Nets Prefer to Panic About Parade Balloons, Ignore Good Economy


***To read the full blog, please check out the complete post on NewsBusters***

The broadcast networks (ABC, CBS, and NBC) dedicated almost three and a half minutes (3:28) of their Thanksgiving eve newscasts to hyperventilating about whether or not high winds would keep the balloons in the Macy’s Thanksgiving Day Parade grounded. Meanwhile, the economic growth numbers from the summer were out and showed more positive news. NBC Nightly News was the only newscast to mention the growth, but they quickly dismissed it in favor of fretting over the trade war with China.

And on the issue of your money, new numbers show consumer spending rose again last month continuing to fuel growth,” announced fill-in anchor and NBC White House correspondent Kristen Welker before taking a negative turn, “but there are fears the trade war with China could spell trouble.”

NBC correspondent Gadi Schwartz spoke with the owners of an Arkansas blacksmithy who were excited by the economy, but were feeling the pinch from tariffs against Chinese steel:

SCHWARTZ: How do you guys see the economy right now?

CORKY BAKER: It’s fantastic. We couldn't ask for better.

SCHWARTZ: But even here, among the forges of Arkansas, they are feeling the effects from this trade war with China.

C. BAKER: When the tariffs were announced within a matter of days, we got a letter from our steel supplier.

For now, they’re eating the costs and forging ahead through a trade war with no end in sight,” Schwartz declared. But that wasn’t true.


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