The mainstream media's incessant, excited chatter about a looming Bush Bounce represented just the latest embarrassment in an endless parade of journalism missteps during the Bush years. The depressing puppet show--senior White House aides announce things are great, conservative 'news' outlets echo the spin and then MSM journalists gamely play along--has become annoying, tiresome and transparent. Yet the MSM won't stop embarrassing themselves.

Two problems with the contagious Bush Bounce story:...