Saturday, May 02, 2009

What Bias? AP Downplays Buffett Meeting

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Two headlines from the same Warren Buffett meeting. First Bloomberg:

Buffett Says He Sees ‘No Signs’ of Recovery in Housing, Retail

Now AP:

Buffett says government is doing the right things
Note the difference? Plus, the AP cuts short the Buffett quote to portray Buffett as completely supportive. Here's how the AP quoted it:

"Overall, I commend the actions that were taken," Buffett said. But he said no one should expect perfection because the economy experienced a "financial hurricane."
Here's how Bloomberg quoted him:

Buffett, in his most recent letter to shareholders in February, said he supported the U.S. government actions, while predicting bailouts will cause “unwelcome aftereffects” including inflation.
AP does not even include the portion about "aftereffects" or inflation but essentially plays it as a straight endorsement of Obama when that's most definitely not what it was.

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