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4-7-2008 2:25 PM323 views
n2sooners says:
Every broadcast, it seems, warned about something involving the economy — jobs, growth, housing, outsourcing, retail sales. You name it, the media covered it. And their reporting was often wrong.

Take gas prices, a topic near and dear to our wallets these days. This spring, that gasoline could get close to $4.

But for years the networks have warned that gas prices would go that high and more.

At least 20 times from 2005 to 2007, the networks cautioned about prices hitting $5, and another six times for $6 or higher.
Sometimes journalists gave up promoting cataclysm and decided to cheerlead for it. In a Feb. 20, 2008, column, the Washington Post's Steven Pearlstein attacked Wall Street, saying "the best thing that could happen to our economy is for a dozen high-profile hedge funds to collapse; for investment banking to enter a long, deep freeze; for a major bank to fail."
1 Comment   | Add a Comment
4-8-2008 6:05 PM
Fucc Copyrights
It's smart of the major businesses to offer a product and get millions of people to fall for their scam and then when the people want their money they are mysteriously broke and now the government(which is funded by people and drugs) bails the company out with tax-payer money. In the end the common-man gets screwed. History usually repeats itself.
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