 'fact check' some facts. the wapo man's name could likely be Fake Fakerson or Dumb Dumberson. :lol:
As regular readers know, one of our favorite chartpacks to show "Obama's recovery" is the one below, presented most recently just two days ago during Obama's now almost weekly televised sermon of how the economy is great and anyone who disagrees is "peddling fiction", which using simple Bloomerg data, summarize recent changes in key economic indicators including soaring federal debt and government dependency via food stamp use, surging healthcare costs and social inequality, plunging homeownership, income, and labor force participation, and - of course - driving it all, none of the president's or Congress' actions, but the Fed's balance sheet, something even major banks admit is better known as "printing money" - money that ends up blowing one after another asset bubble unable to finds its way into the broader economy - a stigma that is now gone in a world in which helicopter money is seriously considered by lunatics in power.
To be sure, the charts do not in any way imply that Obama started any of these disastrous trends (with a few exceptions); they do however make it very clear that more than 7 years under president Obama, these same trends have not changed.
This means that while Obama may have inherited a bad economy, contrary to the endless propaganda, the economy has only gotten worse. One needs only to go on a very short drive through any of the neighborhoods of Obama's native Chicago to get a clear realization of this sad fact (while wearing a bulletproof vest).
Then yesterday, we were pleasantly surprised to see that none other than Donald Trump used this very chart set to demonstrate a point, namely that "Obama's legacy is an absolute disaster", something we doubt many would disagree with.
However, one entity that would naturally be offended by nice simple charts which factually expose the failure behind both the propaganda and Obama's attempt to jump start the economy, was Jeff Bezos' Washington Post, an outlet which has had a long-running vendetta with Donald Trump, and, apparently, the facts.
We were beyond amused when the WaPo's decided to "fact check" these charts which are, well, based on facts sourced by the very government the WaPo so strenuously defends.
The purchased by Jeff Bezos website writes that "we have generally learned that there's not much utility in fact-checking every tweet that springs to life from the imagination of Donald Trump or which receives his blessing via retweet. Tweets containing factual errors are not as plentiful as those containing exclamation points or disparagement, but they aren't exactly rare. But on Thursday evening, Trump retweeted this one, and we -- well, I -- couldn't let it stand."
As author Philip Bump, who apparently has never encountered a Bloomberg terminal before, says, "there are nine little graphs embedded in there, with hard-to-read axes and unclear provenance for the numbers, all of which are meant to bolster one argument: Barack Obama's presidency has been bad."
Well, Philip, you can interpret the "bolstering" in any way you want, what you can't however interpret are the facts - which is what those charts show. Of course, everyone can make up their own conclusion about what the ongoing economic deterioration means: one can even say that almost 8 years later, it is still "Bush's fault."
Alas, we were naive to assume that the WaPo can't "fact-check" charts based on facts. Because that is precisely what they did. And in doing so it provided much amusement. Case in point, the author's "analysis" of the Fed's money printing by way of proxy of its balance sheet, something this "fact-checker" apparently couldn't figure out. Instead, he said the following.
read on boys and girls:
These Are The 9 Zero Hedge Charts Showing "Obama's Recovery" That Angered The Washington Post | Zero Hedge
this gentle readers, is how the public becomes 'informed' by your betters, your moral and intellectual superiors.
hey kids, speaking of fake news...let's revisit this 'journalistic' arm of the democratic party recently acquired for a fraction of the value of a tabloid like Buzzfeed.
here they *ahem: 'fact check' some facts. the wapo man's name could likely be Fake Fakerson or Dumb Dumberson. :lol:
As regular readers know, one of our favorite chartpacks to show "Obama's recovery" is the one below, presented most recently just two days ago during Obama's now almost weekly televised sermon of how the economy is great and anyone who disagrees is "peddling fiction", which using simple Bloomerg data, summarize recent changes in key economic indicators including soaring federal debt and government dependency via food stamp use, surging healthcare costs and social inequality, plunging homeownership, income, and labor force participation, and - of course - driving it all, none of the president's or Congress' actions, but the Fed's balance sheet, something even major banks admit is better known as "printing money" - money that ends up blowing one after another asset bubble unable to finds its way into the broader economy - a stigma that is now gone in a world in which helicopter money is seriously considered by lunatics in power.
To be sure, the charts do not in any way imply that Obama started any of these disastrous trends (with a few exceptions); they do however make it very clear that more than 7 years under president Obama, these same trends have not changed.
This means that while Obama may have inherited a bad economy, contrary to the endless propaganda, the economy has only gotten worse. One needs only to go on a very short drive through any of the neighborhoods of Obama's native Chicago to get a clear realization of this sad fact (while wearing a bulletproof vest).
Then yesterday, we were pleasantly surprised to see that none other than Donald Trump used this very chart set to demonstrate a point, namely that "Obama's legacy is an absolute disaster", something we doubt many would disagree with.
However, one entity that would naturally be offended by nice simple charts which factually expose the failure behind both the propaganda and Obama's attempt to jump start the economy, was Jeff Bezos' Washington Post, an outlet which has had a long-running vendetta with Donald Trump, and, apparently, the facts.
We were beyond amused when the WaPo's decided to "fact check" these charts which are, well, based on facts sourced by the very government the WaPo so strenuously defends.
The purchased by Jeff Bezos website writes that "we have generally learned that there's not much utility in fact-checking every tweet that springs to life from the imagination of Donald Trump or which receives his blessing via retweet. Tweets containing factual errors are not as plentiful as those containing exclamation points or disparagement, but they aren't exactly rare. But on Thursday evening, Trump retweeted this one, and we -- well, I -- couldn't let it stand."
As author Philip Bump, who apparently has never encountered a Bloomberg terminal before, says, "there are nine little graphs embedded in there, with hard-to-read axes and unclear provenance for the numbers, all of which are meant to bolster one argument: Barack Obama's presidency has been bad."
Well, Philip, you can interpret the "bolstering" in any way you want, what you can't however interpret are the facts - which is what those charts show. Of course, everyone can make up their own conclusion about what the ongoing economic deterioration means: one can even say that almost 8 years later, it is still "Bush's fault."
Alas, we were naive to assume that the WaPo can't "fact-check" charts based on facts. Because that is precisely what they did. And in doing so it provided much amusement. Case in point, the author's "analysis" of the Fed's money printing by way of proxy of its balance sheet, something this "fact-checker" apparently couldn't figure out. Instead, he said the following.
read on boys and girls:
These Are The 9 Zero Hedge Charts Showing "Obama's Recovery" That Angered The Washington Post | Zero Hedge
this gentle readers, is how the public becomes 'informed' by your betters, your moral and intellectual superiors.
