5 Reasons Americans Are So Wrong About Major Economic Facts
I’ll highlight number 3 on their list.
3) Blame the Media
The role of the media is to inform. So the media bears responsibility for this triumph of misinformation. But the problem with blaming “the media” is that “the media” isn’t unified enough to blame. Some will ding Glenn Beck for comparing a tax-cutting administration to Nazi government takeover, and they will have a good case. Others can blame more conscientiously objective news outlets for failing to adequately communicate basic facts about the economy: Taxes were cut; the bank bailouts will turn a profit; the economy is growing. But at the same time, many news organization have done a good job of explaining those facts, over and over again.