Tony Blankley tears the MSM a new one for its blatantly biased reporting as well as the more shocking non-reporting. Especially about Ayers:

...worse than all the unfair and distorted reporting and image projecting are the shocking gaps in Obama's life that are not reported at all. The major media simply have not reported on Obama's two years at New York's Columbia University, where, among other things, he lived a mere quarter-mile from former terrorist Bill Ayers. Later, they both ended up as neighbors and associates in Chicago. Obama denies more than a passing relationship with Ayers. Should the media be curious? In only two weeks, the media have focused on all the colleges Gov. Palin has attended, her husband's driving habits 20 years ago, and the close criticism of the political opponents Gov. Palin had when she was mayor of Wasilla, Alaska.

But in two years, they haven't bothered to see how close Obama was with the terrorist Ayers.

The public will be voting based on the idealized image of the man who never was. If he wins, however, we will be governed by the sunken, cynical man Obama really is. One can only hope that the senior journalists will be judged as harshly for their professional misconduct as Wall Street's leaders currently are for their failings.

The non-reporting of the Ayers story epitomizes the dimensions of the problem, and I think the Wall Street analogy is not a bad one.

Because at this point, by keeping the lid on the Ayers story, the non-reporting reporters are doing more than simply protecting Obama (or even Ayers). They're engaged in their own damage control, and trying to prevent a major credibility freefall.

I don't think the economists will be able to help them much.