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Tuesday, August 07, 2007

You Gotta Accentuate the Negative

By The Whistler on August 7, 2007 at 03:18 pm
5 Comments

Newsbusters is reporting how differently the news media treated Fridays 280 point loss in the stock market with Mondays 286 point gain.  As you can guess they accentuated the negative with hardly letting us know the positive.

One example:

CBS Evening News, Friday August 3:

KATIE COURIC: On Wall Street today, it took just a few words from one man to spark a big sell-off. Bear Stearns CFO Sam Molinaro said the turmoil in the credit markets is the worst he’s seen in 22 years. With that, investors headed for the exits, and the Dow plunged 281 points. So, since hitting a record high 14,000 two weeks ago, the Dow has now given up more than 800 points.

Wall Street didn’t much like today’s jobs report either. It shows the unemployment rate edging up in July to a six-month high of 4.6 percent. The Labor Department says the economy was able to create only 92,000 new jobs.

CBS Evening News, Monday August 6:

COURIC: “On Wall Street, after Friday’s big sell-off, a big rally. The Dow today got back all the points it lost on Friday and then some.”

Pretty clear which news they like reporting best.

Comments

Kevin

Yes, we don’t want any of that wealth creation nonsense! Third world standards of living for everyone is more virtuous!

Kevin on August 7, 2007 at 05:31 pm
docdave

The stock market goes up, the stock market goes down.  Ain’t no BFD unless you are foolish enough to leverage buy and/or sell short.

The Supreme Court is a bunch of black robed tyrants

docdave on August 7, 2007 at 05:38 pm
The Whistler

Yes, we don’t want any of that wealth creation nonsense! Third world standards of living for everyone is more virtuous!

Right, it’d be much better if everyone was stuck working in a crappy factory making lower middle class wages.

What’s going to happen to US industry when the global warming extremists like John McCain double the price of electricity?  I would think all these factories will close and set up in countries where they aren’t scared of technology.

The Whistler's signature
The Whistler on August 7, 2007 at 05:43 pm
Avatar for Zsa Zsa

Is Katie Couric still on the air?

Zsa Zsa on August 7, 2007 at 06:11 pm
The Whistler

If a tree falls in the forest and no one hears it, does it make a sound?

What’s going to happen to US industry when the global warming extremists like John McCain double the price of electricity?  I would think all these factories will close and set up in countries where they aren’t scared of technology.

The Whistler's signature
The Whistler on August 7, 2007 at 06:14 pm
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