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The Sky's Not Falling

by John Stossel

"Mortgage Crisis," shouts the New York Times. The Times has used the term "subprime crisis" at least 11 times. Not in opinion columns — in news stories.

The columns are worse. Paul Krugman writes: "A lot of the financial system looks like it's going to shrivel up and have to be rebuilt."

The "financial crisis," says Fortune's senior editor, "is threatening to bring down the entire system, with dire consequences."

Whe ...

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Posted by: Roger
Comment: #1
Wed Apr 23, 2008 2:58 AM

No offense John but the Clinton administration changed the way unemployment rate was calculated. So you can not compare unemployment rates between the Carter administration and the current Bush administration because the unemployment rate is calculated differently.

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