Business journalists inject their opinions into Obama’s plan
President Obama announced the creation of Deficit Reduction Commission Thursday, a controversial move that had the media expressing their skeptical opinions in articles and broadcasts nationwide.
As business journalists have seen in the last year, the economy affects everyone. But it is still the responsibility of the reporter to keep neutral ground on the stories they’re covering – a commitment that proved to be challenging in the coverage of this breaking news.
On Fox Business News John Stossel applauded the creation of the commission but much like commentator Tess Stovall, he questioned
whether it would help.
“Everyone needs to put everything on the table and work together to find solutions,” said Stovall.
Obama announced Thursday that he had appointed Democrat Erskine Bowles and Republican Alan Simpson as co-chairs of the bipartisan commission.
The Wall Street Journal said Simpson is known for being a left-wing republican friendly to tax increases.
“This is looking with each passing day like a political ploy to make a tax increase seem imperative and unavoidable. If that’s what Mr. Obama wants, that’s what he’s likely to get with Alan Simpson helping to run the show,” wrote Stephen Moore of the Wall Street Journal.
Fox Business News questioned whether the Deficit Reduction Commission will recommend tax increases, while Larry Kudlow of CNBC’s Kudlow Report expressed strong personal opposition to the commission when he said, “This thing needs to be blown up. It’s an excuse to raise taxes when we need to be cutting tax rates.”
