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The media has failed us

By STEVEN BULWA
January 2, 2011

Financial media is not helping us become better informed or better investors. These outlets devote too much of their airtime to forwarding partisan propaganda rather than informing or entertaining us. The numbers suggest media is actually misinforming us and turning us into bad investors.

The findings of a recent study, Misinformation and the 2010 Election from the University of Maryland‘s World Public Opinion, show that 9 in 10 voters in the 2010 election believe they encountered information that was misleading or false, with 56% saying this occurred frequently. The study also concludes that those who watched Fox News almost daily were significantly more likely than those who never watched it to believe misinformation.

The bad news for Fox News viewers is that merely watching the channel appears to be toxic. Most voters believed a few whoppers during the 2010 election cycle. But daily watchers of FOX News believed more misinformation than everyone else.

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7 Responses to The media has failed us

  1. logtroll

    January 2, 2011 at 8:35 pm

    How could this be true? It is common knowledge that Fox News uses the Scientific Method in all of its journalism. Fair and Balanced, you know.

  2. b mcclellan

    January 2, 2011 at 9:51 pm

    Dull knives hew crooked paths en route to our nations vitals.
    Octaves of rain drops, sharpen the leaves listening.
    Ne’er America will fall as dew over stumps whence bark hides recent reality.

    Hone your conviction with the Constitution. Hack..

  3. woody188

    January 3, 2011 at 11:08 pm

    I counted some 38 times Fox News declared we found WMD the first month after we invaded Iraq. I counted no retractions.

    If you want real news, don’t watch the infotainment crap-tacular on cable and satellite. Unless you want to know more about Miley Cyrus’s underwear and less about current events.

  4. Almandine

    January 4, 2011 at 12:13 pm

    Well, I wouldn’t watch the MSM for “news” since it’s usually about 2 days behind what I find on the net.

    • Cpt Kirk

      January 5, 2011 at 6:26 pm

      I would rather have news a day or two later from the MSM because it has usually been researched and vetted. Most of what I read on the net is opinion and much of the time it puts forward that opinion as fact. It takes a lot of research to find the truth and an open mind to accept facts that do not agree with your beliefs.

      • woody188

        January 6, 2011 at 2:53 pm

        I’ve often found it’s not what the MSM tells you, but what they leave out or never mention at all that really matters.

  5. eve

    January 6, 2011 at 12:48 am

    Were they paid to come to the conclusions they presented us with?
    If so, “failed” isn’t the best choice of verb.