Media Coverage Was More Upbeat at Start of the Great Depression

The news media have covered recent economic trials with four times as much negativity as they covered the worst economic period in the nation's history - the Great Depression - a new study from the Business & Media Institute shows.

"They were four times more negative during the Bear Stearns buyout than the worst economic couple days in our country's history," BMI Vice President Dan Gainor said, announcing the release of the new study, "The Great Media Depression." [snip]

"The economic impact both Neil Cavuto here and Maria Bartiromo on CNBC have warned [is] that we're kind of talking ourselves into a recession," Gainor said. "The political impact of that is this is the No. 1 issue for Americans and we're in danger of going back to 1992, when the media didn't tell us the economy had rebounded and that had a huge impact on the election."

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