What are the flaws of stock market indicators
Nasdaq Modestly Higher, Dow Flat. Why did the media misread this election so badly? They've been trying to hard to make President Obama look good that they ignored the country's many festering problems. The one-word explanation for why the liberal media were completely caught off guard by the groundswell of support for Donald Trump among working class families: In his book on the presidential election, former CBS News correspondent Bernie Goldberg titled it " A Slobbering Love Affair: The True and Pathetic Story of the Torrid Romance Between Barack Obama and the Mainstream Media.
Like any such torrid romance, the mainstream media never could see the flaws in the object of their deep and abiding affection. That devotion continued unabated for eight years.
So, as a result, as failure piled on failure during the Obama administration, the press pretended that all was well. They protected Obama from scandal, insisted his policies were working wonders, claimed he was winning the war on terror even as ISIS flourished and terrorist attacks on U. They said he was a great foreign leader even as the world burned.
They repeatedly showed more interest in guarding Obama than informing the public. For years, we have been pointing out in this space that the economic recovery has been the worst on record.
We pointed out how Obama's endless bragging about 15 million new jobs was misleading, given that job growth hadn't even kept pace with population growth since How the number of people who'd dropped out of the labor force had grown at a faster rate than jobs, and the explosive growth in food stamps and disability rolls. We noted that economic stagnation has been particularly punishing to lower-income families, who saw their household incomes decline, even as those at the top saw gains.
We repeatedly explained how Dodd-Frank had been devastating to the economic recovery, making it far more difficult for small businesses to get credit and driving small community banks out of business. We talked about the explosive growth in the regulatory state under Obama, and how that was stifling growth and ruining industries.
And how the public was overwhelmingly dissatisfied with the direction of the country. We weren't alone in this, to be sure. Other conservative sites were pointing out the same things. But all the while, the mainstream press hdfc forex card pin change What are the flaws of stock market indicators pronouncements about how the economy had turned a corner, job growth was healthy, and we were making "steady" progress, while portraying anyone who said otherwise as a delusional Obama-hater.
In this they were simply taking their cues from Obama, who labeled any criticism of the economy's performance on his watch as "not supported by the facts. So it's no wonder the mainstream press completely ignored the pain and frustration that was festering in towns and hamlets they never bother to visit, and which drove millions to the polls to cast their asurion work at home address for Trump.
The election was as much a rejection of an insular, corrupt media as it was an indifferent establishment. This election exposed a media blind spot all right. It's called blind devotion to a failed president who never deserved it in the first place. Obama To Middle America: The Economy Is Doing Great, And If You Don't Think So, You're Dumb. How Obama's Regulatory You can get rich on binary options Has Killed U.
The Real Reason the Media Got This Election All Wrong | Stock News & Stock Market Analysis - IBD
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The media's failure in this regard was nowhere more evident than in how it covered the economy. We covered in great detail the mounting failures of ObamaCare and its ongoing unpopularity. Start a 2-week FREE trial.
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