Whose Free Fall?
The Bear on Dec 12 2007 at 9:28 am | Filed under: Uncategorized
Media Bias: When we said Oct. 1 that coverage of the economy would pick up and turn ugly, we had no idea how fast. But in two months, we’ve gone from a subpar jobs report to predictions of a full-blown depression.
In that previous editorial, we noted that election years with Republicans in the White House usually bring out liberal pundits who can be counted on to put economic conditions in the worst possible light. And sure enough, as soon as the remarkable, six-year expansion aided by President Bush’s tax cuts showed signs of flagging this fall, the knives came out.
The first signal was a dip in August payrolls, which roused critics of Bush policies from a long, prosperity-induced slumber. “Perfect!” you could almost hear them whispering. “The economy’s slowing just as we head into the election year.”
Democratic adviser Mark Mellman did more than whisper. He fairly rang the bell. “It’s not bad enough to be led by one of the most unpopular presidents in American history, through one of the most unpopular wars we’ve ever fought,” he wrote in TheHill.com. “Now the GOP is being hammered by bad economic news that will likely haunt the party through next year’s election.”
More from IBD Editorials
Media Bias, economy, President Bush’, tax cuts
One Response to “Whose Free Fall?”
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Once again, Bear, if you can find it, show us the number of times forecasts (of any kind) were revised to a worse number later in the Democratic administrations and revised to a better number later in Republican administrations.
I’m betting they constantly update, quietly if it’s down, noisily if it’s better, when Dems numbers don’t pan out, and update quietly when the numbers revise in favor of the Republicans, and noisily when they get even slightly worse.