Barack Obama and Harry Potter « The Baseline Scenario

Barack Obama and Harry Potter « The Baseline Scenario: "y by James Kwak

Helene Cooper of the New York Times wrote a “news analysis” story saying that the challenge for President Obama is this:

“Is he willing to try to administer the disagreeable medicine that could help the economy mend over the long term, even if that means damaging his chances for re-election?”

The problem, she goes on to say in the next paragraph, is that the economy is in bad shape:

“The Federal Reserve’s finding on Tuesday that there is little prospect for rapid economic growth over the next two years was the latest in a summer of bad economic news.”

Now ordinarily I wouldn’t pick on the Times for something like this: it is just a newspaper, after all. But this case is a good example of right-wing talking points leaking into the mainstream media and then becoming part of the conventional wisdom, which is something that should be cut off as soon as possible."