NOW THAT OBAMA IS PRESIDENT-ELECT, THE NYTIMES STARTS COMPLAINING ABOUT THE BAD EFFECT OF ALL THE NEGATIVE ECONOMIC REPORTING

NYTimes:

With unemployment figures beginning to resemble a mushroom cloud and the Fed running out of card tricks, I told a friend we were going to spend the weekend at my house making hard choices — scrutinizing every expense, eliminating spending where we could and downsizing at every turn.

“Really,” he said. “What has changed at your house?”

Well, nothing really — I might toil in a threatened industry, but my ID card still works when I go to the office and my wife is prospering in a job she loves. But like everyone else, I am making my way through a data cloud that is crackling with panic.

... Every modern recession includes a media séance about how horrible things are and how much worse they will be, but there have never been so many ways for the fear to leak in. The same digital dynamics that drove the irrational exuberance — and marketed the loans to help it happen — are now driving the downside in unprecedented ways.

... Courtesy of the media, we no longer have to be obsessed to be neurotic: the neurosis comes to us.

Hmmmm... seems like an incredibly HUGE inadvertent admission of MSM bias: so when a Democrat was POTUS the MSM made things seem better than they really were; while Bush has been president the MSM makes things seem worse; and now that Obama is president-elect....