The American economy is a “disaster.” The media have been singing that song for at least a year. When a presidential candidate recites the refrain, it’s news.
Or it should be.
But in the election of 2008, such a ridiculous claim earned Democratic Sen. Barack Obama compliments from the mainstream media, not well-deserved critique.
In most places, Obama’s comment would simply be laughed at.
“If the economy is in recession, why are business durable-goods orders and shipments booming?” Kudlow asked, noting that non-defense spending is up and concluding: “Business looks pretty healthy to me.” [snip]The last four years have been a case study of how the media can misrepresent and undermine the economy. Journalists aren’t satisfied with a downturn. They make seemingly endless connections to the Great Depression - more than 70 times in the first six months of the year - and that’s just on the three broadcast networks.
Apparently, that economic delusion worked with Obama and his speechwriter...
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