Monday, April 19, 2010

When did BusinessWeek Gobama?


The past 2 issues of BusinessWeek have struck me as different. First, there was the April 5 issue that featured an article on the cost effectiveness of Obama's health care reform. That caught my attention, so I put it aside to read when I had time. Then, the cover of the April 19 issue suggested that Obama is scoring big with his current economic strategy. Again, I set it aside with the April 5 issue to read. Finally, today I the cover of the April 25 BusinessWeek piqued my interest enough to open the front cover and read the letter to its readers.

It was a very well written letter - informing the readers that Bloomberg LP had purchased BusinessWeek and now it would be Bloomberg BusinessWeek magazine. I do indeed like some of the changes that have been made. The publication seems more streamlined, accessible, and well organized. However, I started to wonder if there was a connection between the addition of Bloomberg and the shift in bias.

After reading those articles in the prior issues, it became apparent that someone at BusinessWeek has a pretty big crush on President Obama. Both articles gave him the benefit of the doubt and barely pointed out what naysayers are accusing his legislation of.

There was an editorial in this week's (April 25) issue that I resonated with. It was from Mike Buck in Carrollton, Texas. Buck, who holds a masters in business, says that to credit "the market's temporary uptick to Obama's policies is asinine." I agree. Mike Doring, the author of the pro-Obama article in the April 19 issues, points to the markets to testify to Obama's success. However, as Buck points out, the markets are about temporary gain, not lasting change.

I would love to see President Obama succeed. That would mean a success for the American people, right? However, I don't want that success to be at Anastasia's expense. (And, if Buck is correct and this Administration is on par to double the debt of all previous Administrations, that expense will be large.)

So, when did BusinessWeek gObama? Well, I don't know much about this Bloomberg fellow, but my hunch tells me it's him that has the man-crush on our 44th president.

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