The Dow Jones Industrial Average exceeded 40,000 points for the first time in history. This happened under Joe Biden, but some of the biggest corporate media ignored it.
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A
President Biden issued a statement:
That’s good news for Americans’ retirement accounts and another sign of confidence in the U.S. economy.
I’m building an economy from the middle out, bottom up – and our investments are making a difference.
This is good news, worthy of mention in newspapers like The New York Times and The Washington Post.
Is it there?
No.
As Dan Froomkin noted, it appeared on the front page of the Wall Street Journal, not the Times or the Washington Post:
This story is nowhere to be found on the home page of the Washington Post or the New York Times. nowhere. (Wall Street Journal headline.) pic.twitter.com/l69wlq9Wfm
—Dan Froomkin (PressWatchers.org) (@froomkin) May 16, 2024
Rising stocks is indeed big news because the main Trump/Republican argument against Biden’s economic agenda is that it’s bad for stocks. Trump has for years credited the stock market with the economy, and the corporate media has echoed the former president’s self-praise.
In fact, the New York Times has published ten reports similar to “March,” most of which were about the exciting “success” of Trump’s Trump Media stock. How many articles have they published about the spike in this metric under Biden as of this article’s publication? This number will be zero.
The corporate media’s bias against Biden and Trump can be subtle, but in this case, it’s obvious. Good news about Biden was buried, while criticism was exaggerated.
Jason is the managing editor. He is also a member of the White House press corps and a congressional reporter for PoliticusUSA. Jason holds a BA in Political Science. His graduate work focused on public policy, particularly social reform movements.
Awards and Professional Memberships
Member of Society of Professional Journalists and American Political Science Association
