Perhaps the media's most cherished holiday tradition is the middle-class poverty story, which alleges that hunger and homelessness are now stalking the previously impervious middle class, stories often based on dubious numbers from the U.S. Conference of Mayors. Now, clear a place: Heating bills are joining hunger and homelessness at the liberal groaning board.

Remember the good old MSM formulation from the days when Newt was Speaker? The notion that slowing the runaway growth of any government program was actually a cut?

Just in time for Thanksgiving, it's back.

My local paper, the Gannett-owned Ithaca Journal, leads with this tear-jerker of a banner headline: "Budget Cuts Would Hit State's Poor Hard". Here is a link to the article.

In homes across this country that subscribe to the New York Times, Americans will                                                   wake up on Thanksgiving morning to be told that the land they love is still in some kind of Great Depression. Of course, unemployment is at 5 percent, more Americans own their own homes than ever in history, and the average citizen has a higher net worth – meaning assets minus debt – than ever before, including during the supposed boom years of the late ’90s. Alas, none of that is important to the Times editorial staff...not even on Thanksgiving.

To be sure, this kind of economic mischaracterization is certainly nothing new to the mainstream media. However, stuck in the middle of an editorial about one of the nation’s most cherished holidays, on the very day in question, does make it a little more distasteful than usual:

A recent NewsMax piece (scroll down to article #2) gave high praise to yours truly. Please excuse the obviously shameless self-promotion, but I’m verklempt. Talk amongst yourselves.

“Noel Sheppard isn't pulling any punches these days.

“Sheppard has become an increasingly popular economic guru, and he could well be the political right's answer to noted liberal pundit Paul Krugman of The New York Times.

“Sheppard is widely accessible in cyberspace, and he continues to land haymakers, delivering crushing blows to mainstream media arguments that the American economy is in peril.

“This past weekend, Sheppard took the mainstream media to task for their questionable evaluation of economic news as ‘good’ or ‘bad.’”

There’s been a lot of suggestion by the media lately -- especially since the elections last Tuesday -- that the Republican Party is in dire trouble, and could lose control of the House and the Senate in 2006. For those interested in a side of this debate that the media are ignoring, you should watch today’s “Meet the Press,” in particular the second-half with DNC chairman Howard Dean.

Media Wrong About Dollar: As the frequency of pessimistic reports increases, their accuracy seems to decline.

Yesterday (Friday November 4, 2005), the Labor Department announced that the national unemployment rate dropped from 5.1% to 5.0%.

Good news, right? Well, some media outlets did not seem to think so.