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To: StillHolding who wrote (41452)4/29/2004 10:17:53 PM
From: LindyBill  Read Replies (2) | Respond to of 793846
 
The major/elite news media is sooooo obvious at this point, but the question is how much of the public is aware of the slant?

Part of it's that, but to be fair, they also feel they ought to balance good news with bad. If the post I recently put up about coming employment figures is correct, we are going to have an extremely strong economic picture by election time. They will have a tough time with a "bad news tonight" approach.

On top of that, we really overestimate how "joe sixpack" reacts to network news on economics. Most people go on how they and their friends and family are doing. I had an Aunt whose family did real well under Hoover and almost went under when Roosevelt got in. Loved Hoover and blamed Roosevelt.



To: StillHolding who wrote (41452)4/29/2004 10:40:36 PM
From: Dayuhan  Read Replies (1) | Respond to of 793846
 

GDP growth is good, but the dark side is inflation

Actually the dark side is the deficit. Tax and spend is silly. Spending without taxation to back the spending is worse. I don't think it's safe to say we will grow out of it: there has to be some kind of meaningful spending cut. Hard to do with a war going on and an election coming up, though.



To: StillHolding who wrote (41452)4/30/2004 6:44:51 AM
From: Lane3  Read Replies (1) | Respond to of 793846
 
but the dark side is inflation.

You would prefer that they not report that interest rates will be starting to move up soon? Or are you just saying that they should have afocused on the good news of the day and not present such an obvious juxtapostion of the on-the-other-hand news, maybe save that for the next day?

Karen