Networks Ignore Higher Than Expected GDP Growth
With a half hour every evening, the competitive evening newscasts â ABC âWorld News with Charles Gibson,â âCBS Evening Newsâ and âNBC Nightly Newsâ 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, âWorld Newsâ featured a segment about the lie detector of the future. âNightly Newsâ waxed nostalgic about Princess Diana. âEvening Newsâ 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.
âThe 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 wrote Sudeep Reddy in the August 31 Wall Street Journal.