Global Insight Twitter Mentions
Latest Global Insight News RSS Feed
Right-wing media figures are using Standard & Poor's decision to "downgrade" the U. S. credit rating to rehabilitate former President Bush's economic record. However, the economy inherited from Bush was hemorrhaging jobs and contracting at a rate not seen in more than 50 years.
On Fox, Dana Perino and Eric Bolling cherry-picked facts to prop up former President Bush's economic record and complain that the "blaming Bush stuff" is "annoying. " In fact, recent data show that the economy inherited from Bush shrank by 8. 9 percent in the final months of 2008 -- the largest such decline in more than 50 years.
Tucker Carlson Devalues Economic Data Showing the '07-'09 Recession Was Far Worse Than Previously Known
Fox News contributor Tucker Carlson dismissed new economic data showing that the 2007-2009 recession was far deeper and more damaging than previously known. The revised data that Carlson wrote off showed that the economy contracted by more than it had in over 50 years during the final three months of 2008.
â¢ Better business in Brazil and Pakistan, says Sorrellâ¢ Motor trade down again; housing hits 17-month low.