|MSNBC WANTS YOU TO BELIEVE: OBAMA IS REASON FOR DOW DECLINE
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|Author:||Catherine [ Mon Mar 09, 2009 2:46 pm ]|
|Post subject:||MSNBC WANTS YOU TO BELIEVE: OBAMA IS REASON FOR DOW DECLINE|
THIS IS INFURIATING! MAYBE IT'S TIME FOR KEITH OLBERMANN TO CONSIDER CALLING HIS OWN COLLEAGUES "WORST PERSONS IN THE WORLD!"
MSNBC continues to use misleading charts suggesting Obama is responsible for Dow's decline
Summary: In the past few days, MSNBC has repeatedly used misleading graphics of the Dow Jones industrial average showing a decline since the beginning of November 2008, suggesting that the drop started with the election of President Obama. In fact, the Dow was on a downward trajectory months before the election, dropping 3,738 points from May 2, 2008, to November 3, 2008.
At least twice during MSNBC Live on March 7, anchor Alex Witt aired a graphic labeled "Stock Market Slide," which started with "Election Day" and included a point marked "Inauguration Day":
During the 7 a.m. ET hour of MSNBC Live, Witt stated to CNBC senior contributor Ron Insana: "On Election Day, the Dow was at 9,625 and change; January 20 -- Inauguration Day -- it was at 7,949. And yesterday the Dow is at 6,622, a drop of nearly 3,000 points just since Election Day. I mean, any explanation as to why Wall Street has not taken to everything that President Obama is trying to do?" During the 10 a.m. hour, Witt again showed the graphic to Washington Post staff writer Anne Kornblut, stating: "[W]e have a graphic showing about how Wall Street has been just staggering. So, how long do you think good intent and this relative honeymoon period will last if the numbers and the graphs keep continuing the way they look right now on our screen -- downward?"
As Media Matters has documented, anchor Contessa Brewer also aired a cropped graphic of the Dow during the March 3 edition of MSNBC Live, labeled "Dow Since Election Day."
In addition, on the March 6 edition of Morning Joe, host Joe Scarborough aired a similar graphic, labeled "Dow Since Election Day," after stating: "[W]e've also been frustrated about the lack of clarity out of the Treasury Department. We've been showing graphics of the Dow Jones just collapsing since Barack Obama's election."
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