Tuesday, February 20, 2007

Europe’s “Robust Growth is America’s “Soft Landing? Well According to MSNBC It Is


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Recently MSNBC, quoting Britain's Financial Times, called Europe’s economy “robust,” alluding to it’s 2.7% annual GDP growth, while noting that while it’s EXPECTED to grow at that rate this year, it hasn’t YET done so.

Oddly enough, the very same analysts call for a "soft landing" in the US with an expected 2.5% growth for 2006! So a 0.2% difference in annual GDP growth is the difference between "robust growth” and a "soft landing?"

Apparently to the folks at MSNBC it is!

Considering that the U.S. has, since 2003 had annual GDP growth of 3.7% (2003), 3.4% (2004), 3.2% (2005) and an estimated 3.3% (2006), why hasn’t America’s far greater than “ROBUST” economy been touted since 2003???


Could it be "media bias?"

2 comments:

Rachel said...

how is a continental 2% growth a soft landing for one country's 3% growth? Especially when said countries' employment rate is 5% or higher?

JMK said...

I guess it's all in the semantics, Rachel.

And it's even closer than 1%!

MSNBC touted Europe's projected 2.7% annual GDP Growth for 2006 (it hasn't grown at that rate yet), while calling America's 2.5% projected GDP growth for 2006 a "soft landing."

It sure does seem like a huge disparity in verbiage over a mere 0.2% difference in projected GDP growth.

Maybe it's part of NBC's overall lurch left.

So far that hasn't been an effective strategy, NBC Nightly News reportedly lost 400,000 viewers in early February and fell behind both ABC & CBS News, some claim as a result of William Arkin's commentary - he's the guy who wrote that "America's Troops Need to Support the American People," a column in which he said that the returning troops were fortunate not to be spit on and called "baby killers."

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