The Donald explains why biz media cover real estate with negativity
Real estate developer Donald Trump was on Neil Cavuto’s show on FOX TV on Wednesday, and Cavuto asked him why the media is covering the real estate market with such negativity.
Here is the transcript:
CAVUTO: Why is that part of the picture not more broadly reported?
THE DONALD: You’re talking about the economy itself?
THE DONALD: Well the media seems to want to almost kill it because it happens to be a better story (other than folks like yourself, of course). The fact is, it’s a better story if the economy starts going down, and you read so many negative things. I can tell you, I’ve been reading about the real estate industry crashing for the last five years, six years, and it continues to be very vibrant. You see it with sales, you see it with a lot of other things. Now, it may not be quite as good as it was a year ago, or a year and a half ago. but by any other standard it’s a fantastic market.
So, the media loves to have a crash, and then they love to have a comeback, and then they love to have a crash again, you know, because that’s newsworthy and people buy newspapers.
My take: This is the man who is suing a New York Times business journalist for libel. How can he be objective about things like this?