THE NEWS CAME OUT TODAY THAT THE ECONOMY GREW IN THE SECOND QUARTER AT A HEALTHY RATE OF 2.4%.
But that is not what you will read in the media propaganda that passes for news.
July 30 (Bloomberg) -- The U.S. economy slowed in the second quarter as a scarcity of jobs eroded consumer spending, leaving the rebound dependent on a surge in business investment.
They call this a slowdown. They say the "economy slowed."
Not so. If I am going 50 MPH and then 60 MPH and then 61 MPH. I am not slowing. I am still accelerating. The rate of acceleration has slowed, but the economy is going faster and faster.
Words make reality. Let us speak the truth.
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1 comment:
so
what I mean here
growth of the economy is not the same thing as the economy
it is OK to say the growth slowed
but that is not the same thing as the economy slowing
but apparently some people think that any movement is either growth or decline so in their head slowing growth is the same thing as slowing economy.
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