HANNITY'S NEW NAME: SMILEY FACE

This afternoon, Hannity had some half-wit economic advisor on to try to convince his listeners that all the talk about a bad economy was just fear-mongering and that Obama hoped to use that fear to enact a "radical" agenda. Here are some of the facts:

U.S. stocks cheer as Fed cuts rates to record low
By Kate Gibson, MarketWatch
Last update: 4:36 p.m. EST Dec. 16, 2008

Ahead of Wall Street's start, the government said consumer prices in November fell 1.7% in the biggest drop since 1932. Read story on the consumer-price index.

A separate report showed construction of new homes falling far below the worst levels seen in 50 years. Read Economic Report on new-home construction.