Are the US news channel right in this regard?

Question

http://money.cnn.com/2008/07/31/news/economy/gdp/index.htm?postversion=2008073108

Answer 1

They are not "right" in that they blindly repeat whatever the Bureau of Labor Statistics tells them. If you notice the BLS revises their past numbers almost every quarter, and it is usually for the worse. The consolidation of our news organizations is one of the gravest threats to our freedoms. No one questions these reports any more, so the government gets a pass when they put lipstick on this pig we call the economy. Even Ben Benake has said that the CPI excluding Food and Fuel prices is misleading.

Answer 2

For once the news is not far from the truth. The stimulus checks put into circulation were used by most to pay down debt and that was not the intended idea behind them.

Answer 3

It's just a liberal media conspiracy to sabotage the legacy of our Greatest President Ever, our Hero, George W. Bush.   The worst part is, it emboldens our enemies, supporting the terrorists.  Therefore, we can only conclude that CNN, and their co-conspirators in the media, wants Osama Bin Laden to win and that they hate America.

Answer 4

They are naming a sewage treatment plant after George Bush for a reason. Just check the value of the US Dollar when he first took office and compare it to what it is now.