Don't Trust the Media to Report this Economy

[JCMach1]

The 'real' economy has been a slow steady slide since the election of 'W'. During most of that time, the media reports were about how 'great' the economy was doing. We all know that was a lie.

Now, they are taking great glee in reporting the 'hard times'. Obama is the new FDR... Where will the first breadline happen... ARG!!! (head is exploding at this point)...

Of course they haven't been paying attention!

Not only that, they are not paying attention now. In fact, their rhetoric is fueling a good deal of the panic.

I am not saying the economy isn't bad (it is). What I am saying is that the media will absolutely screw-up the story and usually spin-it to favor the right.

This is the time that W's advice after 9/11 might actually be useful... Ignore the media hype, and if you have a job, go shopping (bargains abound in this season). :sarcasm:

[marketcrazy1]

1. if readers are smart

they will ignore this advise... things are MUCH worse than you are being told by the MSM.. save your money, all you can you are going to need it!

[JCMach1]

2. My advice is don't listen to the media as they have their own agenda here

and have consistently mis-reported the economy.

We need to also demand transparency on the part of the Obama administration... For example, the M1 money supply report needs to be part of the public record again.

I don't think you go the note of sarcasm in my piece...

[marketcrazy1]

4. OOPS!!

no, i did not see the sarcasm! actually thought you were serious! MY BAD! and apologies!

[FrenchieCat]

3. Part of our problem directly stems for being a consumer nation....

living on borrowed money from credit cards, equity loans on overpriced property, student loans, etc..... Where do you think all of that borrowed money came from?

The problem is that China now owns us. Yes, it's that bad. China's population has saved their money, and so their financial institutions actually have real money to play with. We've got nothing other than goodwill at this point. That's why the election of Barack Obama was so important; he's the one that can provide the some short term goodwill that we need but that Bush has just about played out. Obama's plan is to make us a producing country again, instead of one that consumes other countries' goods. That's where the infrastruture plans and the Green economy comes in. We are going to start investing in ourselves instead of doing nothing but buying goods from other countries.

So no, shopping ain't gonna quite get it, and it was the wrong advise at the time that George Bush gave it, like everything else he has done and said.

Those banks really did go under, didn't they? :shrug:

[Ghost Dog]

5. That's right: Not 'shopping': Real investing in building a future,

an environmentally-sustainable future for yourselves and for your grandchildren...

And in 'harmony' with the rest of the world.

Peace.

[Manifestor_of_Light]

6. what are the real unemployment numbers?

They say ten percent.

I say twenty percent, or more if you figure underemployed/overeducated, decided to retire because they were "too old and too expensive", etc.

[elleng]

7. 'Unemployment' numbers are NEVER real,

for lots of reasons, and with this admin, NO numbers should be believed.

[Union Thug]

8. Go shop? My son was just laid off, my brother in law was just laid off..and..

our company has frozen all travel as its first step to cutting back. We know what's next.

I'm not shopping anywhere.

[ColbertWatcher]

9. I made this for you ...

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=4537658&mesg_id=4537658