OLD Media Moves

ABC: Low job growth is a good thing

June 4, 2006

Les Russ on the Watching the Watchers web site is critical of coverage by ABC’s Dan Arnall regarding the low job growth numbers reported Friday.

ABC NewsArnall reported that the low job growth number might cause the Federal Reserve to stop raising interest rates, and the Treasury Secretary John Snow emphasized that the unemployment rate hasn’t been this low in five years. Arnall also noted that the numbers might spark a stock market rally.

Russ took exception to such spin. He wrote, “Not to mention that low job growth leaves plenty of opportunity for growth next month.

“And have you heard the good news about Iraq? Several more buildings exploded today, leaving fewer buildings available as targets for the insurgents.

“Heard the good news about the Republicans in congress? So many are implicated in corruption that we can be damn sure our corruption-finding procedures work Jim Dandy!

“Want to hear some good news about business journalism? So do I.”

Read more here.

Subscribe to TBN

Receive updates about new stories in the industry daily or weekly.

Subscribe to TBN

Receive updates about new stories in the industry.