Dow Jones Hits 40,000 Under Biden, Media Silent

0 0
Read Time:2 Minute

The Dow Jones Industrial Average Reaches 40,000 Milestone

Historically significant achievements were reached recently as the Dow Jones Industrial Average surpassed the 40,000 mark during Joe Biden’s administration. Amid this remarkable milestone, noteworthy observations have been made regarding the response of major corporate media outlets, or rather the lack thereof.

Presidential Acknowledgment

President Biden expressed his enthusiasm over this development by noting, “This is great news for Americans’ retirement accounts and another sign of confidence in America’s economy. I’m building an economy from the middle out and bottom up – and our investments are making a difference.” This positive assessment signals a strong endorsement of the administration’s economic strategies. It is undoubtedly an achievement that merits recognition in prominent newspapers such as The New York Times and The Washington Post.

Media Oversight

Interestingly, the coverage of this significant economic event has been surprisingly sparse in some major media outlets. While the Wall Street Journal prominently featured the news on its front page, The New York Times and The Washington Post seemingly failed to provide the same level of attention. This inconsistency in reporting was highlighted by journalist Dan Froomkin, who contested the absence of coverage on their respective home pages.

Political Context

The significance of the Dow Jones Industrial Average reaching 40,000 is further amplified by the political narrative surrounding President Biden’s economic agenda. Critics of the administration, particularly from the Trump/GOP camp, have often cited concerns about the impact of Biden’s policies on the stock market. This milestone serves as a pivotal moment in debunking the notion that Biden’s economic initiatives are detrimental to market performance.

For years, former President Trump had taken credit for stock market gains, equating them with the overall health of the economy. This narrative was widely propagated by corporate media outlets, who echoed Trump’s assertions. In stark contrast, the current surge in the stock market under Biden’s leadership has not received the same level of coverage or acknowledgement.

Notably, The New York Times has extensively covered stories related to Trump’s media ventures and the perceived success of Trump Media stock. However, a notable disparity emerges when examining the coverage of Biden’s economic achievements. The apparent bias in media coverage towards Biden and Trump is exemplified in the disparity between the treatment of positive news under the two administrations.

Image/Photo credit: source url

About Post Author

Chris Jones

Hey there! 👋 I'm Chris, 34 yo from Toronto (CA), I'm a journalist with a PhD in journalism and mass communication. For 5 years, I worked for some local publications as an envoy and reporter. Today, I work as 'content publisher' for InformOverload. 📰🌐 Passionate about global news, I cover a wide range of topics including technology, business, healthcare, sports, finance, and more. If you want to know more or interact with me, visit my social channels, or send me a message.
Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %