Saturday, November 22, 2008

WSJ misleading headline of the hour

The WSJ has a short piece out on probable Obama Treasury Secretary Tim Geithner and the headline is extremely misleading. The headline is "Longtime Crisis Manager Pleases Wall Street, Mystifies Some Democrats".

The problem is that the article only quotes one person who questions the pick and that person, Andy Stern, is uninformed, as mentioned in the very next paragraph.
But Andy Stern, president of the Service Employees International Union, said recently: "I always worry about somebody who has spent his whole life at the Federal Reserve....I just don't know him."

Mr. Stern was exaggerating. Mr. Geithner, currently president of the New York Federal Reserve Bank, has been with the Fed just five years. Unlike most of his predecessors, he has little private-sector or political experience.

With the incoming administration being Democratic, I am expecting an increase in misleading headlines and editorials in the WSJ.