At the top of Wednesday’s CBS Early Show, co-host Harry Smith cast doubt on talk show host and major Obama supporter, Oprah Winfrey: "And call it the ‘Oprah Effect.’ She speaks, people listen. But is her show actually leading her audience astray?" Oddly, no mention was made of Winfrey’s very public endorsement Barack Obama in the 2008 campaign.

Later, co-host Julie Chen also teased the upcoming segment with similar declarations: "Still ahead in this half hour, it is no secret that Oprah is a great sales person, but just because she's selling, the question is should you be buying?...Well up next, the Oprah Winfrey seal of approval. Is it all that it's cracked up to be? We're going to look at the pros and the cons of Oprah's power." During the latter tease from Chen and briefly in the report that followed, footage of Oprah speaking at an Obama rally was shown, but not discussed.

The report, by correspondent Michelle Miller, featured Syracuse University pop culture professor Robert Thompson, who explained: "She has managed to put the Oprah seal of approval, which is a really powerful seal of approval, on some things that I think most people would call real crackpot ideas." Miller cited Newsweek magazine’s reporting on the topic and quoted senior editor Weston Kosova: "Some of the advice she gives on the show, especially with regard to health matters and medicine, is not good advice. Sometimes the advice that guests give on the show could actually hurt you."

On the heels of President Barack Obama's weekend radio address, where he lobbied for so-called credit card reform, "CBS Evening News" chimed in calling the legislation "help" for small business borrowers.

"Evening News" anchor Russ Mitchell referred to Obama's address about the need for new credit card regulation on May 10 and backed up Obama's claim with data from the Center for Responsible Lending, an activist organization that calls for more stringent regulation of all lenders.

"President Obama called, this weekend, for passage of his credit card consumer protection bill by the end of the month," Mitchell said. "According to a recent survey, four out of five Americans are paying lots more since December. The Center for Responsible lending found that an estimated 10 million users were hit by rate increases of at least 10 percent. And, it's not just consumers who are paying the price - nearly half of all small business owners have seen interest rates higher than 15 percent during the past four months."

This could be perhaps the most bizarre application of James Carville's worn out expression, "It's the economy stupid." "CBS Evening News" linked the economy to the famed pregnancy pact that has received national attention.

The June 19 broadcast of "Evening News" faulted the ailing economy for 17 Massachusetts high school students agreeing to get pregnant intentionally around the same time so they could raise children together.

According to Gloucester Public Schools Superintendent Christopher Farmer, the girls did it to gain status. CBS correspondent Michelle Miller took it a step further and made an economic connection.

"Status in Gloucester is hard to come by," Miller said. "The once-thriving fishing community has seen jobs drift overseas. Economic depression has left many teens trying to fill the void."

Tremendously exaggerating the number of Americans who lack access to health insurance, CBS on Wednesday night trumpeted the cause of an AFL-CIO member who denounced the United States for not providing health insurance coverage for his wife and endorsed the John Edwards plan for universal health care. Anchor Katie Couric previewed the upcoming story: “Presidential candidates hear a dramatic plea for help from one of the millions of Americans with no health insurance and no way to pay for it.” Setting up the tribute to the retiree, Couric asserted that “45 million Americans have no coverage. That includes more than 13 million between the ages of 19 and 29. Many of them don't get coverage from their jobs, and cannot afford to buy it on their own.” Of course, many can afford it and in that age range feel comfortable without insurance. In fact, 17 million of the uninsured earn more than $50,000. Removing those, plus people who are not U.S. citizens, leaves fewer than ten million chronically uninsured.

Reporter Michelle Miller began her CBS Evening News piece by championing how “every once in a while, a moment of truth breaks through a political campaign event. That happened last night when a 60-year-old retired steel worker from Union Township, Indiana, asked a question.” Viewers then saw a clip of Steve Skvara from the AFL-CIO debate shown Tuesday night on MSNBC: “Every day of my life, I sit at the kitchen table across from the woman who devoted 36 years of her life to my family, and I can't afford to pay for her health care. What's wrong with America? And what will you do to change it?” Miller explained that “Skvara says he got the answer he was looking for from his favorite candidate, John Edwards,” who proclaimed: “And we ought to have universal health care in this country!” Skvara agreed: “We need a national health care plan.” Miller wondered: “Now the question is whether a moment in a debate will be the moment that motivates reform.”