Monday, January 22, 2018

Fake Awards

   For all the advance ranting, the highly touted "fake news" awards never did come from the Oval Office.
   Instead, the president tweeted a link to a list made by the Republican Party. Most were minor errors that were quickly corrected by news media editors, or were opinion pieces.
   The "winner" of the presidential "fake news" award list was a column by Nobel Prize economist Paul Krugman that ran a year ago, the day after inauguration, predicting an economic collapse from which the country would "never recover."
   That prediction, of course, did not pan out. The U.S. economy has not collapsed.
   Yet.
   
   Your guess is probably as good as anyone else's, but as the stock market continues to reach new highs, there is increasing speculation on when, whether and how strongly a "correction" will hit stock markets and possibly the overall economy as well. Moreover, there is wide disagreement as to whether Wall Street statistics are a barometer of the economy, or merely a reflection of investor enthusiasm or panic.
   In any case, Krugman is not a reporter, and an opinion piece is not "news." Therefore, it cannot be considered "fake," no matter how strong the disagreement.

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