The Good, the Bad & the Ugly
Your teacher today is…; the trouble with
Lou Dobbs; and the way to save people from malaria.
Nov. 2, 2005
Â Â Â Â ABC
financial contributor Mellody Hobson showed Charles Gibson it’s
never too late to learn when she delivered a powerful free market
lecture on oil prices this week. Over at CNN, Christine Romans and
the other Dobbs Lou-natics painted a skewed picture of America. It
wasn’t modern art, but it sure wasn’t realism. Throwing money at a
problem can work and ABC commended the Gates Foundation for trying
to solve the African malaria crisis. What it didn’t do is discuss an
existing solution that the left won’t tolerate.
Â Â Â Â When reporters are good, sometimes they are very good.
Take financial contributor Mellody Hobson of ABC’s “Good Morning
America.” Hobson schooled GMA’s Charles Gibson about oil and the
free market so effectively, he was left stunned by her performance.
(See video) Gibson asked her about whether oil companies
were “taking advantage of the recent hurricanes. Is the outrage
Hobson left no room for doubt.
“It actually is not warranted, and the reason is the oil companies
have nothing to do with how gas prices are set.” She added, since
Gibson looked befuddled: “And more specifically what I mean by that
is that those prices are set by market forces.” That Mellody is
music to our ears.
Â Â Â Â Boy, we got trouble – right here … in the United
States. At least that’s what the staff at “Lou Dobbs Tonight”
would have us all believe. According to Christine Romans, “there
are fundamental problems in this country that are eating away the
foundations of America and the numbers don't lie.” While those
numbers don’t lie, CNN sure managed to twist them a lot and deliver
a skewed report of America – a nation in far less trouble than CNN
would have us believe.
Â Â Â Â ABC’s “World News Tonight” did a nice piece on the
Gates Foundation, lionizing the much-maligned Microsoft icon for his
work against African malaria. The problem with the piece wasn’t what
the report included;
it was what it left out – DDT. DDT remains the most effective
way to limit the spread of malaria in Africa, but it also remains a
victim of left-wing environmentalist propaganda. ABC should have
addressed the most effective way to save millions of African lives.
Instead, by excluding an obvious solution, the network bought the
propaganda hook, line and sinker while people in Africa are dying.
The Good, the Bad and the Ugly tracks the best and worst media
coverage of business and economics. Readers are invited to submit
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