The pundit class in American media has long been deservedly regarded with disdain.
They are, as a group, an arrogant collection know-nothings who, via intense self-delusion, think they know it all. I addressed this sorry situation four years ago when I labeled them The PEP Squad: Perpetually Erroneous Pundits.
The gist of that essay was to point out that once you become a member of the fraternity it doesn’t matter how much you get wrong, you will still be invited back to deliver more of your bad advice.
Now there is evidence from an academic study of contemporary punditry that shows that the accuracy of most pundits is no better than 50/50.
So if you can flip a coin you’re as smart as the average pundit.
The most interesting conclusion of the report is the confirmation that liberals are accurate more often than conservatives.
That may be the result of the inherent slant of factual information that was first identified by fake pundit Stephen Colbert who noted that “reality has a well-known liberal bias.”
The top performer in the study is Paul Krugman of the New York Times. The worst performer is uber-pundit George Will.
http://www.alternet.org/newsandviews/article/584060/new_report_shows_right-wing_pundits_mostly_wrong
