Heather Cox Richardson - Deja Vu
I started following her substack a few months ago after others here began posting her “Letters from an American”. This one really resonates with me. Our media has the power and influence to shape our culture and economy, and they’ve been mucking it up for well over 100 years.
'The divorce between reality and people’s beliefs illuminates just how important media portrayals of events are.
In the landslide election of 1892, when voters elected Democrat Grover Cleveland to the White House for the third time (he won the popular vote in 1888 but lost in the electoral college) and put Democrats in charge of the House of Representatives and the Senate, Republicans insisted that the economy would collapse. The previous administration, that of Republican Benjamin Harrison, had openly and proudly worked for businessmen, and Republicans maintained that losing that administration would be a calamity. Democrats, the Republicans insisted, were really socialists and anarchists who wanted to destroy America.
As Republican newspapers predicted an impending collapse, fearful investors pulled out of the market. Although economic indicators were actually better in 1892 than they had been for years, as soon as Cleveland was elected, the nation seemed to be in terrible trouble. Money began to flow out of the stock market, and the outgoing Harrison administration refused to reassure investors. By February 1893 the stock market was paralyzed.'
Snip …
'Republicans promised voters that they would restore the health of the economy. The 1894 midterm elections reversed the landslide of 1892, giving Republicans 130 more seats in the House—a two-thirds majority—and a majority in the Senate. The economy had begun to recover before the election, and that uptick continued. The Democrats had plunged the country into a panic, the Chicago Tribune reported, but now “American manufacturers and merchants and business-men generally will draw a long breath of relief.”’
More at link ...
https://heathercoxrichardson.substack.com/p/may-15-2024
