This is from “Irene A. Mystery” , modified by Stan Kegel, and posted to the groaners listserv.

A story is told of a Jewish man who was riding on the subway reading an Arab newspaper.

A friend of his, who happened to be riding in the same subway car, noticed this strange phenomenon. Very upset, he approached the newspaper reader:

“Moshe, have you lost your mind? Why are you reading an Arab newspaper?”

Moshe replied, “I used to read the Jewish newspaper, but what did I find? Jews being persecuted, Israel being attacked, Jews disappearing through assimilation and intermarriage, Jews living in poverty.”

“So I switched to the Arab newspaper. Now what do I find? Jews own all the banks, Jews control the media, Jews are all rich and powerful, Jews rule the world. The news is so much better…”