TomGrey
2008-06-03 04:01:12
While David is 2/3 correct on elite journalists being overwhelming supporters of the Dems, and almost actively anti-capitalism, there is also the issue of Fear sells.
Good news doesn’t sell newspapers, and the business of news is a BUSINESS, first.
If the Fed gets this soft landing right, continued slow growth in the US and continued weak dollar will mean continued increases in exports — where is the Trade deficit graph?
I’d guess that THAT deficit is going down fast, “good news”, and so there’s lots of new work in export industries.
Plus of course the windfall profits for farmers — where’s the graph on farm profit over the years?
Good news just doesn’t sell as well.
