The U.S. Economy: Faux News Vs. Reality

Following up the previous post from David Sirota, here is this about Faux... er... Fox News deliberately misleading the public about the U.S. economy, starting with a transcript from Fox, posted at Think Progress:

Transcript:

But according to a new survey, 59 percent have bought into that crackpot notion. They rate it [the economy] as bad, very bad, or terrible, in fact, when all the facts say that just the opposite is true. So, where are the folks getting this image? My next guest says look no further than the liberal media. Larry, it’s media making the people thank the economy stinks, is that right?

But the polls don’t reflect media manipulation. Americans see the real state of the economy in their everyday lives:

• After adjusting for inflation, wages have not risen during the last three years.
• In fact, real hourly wages fell for most middle- and low-income workers in 2005 and the inflation-adjusted value of the minimum wage is 29 percent lower today than it was in 1979.
• The poverty rate has risen each year since 2001, with 12.7 percent of the population now living in poverty.
• Job growth during President Bush’s term has been the lowest since World War II. /font>