Monday, January 21, 2008

I read the news today, oh boy

We're always interested in the rhetoric that news outlets employ to explain -- or avoid explaining -- issues with political implications.

If you've read today's papers, you know that exchanges around the world are seeing sharp declines. The plunge is the result of the bad impression that Bush's "stimulus" plan has made in the world's financial community.

Yahoo, for example, carried a story, entitled "Stock Markets Plunge Worldwide Amid Pessimism Over US Stimulus Plan." Catchy title. Unfortunately, however, the article doesn't shed any light on why the world's financial community is pessimistic.

What would they like to see that's currently not on the table? Would the Democratic proposals make people less pessimistic? Alas. Silence.