How well is the American economy doing these days? Well enough that even some liberal media which are usually Debbie Downers during Republican administrations have been singing its praises.
One New York Times writer “ran out of words” about the robust jobs numbers, another wrote about how the economy “roared” in May, while Yahoo said the economy was “on a roll.”
In case you didn't get the message the first or second time around, the Washington Post wants you to hear it again: Cool your complaints about the weak U.S. economy, because it's your fault.
To be clear, the problem is primarily with the Post's headline — "The economy’s real drag: Us" — than with Robert J. Samuelson's content, which at least gave American consumers credit for having "sobered up" as the reason for the increased savings rate which is supposedly holding the economy back. That said, the longtime Post writer missed a number of other key factors explaining why consumers aren't spending as they did in the decades before the recession.
In an economic columnist face-off, The Washington Post’s Robert J. Samuelson declared Paul Krugman of The New York Times wrong about inflation history.
Samuelson said that Krugman’s Jan. 5, column made a “glaring error” when it claimed President Ronald Reagan had little to do with getting double-digit 1980s inflation under control. Samuelson said it was the first time he could recollect devoting an entire column to rebutting another person’s column.
Samuelson "is a reasonable guy" who "has got to know that we've had years of pro-Obama bias, and certainly in the pages of his own magazine, where there are syrupy pictures of Barack and/or Michelle almost weekly," Media Research Center (MRC) Director of Media Analysis Tim Graham told "America's Newsroom" host Bill Hemmer. [audio available here]
In a Monday column, Robert Samuelson, who dubbed the bill “cap and tax,” reported: “The Congressional Budget Office has estimated that a 15 percent cut of emissions would raise average household energy costs by almost $1,300 a year.”
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.
Nonetheless, touting Michael Oppenheimer as an expert, whom NBC identified only as an “atmospheric scientist” with Princeton University, Thompson asserted that “climate experts say whether hired guns or honest dissenters, deniers are confusing the issue and delaying solutions.” Oppenheimer, who NBC failed to note is “science adviser” to the left-wing Environmental Defense organization, ominously warned: “This is a problem that needs to be attended to very soon, immediately, or else it threatens to get out of control.” Thompson's conclusion echoed: “The scientific debate is no longer over society's role in global warming. It is now a matter of degrees.”