Cavuto Rejects ABC's Economic Pessimism
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ABC’s “Good Morning America” hosted Fox Business anchor/managing editor Neil Cavuto on Wednesday morning — by himself with no liberal counterpart! While co-host Diane Sawyer peppered Cavuto with questions based on the idea that the economy was a disaster and Barack Obama was being unfairly attacked by John McCain, Cavuto offered a healthy alternative not typically seen on ABC.

Sawyer dourly observed that consumer confidence was at “almost a 22-year low.” But Cavuto rejected Sawyer’s pessimism:

If people have a feeling that things are so miserable, why are they buying $300, $400 IPhones with very expensive contracts. Why are they spending so much at the movie theaters? Why are they still going out in record numbers to restaurants?...When people are surveyed Diane on this stuff, it's very important to distinguish between someone saying we think things are lousy but when they're asked about how are you doing, they say, well, you know, not that bad, not that bad. There is a difference...

[there is: they know their own situation, but are reliant on the media for all other perceptions of the economy]

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