State of Fear by Jack Mason

Network News has shifted gear the past few days. No longer should we worry about Bernanke/Geithner/Obama destroying the last vestiges of capitalism, we should worry about contacting the Mexican Swine Flu.

I don't want to diminish the possibility of it turning pandemic (my grandmother died from the 1918 influenza epidemic), but I do have a great deal of difficulty with both the timing of the news, and the voracity of the news networks in disseminating the news. Also problematic is every "talking head" bureaucrat from here to kingdom come telling us they have everything under control. It's very reminiscent of Bernanke telling us in the early stages of the credit crisis that "everything was under control" and the cost would be $50 million, oops $50 billion, oops ...

This morning's Drudge Report front page is a proxy for the aggressiveness of "Network News."

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