The Media's Top 10 Worst Economic Myths of 2008

BMI's collection of outrageous economic bias for the entire year: From the salmonella outbreak to the media's call for a new, New Deal.

By Julia A. Seymour and Paul Detrick
Business & Media Institute
12/11/2008 3:40:45 PM

Each year the Business & Media Institute looks back on the year's news and selects the top 10 worst economic myths. Here is our 2008 list:

10. Capitalism is dead or dying.

9. Gas at $4-a-gallon, blame the oil companies.

8. Fannie’s failure

7. Barack Obama sends stocks soaring, but not sinking.

6. Alternative energy: All gain, no pain

5. The economy has a fever and the only prescription is more bailouts.

4. Attack of the Killer Tomatoes

3. Oil prices will skyrocket to $200 a barrel, gas to $15.

2. Welcome to 1929: Great Depression II

1. America needs a new, New Deal.

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