Meanwhile, over at the Media Research Center, they highlight a study that shows how the economy is reported in the media as horrible now and yet with much the same data, fantastic during Clinton’s rule. Economic numbers in 1996 and 2004 were very similar, but the media spin depends on who’s president, as this synopsis indicates.
Bill Clinton Boom,
George W. Bush GloomWhen Bill Clinton ran for re-election in 1996, the unemployment rate was 5.2 percent, inflation was three percent and economic growth was 2.2 percent. Sound good? The economy is just as good, if not better, right now: the unemployment rate is 5.4 percent, inflation is 2.7 percent, and economists’ consensus forecast for economic growth this quarter is 3.7 percent.
Yet a new study by Dan Gainor, Director of the MRC’s Free Market Project, found that while the national media mainly cheered the Clinton economy in 1996 (85 percent positive), reporters have mostly jeered the Bush economy in 2004 (77 percent negative). Two 2004 stories were judged as neutral.
FMP researchers analyzed TV news coverage the day of, or newspaper coverage the day after the release of unemployment and job creation reports during the summer re-election season (May to September) in 1996 and 2004. The outlets studied were ABC, CBS, CNN, NBC, The Washington Post and The New York Times. They found:
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