Media Pit 'Main Street' Against Wall Street

Theme emphasizes a divide between rich and poor, evokes John Edwards's 'two Americas.'

Schumer Has Praise for Paulson's Regulatory Restructuring Plan

Democratic New York senator tells CNBC's Erin Burnett that Paulson's plan is 'a good foundation.'

NYT Weeps as High-Ticket Items Become Unaffordable in Slowdown

Front-page article spins slowing luxury item sales as 'housing-related' hardship hitting 'Main Street.'

Crude Coverage

Media ignore OPECs control of oil market when covering Americas pain at the pump.

CBS Reporter Suggests a 'Bailout' for Housing Crisis

'Early Show's' Maggie Rodriguez proposes a 'cram session' to Treasury Secretary to figure out a Bear Stearns-like bailout for 'agencies involved.'

'World News' Claims 'Free Market Didn't Work' in Bear Stearns Collapse

ABC correspondent Terry Moran ignores lost jobs and money lost by shareholders in assessment the free market didn't work, 'government did.'

Oops - CNBC's Cramer Said 'Don't Move' From Bear a Week Before Collapse

'Mad Money' host drastically underestimated the investment bank's trouble surrounding the mortgage crisis.

ABC Ignores Taxes Behind High California Gas Prices

'World News' segment about economic hardship due to higher gas prices in California fails to explain why that state's prices were higher to begin with.

'Today' Sends Mixed Signals on Markets

NBC co-host makes Great Depression comparison while CNBC contributors caution against panic.

CBS Guest: Taxpayer-Funded Bailout Needed So Taxes Can Be Collected Later

Economist Mark Zandi tells 'The Early Show' things bound to get worse, but has a backwards solution.
Syndicate content