Just in time to sway the 2008 election, Steve Green looks at a case of "Wrong Facts, Right Narrative":

It only took six years of constant, strong growth, record-low unemployment, low interest rates, several years of a housing boom, and new stock market records... for the MSM to finally convince almost half the population that we're in a recession.

Well done, guys.

In related posts, Rick Moran notes that "It’s 1980 all over again, at least if the malaise felt by Americans today is any indication". And Orrin Judd looks at the lessons from the 1987 stock market correction, a historical blip in the Dow that the MSM presented at the time as the Next Great Depression. Until the remarkably mild 1990-'91 recession, that is.