Sunday, May 29, 2011

29% more - Pro-Obama media always shocked by bad economic news

Less bang for your buck: The Memorial Day BBQ will cost you 29% more this year thanks to inflation - Daily Mail
GOLDMAN SACHS: $5 gas this summer... - NY Post
Pro-Obama media always shocked by bad economic news - Michael Barone/Washington Examiner
Unexpectedly!
As megablogger Glenn Reynolds, aka Instapundit, has noted with amusement, the word "unexpectedly" or variants thereon keep cropping up in mainstream media stories about the economy.

"New U.S. claims for unemployment benefits unexpectedly climbed," reported CNBC.com May 25.

"Personal consumption fell," Business Insider reported the same day, "when it was expected to rise."

"Durable goods declined 3.6 percent last month," Reuters reported May 25, "worse than economists' expectations."

"Previously owned home sales unexpectedly fall," headlined Bloomberg News May 19.

"U.S. home construction fell unexpectedly in April," wrote the Wall Street Journal May 18.

Those examples are all from the last two weeks. Reynolds has been linking to similar items since October 2009....