Saturday, May 08, 2004

PREDICTABLE SILLINESS FROM FOX, BUT WORTH AN E-MAIL

Me, today, to comments@foxnews.com:

Just wondering why you chose to omit Fed Chairman Alan Greenspan's recent reference to "yawning fiscal deficits" in your story from Friday, May 7, entitled "Forecasters Shrink Deficit Projections." [See here.] You chose not to report on any of Greenspan's comments from Thursday until you could bury them deep in a story about a decreased (but still massive) deficit for this fiscal year. And even then, you chose to omit any precise reference to Greenspan's long-term concerns.

Perhaps your reporters didn't cover the Fed Chairman's remarks? This would be odd. Or perhaps you fear that Greenspan's message would be frightening to your customers? From the New York Times, note the following quote from Greenspan:

"Our fiscal prospects are, in my judgment, a significant obstacle to long-term stability because the budget deficit is not readily subject to correction by market forces." [See here.]

Your readers would be better served if they were told what the Fed Chairman thinks about budget deficits over the long term. Not to mention the fact that truly "fair and balanced" reporting would cover even unpleasant news for this particular Congress and President.

Sincerely,

Brett Marston