Charles G

Two weeks after ABC championed how the “stimulus” would enable mayors to create many jobs, World News on Wednesday night trumpeted how “the government is now ready to start writing the checks to get people working again in states and cities across the land.” Reporter David Muir touted how “with hundreds of millions of dollars in the pipeline from Washington, contractors are hiring now” and so “in the quiet college town of North Manchester, Indiana, 26 people are expected to be hired to build a water treatment plant. Economists say 26 people in a small town of 6,400 can have a huge impact.” Muir's one and only expert, economist Stephen Leeb, then saw a beneficial ripple effect: 

It's not just 26 people. It's 26 people that are getting more money. Those people are spending money at, say, the corner store, the corner drugstore, maybe buying an extra shirt for their kids; and the people that are receiving that money, in the stores, are also going to spend their money. So you have this kind of ripple effect that can spill all the way through the town.

At the top of the newscast, anchor Charles Gibson, unlike CBS's Katie Couric and NBC's Brian Williams, credited President Obama's home mortgage bailout plan with causing a stock market up tick, citing a “ray of hope: The government outlines how it will help nine million homeowners avoid foreclosure. And the stock market responds positively.”