TheStreet.com media critic Marek Fuchs wants to know why the media — with the exception of The Wall Street Journal, New York Times and New York Post — have been so easy on the struggling automakers.
“But let’s take a look at the Financial Times, which weighed in with something even more positive: ‘Detroit’s Big Three open to oversight: Auto bail-out talks gather speed on Capitol Hill.’
“The Financial Times did put its finger on a slight uptick in Big Three performance and the slightly warmer Washington greeting they got in response. But as much as I like to throw my opinion behind the minority (the majority’s conventional wisdom, especially in the echo chamber that is both Wall Street and the financial media, often turns on a dime and catches up), I think the FT is making too much of the low expectations the Big Three set their first go-round.”
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