Tuesday, February 24, 2009

It's All in Where You Put Your Emphasis

According to a report from FoxNews.com, Federal Reserve Chairman Ben Bernanke has hopes that the recession will end later this year:
The economy is suffering a "severe contraction," Federal Reserve Chairman Ben Bernanke told Congress on Tuesday. But he planted a glimmer of hope that the recession might end this year if the government managed to prop up the shaky banking system, and Wall Street rallied.
Reuters carried the same story, and relied upon exactly the same statement, to draw a rather different inference:
U.S. Federal Reserve Chairman Ben Bernanke warned on Tuesday that unless government efforts succeed in restoring financial stability, the nation's recession may not end this year.
H.T.:James Taranto.

3 comments:

Martin T. said...

I heard the remark on the radio and I thought to myself, "Is this man crazy"? There is no way that the recession, a world wide "recession", is going to end in 6 or 12 months. Not in two years either. Then I realized he's the head of the Fed, he can't say, "Hunker down and prepare for years of this". It's his job to whistle in the dark and help everyone not to panic.

Mrs Jackie Parkes MJ said...

Could you please update to my new blog?

Scott Carson said...

Consider it done!

http://catholicmomof10journey.blogspot.com/

I've also updated the link in the sidebar.