Bloomberg TV anchor Deirdre Bolton appeared on CBS’s January 9 “The Early Show” to report on a survey Bloomberg conducted January 3-8. The Bloomberg survey found that the majority of the economists weren’t completely pessimistic, but Bolton reported it differently.
“[W]ell, as you said the economy certainly is front and center,” Bolton said. “And in fact in the latest survey of Bloomberg economists, economists putting the odds of developing a recession at about 40 percent. Jay Bryson – he’s a global economist at Wachovia – he says we are skating on the edge of recession, but it’s all going to come down to the consumer. Another economist that we spoke with said that consumers right now are really hanging on by their fingernails. And of course it’s not really a surprise.”
However, that’s not exactly how Bloomberg reported this survey on its Web site. In an article headlined “U.S. Will Escape Recession, Economists Say in Survey,” the outlook accentuated a “softening” of the economy, not a recession.
Lets not forget that this is an election year and when it comes to the media - they will do what ever they can to make the republicans look bad and the democrats look like the saviors of the world.
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