What we need is a truth in media law. If the media is reporting news should should have to meet certain truth standards. This is especially true for political adds!
Just the other day Rush Limbaugh reported an Obama quote found on a website. When a caller informed rush that the website he was quoting Obama on was satire Rush said "Well I stand by the quote because Obama thinks it anyway'
John Stewert had a great piece on fox news recently:
Video: For Fox Sake! | The Daily Show | Comedy Central
Fox news (and some other media outlets) propagate lies and propaganda as truth and that is wrong.