Why business journalists should cover the election

Michael Kinsley writes in Time magazine that given the current economic situation in the country, more business journalists should be covering the election.

Kinsley writes, “Where is the ‘conversation’ about the economy that’s even half as sophisticated as Obama’s speech about race? One that explains to people that you can’t just make everything better by sending out $1,200 checks? That there is a real cost to protecting overextended homeowners from the consequences of their own folly? That, yes, there are villains here, but blaming the whole mess on villainy is missing the point? That immigration and international trade are part of the solution, not the problem?

“Journalists don’t help. This is a golden age of economic journalism, with wonderful business writers churning out great stuff every day. But they’re not the ones covering the candidates. The endless political campaign has produced a permanent class of political journalists (or perhaps it’s the other way around). Many are just as wise as the business journalists, but they devote their wisdom to the minutiae of campaign strategy and are mystified to the point of terror about economics.

“C’mon, boys and girls–economics may be complicated, but it’s no more complicated than the laws about campaign-spending limits or the mathematics of Democratic Party superdelegates, all of which you handle with ease. We all know about the economist who predicted nine of the past five recessions. But you don’t want to miss this one. It’s going to be a whopper.”

Read more here.