media induced recession??
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| Sun, 03-30-2008 - 8:35am |
OK, so dh and I were discussing the recession yesterday (once I think I've got something figured out, I discuss it with him and he raises even more questions for me, hmph!) and he's of the mindset that the media, in essence, has helped to create this recession, or looming recession....
By reporting all this negativity about the economy on a daily basis, Americans have started cinching their collective belts, and not spending, which in the end, does hurt the economy. (Now, I don't think it's such a bad thing to save, but I can see his point here). So, if/when a dem is elected POTUS, the media will pretty much stop with the negativity, things will get back to "normal" and then the dems can take credit for "fixing" the economy.
I realize there are real issues, but there always have been. But, I also think that the media has a HUGE influence on the state of things, too....so it's a toss up for me. On one hand I understand it, but on the other, I feel like there are real problems in the economy. Maybe the media has just made it worse...
WDYT? I'd love to hear other povs on this...no bashing please.
Edited 3/30/2008 9:56 am ET by hot_toddys_mama

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The media did not create the banking crisis or the mortgage crisis.
I agree...but I also think the media doesn't help any. We already know all this, from first hand experience, there's no need (for the media) to rub it in and make it worse, though. Honestly, I get sick of listening to it.
So I DO change the channel and watch Spongebob or something, lol...
I love my TaterTod!!
Oh yes, this is a good point, too. Those credit card debts are hard to overcome. I wonder what the USA alone, as a whole, owes in credit card debt. I bet it is staggering....
But, are credit card companies regulated or anything by the govt? Is there really anything the govt. could (or would) do about them? Really, I think by itself, it's more of a personal/individual issue than something the govt. should get involved in...even though in the end, it does affect the nation's economy.
Such a vicious cycle...
I love my TaterTod!!
I think the media was late in covering this economic downturn.
I disagree with you, but I'm pretty sure
Although there is an element of escalation because of panic among the people in a depression or recession, I think most people have noticed the rise in prices, the housing crunch, the lending crunch.
That isn't to say that the media has not touched off the 'fear factor,' just that the recession would have happened regardless.
Jump in; the 1000 post thread is HOT!
"aggressive easing of interest rates"
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