In 2000, George Bush's Democrat opponents and critics said he was "talking down the economy."

I wonder what the LA Times stand was on it back then.

Uhmmm, Mr. Zell where were you the last 7 years?  I take it you left the editors of your papers to their own devices in spinning the story line?  So what are you prepared to do to make good on this?  What act of contrition are you prepared to make?  How about by first setting the example by reigning in on the editiors of your own papers?  If you, the owner, can't control the direction of your editors by insisting on a neutral reporting of the events, then what good is your hand wringing?  Your self absolution is not good enough, repentance involves actually doing things differently.  I see the lips moving but no actions.

 Lord Sidious / Darth Vader 2008  Long Live the Empire!  Come to the Dark Side, it is your Destiny.

The Bush economy withstood the attack of the enemies of America (democrats and in a small part AQ) for 7 years. Now it is bowing under the constant doom and gloom from the democrats and the democrat controlled Lame Stream Media. People have to be blind or incredibly stupid not to see what is going on. HUSSEIN Obama and Shrillary would kill your children and eat them for a vote.

Old, Retired and glad of it.

"The reality is that if you live on Wall Street and you're in the credit markets the world couldn't be worse."

Why is Wall Street in such a credit crunch?  Collectively, America's marginal propensity to spend far exceeds its marginal propensity to save.  Democrats lay blame solely with "predatory" lenders without seeking any accountability on the part of consumers who spent far more than they earned.  No one forced consumers to sign up for every zero percent credit offer or to repeatedly tap the equity in their homes. 

Most importantly, the media fails to report that businesses always have cycles of expansion and contraction.  The media and democrats always need victims (and there are some) and to lay blame on others.  We hear that our schools fail to educate on personal finance.  How many homeowners buy homes with mortgages and do not understand that the bank takes the house if the owner does not make payments?   In each case where the media and democrats find victims, they find a need for more government and more taxes.  "If we weren't handing tax cuts to the "rich," we could have those programs."  Funny isn't it that despite having MORE revenue, government still lacked the funds for all these "programs?"  Funny isn't it that despite a 40% increase in spending on education in the past seven years, no money is available for all this new cirriculum like personal finance? 

Even though Zell owns the Chicago Tribune, The Los Angeles Times, and Newsday the bias is so strong in favor of Democrats that the Chicago paper only spoke his comments on the housing market and left out the blame of an economic downturn on Obama and Clinton (http://www.chicagotribune.com/business/chi-biz-sam-zell-housing-crisis-feb26,0,675270.story).

In the Los Angeles Times  and Newsday there was no mention of their owner's press conference and statements at all.

I wonder how long it will be before certain editors have to find other jobs?

OK, I've been looking out the window off and on all day. Where are those flying pigs? I mean, the LA Times owner...??? Who'd of thunk it? Must be the end of the universe or something.