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CNN's Brian Stelter says the media is falling short because people think the economy is terrible

Here’s something we didn’t need: CNN’s Brian Stelter had on as a guest Sunday Paul Krugman, who said that it’s “a media failing” that people have a terrible view of the economy yet think their financial situation is “pretty favorable.” Of course, ask Krugman for his definition of a recession and you’ll note it falls in line with the White House’s insistence that we aren’t in one. Plus gas prices are plummeting!


CNN reports:

Paul Krugman, a Nobel Laureate and economist and a longtime columnist for the New York Times, said the economy is not in recession, but added that the distinction doesn’t even matter.

“Jobs are abundant, although maybe the job market is weakening. Inflation is high, though maybe inflation is coming down,” Krugman said. “What does it matter whether you use the R word or not?”

But in today’s divisive environment, the debate over whether or not to use the word recession by some members of the media has become “especially vitriolic,” Krugman said.

“I’ve never seen anything as bad as the determination of a lot of people to say it’s a recession,” Krugman said. “It’s above and beyond anything I’ve ever seen.”

Negative news stories often get the most attention, Krugman added, but when it comes to the economy, a plurality of voters appear to not be aware of its underlying strength.

“I think that what’s happening now is that there’s been a kind of a negativity bias in coverage,” Krugman said, pointing to a “media failing” when it comes to accurately covering the realities of what most Americans are experiencing in this economy.


“They want their Biden recession,” Krugman added.


It’s the media’s fault for people not thinking the economy is booming.


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