Monday, September 22, 2008

Tiptoeing Through The Tulips

Media coverage of the political fight about the market is surprisingly fair.  Every article I've read so far, from CNN to Intl Herald Tribune to Foxnews (when was the last time we saw the word "deliberative" in a Foxnews article?), seems to tiptoe through the issue.  Careful not to blame Republicans for the crisis.  Careful not to point out the Democrats holding things up in Congress.

I'd like to submit that this is because the market is no longer a bi-partisan issue.  And, when there is no big VS in the picture, the media covers something fair.  

The current issue with the market is how much it should be regulated.  NOT, whether it should be regulated at all!  This is a departure from the more common Free Market vs Regulation model we've seen for the past many years.  

Also, I think it must be noted that covering finance requires an interest in finance.  Therefore, articles on that subject will more than likely be from writers who either aren't as familiar with or aren't as interested in politics.

All in all it makes for refreshingly solid coverage.     

2 comments:

Daniel said...

Didn't Dr. Pimpare already make the point that (quoting Ezra Klein) that the media seems to only cover controversy? (see: http://crankydocs.blogspot.com/2008/09/blame-media.html)
I think that your point is valid and I'm glad that the candidates are concerned with the issue. Furthermore, I am glad that neither of them are making a controversy here when there really should not be one as they often tend to do.

Matt Williams said...

I'm not quite sure what your last paragraph meant. Could you elaborate?