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FROM THE FAIR AND BALANCE FILES.....

Posted by on May. 25, 2012 at 8:59 AM
  • 25 Replies

Networks Target Romney’s Wealth 13 Times More Than Richer Sen. Kerry

2004 Democratic candidate married to Heinz heiress, far wealthier than his 2012 counterpart.
 
The nomination is several weeks away, but the party has its“inevitable” candidate. With hundreds of millions of dollars at his disposal, opponents raise concerns about whether that vast wealth had completely disconnected him from the reality that most Americans face every day.

The year was 2004 and the candidate Sen. John Kerry. But the major networks gave Kerry’s great wealth nowhere near the attention that they have given to Gov. Mitt Romney’s millions in 2012.

From January to April 2004, the ABC and CBS evening news shows only mentioned Kerry’s wealth once each. And NBC didn’t mention Kerry’s finances or his wife’s wealth at all. Those same three networks have discussed Romney’s wealth a total of 27 times during the same time period in 2012. That’s more than 13 times more than the coverage given Kerry’s wealth (27 stories to 2 stories).

In 2012, NBC News anchor Brian Williams described Mitt Romney’s wealth as “unimaginable,” the product of “vast investments after a successful career in business, much of it spent buying and selling companies,”during the Jan. 24, edition of “Nightly News.” In the first four months of 2004, NBC didn’t even note Kerry’s far more substantial wealth.

According to Forbes estimates from 2004, Kerry himself was worth about $240 million. Teresa Heinz Kerry, his wife, was heir to the Heinz empire and worth anywhere from $500 million to $1 billion more. Romney’s estimated net worth is $250 million – or one third to one-fifth the wealth Kerry and his wife had at the time.

Kerry’s GOP critics raised the issue during that time period, but the networks didn’t bite. Ed Gillespie, the chairman of the Republican Party, argued that Teresa Heinz Kerry’s personal wealth was relevant to the campaign, according to a April 25, 2004, New York Times article, entitled “Privacy of Wife’s Fortune Casts a Shadow Over Kerry.” The article pointed out that “Mr. Kerry borrowed $6 million against the equity in a Boston town house they jointly own to keep his campaign afloat earlier in the year” and “Mrs. Heinz Kerry has said that she will dip into her personal fortune if she and her husband deem it necessary.”

Though even The New York Times considered the issue newsworthy, the broadcast networks did not. CBS correspondent John Dickerson admitted on the Jan. 17, 2012, edition of CBS Evening News that the tactic of using Romney’s wealth to make it look like he does not understand the plight of ordinary Americans was “a version of the attack that Republicans used against John Kerry in 2004.” The most notable difference there, however, was that the Republicans did not have the three major networks reporting their arguments.

ABC, CBS and NBC have echoed the Obama administration’s portrayal of Romney as “wealthy.” An ABC “World News with Diane Sawyer” report from Feb. 1, 2012, labeled Romney as a “wealthy businessman out of touch” with the needs of the common man.

The stories on Romney have covered everything from the push for him to reveal his income tax returns to discussion of his wife’s two Cadillacs. But the Kerrys’ wealth was also enormous. A March 22, 2005, USA Today article detailed a vacation the Kerrys took on Heinz-Kerry’s private jet to a ski resort where her late husband had a private cabin. (Her private jet, “The Flying Squirrel” was apparently named for a ski trail there). That story wasn’t covered on ABC, CBS or NBC.

by on May. 25, 2012 at 8:59 AM
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Replies (1-10):
pvtjokerus
by Gold Member on May. 25, 2012 at 8:59 AM
2 moms liked this

This is why we have so many misinformed people out there..........

matreshka
by Gold Member on May. 25, 2012 at 9:02 AM
1 mom liked this

This shows a greater problem of you have to be filthy rich or have filthy rich connections to even be a viable presidential candidate.

pvtjokerus
by Gold Member on May. 25, 2012 at 9:09 AM

That is true but it is bad that the liberal press is as biased and liberal as it is.  No one wonder we have so many people misinformed and ignorant of the facts.

Quoting matreshka:

This shows a greater problem of you have to be filthy rich or have filthy rich connections to even be a viable presidential candidate.


matreshka
by Gold Member on May. 25, 2012 at 9:16 AM

I'm sorry but I do not see liberal bias in the press. I am not a liberal, I am far left of that actually and I don't understand all these claims of liberal bias when there is so much information that shows the bad side of the Obama administration and the current state of affairs of America and the world.

Quoting pvtjokerus:

That is true but it is bad that the liberal press is as biased and liberal as it is.  No one wonder we have so many people misinformed and ignorant of the facts.

Quoting matreshka:

This shows a greater problem of you have to be filthy rich or have filthy rich connections to even be a viable presidential candidate.



Raintree
by Gold Member on May. 25, 2012 at 9:23 AM

balanced.

JakeandEmmasMom
by Gold Member on May. 25, 2012 at 9:26 AM
3 moms liked this

 The networks didn't bite with Senator Kerry's wealth because it was a better economy then.  It isn't so much that the media has a liberal bias as that they are in the job of promoting and sensationalizing conflict.  So, even though Kerry was by far richer, the economy was better in 2004 than it is now.  So people didn't care as much about the wealth gap between the candidates and the average American.  As the average American is feeling the pinch in her wallet, the candidates' wealth -- and his ability to relate to the financial struggles of average people -- becomes more of an issue.

nanaofsix531
by Platinum Member on May. 25, 2012 at 11:41 AM

The year was 2004 why was Bush W's wealth not talked about?Kerry,Bush fair is fair.

pvtjokerus
by Gold Member on May. 26, 2012 at 9:24 AM

You don't have to see it.  There are multiple reports/analyst that show that the media is very slanted towards the left/Obama movement and against conservatives.  Reporting in the U.S. is no longer non-biased.

Quoting matreshka:

I'm sorry but I do not see liberal bias in the press. I am not a liberal, I am far left of that actually and I don't understand all these claims of liberal bias when there is so much information that shows the bad side of the Obama administration and the current state of affairs of America and the world.

Quoting pvtjokerus:

That is true but it is bad that the liberal press is as biased and liberal as it is.  No one wonder we have so many people misinformed and ignorant of the facts.

Quoting matreshka:

This shows a greater problem of you have to be filthy rich or have filthy rich connections to even be a viable presidential candidate.

 



jaxTheMomm
by Gold Member on May. 26, 2012 at 9:27 AM

I was going to say much the same - we weren't trying to recover from a recession, and I believe there were no super pacs then, either.

Quoting JakeandEmmasMom:

 The networks didn't bite with Senator Kerry's wealth because it was a better economy then.  It isn't so much that the media has a liberal bias as that they are in the job of promoting and sensationalizing conflict.  So, even though Kerry was by far richer, the economy was better in 2004 than it is now.  So people didn't care as much about the wealth gap between the candidates and the average American.  As the average American is feeling the pinch in her wallet, the candidates' wealth -- and his ability to relate to the financial struggles of average people -- becomes more of an issue.


imamomzilla
by on May. 26, 2012 at 10:12 AM
2 moms liked this

Yea. And it should be noted that Romney EARNED his....Kerry just married it (if memory serves). ;-)

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