More on the “media correction”

Sometimes it happens that the punditocrisy over-indulges on spin. In doing so it loses perspective and with it a certain amount of credibility. It’s easy to do so. Spin is often made to be more interesting than the real story.

When investment advisors and the market pundits on TV oversell a particular stock or fund only to have it bottom out on them the next week they call it “a correction”.

Siminarly, there is something of a “media correction” occurring right now, as pundits and columnists are being reminded – by each other – that they collectively over-bought and over-sold the Liberal party’s spin on the NDP of late. Columnist Ralph Surette makes such a case in the Halifax Herald ...

"The scorn heaped on Layton’s head, mainly by national media pundits, especially those on those TV talk panels, has been gleefully relentless. According to the narrative, Layton, the sanctimonious pinko and prototype of his ilk who was always berating the Liberals for propping up the Tories, is exposed as a hypocrite at last. The guy who piously preached making minority government work but two-facedly voted relentlessly against the Tories, is now back to co-operating because he’s freaked by the prospects of losing seats in an election. How juicy. But second thoughts have kicked in about the worth of Layton and his works, showing that maybe even the media are marginally redeemable. There’s the obvious, of course: that Layton spared the country an election it doesn’t want, and that there will be some improvements to EI."