Networks Ignore Higher Than Expected GDP Growth
With a half hour every evening, the competitive evening newscasts â€“ ABC â€śWorld News with Charles Gibson,â€ť â€śCBS Evening Newsâ€ť and â€śNBC Nightly Newsâ€ť â€“ 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, â€śWorld Newsâ€ť featured a segment about the lie detector of the future. â€śNightly Newsâ€ť waxed nostalgic about Princess Diana. â€śEvening Newsâ€ť 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.
â€śThe 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,â€ť wrote Sudeep Reddy in the August 31 Wall Street Journal.