If you are unfortunate enough to follow the media or be within earshot of CNN, you know that they added the Moody’s downgrade to their portfolio of economic doom and gloom stories. Interestingly, the media had very little interest in the previous downgrade by Fitch in 2023.

The Biden administration protested and blamed Fitch (much like the Obama administration had) and Yellen began claiming that the downgrade had really happened under Trump, but what was most striking is how little interest the media had in the story.

While the first downgrade by S&P under Obama had been widely covered, the Fitch downgrade went by so fast that unless you were in finance you may have never heard about it. That’s in stark contrast to the coverage for the Moody’s downgrade. (And there’s far more justice in assigning the downgrade to Biden than there was in Yellen pretending that a downgrade in 2023 was really Trump’s fault.)

But the rule of postmodern journalism is that bad news involving Republicans and other political enemies must be covered as widely as possible while news involving Democrats has to be covered up.