LAT ridicules Bush

On today's front page, instead of reporting the news the LAT takes issue with remarks President Bush made yesterday about the economy, home mortgages and Fannie Mae and Freddie Mac. The LAT says that Fed Chairman Bernanke contradicted Bush yesterday and it chose to believe Bernanke, undoubtedly because he presented a more negative version of recent events. But Bush was speaking of the long term outlook for the economy while Bernanke focused on short term problems. The two were not necessarily contradictory. It's no surprise that the LAT would portray it that way, however.