Well, to be fair, the coverage the network gives to Obama is overwhelmingly negative. Their parent company GE has too much at stake in its defense contracting business to allow the network to “hate” Obama. However, there is a new article on CNBC about the market’s “feelings” towards President Obama that, were one not to read other news, would lead one to believe he has the same ratings as President Bush left office with (high 20s/low 30s). However, an NBC/WSJ poll finds that:
Despite the country’s struggling economy and vocal opposition to some of his policies, President Obama’s favorability rating is at an all-time high. Two-thirds feel hopeful about his leadership and six in 10 approve of the job he’s doing in the White House.
The article from CNBC, in contrast contains the following analysis:
“In its opening weeks the administration’s controversial cocktail of crisis management and social reform has made investors despondent, not hopeful, and change for the stock market has usually meant another price decline.”“Money manager Jim Awad, managing director of Zephyr Management [says] ‘Everything is going wrong. Nothing is going right.’”
“Rep. Michele Bachmann (R-Minn.) says the President’s recent comment comparing the stock market’s daily gyrations to ‘a tracking poll in politics’ shows ‘a sense of naiveté,’ adding it is ‘very concerning that this is the number one issue of our time and he is comparing it to polls.’” [Ed. I thought that's what the Republicans said about the markets & Obama]
“In short order, the Obama administration has cranked out a massive stimulus plan, a financial stability plan, a housing plan, a health care initiative and a budget blueprint. Trillions of dollars later, the measures—individually or collectively—have not only failed to reassure or impress Wall Street, but have actually spooked it.”
“Proposals like that essentially add insult to injury, and have become part of the problem, say critics in economic, market and political circles. “
“Yet, that’s becoming difficult for some amid all the market’s declines with Wall Street looking increasingly unimpressed with both the administrations policies and communications. The stimulus plan and other economic recovery initiatives are now totally suspect in some circles because they appear to be driven more by a social, not economic, agenda and political, not practical, considerations.”
There are “hopeful” comments in the article, but the general thrust is that Obama is failing in the job, something that is not widely held outside of the Republican party. The slant on this story provides further evidence that, rather than actually focusing on any successes, the network continues to regurgitate GOP complaints about the economic plans of the administration. It is fine for GOP commentators to voice their view, but when a “news” organization does it, it is called BAD JOURNALISM.
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