FORMER GE CEO: ECONOMIC RECOVERY IGNORED BECAUSE OF DEMOCRATS, MEDIA

Taking a break from Harvard Business Review staff-diddling, he writes in today's WSJ:

"Guess what? There is an economic recovery under way, but you never would have known it last week when earnings reports came out. Even though many companies from battered sectors - including some companies left for dead just two or three years ago - recorded positive results, their successes were almost universally reported with the word 'BUT' prominently featured... The fact is, a recovery will be a lot harder if we keep saying 'but' about damn good news.

"[In the bubble] many people in the media had hyped companies that flamed out because they were based on unrealistic business models or turned out to be rotten to the core. They felt burned too. Today, when the media reports good news, it feels safer to stick "but" in every sentence.

"And frankly, what would be worse for the Democrats right now than an economic recovery? That's an awful big battle to lose as the election approaches."