bankruptcy recovery time
Has the news media made the economy worse?
Last fall, Pres. Bush and Henry Paulson asked for everyone to remain calm. Evidently, the news media didn’t hear that, as they went full speed into an over sensationalized, dramatized “doom and gloom, the sky is falling” rampage of daily predictions of “massive layoffs”, declining sales, factory closings, bankruptcies, This created a loss of confidence in the US. Results? A self fulfilling prophesy that could have been avoided. People decided not to buy that new car, boat, tv, pc, or skis The news media could have toned things down and we would be in a full recovery by now. Confidence is paramount. Today, Franklin Roosevelt would say:” The only thing you have to fear is ______: (ABC,CBS,CNN,NBC,MSNBC, the New York Times, the Washington Post, you fill it in.)
If Ted Turner was still running CNN, this irresponsible reporting would not be allowed. The news media needs to report more good news instead of this constant disaster line. I will now watch only “TV Land” and “Nick At Night”.
Personally I think the news media started the whole thing due to politics, they had an agenda to get a Democrat elected, and trashed the economy to accomplish their goal.
I am not saying the housing market didn’t have an influence, it most certainly did. However, if congress would have put a lid on Freddy and Fanny when President George Bush practically begged them to, and the news media would not have gone completely crazy with all the hype, there would not be all this FEAR in the country.
FDR said it best, when he said, “We have noting to fear, but fear itself!”
It is a downward spiral going faster everyday. However, I expect to see “that one” or “the one” (depending on your perspective) start talking up his proposals soon, to which, I am sure the news media will swarm like bees to nectar. When the people BELIEVE things are better, they will be, despite which measures are put in place.
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Eating Ramen: A Survival Guide for Tough Financial Times $11.59 Ellie Byrd was flat broke three times, dug her way out and went on to build three successful companies. Her inspiring story will capture your heart and offer a unique, new perspective on personal finances. If you’re struggling financially, you’ll want to read Eating Ramen. You’ll learn the “Ramen Method”, Ellie’s simple three-step process to financial recovery. Written for non-financia… |
