Fixing Overheated Housing Market with Half-Baked Bailout Plan
Its the housing crisis; its the subprime crisis. But its also a reporting crisis. Average home prices are actually up 80 percent over the last seven years. But listening to journalists, it sounds like every house in America is worthless. The media have been quick to promote a government-backed rescue for mortgage holders who can no longer make payments.
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G: U.S. GDP revised up from 3.9 percent to 4.9 percent for third quarter
B: Media warn of $100/barrel oil still hasnt happened
U: CBS seeking 'irreverent,' 'hip' journalist for eco-beat (no knowledge required)