First of all, put aside all partisan political views and all opinions of the validity of the Administration's economic response for a minute. I want to focus on simple validity of reporting.
I steamed into bajungi tilt when I saw the Yahoo headline:
"New Obama Plans "Spend our way out" of Downturn."
I'm clearly in the "you can't spend your way out of it when you're already up to your eyeballs in debt" camp. There's just one problem - according to the text of the speech released by the White House, that's not what Obama said. What he actually said was
"Even as we have had to spend our way out of this recession in the near term, we have begun to make the hard choices necessary to get our country on a more stable fiscal footing in the long run."
I'm no fan-boy of the administration's economic policies, but I think Yahoo's headline is simply factually incorrect and sensationalistic, which is especially interesting because I feel like this administration has had better control of positive spin in the mainstream media than any other administration in history. Obama's plans may very well still be to spend our way out of the downturn, but Yahoo quoted it as if he actually said that, which he did not.