Wall Street Journal Taken to Task for Dishonest Cheerleading (Again)

By Lee Russ

Sunday, January 15, 2006 at 03:41 PM

Check out this piece by Alan Tonelson, a Research Fellow at the U.S. Business & Industry Educational Foundation, which takes the WSJ to task for "Dishonest Cheerleading (Again)."

To the WSJ editors' claim that rising holiday sales mean "somebody must have money," Mr. Tonelson reasonably replies: "Of course, it's possible to make this argument with a straight face only by forgetting a little economic and financial concept called debt."

You know, if propaganda was water, those of us who hadn't already drowned would be swimming for our lives.