Obamaeffect http://www.mrc.org/taxonomy/term/13387/all en Like a Mama Bear, Networks Protect Obama from His Down Market http://www.mrc.org/articles/mama-bear-networks-protect-obama-his-down-market <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/julia-seymour">Julia A. Seymour</a> </div> </div> </div> <p>On Election Day 2008, as people anticipated Obama’s victory, global news agency Agence France-Presse (AFP), called the biggest Election Day rally since 1984 an “Obama effect.”</p><p>Look at the market now: The Dow Jones Industrial Average fell more than 3,000 points from 9,625.3 to 6,547.05 between Election Day and March 9. From Inauguration Day to March 5, the Dow fell 20 percent – the very definition of a bear market. Although the market rallied on March 10 by nearly 400 points, credit for Obama was noticeably absent from stories that evening.</p><p><a href="http://www.mrc.org/articles/mama-bear-networks-protect-obama-his-down-market" target="_blank">read more</a></p> Articles MRC Business Economy abc AP BarackObama bearmarket bloomberg businessweek cap-and-trade cbs ChrisMatthews CNBC Dow DowJonesIndustrialAverage ElectionDay healthcare LarryKudlow NBC Nightline Obamaeffect Today WarrenBuffett WorldNews Wed, 11 Mar 2009 20:20:58 +0000 admin 26913 at http://www.mrc.org The Media's Top 10 Worst Economic Myths of 2008 http://www.mrc.org/articles/medias-top-10-worst-economic-myths-2008 <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/julia-seymour">Julia A. Seymour</a> </div> <div class="field-item even"> <div class="field-label-inline"> By</div> <a href="/author/paul-detrick">Paul Detrick</a> </div> </div> </div> <p ><em>Each year the Business & Media Institute looks back on the year's news and selects the top 10 worst economic myths. Here is our 2008 list:</em></p> <p > </p> <p >10. Capitalism is dead or dying.</p> <p >9. Gas at $4-a-gallon, blame the oil companies.</p> <p >8. Fannie’s failure</p> <p >7. Barack Obama sends stocks soaring, but not sinking.</p> <p >6. Alternative energy: All gain, no pain</p> <p >5. The economy has a fever and the only prescription is more bailouts.</p> <p >4. Attack of the Killer Tomatoes</p> <p >3. Oil prices will skyrocket to $200 a barrel, gas to $15.</p><p><a href="http://www.mrc.org/articles/medias-top-10-worst-economic-myths-2008" target="_blank">read more</a></p> Articles Business 157morecomparisons abc AIG AlternativeEnergy AutoBailout bailoutfever BarackObama BearStearns BenBernanke BigThree bloomberg capitalismisdead CarolCostello cbs CEO CNBC CNN ErinBurnett ethanol exxonmobil Exxonprofits FannieMae FDR FreddieMac GasPrices GeorgeStephanopoulos GreatDepression greenenergy IBD JeffreySachs JimAxelrod JimCramer killertomatoes LouDobbsTonight MadMoney marketfailure MattLauer MichaelMoore MurrayRothbard NBC NewDeal newnewdeal Obamaeffect oilcartel OilCompanies OilPrices OPEC pro-bailout Rally RichardEngel Rob salmonellascare SquawkBox stockmarket TimeMagazine tomatoindustry Top10 WallStreetJournal WashingtonPost Thu, 11 Dec 2008 20:40:45 +0000 admin 25713 at http://www.mrc.org Journalists Credit Obama for Stock Gains, Ignore Losses http://www.mrc.org/articles/journalists-credit-obama-stock-gains-ignore-losses <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/julia-seymour">Julia A. Seymour</a> </div> </div> </div> <p>&nbsp;&nbsp;&nbsp;&nbsp; As stocks rose on Election Day 2008, the media were more than happy to credit investors’ excitement over Democratic nominee Sen. Barack Obama’s chance of winning. But when stocks tanked in the days following Obama’s election, concern over Obama’s economic policies was the last possible culprit.</p><p>&nbsp;</p><p><a href="http://www.mrc.org/articles/journalists-credit-obama-stock-gains-ignore-losses" target="_blank">read more</a></p> Articles MRC Business Business Media abc AgenceFRance-Presse AP BarackObama BetsyStark BiannaGolodryga cbs ChrisCuomo CNBC crashof1987 DowJonesIndustrialAverage ElectionDay2008 forbes JFK KatieCouric LosAngelesTimes MelissaLee NBC nosedive Obamaeffect Recession SteveSchaefer stockmarket tailspin TerrySavage TheStreet.com unemployment USAToday WallStreetJournal Wed, 12 Nov 2008 18:36:43 +0000 admin 25775 at http://www.mrc.org