Sunday, September 21, 2008
Bad words for the Stock Market
Never say or write “Crash” in the media while talking about the Stock Market…unless it actually happens.
MSM outlets know this well. No one will call the currents woes on Wall Street a Crash, (unless being specific, say for example, about the housing crash) Here’s one blogger who was called out for misusing the term.
Naming the Stock Market troubles a crash right now would be too sensationalistic, apocalyptic even. Yet, it’s perfectly acceptable to use all other terms referencing the Crash in 1929 to describe today’s Wall Street.
Sam Stein used “Black Monday” to talk about McCain’s new plans for the economy last week.
Before this, Mike Garibaldi brought up “Great Depression II” while writing on Obama and McCain.
The past few weeks have indeed amounted to a historical crisis, but some of this alarmist vocabulary feels overboard. I would guess that democrats are more willing to use this speech while tying politics and the economy together. Republicans? Not so much.
The falling market is undoubtedly a concern for the GOP too, but conservatives would be less alarmist on financial issues. After all, many have been targeting Bush for failures of the market.
In general, McCain’s campaign prefers to stay hush-hush on references to Bush. Republicans and Democrats alike just want to forget that 8-year catastrophe.
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1 comment:
Keep your eyes on the prize: the newsmedia, not the campaigns or the politicians. This post devolves into an analysis of Democrats and Republicans, on a blog that is purportedly about the media. There's some serious topic drift, here.
Play-by-play:
Was your post inspired by a promo for this upcoming ON THE MEDIA episode, or simply prescient? Curious to know.
"Yet, it’s perfectly acceptable to use all other terms referencing the Crash in 1929 to describe today’s Wall Street."
Why might that be? You need to analyze, not just report. If you're going to raise a question, take a stab at answering it.
"I would guess that democrats are more willing to use this speech while tying politics and the economy together. Republicans? Not so much."
What leads you to believe this? Don't guess; do some shoe-leather reporting, or at least websurfing, run the facts to ground, and tell us what you think based on the evidence you excavate.
"The falling market is undoubtedly a concern for the GOP too, but conservatives would be less alarmist on financial issues. After all, many have been targeting Bush for failures of the market."
Can't follow this corkscrew. How does it logically follow that conservatives are less alarmist because they've been blaming Bush for the economic downturn? I don't get it. And WHY would conservatives be less "alarmist"? Also, is it really alarmist to make panicky noises about the economic freefall, as you claim Democrats are more inclined to do? I mean, isn't the economy in freefall? You seem to suggest as much. But what does this have to do with media criticism?
"In general, McCain’s campaign prefers to stay hush-hush on references to Bush. Republicans and Democrats alike just want to forget that 8-year catastrophe."
Where's the supporting evidence for these assertions?
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