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Tuesday, June 11, 2013
MRC Whines That Minor Blip In Economic News Is Being Ignored
Topic: Media Research Center

Mike Ciandella omniously wrote in a June 3 Media Research Center business & Media Institute item:

Manufacturing activity dropped to its lowest pace in four years, according to The Institute for Supply Management’s (ISM) manufacturing index for the month of May, released June 3. However, none of three broadcast networks’s evening shows made any mention of it that night.

According to the ISM, this is the first time that U.S. manufacturing has contracted since 2012, reaching 49.0, the lowest level since June 2009.

But Ciandella offers no evidence that the report's one-month drop in manufacturing equals the economy "contracting." Nor does he mention that the number, while "the lowest level since June 2009," is significantly higher than that month's 45.8.

Ciandella goes on to whine, "The networks have repeatedly hyped economic optimism, but downplayed bad economic news." As long as Obama is president, you can expect Ciandella to hype bad economic news and downplay economic optimism.

Posted by Terry K. at 6:42 PM EDT
Updated: Wednesday, June 12, 2013 2:01 PM EDT

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