The economic news is great. That's tough for a lot of MSM

Noel Sheppard at Newsbusters points out the great econonic news concerning job growth; and then he notes some big media outfits are downplaying the news:

Although the overall coverage was better than last month and throughout 2005, some of America’s leading media outlets downplayed the fabulous news released by the Labor Department on March 10, while “The Most Trusted Name in News” largely ignored it.

While Wall Street cheered the great news – the Dow Jones Industrial Average rallied by 104 points after the announcement – ABC and The New York Times weren’t content to allow people to celebrate for very long.

Instead, The Times began downplaying the good news in the first sentence of its March 11 article, stating the report was “igniting concerns” on Wall Street “that higher wages could fuel inflation.”

And, though ABC’s “World News Tonight” led with this story on the evening of March 10, it finished its report discussing those still having a hard time finding work, suggesting that this “may account for why 57 percent of Americans in our ABC polling say this economy is bad.”

When job growth is strong, a lot of MSM tell us that means the Fed will raise interest rates which could slow the economy and bring on a recession.

When job growth slows, a lot of MSM tell us that’s a sign we may be heading into a recession.

Many MSM news organizations have been talking down the economy since President Bush entered the White House.

That’s what explains 57 percent of Americans in ABC’s poll saying the economy is bad, even though we're experiencing the third consecutive year of strong economic growth with most forward-looking indicators pointing to strong future growth.