Walter Cronkite's longtime producer Leslie Midgley once wrote that, "News is what an editor decides it is." News today is what TV producers decide can help President Obama. News that hurts isn't news at all.
This may be the golden age of presumptuous ignorance. The most recent demonstrations of that are the Occupy Wall Street mobs. It is doubtful how many of these semi-literate sloganizers could tell the difference between a stock and a bond.