I like to cite sources, but you’re going to have to take my word on this. I was listening to Fox News Radio. They were discussing how another bank was bailed out today. They talked about gold prices around $1009, crude oil at $109. Then it was stated that consumer prices are steady.
It was at that point that I was very confused. My first thought was "Oh, Crap all this money injected into the system hasn't affected consumer prices yet." My second thought was that I knew that prices were going up. I remembered how fuel is not a consumer good. Then I reached my conclusion. The statement, "consumer prices are steady," was a lie. Maybe they've changed the definition of consumer goods and altered their formula so that in the past day or two what they calculate to be consumer prices haven't changed. It's clear though that this statement doesn't have anything to do with real life. In my life prices are going up, any lie pumped through a radio doesn't change that.
Of course, I never considered Fox News to be the least biased source. I always thought that there was some effort to make honest statements no matter how skewed they might be. Now I'm convinced that they have started skewing their reports to the point of absurdity.