{"id":29,"date":"2007-10-31T14:12:43","date_gmt":"2007-10-31T18:12:43","guid":{"rendered":"http:\/\/stonescryout.org\/?p=29"},"modified":"2007-10-31T14:14:25","modified_gmt":"2007-10-31T18:14:25","slug":"polls-vs-reality","status":"publish","type":"post","link":"https:\/\/stonescryout.org\/?p=29","title":{"rendered":"Polls vs. Reality"},"content":{"rendered":"

I hate polls.<\/a><\/p>\n

In a Bloomberg\/Los Angeles Times survey conducted Oct. 19-22, two-thirds of the respondents said a recession is “likely” next year. A recent poll by CNN and Opinion Research Corp. found that nearly half of Americans believe the country already is in a recession.<\/p><\/blockquote>\n

And yet…<\/p>\n

SECRETARY GUTIERREZ: Thank you. Good morning. Thanks for coming, and I’m here with my colleague, Dr. Ed Lazear, Chairman of the Council of Economic Advisers.<\/p>\n

Today, the Department of Commerce announced that third quarter GDP growth was a robust 3.9 percent, making this the 24th consecutive quarter of economic growth. This growth is coupled with a record-breaking 49 consecutive months of job growth and historically low unemployment. The President’s policies have helped foster broad-based economic growth.<\/p>\n

This third quarter was fueled by consumer spending, business investment, rising net exports and non-residential construction. Housing remains a concern, but its impact is being offset by growth in other sectors of the economy.<\/p><\/blockquote>\n

How much this good news is reported by the media, as often as, say, the housing market problems, affects these polls. This is all a matter of perception. Perception is important in the economy, but this points out, not that the economy is bad, but that news of its strength isn’t getting reported.<\/p>\n

Hat tip: Power Line<\/a>.<\/p>\n

[tags]economy,polls,CNN,Bloomberg,Los Angeles Times,media[\/tags]<\/p>\n","protected":false},"excerpt":{"rendered":"

I hate polls. In a Bloomberg\/Los Angeles Times survey conducted Oct. 19-22, two-thirds of the respondents said a recession is “likely” next year. A recent poll by CNN and Opinion Research Corp. found that nearly half of Americans believe the country already is in a recession. And yet… SECRETARY GUTIERREZ: Thank you. Good morning. Thanks […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,15,22,54],"tags":[],"class_list":["post-29","post","type-post","status-publish","format-standard","hentry","category-doug","category-economics-taxes","category-media","category-polls"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t