Housing, oil and inflation were all common themes during the broadcasts of last night’s “CBS Evening News” and “NBC Nightly News.” But, unless you watched last night’s ABC “World News with Charles Gibson” instead of the other two, you would not have known about the positive GDP growth the U.S. Commerce Department reported yesterday.
“On the broadcast tonight, the economy is our big story,” “NBC Nightly News” anchor Brian Williams said to begin the October 31 broadcast. “We’ll have the interest rate cut, oil prices are soaring, and still, what about housing?”
It was the same dour mind-set on “Evening News.”
“With the ailing housing market threatening to infect the entire economy, Fed Chairman Ben Bernanke administered another shot of preventive medicine today, with a quarter-point rate cut,” CBS correspondent Anthony Mason said.












The Census Bureau announced a drop in the poverty rate, but NBC and, especially CBS, on Tuesday night managed to turn the good news into bad by emphasizing an increase in the number of Americans without health insurance while ABC, in contrast, portrayed the decrease in poverty as good news. “A bright spot of economic news today,” fill-in ABC anchor Kate Snow announced, “the percentage of Americans living in poverty dropped last year” by “three-tenths of a percent from the year before.” Reporter Barbara Pinto actually acknowledged some positive trends during the Bush years, pointing to how “in the past four years, the country has added nearly 7 million jobs. And in those four years, the average household income has risen about $700.” Pinto didn't ignore liberal class-warfare arguments, but after a left-winger asserted “there's very little that trickles down to those at the bottom,” Pinto countered: “Obviously, some of that growth is trickling down.” 


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