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Wednesday, April 1, 2009 12:00 AM

Manufacturing a false sense of economic optimism

Industrial activity declined for the 14th straight month -- but the rate of plummet slowed by a fraction. Break out the champagne!

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  • Wednesday, April 1, 2009 02:12 PM

    False optimism is kind of what we need?

    Wow. I have to disagree with you there. I believe that we simply must be grounded in reality. Wishful thinking leads to behaviors on the part of individuals which may leave them much worse off. ("Don't worry about what it costs. Just put it on the credit card. Things are getting better. My job is safe.")

    Wishful thinking (which is what false optimism is) also may give rise to actions on the part of the government which leave all of us on the hook, or at least leaves us mere proles on the hook, for sums of money that are hard to comprehend by the mind of the average person. No thanks.

    Let's live in reality. Please.

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