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GET HIP: DISCOVER THE DANGERS OF A DOUBLE DIP

By       Message Danny Schechter       (Page 1 of 4 pages)     Permalink    (# of views)   No comments

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opednews.com Headlined to H2 11/19/09

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GET HIP, LEARN TO FEAR THE DOUBLE-DIP---BARACK OBAMA DOES!

WHY THE PRESDENT WARNS OF A DEEPER DROP, NOT A RECOVERY


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By Danny Schechter

Author of "THE CRIME OF OUR TIME"


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When I was a kid, a "double dip" was an ice cream cone with two scoops. Yummy,


Today, the same expression is being used to warn us that the recession we are still struggling with could, and is supposedly posed for recovery could fall even deeper into another dip. That d word seems to be a substitute for another--a depression.


What's going wrong? Isn't the stock market sailing high? Hasn't GM managed to cut its losses to only a billion? Isn't Goldman Sachs setting aside " a half a billion dollars to help small business and show how sorry it is for its role in the financial meltdown? (That pay out is over ten years--just 2.6% of its bonus pile, but who's counting. A half a billion still sounds like real money.


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To hear Joe Bidden tell Jon Stewart how many jobs were created or saved, you would almost think it's all under control. That's what they want is to believe: we are on the way back, baby because the big dicks are swinging on Wall Street again.


And yet, when you read between the lines and figure out how to decode the lies and cheerleading, another picture emerges.

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opednews.com

News Dissector Danny Schechter is blogger in chief at Mediachannel.Org He is the author of PLUNDER: Investigating Our Economic Calamity (Cosimo Books) available at Amazon.com. See Newsdisssector.org/store.htm.

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