There’s been a lot of suggestion by the media lately -- especially since the elections last Tuesday -- that the Republican Party is in dire trouble, and could lose control of the House and the Senate in 2006. For those interested in a side of this debate that the media are ignoring, you should watch today’s “Meet the Press,” in particular the second-half with DNC chairman Howard Dean.
Newsweek’s Eleanor Clift has a new article out, and she once again doesn’t have anything good to say about President Bush. In fact, she now believes that his presidency is in such a state of disarray that Bush needs to “change direction, the way President Bill Clinton did after losing both the House and Senate in 1994.” Clift seems to forget that this change of direction didn’t help the Democrats win back the Congress in 1996, which put Clinton in a position where he was forced to accede to most of the Republican demands in 1997 which included tax cuts that he fought against for two years.
Regardless, in Clift's view:
Media Wrong About Dollar: As the frequency of pessimistic reports increases, their accuracy seems to decline.
Julie Chen in the 8:00 a.m. EST half hour of The Early Show hyped "sky-high" gas prices which led to "record profits" for oil companies in a brief anchor-mention on the Senate Commerce hearings today on oil and gas prices, illustrating that a myth debunked in a Free Market Project (FMP) study released last Thursday is still being promoted by CBS News [parts in bold are my emphasis]:
The anti-Wal-Mart film “Wal-Mart: The High Cost of Low Price” has received most of the attention. The movie on the benefits of Wal-Mart, “Why Wal-Mart Works & Why That Makes Some People Crazy” was slighted. When both did get attention on “Lou Dobbs Tonight,” with the anti-Wal-Mart film getting more airtime from an agreeable Dobbs according to a report by the Free Market Project.
NBC began a November 1 “Today” segment with “A media blitz is under way about Wal-Mart and from Wal-Mart.” Text then appeared on the screen that read “Wal-Mart drives down retail wages $3 billion every year.” Despite mentioning the “media blitz” from Wal-Mart, the only official representation of the store was two lines from an ad. Reporter Dawn Fratangelo mentioned Wal-Mart’s new environmental programs and new health care plan. She then added “But critics call it a publicity stunt,” and interviewed a man from union-backed wakeupwalmart.com about it. Only anti-Wal-Mart people were featured in the story, and nothing positive about the company was included.
Regardless of economic data, press accounts are typically negative and pessimistic.
The economy has been growing at a very strong clip since October 2001. Real estate prices are at their highest levels in history, as are homeownership and Americans’ average net worth. Unemployment also is lower than the average during any of the past three decades. Yet Americans are very down, and one third even think the economy is in a recession. Is consistently negative media coverage influencing public attitudes? Might headlines like “Job growth less than expected” and “Jobs come up weak” have something to do with the gloom being felt across the country?
The Labor Department announced unemployment numbers for October on November 4, and despite a decline in this rate and an addition to payrolls, the media reported the gains as “surprisingly meager,” “stalled,” “damped,” and “disappointing.”
For those of you who were confused, that was an article in today’s New York Times complaining about the lack of tax cuts in the two reform proposals offered by the president’s advisory panel last week.
For those that missed it, Edmund L. Andrews wrote a piece this morning about the recommendations of this panel for future reforms to America’s tax code. In it, he appeared disappointed that there were no significant tax cuts being proposed:
“However sensible those ideas may be, they fall far short of a radical overhaul. Neither of the proposals would have replaced today's system with a flat tax or a pure consumption tax, the goal of many Republican conservatives. More important, neither of the proposals would significantly lower existing tax rates - a crucial attraction of the 1986 overhaul.”
Today's Washington Post features an article about the October employment numbers, which are planted firmly between humdrum and "house afire". The economy seems to have absorbed the hurricanes of the past two months, and high energy prices and posted 56,000 new jobs in October.
The Post, though, seems a bit confused about whether that's good news or bad.
Even in a free market democracy, policy makers are to blame for all of society’s ills./>
For those of you who haven’t seen this morning’s “Meet the Press,” I highly recommend that you do so that you can see William Safire at his best, as well as some great incites from David Brooks. What follows are key statements from the two of them concerning Plamegate, and the events of the week.
With the nomination of a new Federal Reserve chairman, “inflation” is the buzzword of the week. But the media have been warning about rising inflation since Hurricane Katrina hit – some even likening today’s situation to the Jimmy Carter 1970s, a notorious time for both high oil prices and inflation.