Am I the only one? Options

[Mommy]

Am I the only one here who feels that the media is largely to blame for our country being on the brink of a recession?
I mean, the way I see it is our country is driven by consumer spending. Yes, the current credit crisis is largely to blaim as well, but I think it was made worse by the fact that the media has been overdramatizing the current state of the economy which in turn worries consumers. Worried consumers don't make big purchases. I am so sick of headlines that read "Some analysts say our country is already in recession" and shit like that.
I'm starting to think that our country will fall into a depression, and the media will be to blame because consumers will pull their money out of banks, out of investments, etc.
Another thing, I think the federal gov't needs to back the fuck off and quit lending banks billions upon billions of dollars to stay above water. Our national debt has to have skyrocketed in the past 8 months. The only move I agree with was the move to keep Bear Stearns from collapsing.
And now this morning they unveleiled a financial overhaul for our economy... "The largest proposal since The Great Depression" according to media sources *rolleyes*.... burried deep within the story, they briefly mention that it will be held up in Congress for months, maybe even years.
Why does our economy rest in the hands of a bunch of bureaucrats in Congress whose knowledge of economics most likely comes from one college course they took as a freshman, some 20-30 years ago? I don't like it.
These are just a bunch of things I have been thinking about lately. Believe me, I am no economist. Last time I took economics was in high school, but I think a lot of these things are pretty obvious.

Thoughts on the media coverage? Thoughts on the Bear Stearns move? Thoughts on the new financial overhaul released today (links below)?

http://biz.yahoo.com/ap/080331/fed_overhaul.html
http://money.cnn.com/2008/03/31/news/econo...dex.htm?cnn=yes

[blaarg]

I'm starting to think that our country will fall into a depression, and the media will be to blame because consumers will pull their money out of banks, out of investments, etc.
Another thing, I think the federal gov't needs to back the fuck off and quit lending banks billions upon billions of dollars to stay above water.

Let me get this straight, you are upset that people are pulling money out of banks because of the media over dramatizing, but then when a bank is about to go under you don't want them to be saved putting a lot of people's money in jeopardy who decided to stay with the bank?

[Mommy]

Let me get this straight, you are upset that people are pulling money out of banks because of the media over dramatizing, but then when a bank is about to go under you don't want them to be saved putting a lot of people's money in jeopardy who decided to stay with the bank?

the government (if they get involved at all) should be helping people... not the lenders who irresponsibly caused the credit crisis.

[jwttu]

the government (if they get involved at all) should be helping people... not the lenders who irresponsibly caused the credit crisis.

but they are helping you by making sure the people that invest/hold your money don't go bankrupt