Dealing with the pre-spun pundits

There is so much which is blatantly untrue constantly being slipped into what passes now for news, it is delightful to read about cases where those lies are refuted.  I ran into this example on News Hounds

Fox News tried Saturday (February 4, 2006) to get Wall Street to come to the rescue of the Bush Administration and protect it from any political fallout for spying on Americans without warrants, but the effort failed when a Democratic analyst called for George Bush to be impeached for violating the law.

They started with one of the contemporary icons.  "Wall Street should endorse (wiretapping). We all know what happened after 9/11. The economy crumbled. ... Why not let the government do it's job?" said (Tracy) Byrnes.  Gee, the evidence shows that it was seriously tanking before 9/11.

What I loved was Hymowitz' point-by-point refutation of all of the standard arguments.  It could serve as a guide for those water cooler discussions.