If you wonder how a narrative gets started and perpetuated, just read The New York Times. It was in September of 2008 that we were railroaded into billions in government bailouts. Even some normally level-headed senators and congressmen fell for the hype.
Then, after our government took over great swaths of the private sector, followed by billions upon billions in stimulus that was designed not to stimulate but to stall any economic recovery. And this is what The New York Times wrote today:
The “new normal,” as it has come to be called on Wall Street, academia and CNBC, envisions an economy in which growth is too slow to bring down the unemployment rate, while the government is forced to intervene ever more forcefully in a struggling private sector.
Get that? “Forced to intervene.” They’re doing it for our own good, you see. Billions in stimulus money sucks billions out of the private sector and they wonder why the private sector is stalling.
Next up is the repeal of the Bush tax cuts, which The New York Times endorses. Why, it’s almost as if Times wants permanent unemployment to be the new norm.
