Wednesday, December 31, 2008
The Media - and Gas Prices
Another case of "don't believe everything you read in the newspaper"...
At TownHall.com, Dan Gainor notices:
"Journalists also chose to focus only on the bad news of energy prices. When prices were rising, newscasts were awash in oil and gas stories – 114 just in July. And rightly so. The cost of energy rippled through everything from food and travel to the stock market. One estimate said $1 on the price of oil meant $1 billion out of consumer pockets. But when those prices dropped, those issues were no longer important – even though that meant a savings of $100 billion. In November, as gas prices dropped to less than half their highs, there were just 26 stories.
One of the biggest national news stories of 2008 had ceased to become important because it became good news and the media were predictably absent."
