Networks Ignore Higher Than Expected GDP Growth
With a half hour every evening, the competitive evening newscasts – ABC “World News with Charles Gibson,” “CBS Evening News” and “NBC Nightly News” – have to make the most of their broadcasts to give viewers the most news possible.
Apparently that does not include the positive news about 4 percent economic growth.
On August 30, “World News” featured a segment about the lie detector of the future. “Nightly News” waxed nostalgic about Princess Diana. “Evening News” took a critical look at soon-to-announce presidential candidate Fred Thompson.
All that was considered more important than taking time to mention that
The Wall Street Journal did report the GDP increase, but with a negative outlook on the highest GDP numbers since the first quarter of 2006.
“The U.S. economy grew at a much faster pace in the second quarter than previously estimated, but tepid consumer spending, weakening housing activity and credit-market turmoil suggested growth will slow significantly into next year,” wrote Sudeep Reddy in the August 31 Wall Street Journal.