I'm confused. Are you saying that the media sensationalism surrounding fear of terrorism is simply accidental, and that the government has just naively bought into it and reacted accordingly?
Because if so, no, I don't think that's an adequate explanation. Obviously not malice, but just greed. The media is greedy and likes to air stories that sell, even if they are irresponsible. Politicians and government agencies are greedy for power and know that taking advantage of people's fear of terrorism is an easy way to grab that power. It's not evil for the sake of evil; it's evil for the sake of money and political gain.