Economy 101: DEM=Good, GOP=Bad!Surprise, Surprise!!!!!
I have noted for a long time the fact that under a Democratic President the Main Stream Media (Read: OLD Media) always finds the silver lining.....and likewise under a GOP President the MSM sings the song of death!
It is fact! Not just my view......
In "The Politics of Bull and Bears", David Frum writes:
"Want to get rich in the American stock market? Here's some advice: Don't watch the news.
I'm not being facetious here. One of the iron laws of U.S. news reporting is that the economy gets positive reviews under Democratic presidents and negative reviews under Republican presidents.
In 2004, the Virginia-based Media Research Center (MRC) produced a stark summary of the disparity.
In 1996, Bill Clinton ran for reelection as president. The U.S. economy was doing well at the time: unemployment down to 5.2%, inflation under control at 3%, and overall growth at 2.2%. And the press reported all this good news: According to the 2004 MRC study, 85% of all major economic stories on the economy in the summer of 1996 were positive.
Eight years later, George W. Bush was running for re-election as president. The U.S. economy in 2004 did much better than in 1996: The economy grew at a 3.9% pace, while unemployment and inflation roughly matched their 1996 levels (5.4% and 2.7% respectively). Yet this time, 77% of all major media economic coverage was negative. (For the full report, see www.mediaresearch.org/realitycheck/2004/fax2004
1020.asp.) And since the 2004 election, the barrage of bad news has continued: reports of housing bubbles, warnings of an imminent collapse in the U.S. dollar, and so on."
This is not the whole story......and if you'd like to read the rest.....just GO HERE!
Our lovely "Old Guard, Old Media"....they still are standing around saying "The sky is falling" while we have the best economy for MANY years....but if, on January 2009 there is a DEM President sworn in, the economy will miraculously turn up....fact or fiction...it WILL TURN UP!
Damn the torpedoes of truth, full speed ahead with the liberal agenda!
& The NYT & LAT Wonder why their income is in shambles, and their believability factor is dropping like a rock....& It is already in the low 30% area!
Ya gotta love it!