Another con by The Telegraph and AP

The Telegraph has joined with the AP again today in order to con the people of middle Georgia on the economy. They are trying to sell the idea that even though the Democrats are a majority in the United States Government it is the Republicans who are to blame.

They use a total of 1138 words to con the reader. 

The title of the article in print is “Economy unexpectedly shrinks in 4^th quarter”, in the online version the title is “US economy shifted into reverse in late 2012”.  Both are from AP’s Christopher S. Rugaber the AP economics writer and the old boy is known for the way he twist things otherwise his work would not be on the pages of The Telegraph on online at www.macon.com

What they are doing is laying the ground work to blame the “Sequestration” which is due to kick in on March 1 of this year on the Republicans. The idea for this gross blunder originated in the White House and someway or somehow the blame for this has to be shifted to the Republicans. You have to remember you cannot con the people by telling them the truth.

They tell the reader that “economists” say the cause “could prove temporary and the likelihood of another recession appears remote.”  You notice Rugaber does not know enough about his subject to name the “economists” or perhaps he does not want anyone checking his sources or he could just be making the entire thing up.

Rugaber says the Federal Reserve attributes all this to the fact that the “…economy appears to have ‘paused in recent months’… because of temporary factors.” They have named as one of the causes “spending cuts”. Now as noted the “sequestration” kicks in March 1^st and we all know that is not going to be temporary.  Something smells to “high-heaven” here.

But to help ease the shock of all this he points out that; “The Fed reaffirmed its commitment to stimulating the economy by keeping borrowing costs low for the foreseeable future.” What you are not told is that the Federal Reserve is printing “$85 billion” a month and pumping it into the economy. You can see that at; Fed keeps stimulus in place as U.S. economy "paused".  

Sooner or later this is going to catch up with us, you cannot just keep printing money in order to sustain things, it will not work.

 Another thing not pointed out is the tax increase on all working people; we are talking about the “expiration of a Social Security tax cut”. We can assure you that this is not temporary.

This has all the looks of another con by the AP and The Telegraph on the magnitude of The Telegraph's "hi-tech" lynching of Herman Cain!

You can see both. The print version is at: Economy unexpectedly shrinks in 4th quarter and the online version at: US economy shifted into reverse in late 2012.

If this is not the height of deceit and dishonesty we have to ask what is. If you think we are wrong please point out to us where.

Have a nice day.