TV biz journalists see economic crisis; economists aren't sure

Dan Gainor of the Business & Media Institute writes Wednesday that too many television business journalists are reporting about the economy as if it’s in a crisis when the economists aren’t sure themselves.

Gainor wrote, “The only people who appear to be sure of what’s going on in the economy are journalists who feed the “crisisâ€? idea to an unwitting public. The media have warned of recession or even depression throughout a 49-month run of positive job growth. But never more than in September when it briefly looked like that streak had ended.

“The next morning, Bianna Golodryga was warning ABC’s audience of the ‘Road to Recession.’ She summed up the reporting with this downbeat outlook: ‘Friday’s bleak jobs report conveyed a clear message. The economy may be in worse shape than previously thought.’

“Only it wasn’t. Or at least ‘the single-most important barometer of the nation’s economic health’ wasn’t.”

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