 |
         
|
COMMENTS: Look for the Silver Lining
Both CBS and ABC assigned their business correspondent to cover the dismal news that economic activity continued to contract during the first three months of 2009. The Gross Domestic Product shrank at a frightening 6.1% annual rate. So how did ABC's Betsy Stark and CBS' Anthony Mason cover the doom-and-gloom? "Economists saw two good signs," was Stark's spin. Mason agreed: "Businesses have now burned off most of their backed-up inventory and consumers are showing more confidence." Well, that is all right then.
NBC's Savannah Guthrie mentioned the GDP statistics in passing from the White House. She clearly had a different set of sources: "We have not seen numbers like that since the mid '70s. It was worse than what economists expected."
READER COMMENTS BELOW:
You must be logged in to this website to leave a comment. Please click here to log in so you can participate in the discussion.
