Saturday, November 26, 2005

No news is good news when it comes to the economy

The stock market hit a half-decade high on Friday, despite a litany of hurricanes earlier in the year and a massive terrorist attack in 2001. Tigerhawk notes:

...the tradition at the New York Times of linking short term swings in the financial markets -- at least when they are negative -- to the policies of the Bush administration. On April 16, 2005, for example, the Times ran a front page story with the headline "Stocks plunge to lowest point since election," suggesting that it was the election that had something to do with the "plunge." We eagerly await the front page story with this headline: "Stocks soar to highest point since before September 11, 2001". We're fairly sure, however, that we won't see it in the Times.

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