I wake up this morning this Sunday morning. I grab my paper and my breakfast and turn on the TV, which is still on the “All Barack Channel” from last nights football game.
A group of people were discussing how great the spending on “Black Friday” was due to the appointment of Tim Geithner as Treasury Secretary.
The Dow is up 17% since the blessed appointment was announced!
Geithner is our Savior!
All hail the wisdom of our exalted Present-Elect on his selection.
I promptly changed the channel.
I know the main stream media loves simple superficial cause and effect analysis that supports their political leanings. They love to say, “well, these two things happened around the same time, so they must be related.” And then leave it at that.
Of course, if you say the Dow dropped over 20% after Barack Obama’s election, well that can’t be related. I would have to agree with them on that, but for different reasons.
All good is because of Obama, all bad is because of Bush. This headline could uniformly be applied to almost any story published by the Associated Press. Investigative reporting has seemingly perished in our society.
But back to “Black Friday”
What would happen if these people did some real reporting. They actually went out to figure out why the things that are happening are happening.
They have one fact, people were spending more than expected.
The natural question to ask would be “Why?”
The natural assumption would not be “Because the appointment of non-elected government bureaucrat yet to take office has been announced.”
What would happen if the reporters went out to the malls and the big-box retailers and asked the people there why they were shopping?
What response would they most likely get is they asked the question, “Are you here shopping because the appointment of Tim Geithner?”
I have to make an assumption here, but I would be willing to put money down saying 90% of the people would respond with “Who the (explicative) is Tim Geithner?” and that would probably be followed by a “Get the (explicative) out my way, you’re blocking the good deals!”