As my colleague Nathan Burchfiel noted, the context of Gramm's remarks were the media's role in accentuating the negative in economic news and hence ginning up the public's economic fears and complaints. Of course, the media has done little to prove Gramm wrong.
Take, for instance MSNBC.com's "My Miserable Summer" series, which, among other things, takes tales of woe from readers and publishes them on the Web site ...
[complete with series logo and everything...
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