Just like those childhood story lines were false cries of doom, the MSM will no doubt be crying from the hills on the front page of every major newspaper and lead story of every major newscast of how the economy is doomed after yesterday's 360 point drop of the DOW.
Of course they will ignore the fact that it is still higher than even the low point of this year. They will ignore the fact that the market is still the strongest it has been ever. They will ignore the fact that the market always makes corrections. They will ignore the fact that already this year we have had a couple of triple digits drops only to see the market rebound shortly after and continue to grow stronger.
They will ignore all those facts and just point to one indicator that without all the other facts appears to express their viewpoint that the economy is doomed and it is all Bush's fault because of the war in Iraq.