Saturday, January 31, 2009

Can't be.....

What happened to the good news?
Anyway, I like the noises Geithner is making. I am sure there is more bad news ahead. But there is good news, too–just this morning, we learned that the economy last quarter contracted less than it was expected to. But that can be reported in two ways. If you’re Reuters: you trot out a Chicken Little headline that says “GDP sees biggest drop in 27 years“. If you are the more moderate Drudge Report, you point to a story on Bloomberg and supply a tag line that reads “Economy Shrinks at 3.8% Pace, Less Than Estimated…” See the difference?

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