Wednesday, November 08, 2006

Spin in Action

It's rare that one gets to see media spin in action, but here is how the AP changed their story on the reaction of the stock market to the Democratic victory yesterday:
AP Changes its Story
The red text is how the paragraph initially read, and the green text is what it changed to as the market rebounded.

Maybe how it should really read is "the market is undergoing normal daily fluctuations, and we are desperately trying to attach political significance to it!" They are also choosing to ignore that fact that in the last 70 or so years, the market has done better under Democratic rule than Republican. But the conventional wisdom says Democrats are bad for business, so it must be so!

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