Showing posts with label Deroy Murdock. Show all posts
Showing posts with label Deroy Murdock. Show all posts
Thursday, December 11, 2014
Thursday, July 3, 2014
Saturday, June 28, 2014
To paraphrase the old Meat Loaf song, “One out of three ain’t bad.” That’s as much consolation as Americans can take from the behavior of the three main broadcast networks over the last two nights.
Wednesday morning brought the disturbing news that the U.S. economy had cratered to a -2.9 percent GDP growth rate in 1Q 2014. This was the worst GDP report in five years. Clearly this was big news.
Well, evidently not big enough for ABC’s World News Tonight nor NBC’s Nightly News with Brian Williams. Between them, neither broadcast uttered a syllable about this vital matter on Wednesday night.
To its credit, Wednesday’s CBS Evening News aired a full story on this downer. “The U.S. economy was in worse shape at the beginning of the year than we thought,” said anchor Scott Pelley as he introduced correspondent Anthony Mason’s detailed analysis.
Meanwhile, NBC discussed America’s efforts at the World Cup soccer tournament and gave a brief preview of Matt Lauer’s interview with Pippa Middleton, the sister of the Duchess of Cambridge. But Nightly News could not spare a moment to mention the growth gap into which America has tumbled.
“The U.S. economy is $1.6 trillion smaller than what an average recovery over the last 50 years would have generated,” Representative Kevin Brady (R., Texas), chairman of the congressional Joint Economic Committee, said in a statement. “Since the recession ended in June 2009, the cumulative loss in output has been $4.0 trillion compared with an average recovery. This lackluster performance explains why a family of four is missing more $1,100 in after-tax income and why there are 5.8 million fewer private payroll jobs compared with an average recovery.”
Read the full story: www.nationalreview.com
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