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5 Big Stories The Media Will 'Discover' After The Election
Investor's Business Daily ^
11/06/2012
IBD Staff
On issue after issue, in fact, the media haven't covered Obama as much as they've covered up for him, whether it's the dismal state of the economy, the failure of his policies or the increased troubles abroad.
The effort worked remarkably well, helping to shield Obama from responsibility, protecting his image and providing a solid floor under his approval ratings.
But ... the fact remains that the country faces huge problems that must be addressed. And after the election, the press is sure to churn out what can charitably be called "now they tell us" stories about these matters, once any potential election impact has passed. The economy really does stink. The press studiously ignored the ongoing economic catastrophe under Obama, while parading any "green shoot" they could find that suggested growth was around the corner.
Don't be surprised if, after the election, they start to notice that three years of subpar growth have left the middle class further behind and more mired in poverty, and created a vast pool of long-term unemployed.
Massive debt and entitlement crises loom. Despite four straight years of $1 trillion-plus deficits and a national debt that now exceeds total GDP, the media largely treated the debt crisis with a collective yawn.
Ditto the looming bankruptcy of Medicare and Social Security. These crises are nevertheless real and will have to be dealt with soon, a fact the press will almost certainly acknowledge after Nov. 6.
The debt ceiling limit is fast approaching. Another story that went largely unremarked this campaign is the fact that the country is approaching the new debt ceiling limit. The Treasury Dept. warned last week that it expects the government to reach its borrowing limit before the end of the year.
Congress and the White House will have to deal with that just as they're trying to avoid the fiscal cliff.
ObamaCare isn't what it was cracked up to be. After two years of ignoring health reform's fundamental flaws, the press will likely admit that ObamaCare is fundamentally flawed.
Reports are sure to appear pointing out the law's lack of cost controls, its adverse impact on doctors and hospitals, and the fact that, after spending $1.76 trillion, it will still leave 30 million uninsured.
Obama's deficit-cutting plan won't work. The press let the president get away with one of the biggest whoppers yet that his tax hikes on "the rich" would be enough to pay for his spending binge and bring down the deficit $4 trillion.
Obama's own budget proved this wasn't the case. And after the election, you can bet the media will be "shocked" to find that his numbers didn't add up.
Questions about Benghazi still demand answers. After almost two full months spent burying the Benghazi story, expect the mainstream press to wake up and notice that, as the Washington Post admitted in an editorial last Friday, "a host of unanswered questions" remains.
(Excerpt)
Read More At IBD:
5 Big Stories The Media Will Suddenly 'Discover' After The Election - Investors.com