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REPORT: Lack of demand: Cable channels, Sunday shows leave economists on the sidelines in recovery debate

February 11, 2009 6:07 pm ET

SUMMARY: A Media Matters study of Sunday talk shows and 12 cable news programs from January 25 through February 8 found that few economists have been given time on television to talk about the economic recovery plan. During 139 1/2 hours of programming in which the economic recovery legislation was discussed, economists made 25 guest appearances out of a total of 460 -- only 5 percent.

Comments

In the hour following President Obama's February 9 press conference -- during which he gave a brief address about the economic recovery legislation currently moving through Congress -- cable news programs featured guests and panelists to discuss Obama's remarks. But CNN, Fox News, and MSNBC did not bring on a single economist to discuss the plan. The absence of economists in the post-press conference discussion was consistent with the observation made by Crooksandliars.com founder John Amato in a February 4 article on The Huffington Post: "I'm sure you've heard about the hundreds of economists that are either for or against President Obama's stimulus plan. My question to the media is: Where are they?" Indeed, a Media Matters for America review of the Sunday talk shows and 12 cable news programs from January 25 through February 8 found that during 139 1/2 hours of programming on Sunday mornings and weekday afternoons and evenings, of 460 total guest appearances in discussions about the economic recovery legislation and debate in Congress, only 25 were made by economists -- a mere 5 percent.

Media Matters purposefully used a broad definition of "economist" to be inclusive, coding as an economist any guest who has a master's degree or doctorate in economics or who has served as an economics professor at a university or college, as best as we could determine. (All current members of Congress were coded as non-economists.)

On cable news channels, economists made a total of 18 guest appearances out of a total of 399 guest appearances in broadcasts that included guest discussions of the stimulus. The show that featured the most guest appearances by economists was Fox News' Glenn Beck, which featured seven: Arthur Laffer, Stephen Moore (who appeared twice), Barry Ritholtz, Amity Shlaes, Thomas Sowell, and Ben Stein:

Cable channels

Program

Economist guest appearances in which stimulus was discussed

%

Total guest appearances in which stimulus was discussed

Hours of programming in which stimulus was discussed

The Situation Room

3

4%

73

30

Lou Dobbs Tonight

1

4%

27

10

Campbell Brown: No Bias, No Bull

0

0%

26

8

Anderson Cooper 360 (10 p.m. ET hour only)

0

0%

31

9

Your World with Neil Cavuto

2

4%

53

10

Glenn Beck

7

33%

21

9

The O'Reilly Factor

1

7%

15

7

Hannity

0

0%

44

10

Hardball with Chris Matthews (5 p.m. ET hour only)

1

2%

46

10

1600 Pennsylvania Avenue

1

3%

37

9

Countdown with Keith Olbermann

1

7%

15

9

The Rachel Maddow Show

1

9%

11

8


Among the Sunday shows, ABC's This Week was the only one to feature at least one economist on each broadcast:

Sunday shows

Program

Economist guest appearances in which stimulus was discussed

%

Total guest appearances in which stimulus was discussed

Number of broadcasts in which stimulus was discussed

This Week

3

15%

20

3

Face the Nation

1

14%

7

3

Meet the Press

2

14%

14

3

Fox News Sunday

1

5%

20

3


The following is a list of all the guest appearances by economists coded in the study:

Date

Network

Show

Guest

1/28/2009

MSNBC

Hardball with Chris Matthews

Armey, Dick

2/5/2009

CNN

Lou Dobbs Tonight

Ferguson, Niall

2/4/2009

MSNBC

Countdown with Keith Olbermann

Huffington, Arianna

1/25/2009

ABC

This Week

Krugman, Paul

2/4/2009

MSNBC

The Rachel Maddow Show

Krugman, Paul

1/28/2009

FNC

Glenn Beck

Laffer, Arthur

1/28/2009

FNC

Glenn Beck

Moore, Stephen

2/2/2009

FNC

Glenn Beck

Moore, Stephen

1/27/2009

MSNBC

1600 Pennsylvania Avenue

Orszag, Peter

2/5/2009

CNN

The Situation Room

Orszag, Peter

2/5/2009

FNC

Your World with Neil Cavuto

Orszag, Peter

2/8/2009

ABC

This Week

Reich, Robert

2/3/2009

FNC

Glenn Beck

Ritholtz, Barry

1/30/2009

CNN

The Situation Room

Rivlin, Alice

2/8/2009

CBS

Face the Nation

Romer, Christina

1/26/2009

FNC

Glenn Beck

Shlaes, Amity

1/30/2009

FNC

Glenn Beck

Sowell, Thomas

1/30/2009

FNC

Glenn Beck

Stein, Ben

2/6/2009

FNC

The O'Reilly Factor

Stein, Ben

1/25/2009

NBC

Meet the Press

Summers, Larry

2/8/2009

ABC

This Week

Summers, Larry

2/8/2009

FNC

Fox News Sunday

Summers, Larry

1/30/2009

FNC

Your World with Neil Cavuto

Wheelan, Charles

2/1/2009

NBC

Meet the Press

Zandi, Mark

2/6/2009

CNN

The Situation Room

Zandi, Mark


A list of all the guests who discussed the recovery plan classified as either economists or non-economists is available here.

As Media Matters has documented, media coverage of the plan has been marred by conservative falsehoods and misinformation.

Methodology

Media Matters coded the following cable news shows for the weeks of January 26-30 and February 2-6:

The Situation Room (4-7 p.m. ET), CNN

Lou Dobbs Tonight, CNN

Campbell Brown: No Bias, No Bull, CNN

Anderson Cooper 360 (10 p.m. ET hour only), CNN

Your World with Neil Cavuto, Fox News

Glenn Beck, Fox News

The O'Reilly Factor (8 p.m. ET broadcast only), Fox News

Hannity, Fox News

Hardball with Chris Matthews (5 p.m. ET broadcast only), MSNBC

1600 Pennsylvania Avenue, MSNBC

Countdown with Keith Olbermann (8 p.m. ET broadcast only), MSNBC

The Rachel Maddow Show (9 p.m. ET broadcast only), MSNBC

Media Matters also coded the Sunday-morning talk shows on ABC, CBS, Fox, and NBC for January 25, February 1, and February 8. All shows were one hour long except for CBS' Face the Nation, which runs for 30 minutes:

Face the Nation, CBS

Fox News Sunday, Fox

Meet the Press, NBC

This Week, ABC

Media Matters counted as appearances instances in which someone appeared as a guest on a show -- either live during the show or in a taped interview aired during the show -- and discussed the economic recovery plan. If a guest appeared more than once in a broadcast during separate segments, that guest was counted only one time for the purposes of this study. Reported stories and news packages were not included in the study. Guests who did not participate in a discussion of the plan were also not included in the study.

All guests coded were classified as either an "economist" or "other." To be classified as an economist, a guest must have received an advanced degree in economics or served as an economics professor at a college or university. We used bios, profiles, resumes, and news stories available online to determine as best we could each guest's educational background and professional experience. We coded all current members of Congress as "other" without assessing their educational or prior professional background. Ben Stein, whose bio states that he "worked as an economist at The Department of Commerce," was coded as an economist.

Broadcast hours calculated for this study include only broadcasts in which at least one guest was on to discuss the economic recovery plan. Transcripts for shows were reviewed through the Nexis news database. Transcripts for CNN shows were also obtained through CNN's website. Shows for which no transcripts were available were viewed via digital recordings.

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    • Author by jamesB (February 11, 2009 6:13 pm ET)
         

      probably because by and large, like it or not,  these are political shows, with the emphasis on the political ramifications of the stimulus bill. Did you check out Cnbc or the Fox business channel?  That is where people more concerned with the economics of this bill would tune rather than the politics of it, as in the shows listed here, I would imagine.

      Report Abuse
      • Author by captfoster2 (February 11, 2009 6:26 pm ET)
           

        First, anyone that would watch FoxNoise to get any information on the Reinvestment and Jobs creation bill need to have their head examined!

        Besides... I thought these shows were 'news'... isn't that Fox's little mantra?

        Having an opinion is all fine and dandy... but it simply can not be done under the guise of 'news'... which is why so many people consider FoxNoise a propaganda arm of the GOP.

        I'll read the law itself and/or take the word of Obama and his team over that of a bunch of paid for corporate whores any day!

        But you probably don't have the extra gray matter to figure that out on your own...

        Report Abuse
        • Author by Limit Corp. Ownership (February 11, 2009 7:04 pm ET)
             

          The corporate media gives us the economic analysis of distinguished dingbats like Joe Scarborough and Mika Brezinski.

          After all, Mika got a C in her home economics class in high school.  And Joe knows his times tables by heart.

          Report Abuse
          • Author by shoes89 (February 13, 2009 3:56 pm ET)
               

            I don't understand MM's beef.

            Obama put Leon Panetta in charge of the CIA, even though he hasn't worked a nanosecond in the intelligence business.

            If a "non-intelligence" person can talk about intelligence, why can't a "non-economist" opine about economics?

            ??

            Report Abuse
      • Author by snoopy (February 11, 2009 10:59 pm ET)
           

        Please, no more...

        no-ostrich_0_20c70.gif

        Report Abuse
    • Author by psmarc93 (February 11, 2009 6:26 pm ET)
         

      Well, I personally would turn to a financial station for financial news, but any discussion of the economics needs more than a 5% discussion from an economist. (Personally, I found MM's definition generous -- Ben Stein, really? Reallyl?) When Terry Schaivo was the zombie darling of the airwaves, doctors were called in by political media forums quite frequently I remember. So, I'll bite. Who has an idea why no one's asking the economists?

      Report Abuse
      • Author by Kyle_Broflovski (February 12, 2009 10:49 am ET)
           

        Dear MMFA-

        Ben Stein is NOT an economist.  He is an actor/comedian, and a poor one at that.  He is also an anti-science kook!

        Report Abuse
    • Author by sigtek44bc1345 (February 11, 2009 8:25 pm ET)
         

      Why not turn to Al Gore for the answers? After all, he knows nothing about science yet his opinions about science are golden.

      Report Abuse
      • Author by eweston8542983 (February 11, 2009 10:00 pm ET)
           

        Do you provocitize much arround here.

        Still sore that Rush couldn't nominate himself for a nobel prize?

        Report Abuse
      • Author by my4cents (February 11, 2009 10:07 pm ET)
           

        He got a Nobel prize too. Too bad, your choice (in my opinion) President Bush did not.

        Report Abuse
      • Author by LuvLuLu (February 12, 2009 12:47 am ET)
           

        Al Gore is not solely expressing his opinions. He has the weight of multiple scientists and scientific organizations behind him.

        Democrats in Congress and President Obama have the weight of the vast majority of economists behind them in their desire to pass a huge stimulus bill. It's their learned opinion, based upon advice from those economists, that we're hearing.

        Then we get the 'other side', from Republicans that don't have non-partisan economists and history and the facts on their side.

        Why haven't we heard from the economists? Lots of them. Because it would shoot down the Republican arguments, and it's better theater with a two-sided debate, even if one side is bereft of new ideas and allergic to reality.

        Report Abuse
        • Author by sigtek44bc1345 (February 12, 2009 9:33 am ET)
             

          There is no debate on the economy, luvluv. Remeber what Nanacy Pelosi said, backed up by her spineless buddy in the senate, Nancy Reid, "we won the election". Period, end of debat. Don't pretend any real Republicans had anything to to with the Porkulus payback package.

          Report Abuse
          • Author by magnolialover (February 12, 2009 9:38 am ET)
               

            Don't worry. We know that republicans didn't have much or anything to do with the stimulus package, and when it works, we will rake your party over the coals about it as well. Can you say super majorities in the House and Senate? And then we can really get something done. I can hear the ads now for the midterms, and when this does work out, every House republican should be worried about his/her job.

            You call Pelosi spineless, and yet, we got the package pushed through the House with no problem. You call Harry Reid a wimp, and yet, we got the package pushed through the Senate as well.

            We did win. We won a lot in November. We're running the show now. And we'll be better off for it. We tried it the republican way for 8 years, and finally that nightmare is over. Stand back son, responsible serious people are running the show now.

            Report Abuse
            • Author by markbfoot199 (February 12, 2009 10:00 am ET)
                 

              Mags, just remember this goes both ways.  When you fail, which will happen, you will lose all your majority, you will become the party that showed the World how wrong you were,. The sad part is that N. Pelosi and H. Reid with a majority in the House and Senate had a very, very hard time pushing this bill through.  I would not be running around being so excited about push how they pushed through the bill.  Remember this is not law yet, there will be more taken out once done.  The President has only been in office for a few weeks and already his popularity is falling, and the Senate and the House have some of the lowest approval ratings ever. So yes I will stand back and watch serious failure and be sad that this is happening cause you and your party are dealing with lives and are willing use them to get a pork spending bill passed.

              Report Abuse
              • Author by mary59 (February 12, 2009 11:00 am ET)
                   

                What a sorry state of affairs, when you can't get past your concept of teams "winning" and losing elections, as if it was a sporting event.  It's not.  There are people's lives affected here.  Good policy helps everyone, whether your "side" pushed for it or not.

                When the Republicans were in power, I hoped and prayed that they would try to help the people they represented.  Well, turns out the only people they truly represented were the super rich.  Let's try helping people find work.

                Report Abuse
                • Author by markbfoot199 (February 12, 2009 12:07 pm ET)
                     

                  So Mary, you did not understand my last statement.  I was responding to Mag, who was so excited that they won, that Serious People have won, that the Republicans need to now sit down, shut up and let the Dems do the work.  The problem is that,  yes we have a Democrate as a President, and we have a majority of Democrats in the House and Senate.  The part that gets lost in all of this, is that each person there is a elected offical that they all get a voice, they all get to have a say in this bill, and right now that is not the case.  So, So many Americans do not think this is the correct way to get this country moving forward.  Let me ask one question that seems to not be asked?  What happens in two years when China calls in on our debts?  After we have borrowed all this money and majority has come from them, then what are we going to do as a Nation?  What about instead of spending all of this money we as a nation cut back on our spending, do not out spend what we make.  That seems to be what got us in this problem in the first place.  The housing market, people buying house they could not afford.  Do not blame the person who gave the loan, the responsibilty is your own. 

                  Report Abuse
                  • Author by foghornleghorn (February 12, 2009 12:35 pm ET)
                       

                    that the Republicans need to now sit down, shut up and let the Dems do the work.

                    Coudn't have said it better myself.

                    people buying house they could not afford

                    That, my friend is a LIE!  One that is commonly spouted by idiots who know nothing about the housing market.

                    Report Abuse
                    • Author by markbfoot199 (February 12, 2009 2:11 pm ET)
                         

                      So, your telling me that the folks that are getting forclosed have the money, but the bank will not take it?  It is not a lie, when you do not pay your mortage, you lose your house. 

                      Report Abuse
                      • Author by foghornleghorn (February 12, 2009 2:12 pm ET)
                           

                        Let me be very clear, because it seems you missed the point (as usual).  People are not getting foreclosed on because they bought a house they couldn't afford.  A much more common reason is people LOST THEIR JOB.

                        Report Abuse
                        • Author by markbfoot199 (February 12, 2009 2:35 pm ET)
                             

                          Fog, this problem started about 3 yrs ago, when employment was still in the 4's.  I know for a fact that 3 houses near me that were forclosed was not because they did not have jobs, it was because they bought a house the should have never bought.  Many, Many folks did not understand what happens when you buy a house, they did not understand property taxes, they did not understand community taxes, they do not what PMI Insurance was or why they pay it, they were unaware of Escrows, all they saw was what they would pay the bank.  This is why were foreclosed.  So let me be CLEAR, you are the one that has missed the point. 

                          Report Abuse
                          • Author by foghornleghorn (February 12, 2009 3:02 pm ET)
                               

                            Wrong again.  Your empirical evidence doesn't make it a FACT.  I work in the real estate industry.  Do you?  I talk to bankers, loan officers, and other real estate professionals every day.  Do you?  I know what's going on in the housing industry, because I deal with it every day.  Do you?  I know what the markets were doing 3 years ago.  There were few if any foreclosures.  What changed since then?  Did people get dumber?  Your gossip with your neighbors proves NOTHING.

                            And your little unemployment factoid is meaningless.  When people lose their career job, they most often resort to getting a LOWER PAYING job.

                            And once again you have proven that when it comes to the housing crisis, you blame Americans first.   

                            Report Abuse
                            • Author by markbfoot199 (February 12, 2009 3:24 pm ET)
                                 

                              So, who do you blame, I guess you do not beleive in one's owe responsibility.

                              Report Abuse
                              • Author by H-Man (February 12, 2009 4:08 pm ET)
                                   

                                There were people who purchased houses that are not too expensive. Part of the problem was that many people didn't understand ARM loans. There were also a bunch of unscrupulous lenders who steered people towards loans that would give them a higher commission versus being the right loan for the homeowner.

                                Mortgages are a two way street. The lenders want to balance the risk of non-payment versus the profits of interest payments. All of the sudden people could divide up bad mortgages and sell them to banks as securities. Now there really was no risk for the person originating the loan. They make a loan sell it for a profit and walk away.

                                Anyone who has bought a home understands that mortgages are very complicated. That’s why some states require a lawyer to represent each side. Most people relied on the banks to tell them how much they could afford given their current financial situation. Once again that’s because the lender was sharing the risk. So I have a hard time blaming all the customers who were in a system that went from helping you to feeding off you.

                                So the question is was it greedy customers or greedy lenders. I know there were some of each on each end. But lets look at it. If a customer is greedy they can loose their home. The greedy lenders had nothing to lose since they were repackaging the mortgages and selling them to other banks. So I think there were more bad lenders than greedy customers.

                                Report Abuse
                                • Author by markbfoot199 (February 13, 2009 10:11 am ET)
                                     

                                  The responsibilty falls on the preson that is receiving the money. Period.  If you do not understand what you are signing, then step back, read, then sign.  If you still do not understand, then find someone to help you. 

                                  Report Abuse
                                  • Author by mary59 (February 13, 2009 10:36 am ET)
                                       

                                    Easier said than done, for many folks.  I think you underestimate the amount of outright FRAUD that went on with the mortgage lenders.

                                    And to the above post of mine, I wish you would look objectively at the post you made in response to mags and see if there isn't that stupid gamemanship aspect to it.

                                    Report Abuse
            • Author by bruce1ace (February 12, 2009 11:34 am ET)
                 

              There are plentry of progressives out there that think this bill is too conservative and too small.  Maddow and Krugman have been pretty critical about the contents of this package.

              This is not a pre-written success story by any stretch of the imagination. 

              My goodness, just the early problems alone of getting some of Obama's nominees in position should have given you a touch of humility.

              Report Abuse
              • Author by greatjob (February 13, 2009 1:09 pm ET)
                   

                "My goodness, just the early problems alone of getting some of Obama's nominees in position should have given you a touch of humility."

                .

                Report Abuse
                • Author by mary59 (February 13, 2009 3:33 pm ET)
                     

                  Oh my goodness gracious, guess what, it happens with many presidents.  Maybe even nutball zealots like the bushies.  They probably had less problems, because they ONLY considered right-wing ideologue zombies, I forget.

                  Report Abuse
            • Author by sigtek44bc1345 (February 12, 2009 2:19 pm ET)
                 

              ......siad the 11 year old to her parents.

              Report Abuse
      • Author by eweston8542983 (February 11, 2009 9:19 pm ET)
           

        Boy I'll bet you didn't type all of what ever the above is supposed to support. Kudoes for the two current myths, FDR"s New Deal and the Japanese lost decade. Can you actually debate on the two situations at all? Are you able to encompass evidence which some neocon hasn't fed you?

        Report Abuse
      • Author by cArn (February 11, 2009 9:33 pm ET)
           

        Respectable economists should have more than 5% airtime discussing the debate, period. It doesn't matter whether they support the stimulus plan or not. As for your post, I flagged it for the obvious reason that it takes up way too much space. That's 203 names PER LINE. You could have done just as well stating the fact and providing the link. Get a grip.

        Report Abuse
      • Author by Marker (February 11, 2009 9:39 pm ET)
           

        Cato institute crap, it was in the newspaper, why are polluting MM with this kind of crap. Focus has never been a strong suit of the repug.

        Report Abuse
        • Author by psmarc93 (February 12, 2009 1:05 pm ET)
             

          So true. In a recent "debate" about why FDR did NOT cause the Great Depression, or even "increase" unemployment, my republican debaters started babbling loudly about ACORN and money for condoms -- maybe it was money for condoms on acorns, anyway, I suddenly found myself all alone on our topic wondering what happened. You know, I think a lot of conservatives (some libs too) need to find a way to graciously concede a point... as in, "You may well be right, thanks, I'll look into that more." Really, when you're losing a debate, grabbing the guns of another argument entirely doesn't defend you!

          Report Abuse
      • Author by truth2tell (February 11, 2009 10:15 pm ET)
           

        This is a guess: did all those "economists" attend the University of Chicago?

        Report Abuse
        • Author by captfoster2 (February 11, 2009 10:39 pm ET)
             

          My guess is.....

          Probably!

          As for you Jockelay.... I too have flagged you inane post... not just for the waste of space... but for its overall uselessness!

          Report Abuse
          • Author by BrenMan 94 (February 11, 2009 11:13 pm ET)
               

            Of course!  If you are against the "stimulus bill", then you MUST have attended the University of Chicago!  The logic is infallable!

            Face it: The "stimulus bill" is a liberal shopping-spree.  I don't understand how funding a research programme on Global Warming will "stimulate" this country's economy.  I'm calling ad hoc on this bill.  There's no excuse for this much spending which will drive the USD's value into the dirt.

            Report Abuse
            • Author by captfoster2 (February 12, 2009 9:19 am ET)
                 

              "There's no excuse for this much spending which will drive the USD's value into the dirt."

              I'll submit to you that some of the spending might be construde as wastful... but compared to the out-right theivery of the Bush/Paulson bailout last year that allowed for microscopic to no public oversight??

              At least the money being used on the Global Warming project will be seen by us as its being spent... there is a website that the Obama people set up so that We the People can follow the money... but I don't know it at this time... perhaps someone will find it and share it?

              Report Abuse
            • Author by truth2tell (February 12, 2009 9:57 pm ET)
                 

              The University of Chicago is the home of Reagonomics/Neocomomics/unfettered capitalism which is at the heart of the current crisis.

              Report Abuse
      • Author by snoopy (February 11, 2009 11:17 pm ET)
           

        Report Abuse
      • Author by skiploader1111 (February 12, 2009 2:30 am ET)
           

        "To improve the economy, policy makers should focus on reforms that remove impediments to work, saving, investment and production. Lower tax rates and a reduction in the burden of government are the best ways of using fiscal policy to boost growth."

        Let's consider what THESE economists think are "impediments to work, saving, investment and production." GOVERNMENT REGULATION.  That is what these clowns think are "impediments."  Regulation of mortgage lending, regulation of financial assets and securities, regulation of credit card companies, regulation of energy markets.  The deregulations in these industries that have been conducted by Republicans and even some Democrats since 1995 when the Republicans took over Congress are the very reasons that America is in this mess.  Now they want to convince us that more deregulation is needed? 

        Tax cuts?  I'm still waiting for the tax cuts for the rich that Bush and the GOP put in place in 2001 and also more tax cuts for the rich later on to trickle down and help regular Americans.

        Report Abuse
        • Author by skiploader1111 (February 12, 2009 2:48 am ET)
             

          Common synonyms used by Republicans to lie about important regulations that keep economies intact: "Big Government," "Impediment to Business," "Burden of Government," "Red Tape," "Excessive Bureaucracy."

          Report Abuse
    • Author by flounder (February 11, 2009 10:34 pm ET)
         

      Amity Shlaes is not an economist. She got her degree in English and calls herself and "economic historian"; I doubt a "medical historian would ever be consulted on how to do surgery.

      I am a geologist, and no matter how much someone studied on their own, without getting a degree in geology they could not call themselves a geologist, no matter how much they knew about the history of geology. I am pretty sure the same standard applies to most professional fields where math and statistics are necessary. Could you update your article?

      Report Abuse
    • Author by hurricaneyankee52983 (February 11, 2009 10:51 pm ET)
         

      JOKE, Are you really RUSH LIMBAUGH in disguise? You are parroting his FAR RIGHT WINGbulls--t talking points perfectly.

      Report Abuse
    • Author by MickD (February 11, 2009 10:52 pm ET)
         

      No respectable gasbag political show wants facts when they have all these pontificating "star pundits" on.

      Report Abuse
    • Author by wolf kotenberg (February 12, 2009 12:12 am ET)
         

      There are plenty of them on CNBC. But they seem to be always arguing with eavch other, at lightning speeds most of the time.

      Report Abuse
    • Author by alanrsnipes1372 (February 12, 2009 6:22 am ET)
         

      While this is an impressive study, you didi not include the News Hour on PBS.

      I know a lot of people don't watch it, but the News Hour on PBS is the best news show by far. They have a number of economists on all the time and had at least 4 on Tuesday.

      Media Matters should encourage more people to watch the News Hour on PBS.

      Report Abuse
    • Author by ajzito (February 12, 2009 7:13 am ET)
         

      Can it get worse than Glenn Beck (at 33%) leading the way?

      I appreciate Jockelay's list.  Blanket statement's like "economists say" or "virtually everyone agrees" are merely rhetorical flourishes, and we need to be reminded occasionally that they are not literally true.  Jockelay, you might get more respect if you were to state your source or tell us what campaign you are representing.

      In my view history shows that sometimes spending works, and sometimes not.  Sometimes tax cuts work, and sometimes, as recently, we end up in a ditch that way.  Maybe this has something to do with why journalists don't call on more economists.  Like art and film critics, they earnestly offer their opinions, and nothing more.  

      Report Abuse
      • Author by IRONY 101 (February 12, 2009 7:48 am ET)
           

        In my view history shows...

        Correct...and some economists have opposing views, much of which is beyond either predictability or our comprehension. However, I'll stick with the guy I voted for to serve as President because his view makes more sense to me and I believe that immediate action is necessary. If Republicans wanted a Republican approach then they should have gotten out the vote and elected a Republican President and a Republican Congress...but that didn't happen.

        Report Abuse
    • Author by ppatt (February 12, 2009 10:22 am ET)
         

      This is indeed scary. I'ver long maintained that the portion of our population that has no clue on economics is in bad need of a primer. To function as a nation based upon fact and knowledge it's important to distinguish the consensus of the learned from hired-gun fringe theory. This is critical to success and there is a high cost of failure.

      Obamas recent speeches have been characterized as economics lessons and that is encouraging but it will take more than him. The startling statistic that 59% of Americans believe that the right approach to our current problems is tax cuts rather than jobs creation suggests that the problem will get worse before it gets better.

      Ron Regan had John Kenneth Galbraith on his show and it was very enliightening. It included a discussion of what might happen if we do nothing. Whether one ends up agreeing or not it is pure idiocy not to listen to the best and brightest on these matters.

      Report Abuse
      • Author by mary59 (February 12, 2009 11:04 am ET)
           

        And there are economists who have the bigger picture, and those ideologues, no matter what their credentials, who have their head in the sand. (thanks snoop)

        "The show that featured the most guest appearances by economists was Fox News' Glenn Beck, which featured seven: Arthur Laffer, Stephen Moore (who appeared twice), Barry Ritholtz, Amity Shlaes, Thomas Sowell, and Ben Stein"

        the above group is not willing to look at the facts with an unbiased eye.  Please someone get Ravi Bahtra on the air!!!

        Report Abuse
    • Author by hmotes (February 12, 2009 10:37 am ET)
         

      Shlaes has a B.A. in English.  How does that make her an economist?

      Report Abuse
    • Author by historygeek001 (February 12, 2009 11:48 am ET)
         

      Anybody who is unwilling or unable to understand that the Republicans controlled congress until 2006 and that Republican policies were implemented without restraint during W’s entire tenure is not worth listening to.  The idea that the blame should fall on Democrats for the huge deficit and disastrous financial policies is ludicrous and brings partisan politics to a new low.  If tax cuts for the wealthy would solve the crisis then we wouldn’t have a crisis to fix—they’ve been pushing tax cuts since W came into office.  We are facing a collapse and we need to fix the damage that the Republicans have done.  It is not rocket science to figure out that the Republicans controlled both Congress and the Presidency for six years, it is not rocket science to figure out that the Republicans did all that they could to prevent Democrats from passing legislation after 2006, and the fact that Boehner demanded and got, 100% Republican opposition to Obama’s stimulus package shows that they are not interested in actually solving any problems, they want to prevent Obama from succeeding.  They are actually putting their desire for power in front of the need to repair the economy and do not seem to care that they are causing horrible damage to the country they claim to love.

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      • Author by pithaughn (February 12, 2009 12:41 pm ET)
           

        Don't forget they have to prove how big their stones are every day, as big stones are just the best. Since they must always appear to have big stones they cannot possibly change their tune now; they must keep bleeting the same old load of crap because if they were to admit they were wrong, then goodbye appearance of big stones. It took many years for me to realize they are that immature, but sadly, they are at the emotional level of a jr high school playround bully. The one who would lash out in rage if you scored a td in a recess pick up game of flag football.

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      • Author by truth2tell (February 12, 2009 11:08 pm ET)
           

        Well put.  The Republicans are so unpatriotic!

        Report Abuse
    • Author by markbfoot199 (February 12, 2009 12:13 pm ET)
         

      Wow, 13 Dollars a month, the lower and middle class should be really happy.  What happen to the thousands that your President Promised.  Why bring on a Economist when, they even know this is bad. 

      Report Abuse
    • Author by cholly327 (February 12, 2009 1:13 pm ET)
         

      This is a very important study, as my feeling is that the Media, Cable news/entertainment in particular is doing a disservice to us viewers as they spend far too much time editorializing. Not enough expert opinion. Problem is these media groups are soooo protective and resistant to any form of constructive criticism.

      Who holds them accountable?

      Report Abuse
    • Author by ron2910 (February 12, 2009 1:49 pm ET)
         

      Ben Stein is not an economist and should not be considered such. He is at most an economic commentator but has not academic or real professional experience to be included as an "Economic Guest".

      Report Abuse
    • Author by diogenie27611 (February 12, 2009 3:53 pm ET)
         

      The problem illustrates a pervasive one in the "news" industry but one that is not necessarily due to an ideological agenda.  News TV rarely relies on experts to discuss a scientific/economic/technological issue.  Hence the rise of the "pundit" in the first place.  They MUST pretend to be experts on everything in order to maintain their camera face time and keep the celebrity status upon which the current "news" industry relies.

      After all, why would anyone listen to Rush Limbaugh or Al Gore on issues of Global warming instead of, I don't know, a SCIENTIST!!!!

      ANSWER: Scientists tend to be humble people who realizes that their expertise is in a very narrow field of study.  That's no good if you want to be a celebrity.  Pundits have no such humility.  You will also note two other distinct trends in the way pundits operate:

      1)  They often demonstrate outright hostility to professors.  Professors are the favorite target of media pundits because they MUST discredit the qualified to justify their own celebrity status.

      2)  They always inform the audience how smart and informed they are and how they must be intelligent if they are taking the time to listen to his/her radio show, or to read the book, etc... etc...  In this way, the celebrity pundit steps in for any actual intellectual inquiry and the audience is then reassured regarding their own anxieties about their own education, intelligence, worldliness, etc...  [Trivia games often operate this way as well... I must be smart because I can name all the people who starred in Beverly Hills 90210!!!  I didn't have to go to college!]

      The process is absurd and depressing but hardly a surprising one.

      Report Abuse
    • Author by bobbaillie (February 12, 2009 7:45 pm ET)
         

      I'm not sure what the point of the objection is.  Virtually all economists except for a few like Dean Baker at CEPR missed the dot com bubble, the housing bubble, and the Wall Street meltdown.

      Given their abysmal track record, who cares what economists have to say?

      Report Abuse
      • Author by truth2tell (February 12, 2009 10:01 pm ET)
           

        Let's take advice from the economists who had it right, like Paul Krugman.

        Report Abuse
    • Author by Timmee (February 13, 2009 12:13 am ET)
         

      He's also a big of tax cuts on capital gains and big business. During the Bush era he was frequently trotted out to say that not only were tax cuts good...they should have been bigger.

      Report Abuse
    • Author by markbfoot199 (February 13, 2009 10:08 am ET)
         

      Sen. Frank Lautenberg (D-N.J.) predicted that none of his Senate colleagues would 'have the chance' to read the entire final version of the 1,071-page bill before it comes up for a final vote.

      I am sure many of you think this is ok as well! Would it not be a good thing for your elected rep read the bill before voting? 

      Report Abuse
      • Author by mary59 (February 13, 2009 10:44 am ET)
           

        I totally agree with you.  Bills are way too complicated.  In my view, any bill should be short enough and written well enough for any person of normal intelligence to read and comprehend. 

        The "Patriot Act" is a good example of a bill that was passed with barely any congressman having read the thing. 

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    • Author by spooky3 (February 13, 2009 8:00 pm ET)
         

      You're right, according to Wikipedia - Stein has an undergraduate major in econ. but no graduate training in it was mentioned, and he hasn't held a faculty position in econ. The fact that he's written books about econ. without this background proves MMFA's point, in a backhanded way - why are people willing to read books (or watch TV interviews) about econ. written (spoken) by people with inadequate training, when they could instead read books by (listen to) experts?

      Report Abuse
    • Author by Clownbaby (February 14, 2009 11:42 am ET)
         

      Looks like Beck has had the most economists (and highest percentage of economist guests) on his show! Isn't that something MM would like to see, and isn't that the jest of this study?

      Report Abuse

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