Financial Media Matters
The media watchdog group, Media Matters, has launched a new website, “Financial Media Matters.” The site will monitor the financial news, especially the papers (e.g., The Wall Street Journal) and cable channels devoted primarily to financial news, but also the financial news in mainstream media. It will look for bias, mistatements of fact, coverage of the “woes” of the financial fat cats vs. coverage of labor, and ordinary people. (Also looking for “pimping” of particular stocks, etc.) On today’s page, the site notes that Joe Scarborough, former Republican Congressman from Florida and host of MSNBC’s “Morning Joe,” falsely claimed that White House Budget Director Peter Orzag “admitted that the Obama Budget will create unsustainable debt.” Orzag said no such thing.
The new site also calls out the Wall Street Journal‘s article on the AIG bonus debacle for omitting the role of the Bush administration back in the Autumn. And, it wonders if CNBC’s Kudlow is illegally using his show to plug his election candidacy.
Media reform is essential to our democracy. Citizens can help by using these kind of watchdogs and then responding with calls to Congress and to sponsors of shows–and wide publicizing of media problems.
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