Frank Strategies: The Blog


Video: Economic Reporting – Then and Now
June 8, 2009, 3:57 pm
Filed under: Economy, MSM, Obama, Online Video, Shameless Self Promotion | Tags: ,

By the middle of 2003, a mild recession had ended and the economy turned around big-time, with the creation of hundreds of thousands of new jobs and whopping GDP growth of 7.5% in the third quarter. Yet month after month, the national media downplayed the good economic news with the dreaded “but,” as in “Positive economic indicator X was released today, but the economy is still in the toilet…” (Oh, by the way… George W. Bush was President back then.)

Of course, with President Obama now in the White House, the media’s economic coverage is the mirror opposite. As the unemployment rate skyrockets and hundreds of thousands of jobs are lost every month, the bad economic news is spun by Obama’s friends in the media: “Negative economic indicator Y was released today, but it’s not nearly bad as we’d expected, and besides, unemployment can be fun!

As I watched more and more of this massive change in the tone of economic reporting recently, I decided to produce a little compare-and-contrast video. I did so not in the hope that the media will now start talking down a possible economic recovery the way they so obviously and unfairly did a few years ago, but just to shine some light on the almost cartoonish nature of media coverage both then and now. And maybe to convince a reporter or two to not ask Obama how enchanting it is to be President, and instead maybe ask him how in the world we’re going to deal with this chart.

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[...] Frank Strategies, a quickie recap of poor economies then and now. Rest assured, if/when unemployment does start to [...]

Pingback by Hot Air » Blog Archive » AP kinda sorta admits: The stimulus isn’t working

[...] Nice example of media bias! [...]

Pingback by More on Obama’s Early Failure on the Economy : Stop The ACLU

Kudos! The MSM/DNC cabal is exposed once again.

Comment by Woody

[...] Uncategorized. Tags: TV, Politics, Economics, News, Money, media bias trackback Frank Strategies: A handy video comparison: economic reportage in the Bush years and in the Obama years.  It’s down to a [...]

Pingback by Your MSM at Work « The Rhetorican

[...] Ed Frank finds something amiss in today’s media environment when it comes to economic trends and analyses.  Frank notices that the media today seem willing and even eager to parrot the White House and Barack Obama in his sunny optimism, despite unemployment shooting up higher and faster than anytime in the last 70 years.  Back in 2003-4, when the American economy recovered from what looks in comparison to a speed bump, Frank recalls a much different media environment: [...]

Pingback by Hot Air » Blog Archive » Video: Economic reporting, then and now

[...] Filed under: Night and Day, hypocrisy, media bias — crushliberalism @ 9:29 am The video doesn’t lie, my friends.  It just [...]

Pingback by Night and Day, “MSM’s reporting of the economy” edition « Crush Liberalism

[...] his initial webpage, Frank added a few thoughts with his video in which he references some NewsBusters postings and [...]

Pingback by Comparison: Economic Reporting Under Bush, and Under Obama | Got Access News

[...] his initial webpage, Frank added a few thoughts with his video in which he references some NewsBusters postings and [...]

Pingback by Comparison: Economic Reporting Under Bush, and Under Obama | Business Opportuinty Buzz And Web News

[...] his initial webpage, Frank added a few thoughts with his video in which he references some NewsBusters postings and [...]

Pingback by Comparison: Economic Reporting Under Bush, and Under Obama | Latest Technology News - Business News And Expert Advice

[...] not the only one with a memory, though, and Frank Strategies spells it out pretty cleanly in this video, (H/T Ed [...]

Pingback by The Anchoress — A First Things Blog

Wonder how MSM covered improving layoff pic in 2001-02? Comparing to the wishful presentation of a one-month drop in the layoff numbers as the unemployment rate goes up – to last time around.

For reference (I trust this is good historical data and a chart): Non-Farm Payrolls Chart and Historical Data –http://www.tradingeconomics.com/Economics/Non-Farm-Payrolls.aspx?Symbol=USD — The job losses reached their peak in about Oct., 2001 – and then dropped, and continued to drop month after month after month. As in the present, and for the same general reasons, the unemployment rate continued to trickle up.

Just a quick peek at what I would expect was the usual negative presentation in the MSM as the layoffs shrunk – and the unemployment rate continued to rise: a “CNN Money” bit in Dec. 2001 — The headline? “U.S. unemployment jumps” – there’s not going to be much good news to be found with a Bush in the WH.

A few excerpts, as it begins with:

“The U.S. unemployment rate jumped to 5.7 percent in November – the highest in six years – as employers cut hundreds of thousands more jobs in response to the first recession in a decade in the world’s largest economy.”

Oh, the cuts were smaller, but that’s not the message.

“The Labor Department said employers cut 331,000 jobs from non-farm payrolls last month after a revised loss of 468,000 jobs in October. The unemployment rate rose from 5.4 percent…”

Goodness – a drop in the number of jobs cut is even mentioned – but nothing but bad news.

“The combined October-November job cuts are the most since May-June of 1980, and the unemployment rate is at its highest level since August 1995.”

That’s a nice trick – combine two months.. let’s try that today.. ‘the Jan-May (2009) cuts are the most since Adam ate that apple..

“The fact that unemployment is getting worse is not a surprise,” said Anthony Chan, chief economist at Banc One Investment Advisors. “But the fact that it’s deteriorating at this pace is a surprise.”

It’s getting better, but it’s getting worst even faster… Bush was president then, so…

Comment by gary

[...] chart as you listen to the Obamedia talk about the current state of the economy in this video by Ed Frank:Via [...]

Pingback by Dirty Democrats » What Bias? Video Compares Media Coverage Of Bush’s Real Recovery to the Obama Disaster

[...] his initial webpage, Frank added a few thoughts with his video in which he references some NewsBusters postings and [...]

Pingback by Comparison: Economic Reporting Under Bush, and Under Obama : Stop The ACLU

[...] his initial webpage, Frank added a few thoughts with his video in which he references some NewsBusters postings and [...]

Pingback by Comparison: Economic Reporting Under Bush, and Under Obama - Warner_Todd_Huston’s blog - RedState

[...] Remember this chart as you listen to the Obamedia talk about the current state of the economy in this video by Ed Frank: [...]

Pingback by RSS agregator » Blog Archive » What Bias? Video Compares Media Coverage Of Bush’s Real Recovery to Obama Disaster

[...] his initial webpage, Frank added a few thoughts with his video in which he references some NewsBusters postings and [...]

Pingback by Dirty Democrats » Comparison: Economic Reporting Under Bush, and Under Obama

[...] his initial webpage, Frank added a few thoughts with his video in which he references some NewsBusters postings and [...]

Pingback by Comparison: Economic Reporting Under Bush, and Under Obama - Warner_Todd_Huston’s blog - RedState web01.prod.theplanet.eaglepub.com 174.120.27.221

[...]  VIDEO: ECONOMIC REPORTING – THEN AND NOW Comments [...]

Pingback by GayPatriot » Reporters Surprised by Anemic Obama Recovery




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