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“Exposing & Combating Liberal Media Bias”
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John WaggonerUSA Today: This 'Economic Crisis' Has Nothing on the Great Depression
"Failed banks. Panicked markets. Rising unemployment. For students of history, or people of a certain age, it all has an all-too-familiar ring. Is this another Great Depression? Not yet," John Waggoner wrote for USA Today Soup lines, Hoovervilles and other Depression-era imagery have become commonplace in the media. Journalists have compared the current downturn to the Great Depression hundreds of times. On the networks (ABC, NBC and CBS) alone, there were 70 comparisons in the first six months of 2008. Since July 1 that number more than doubled to 157. But as Waggoner pointed out - the similarities aren't even close. ABC Ignores How Biofuel Mandate Contributes to Inflation
The eco-love affair Washington has with biofuels is starting to take a toll on the fragile U.S. economy. It's a shame no one in the media have that connection. "World News with Charles Gibson" explained on February 20 that biofuels are driving up food prices, which is driving up inflation. The Consumer Price Index (CPI), a key inflation reading, rose 0.4 percent in January according to the Labor Department, matching December's rise. "Blame it on the price of wheat," said ABC correspondent Sharon Alfonsi. "Demand for alternative energy has farmers planting less wheat and more corn - the key ingredient of ethanol. Add the growing appetite for wheat from developing countries and the supply is strained. |
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