This dovetails well with what my colleague Scott Whitlock reported on NewsBusters two days ago:
ABC Graphic: "Will Dow Hit 13,000 Today? Is Unstoppable Market Good or Bad?"
The graphic ran underneath co-host Diane Sawyer and GMA financial contributor Mellody Hobson’s discussion over whether or not the Dow, which has been breaking records recently, is headed for a downturn.
Today the Dow Jones closed above 13,000 for the first time in history.
Of course ABCNews.com had to sow seeds of worry about the economy (see screencap to the right).
You can see how ABC and other media outlets have consistently taken a sour view of the economy here.
The Media Research Center's Business & Media Institute has more on the media's generally gloomy take of the economy here and here and here.
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You know this is just what we
April 25, 2007 - 19:29 ET by DCC1You know this is just what we were saying when the economy was almost this good under Clinton, oh wait, no its not! I hate these people, they can twist the dow hitting an all time high into the economy is bad... What the hell is wrong with them?!
I get it, they worked so hard to try and drag down the tax cuts, saying that Bush ruined the economy, and worked so hard to make people believe the only way the economy would ever recover would be to elect the Dems. And they failed, big time.
The American people know that the economy is the best it has ever been, and the media is arrogant that they think people will believe what ever they say. Sorry but those days are over.
I love the screenshot, Dow hits milestone...But it may not be worth cheering.
They had alittle different view of things 10 years ago!
Republicans, get off your lazy bums, and call every tv show, radio show, and local paper and scream from the top of your lungs that we wont take this anymore!
Crazies to the left, and Whimps to the right
I also get a kick out of the
April 25, 2007 - 19:40 ET by Clear thinkerI also get a kick out of the media when they talk about 5% unemployment rate as if it's a bad thing. My stepdad falls for this stuff all the time. Once when he complained that the country was going down the toilet because the unemployment rate was hovering around 5% I looked at him and said "uh, that means 95% are employed right?". He stopped and said he had never looked at it that way. Logic is a wonderful teacher.
The liberal MSM has become an enemy of the USA.
Bias in the media is very
April 25, 2007 - 20:14 ET by GregEBias in the media is very dangerous. The fact that the "news" media can be so biased makes them not really news outlets as news is supposed to be.
As I've said before, if the media played things down the middle and reported news just as it was, liberals would have very little chance, if any, to win any elected office/seat/etc. Think about it, there's the so-called 50-50 split in the country, yet one side has free and constant media slamming their agenda down our throats, framing subjects, choosing what to report based on which political side gets the benefit, etc. If not for that, the 50-50 is likely a 70-30 at the very best and liberals are irrelevant.
One huge case in point. Check this link, read the amendment, check the vote roll call and then ask yourself when CNN, NBC, ABC, etc etc reported this. But let that vote reverse and you would have seen reports by every one of them, multiple times. Pretty disgusting if you ask me, that there is no such thing as "news" anymore.
http://www.senate.go...
Ken, how about DOW 10,000 & Nasdaq 5,000?
April 25, 2007 - 21:08 ET by Gary HallKen, how about DOW 10,000 & Nasdaq 5,000?
One (me) would be curious as to how the media, namely ABC, etc., reacted when the DOW hit 10,000. Guessing that was about the beginning of 1999. And, when the Nasdaq hit 5,000 in early 2000.
My guess, was that even with the extreme irrational exhuberance being well known, by 1999 and especially by 2000, the MSM were still singing the songs of celebration of the good times to come.
Of course, today on the street, the liberals (especially the die hard AARP folks who hate Bush) still believe that it was Bush who caused the markets to crash. I suspect that had little to do with them watching the evening news at ABC or CBS, do you think?
Side bar.... I still like sharing this little piece of satire from none other than former LA Times radical liberal columnist Robert Scheer. The NASDAQ had taken a pretty big hit, as all began to unravel, then there was one of those classic good strong rallys - you know the one that really sucks in the suckers - before the kill.
To this day, I wonder how Gov. Bush pulled that off.
29 March 1999
April 25, 2007 - 22:22 ET by UnsaneThe DJIA closed above 10,000 for the first time on 29 March 1999. As I remember it, that moment came with much media gushing.
"HAV3 TH3 BRIDG3S OF INSANITY B33N CROSS3D AND FOR3V3R R3TRACT3D???." - Meshuggah, "3ntrapm3nt", from Catch Thirty Thr33 (2005)
nothing insane there, Unsane
April 25, 2007 - 22:28 ET by Gary Hallnothing insane there, Unsane. Well thanks. I did not have the patience to go look the date up on a chart. And of course there was much gushing -- however, there were the naysayers - and many of them were scared to death lefties, not at all happy with such greed and fraud and waste, that not even hard core conservatives could dream of pulling off (in their vision of Conservatives, that is). The media snuffed their warnings - before and after the crash - all in the commom goal of protecting Bill Clinton's legacy.
The left will always find t
April 25, 2007 - 21:15 ET by Jinx McHueThe left will always find the rabbit turds in the field of roses when a Republican is in office.
Not to worry, just like the M
April 26, 2007 - 14:51 ET by dscottNot to worry, just like the MSM skipped the 4th quarter Federal Budget results a couple of weeks ago, they will in all probability skip tomorrow's first quarter results. I am predicting a budget deficit of $188,651 billion, based on my observations of the previous 3 years under the Bush tax cuts. Let's see if the trend holds up.
“The object of life is not to be on the side of the majority but to escape finding oneself in the ranks of the insane.” – Marcus Aurelius