Categories: OLD Media Moves

Rubin: Blame the biz media

Former Treasury secretary Robert Rubin blamed the business media for the current economic issues in the United States in a talk at an Aspen, Colo.-based ideas conference.

Sarah McBride of Reuters writes, “Rubin still believes the media could do more to explain issues, particularly when it comes to the fiscal crisis.

“‘There’s been a massive communications failure by your party’ in explaining budget issues, on-stage interviewer and Reuters digital editor Chrystia Freeland said.

“‘There’s been a massive communications failure by your profession,’ Rubin shot right back. The two joshed for a few seconds about whether the blame should be 50-50 or 80-20.

“Rubin, who after leaving the Clinton administration joined Citigroup as a board member and served temporarily as its chair before eventually resigning in early 2009 after his performance was criticized, still hasn’t given up on his dream of finding some philanthropist mogul to somehow save the day.”

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Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.