Are Journalists Science Dopes?

Richard Feynman said something to that effect once....at least about a particular journalist. I watched a clip of the Today Show where an economics professor was making medal predictions. A few things annoyed me.

1) He wasn't allowed to finish even the basic explanation, before interupted by blabbering of how confusing it was.

2) Then there was a joke about "decoding" this rather simple formula.

And to top it off, the graphic included used the U.S. flag for Germany.