November 25, 2003

A smidgeon of news bias

Charlene and I were driving just now, and heard on ABC News something like, "...figures released show GDP growing at 8.5%, the fastest growth in 20 years. But Wall Street was unimpressed with the numbers, the Dow only up 9 points..."

I said I guessed that the truth was that Wall Street had already figured out what was happening and it was already reflected in stock prices. Charlene said, "Didn't you hear, the Dow was up 165 points yesterday!" And she added, "If the economic news was bad, they would have quoted some Democrat blaming the Bush Administration." Isn't that the truth.

Since the news is good, the economy is like Topsy: "I wasn't born, I just grew."

Posted by John Weidner at November 25, 2003 8:48 AM
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