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The Pitch: April's Continued Decline in Home Prices Better April's YoY home prices declined 18%, but by not as much as March's numbers declined. Gee … get out the party hats. Them there are green shoots for sure.
Oooops … wait a second. Let's go look at April 2008's numbers. Could it be … might it be … that the reason for the decrease in the rate of decline from March 2009 to April 2009 is that April 2008 numbers were BAD?
By golly they were. The drop from March 2008's numbers to April 2008's numbers was bigger. Net, net, net … home prices are still declining and those aren't green shoots. The cumulative negative just keeps getting bigger.
But … did somebody invest in the stock market because of this wonderful news of economic recovery. Dang … probably. Well then … Obamican propaganda and the skillful art of lying with statistic have accomplished a victory.
Click Here to read all of this editorial.
Media's love affair with O getting old In Wednesday's hour-long, prime-time, health-care special infomercial, ABC wouldn't let any opposing voice on the program for O to wrestle with. He got to perform solo with no up-staging by any other actor on the scene.
It was a “political contribution masquerading as news coverage,” says Mattt Mackowiak in the Philadelphia Inquierer.
“But the fawning coverage has not been limited to the broadcast networks,” he said, according to the Center for Media and Public Affairs, of “comments in the New York Times during O's first 50 days…73 percent of them were favorable.”
Pew Research Center said in comparing O's treatment to other presidents during a similar time period, his coverage was 42 percent favorable as opposed to Clinton's 27 percent and Bush's 22 percent. Click Here to read all of this editorial.
The pariah of the street takes to the streets Wall Street's biggest trade group has started a campaign to get to the man in the street, and make him trust and like them again. Grass roots, city-to-city operations prepared for public consumption have begun.
At a June 17 meeting of the Securities Industry and Financial Market Association (SIFMA) it was decided that at $85,000 a month a program of lobbying, polling and public relations would help counter the “populist backlash” against banks.
Banks have to be “recognized as playing a positive role” in solving the problems of our foundering economy they said.
Away with the history of contributing to the problem – even being the main contributor. With our 85 grand a month we'll prove it -- they think.
Bankers: “We never did anything wrong. You just used us wrong. Got that? It was you. Click Here to read all of this editorial.
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