I looked up Japan in the Economist, a right wing but, surporisingly, a semi-honest journal.  Japan is estimated to decline about -6% this year in GDP.

Dihey, China and east Asia are expected by the Economist to increse ther GDP by about 10% this and next year, except for Japam.  They are the first out of the US caused slump.  You can’t believe what you read in the US media, especially the economics.

What bloom? Bloom on the road to the next economic disaster? Truthdig, why do you peddle such rot?

Two things China and Japan have in common (in this case): neither one of them is spending billions upon billions of dollars on needless military ventures. Also, they are not giving billions upon billions in “bail-out” money to the criminals who caused this financial disaster in the first place.

One week it is a successful Cash for Clunkers program (50%forign) and the next it is economic triumph over the rescession. Where is our cut??

The major power instument for deluding American progressives is the American progressive truth system.  Nowhere is this more decisive than in economics, where all the summarizing statistics are fabrications, as Paul Craig Roberts has called them.  Japan of course is not the second major economy, it is a distant third behind China, which is first in real GDP, and the US.

This general economic deception prevents an accurate overview of economic reality, despite the pretense of TD’s economic reality check.  China, for example, has led the recovery of East Asia, and is leading the recovery of the world, the slump caused by the US neoliberal, and corrupt, economic system. 

The population needs its own truth media to counter the deciet of the mainsream Progressives, the mainstream Conservatives being raving loonies.