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Hyperbole Much, Fellas?
By Ed Driscoll · June 10, 2008 12:19 PM · Capitalism, the Unknown Ideal · Oh, That Liberal Media!

Good Morning America's Chris Cuomo equates so-far non-existent recession with the Great Depression, sees rising suicides(!) on the horizon:

Elsewhere in the legacy media, Tom Brokaw talks David Letterman back from his own ledge:

DAVID LETTERMAN: Guys talking about the President really can't do anything about the economy. I don't know if that's true or not, but let's give them that one, let's just say “okay, the President can't do anything about the economy.” Everything else has gone so lousy in the last eight years. I mean – and I'm a guy who doesn't pay attention to much, as long as I got wresting and a TV dinner I'm fine – but even I am perceiving now that things are horrible in ways they shouldn't be horrible. Now, we're not going to impeach the guy. Could we get our money back? Honest to God, what, I mean [audience applause], just at least something.

TOM BROKAW: David, that's why we have elections and we're about to have an election and on January 20th he'll be out of office. In this book, I write about 1968. Let me remind you that forty years ago this year, Doctor King was killed, Bobby Kennedy was killed, we had the Chicago riots, 16,000 people were killed in Vietnam, Lyndon Johnson decided not to run for re-election, the Kerner Commission said we are two societies – one white, one black, separate and unequal – we had urban riots and in the fall we had as cantankerous and as contentious and in many way as mentally violent an election as we've ever had – with George Wallace who was part of it.

So, we've been through these difficult times before and the way you work your way out of them is you get the two parties to nominate their best candidates and then everybody re-enlists as citizens and say to themselves and their family and their friends: “Hey, it's time for us to get involved.” So that's how I feel about it.

Meanwhile, even as "The Economy Is Better Than You Think", "Adam Smith's invisible hand coldly touches its next victim."

And boy, is he in for a shock!

(Sorry, couldn't resist that last link.)


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