Vince Farrell

Bartiromo Warns Bad Economy Talk 'Begets More Weakness'

By Jeff Poor | February 6, 2008 - 17:02 ET

You reap what you sow.

Nothing could be truer when it comes to the American economy. According to CNBC "Closing Bell" host Maria Bartiromo, if the media continue to push doom-and-gloom economy stories, they will make the economy worse.

"[T]he truth is, ["Today" co-anchor] Meredith [Vieira], it doesn't matter if we're in a recession," Bartiromo said on NBC's February 6 "Today." "We can talk ourselves into a recession, and that seems to be what we're doing right now and that certainly begets more weakness."

The media coverage has apparently affected voters. According to the February 6 Washington Times, an exit survey from the "Super Tuesday" primaries showed 47 percent of Democratic voters and 40 percent of Republican voters said the economy was the most important issue in making their choice at the polls.

WSJ/CNBC Question Greenspan’s Integrity for Post-Fed Career

By Jeff Poor | January 15, 2008 - 16:58 ET

You might disagree with how he slashed the Fed funds rate during times of economic turmoil as Federal Reserve chairman.

You might have even disavowed him after showing his coziness with the Clinton administration throughout the 1990s. But after 18 years of public service, you can't deny that Alan Greenspan should have a shot in the private sector.

However, despite media accolades through four Republican and one Democratic administration, some in the media think he broke an unspoken rule by going to work as a consultant for a hedge fund. One CNBC report called it "unseemly." The January 15 Wall Street Journal even hinted he may be profiting from the housing crisis, something they suggested he caused.