Thursday, May 1, 2008

Why the 24 hour newsmedia sucks (yet again)

What if two of the three major candidates running for president came up with a proposal that was so bad that economists from both the left and right opposed it? Would the 24 hour news media cover the story? Well, we're finding out our answer and the result isn't promising. Hillary Clinton and John McCain crafted a gas tax holiday proposal. From Gregory Mankiw to the Brookings Institute to Paul Krugman and the National Bureau of Economic Research, to Thomas Friedman; this is being hailed as possibly the dumbest economic stimulus proposal ever created. And yet, the news media has barely even mentioned this story. Instead they're focused on Jeremiah Wright who has already been repudiated by Barack Obama. Now maybe it's just me but when the two "experienced" candidates sign on to a terrible piece of legislation while the inexperienced candidate voices opposition, I'd say it's a huge deal. While I may not agree with Obama's choice of pastor, it doesn't personally offend me as much as two candidates using blatant pandering to support a bad piece of legislation. For the news media to miss this story is at best negligence and at worst a bastardization of their duties as journalists. Anyone who didn't cover this story should be ashamed or embarrassed.

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