Conservatives who point out the declining audience for the big television network newscasts, and declining public trust of the media in general, often underestimate how much clout the liberal media still have.

For example, while the economy has had near-record highs in growth rates and in the stock market, with near-record lows in unemployment and inflation, polls show that the public thinks the economy is in big trouble. A steady diet of gloom-and-doom spin in the liberal media has worked. The death of media influence has been greatly exaggerated.

More is involved than partisan attempts to undermine the Bush administration. For decades, the liberal media and the intelligentsia have had to struggle mightily against good economic news. Their whole vision of the world -- and of themselves -- is at stake.

It's not easy. Even Americans in the bottom 20 percent in income have higher real incomes than in the past and such staples of middle class life as microwave ovens and motor vehicles are now common among "the poor."

What can the liberal-left do? They can keep pointing out how the bottom 20 percent's share of the national income is declining.

Of course people don't live on percentage shares, they live on real income. Moreover, it is not the same people permanently stuck in the bottom 20 percent. Three-quarters of the people in the bottom 20 percent in 1975 were also in the top 40 percent at some point over the next two decades.

Nor is there anything mysterious or sinister in the fact that the percentage share of the national income going to the bottom 20 percent has declined.

How do most people get income? They work for it. What happens when pay for work goes up? The gap between those who are working and those who are not widens. Most of the people in the bottom 20 percent are not full-time, year-around workers.

There are, in fact, more heads of household who are full-time, year-around workers in the top 5 percent than in the bottom 20 percent.

Regardless of what the facts are, you can always find exceptions to those facts. The liberal media inundate us with stories about those exceptions, who are presented as if they were the norm.

The middle-aged single mother struggling to make ends meet, while working at a minimum wage job, has become a staple of these journalistic tales. In reality, data from the Bureau of Labor Statistics show that only about 2 percent of workers who are 25 years old or older have minimum wage jobs. Continued...