Pro-Growth Bias is reflected in the media by the stories and words chosen, which hint and often trumpet that economic, population, and consumption growth is good and essential. We're here to expose the bias and encourage more balanced and thoughtful journalism. Here you can vote, discuss, and even post stories exemplifying the bias.
In a U.S. presidential campaign kickoff speech yesterday, the third member of the Bush dynasty trifecta met Hillary Clinton’s bigger-chicken-in-every-pot bet (my words), and raised her one:
"So many challenges could be overcome if we just get this economy growing at full strength. There is not a reason in the world why we cannot grow at a rate of four percent a year. And that will be my goal as president - four percent growth, and the 19 million new jobs that come with it.”
Bush finds a spot on the Wall of Shame today for promising robust economic growth, without...
Monday we shamed a Wall Street Journal report which went beyond reporting the facts about shrinking U.S. GDP. It was just one example from a flood of media accounts in which reporters inadvertently signaled their own judgment that a shrinking economy is bad news.
TV and radio pundit Larry Kudlow went even further on his syndicated WABC radio show Saturday, emphatically suggesting GOP presidential candidates promise 5% annual GDP growth. Kudlow, who aspires to be today’s Julian Simon, builds his entire identity around boosting growth.
“…what a lousy recovery this has been.”
“…we need a 5% economic growth target”
Kudlow’s growth rant was...
We have a good news/bad news scenario today. The bad news is, as the now-retired David Letterman famously said in a rant about fracking, “we are screwed.” The good news is that Crash Course author Chris Martenson has written a brilliant explanation of why that screwing is happening.
I’ve always said the first step in recovery from an addiction is to admit we have a problem. Check out Martenson’s In Denial: We Pursue Endless Growth At Our Peril, and share it with the policymakers, journalists and other growth junkies you know.
“…humans desperately need a new story to live by. The old...
The Wall Street Journal’s Josh Mitchell and Jeffrey Sparshott were just a few among many who on Friday perpetuated the fairy tale that everlasting economic growth on a finite planet is both possible and universally applauded. Their work appeared under this headline:
U.S. GDP Swings to Contraction in First Quarter
That headline was later changed to U.S. Recovery Stumbles Yet Again. The Journal’s report on the U.S. Commerce Department’s revised estimate is behind a paywall, so unless you’re a subscriber you’ll have to settle for the lowlights presented here. I call them lowlights because these are examples of the reporters letting...
Why do we need our economy to grow? This is a question never asked in mainstream media – and rarely asked anywhere. Matt Phillips chose a different question in a piece for Quartz:
Women are Going to Save Japan
His first paragraph guaranteed this report a place on our Wall of Shame:
"Why do economies grow?
It’s a simple recipe, actually.
Add rising labor productivity—total output per worker—to an increase in the number of people working, or some combination of the two. Shake vigorously. Voilà.
But it’s easier said than done, especially for countries like Japan where populations are stagnant or...