Center for Economic and Policy Research
“Apparently Politico is among the small group of analysts who know what will move markets,” writes economist Dean Baker, referring to this line in a Politico story about the deficit reduction supercommittee: “If the committee were to take up changes to Social Security, it could show that Congress is looking for systemic changes to the nation’s finances — something markets and credit rating agencies want to see.” What credit agencies want is clear, Baker writes, but how does Politico know what the markets want? “It would be interesting to see Politico provide the evidence that is the basis for this assertion. Alternatively, if this is just intuition on the part of the reporters/editors at Politico, it would be important to disclose this fact as well.” Although Baker doesn’t mention it, Politico reporters Jake Sherman and Manu Raju aren’t the only ones to make this assertion in the story. Speaker of the House John Boehner is quoted as saying, “Nothing, nothing, would send a more reassuring message to the markets than taking bipartisan steps to fix the structural problems in Medicare, Medicaid and Social Security.”
Uncategorized
Dean Baker: How does Politico know what the stock markets want?
More News
How Poynter transformed a hands-on workshop into an email course
Lessons learned from an experiment in building a new journalism project
April 24, 2024
Opinion | Journalists at Columbia are leading the coverage of their campus
The Columbia Daily Spectator has expertly documented tense protests over the Israel-Hamas war inside and outside the campus.
April 24, 2024
Q&A: Mina Kimes on her run from acclaimed sportswriter to Emmy-nominated NFL Analyst
The ESPN star explains how she got over her fears (and the trolls) to get better at discussing the sport she loves
April 24, 2024
No, Morton Salt and other table salts do not contain sand and glass
Excessive consumption of salt can cause hypertension because of the sodium it contains — not because of glass in the salt
April 24, 2024
Opinion | Everyday sexism has no place in sports journalism
The conversation around Gregg Doyel’s comments to Caitlin Clark failed to address larger, systemic issues that could lead to better journalism
April 23, 2024