Mar 31 2008, 09:45 AM
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![]() New son Donovan Charles Mummert born July 17, 2008 Group: Members Posts: 8,635 Joined: 22-February 06 From: Port Wentworth, GA Member No.: 15 |
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 |
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Jessica Am I the only one? Mar 31 2008, 09:45 AM
Watchman we just handed over even more power to the federal... Mar 31 2008, 10:55 AM
FORSAKENR320 QUOTE (Watchman @ Mar 31 2008, 11:55 AM) ... Mar 31 2008, 02:00 PM
Watchman QUOTE (FORSAKENR320 @ Mar 31 2008, 03:00 ... Mar 31 2008, 02:04 PM
blaarg QUOTE (Jessica @ Mar 31 2008, 09:45 AM) I... Mar 31 2008, 12:45 PM
Jessica QUOTE (blaarg @ Mar 31 2008, 01:45 PM) Le... Mar 31 2008, 12:57 PM
jwttu QUOTE (Jessica @ Mar 31 2008, 01:57 PM) t... Mar 31 2008, 02:06 PM
Jessica QUOTE (jwttu @ Mar 31 2008, 03:06 PM) but... Mar 31 2008, 04:08 PM
FORSAKENR320 QUOTE (Jessica @ Mar 31 2008, 05:08 PM) h... Mar 31 2008, 06:56 PM
impala454 Maybe there is some terrible problem and our whole... Mar 31 2008, 12:54 PM
Jessica QUOTE (impala454 @ Mar 31 2008, 01:54 PM)... Mar 31 2008, 12:59 PM
blaarg QUOTE (impala454 @ Mar 31 2008, 12:54 PM)... Apr 1 2008, 01:30 PM
impala454 QUOTE (blaarg @ Apr 1 2008, 02:30 PM) sur... Apr 1 2008, 01:57 PM
blaarg QUOTE (impala454 @ Apr 1 2008, 01:57 PM) ... Apr 1 2008, 06:19 PM
impala454 QUOTE (blaarg @ Apr 1 2008, 07:19 PM) Typ... Apr 2 2008, 09:13 AM
Hartmann The fact that the interest rates for savings types... Mar 31 2008, 02:12 PM
chook The problem is too many dollars being printed, and... Apr 1 2008, 07:49 PM
Oasis QUOTE (chook @ Apr 1 2008, 07:49 PM) The ... Apr 2 2008, 12:37 PM
chook QUOTE (Oasis @ Apr 2 2008, 01:37 PM) Are ... Apr 2 2008, 06:25 PM
jwttu Of course you'd post a picture of Vegas, it ha... Apr 1 2008, 10:20 PM
blaarg QUOTE (jwttu @ Apr 1 2008, 10:20 PM) Of c... Apr 2 2008, 06:28 AM
Jessica QUOTE (blaarg @ Apr 2 2008, 07:28 AM) yes... Apr 2 2008, 09:26 AM
jwttu QUOTE (Jessica @ Apr 2 2008, 10:26 AM) le... Apr 2 2008, 10:54 AM
impala454 exactly, and it doesn't indicate some huge mar... Apr 2 2008, 12:23 PM
woody it started with the $600,000 for 600/month ad... Apr 2 2008, 12:39 PM
impala454 QUOTE (woody @ Apr 2 2008, 01:39 PM) caus... Apr 2 2008, 01:05 PM![]() ![]() |
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