A Buffet of Stories

Here is a funny thing about major newspapers. It’s really about all MSM, but it is most apparent in newspapers where it is easy to flip around and quickly peruse numerous stories.

All of the MSM are known for having particular slants, besides the general bias of a mainstream mentality and echo chamber. Yet in any given newspaper there isn’t necessarily a consistency of views, between sections of a newspaper or even between authors in the same section. I’ve read articles that directly contradicted another article from a week before, either offering different evidence or interpretation, as if the writers don’t even read the newspapers they write for.

I found an example in yesterday’s Wall Street Journal, from the same section A. I first read on page A11 the article “Why This Recovery Is So Lousy” by Phil Gramm and Michael Solon. They solely and entirely blame Obama with no mention of the previous administration or the Republican wins in 2010:

“In his capacity to implement his program, Mr. Obama stood as a colossus wth the fates on his side, the vast power of government at his disposal and no one—not Congress, the Supreme Court or the Federal Reserve—willing or able to deny his will. No resources were spared.”

(The comments section from the article, of course, makes for a more interesting read.)

Some pages back on A2, there is a less melodramatic article by Greg Ip, “Older Demographic Poses Double Whammy for Economy”. His piece is more narowly focused on a single set of data from a new research paper by Nicole Maestas, Kathleen Mullen, and David Powell. Ip describes the paper’s conclusion and implication:

“rapid retirement deprives companies of critical experience and knowledge, which undermines productivity across the entire economy. Demographics may thus be a critical factor in why the current economic expansion, which began as the first baby boomers qualified for Social Security, is the weakest on record.”

So which is the right explanation? Is it all Obama’s fault, taking the economy down single-handedly? Or should we blame the excessive number of old people selfishly retiring?

I don’t really care about scapegoating Obama or not. He is the president and obviously bears some responsibility. But there are obviously many factors involved, some unique to this period of history such as the long term consequences of a baby boom.

Anyway, the explanations themselves aren’t what interested me. It was just the oddity of two articles so close together with each seemingly oblivious to the view of the other. It amused me.

I sometimes have serious doubts that the purpose of the MSM is to inform the public. They are businesses, closer to the entertainment media than anything else, and so they need to make a profit. It’s the advertising that is the product and the stories are there to sell the product.

As such, each article tells a story, some slightly more substantial and others mere fluff. But it doesn’t matter if those stories present a consistent worldview or explain all of the available data. It’s like a buffet with many options. You take the story that fits your opinions and worldview while leaving the rest.

Meanwhile, the real money is being made by advertisers with proven records of influencing the buying habits of readers, although most readers think they are too savvy to be influenced, if they ever give it any thought. The articles are largely just distraction, not entirely unlike watching a mindless sitcom.

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