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Thursday, May 22, 2008

BusinessWeek Launches ‘Recession in America’ Blog

By Jeff Poor

If there were any doubt the media is trying to milk bad economic news for all that it’s worth, look no further than BusinessWeek magazine.

BusinessWeek kicked off its “Recession in America” blog on May 2. It is dedicated solely to reporting on the “recession [that] is here (or will be soon),” as the headline of a May 19 post stated (h/t BMI advisor Chris Roush of Talkingbiznews.com).

“As the U.S. economy slows, the story is often told through broad statistics,” the “about” section of the blog stated. “In this blog, BusinessWeek reporter Tim Catts travels the country to uncover the stories of how individuals are coping with the downturn.”

Although criteria of the technical definition of a “recession” haven’t been met - two quarters of negative growth in gross domestic product - the BusinessWeek blog is operating under the assumption that the recession is inevitable.

BusinessWeek’s effort to create this medium comes as some economists are dialing back their forecasts that a recession is inevitable. The May 14 Wall Street Journal reported some economists weren’t quite ready to declare an economic recession a foregone conclusion.

[...]

Read the whole thing.  With every passing day, the MSM demonstrates that it is more interested in promoting the propaganda line of the Dem Party than it is in benefiting the American public.  Sad.

Comments

I canceled my Businessweek subscription years ago when they came out in favor of gun control. I was wondering what the heck a business publication was doing opining on that.


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 May 22, 2008 at 08:01 am
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