As Michael says, the clear bias in our media generally and in most financial journalism is the perma-bull everything's getting better all the time bias. Just watch a bit of CNBC. I'm not sure why a few cranky bears seem to upset people so much. And in this current situation, there's asymmetric risk here. The potential downsides of doing too much - too much stimulus - are much less than the potential downsides of not doing enough.
Obviously I spend my days expressing my opinions about various things so I have some investment in being "right," but I'd much rather be wrong than have millions of extra people being unemployed. My ego isn't that big.
