Reading the Headlines When the Left Wins

[marmar]

from FAIR:




Reading the Headlines When the Left Wins
06/07/2011 by Peter Hart

Two elections, different outcomes, different headlines at the Wall Street Journal (6/6/11).

When the left loses:

Portugal Decisively Ends Leftist Rule

Portugal on Sunday voted decisively to end six years of leftist rule, electing the country's main conservative party and boosting prospects for austerity measures tied to a $114 billion aid package from the EU and IMF.

But when the left wins:

Peru Votes in Divisive Runoff for President

Voters in one of the world's most dynamic economies went to the polls Sunday to choose between two divisive presidential candidates.

The latter piece included this: "Financial markets, which have been riding a roller coaster during the long campaign, would be almost certain to take a win by Mr. Humala badly, analysts say."

That analysis wasn't confined to Rupert Murdoch's Wall Street Journal. In today's Washington Post (6/7/11):

Peru's Path Is Question Mark as Nationalist Wins Presidential Race
Investors worry whether he will pursue leftist economic policies

And the Los Angeles Times (6/7/11):

Leftist's Victory Rattles Peruvian Stock Market
After his narrow win, Ollanta Humala seeks to reassure the business class, but his previous pledge to work for better distribution of the nation's silver and gold wealth sends the market down more than 12 percent.

Viewing elections through the eyes of the investor class might be helpful for some, but it's doubtful that it's a great way to understand what the people in any country are thinking.


http://www.fair.org/blog/2011/06/07/reading-the-headlines-when-the-left-wins/

[gratuitous]

1. The only thing that matters is how the Big Money Boyz feel

If people are so bull-headed that they'll elect someone to look out for them instead of the overrich assholes who have them by the throat, the popular media will waste no time in letting the people know what a mistake they've made.