New Op-ed up at Fox News: Real Economic Truth
The new piece with Maxim Lott is here:
Does the media accurately report economic news? Some are raising that question after the release of several highly anticipated economic reports last week.
The new data show that the United States is not in a recession, as the economy continues to grow. Fewer jobs have been lost than expected, with unemployment staying low at 5 percent. And the stock market has been surging over the last few months, with the Dow Jones Industrials average rising back over 13,000 last Thursday.
But many news articles are painting a different picture. . . .
posted by John Lott at 4:43 PM
2 Comments:
One might also say that the media in the US does not report anything accurately, unless the facts just happen to fall into a sensational framing. More and more we need to start saying the news media business reported that ... ", instead of the news media, since they are after all a business more than a reporting service.
Great point! The real question is can this be measured? Consumer confidence would seem to indicate a correlation. What these news outlets need to understand is that words are extremely important in the context of economic news. I tend to ignore the news and listen to the qualified economic people in our country.
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