A new study from Pew confirms what I’ve suspected. The press has not been reporting on economics from the point of view of the average person but rather focusing mainly on big institutions and how our glorious masters in Washington are fixing all things.
Pew found that almost 40 percent of economic news reports dealt with the trials of the banking and auto industries, and the federal stimulus bill passed in February.
Unemployment and the housing crisis accounted for 12 percent. And, the study said, “stories that tried to explicitly examine the broader impact of the economic downturn on the lives of ordinary Americans filled 5 percent of the economic coverage.”