Why does the media lie about the economy?

[kuozzman]

Why (and how) do these people come on their Saturday business shows today and actually paint a pretty picture of our economy? That's ridiculous! That's a horrible thing to do too. Ignorant people(most people) actually think our economy is doing well and will continue to do so. How can anybody come to that conclusion? Some recent headlines and comments:

11/19/04 6 NATO Allies Refuse To Help U.S. In Iraq
11/19/04 Leaders Hope To Push $388B Spending Bill
11/19/04 Greenspan Sends Dollar To Multi-Year Low
11/19/04 Bush Signs $800B Debt Ceiling Increase
11/19/04 Greenspan Issues New Warning Over US Current Account Deficit
11/19/04 Index Of US Leading Econ Indicators Reveals Sluggish Economy
11/19/04 Foreign Appetite For Dollar To Dwindle
11/18/04 Did Japan Stop Buying U.S. Treasuries?
11/18/04 FDA Knew Of Flu Shot Problems By June 03
11/17/04 US Consumer Prices Surged 0.6 Percent In October
11/10/04 Fed Lifts Rates for Fourth Time This Year

-We're not leaving Iraq any time soon
-Corporate corruption is in full swing
-The whole world hates us
-HH income isn't keeping up w/ inflation
-China could crash our economy pretty easily
-God knows what Chimp is going to do w/tax code and S.S.
-We're going to invade at least one more country in next 4 years

Yet, catch some reporting on the economy/market/etc. sometime today and their actually like excited?!?

[signmike]

1. "God knows what the Chimp will do ..."

Hahahaha

Namedropper!

[kodi]

2. sit down son, you're rocking the boat, you're only here for the ride

got it?

[Old and In the Way]

3. Because they have an aversion to anthrax?

Or they are told what to say? Or they are Republicans? From their perspective, things have never been better financially? Or a combination of the above?

[MsConduct]

4. Because there is no 'free' press anymore. n/t

[JAbuchan08]

5. Because its going great for them

n/t

[r3verberate]

6. Because of the negative impact that it can have on the economy ...

... it's a vicious cycle. The worse people feel about the economy, the less they spend + invest, the worse the economy becomes.

Capitalism didn't take psychology nor mass media into account when it was envisioned.

[r3verberate]

7. And neither did socialism.

Watch out for the double edged sword.