The Economy, the Media and Deceptive Sob Story Headlines

When it comes to reporting on the U.S. economy,  never let it be said that the media allows facts to get in the way of a good sob story.  So it was today in yet another report in the New York Times.  The Times has been running a series called  “The Debt Trap” about ”the surge in consumer debt and the lenders who made it possible.”   Right away from the subtitle we see that the Times is blaming the “debt trap” on the lenders, not the borrowers. Read more