ABC Rolls Out the R-word as Markets Dip Below 11,000
ABC Rolls Out the R-word
as Markets Dip Below 11,000
Reporter Stark warns a recession could
be coming, ignores how well the economy is doing.
By Ken Shepherd
Business & Media Institute
June 8, 2006
The medias economic death watch continued on the June
7 World News Tonight as ABC correspondent Betsy Stark took a look
at the falling stock market and raised the specter of inflation
sparking a recession.
Is the correction over or are there more jobs to come, new anchor
Charles Gibson asked Stark after noting the stock market had closed
under 11,000. Stark corrected Gibson, noting that the market is not
seeing a correction, which she defined as a 10-percent drop in value
in a given month. However, Stark warned, if the Federal Reserve
would raise interest rates too much to fight inflation, it could
spark a recession.
Stark didnt balance that negativity with any economists or business
experts suggesting the economy will continue to perform well, or
would slow, but not contract.
As the Business & Media Institute has repeatedly found, the media
have
pessimistically covered the economys upswing for months,
drawing
negative omens while ignoring
positive developments
like 5.3 percent GDP growth in the first quarter and a strong job
market.
In January, BMI released Hit
Job,
a report on the medias poor coverage of the 2 million jobs added to
the economy in 2005.
