Posted on 01/01/2009 9:44:55 AM PST by Sub-Driver
Poll: 77% of Americans Blame Media for Making Economic Crisis Worse Jan 1 11:09 AM US/Eastern
- New Poll Conducted by Opinion Research Corporation -
NEW YORK, Jan. 1 /PRNewswire/ -- Seventy-seven percent of Americans believe that the U.S. media is making the economic situation worse by projecting fear into people's minds.
The majority of those surveyed feel that the financial press, by focusing on and embellishing negative news, is damaging consumer confidence and damping investment, making a difficult situation much worse. The poll was conducted via telephone, December 4 - 7.
The US survey of 1000 adults was conducted by Opinion Research Corporation and is statistically representative of the total U.S. population. The survey question: "Do you think the financial press is making the economic crisis worse by projecting fear into people's minds?" While the overall response indicated that 77% of Americans answered YES, here are highlights of note: Household Incomes: $25k - $35k -- 79% answered YES $35k - $50k -- 88% answered YES $50k - $75k -- 76% answered YES $75k - more -- 78% answered YES Demographics: 85% of young adults (18-24 yrs old) answered YES 77% of males and females alike answered YES 65% of blacks answered YES
(Excerpt) Read more at breitbart.com ...
Well, maybe there is hope yet for the American people.
all you have to do is watch the fear mongers at cnbc business channel for a few minutes to see what they are doing. i switched to fox business a few weeks ago and it is a world of difference. cnbc is in the business of making news rather tha n reporting it.
I wonder if the press will do an about-face when Obama is sworn in? You know, kind of like how the “homeless” problem vanished instantly when Clinton was sworn in.
‘Mission Accomplished,’ MSM?
http://www.freerepublic.com/focus/f-news/2157227/posts
The Conference Board Consumer Confidence Index™ Falls to a New All-Time Low in December
The american public is, on the whole, vapid and uninformed. While the media does tend to sensationalize there are plenty of sources of good information if you bother to look.
they all seem to recognize media bias, but seem to discount its influence, so it seems that the recognition is for overt bias. On the other hand, the more important bias is covert, i.e. stories not covered, like the current homosexual intifada against Democracy in California.
As usual, doesn’t matter what subject the MSM is covering, everything is a major crisis.
Starts every day and lasts until the next day when they pump up the crisis anew.
Fear, hate, death, destruction, and pushing the new latest nanny state loss of liberty for our own good is their creed.
Ah, yes, we were suddenly in the midst of "urban outdoorsmen".
Ha! Yeah right. The same folks that voted for Oblabla.
American public have few things going against them:
1. A vast majority are stupid (or simple uneducated). (how else can you explain voting for Bambam)
2. Apathetic. We moan and complain in forums like FR, but do nothing as a united group.
3. Too engrossed in things that don’t matter, like why did Paris Hilton go on a huge shopping spree in Oz? Who cares!
etc, etc,etc...
And yet, the economy is not really in that bad of shape. GDP has fallen about .3% since the “depression” started more than a year ago. During the Great Depression, it fell by 33%.
Who’s willing to bet early 2009 newspapers get their Gov sponsored bailout?
Disposable income (after taxes) of all US households is 3% higher now than it was a year ago. Consumption spending is only 0.5% higher, the savings rate increased by the balance.
Anybody hear anything remotely like that from the financial press?
Isn't everyone supposed to be out of work and aren't those that are working supposed to be so in debt to unnamed magical beings in the sky they can't afford anything and aren't they all supposed to be borrowing, net, not saving?
Oh, and US income from abroad continues to be above US payments to foreigners for their investments here. Narrowly, but positive.
US *asset values* have fallen, as *discounting rates* have swung. But US *incomes* have not. At all. Not a smidgen.
Just shilling for Obama. As soon as he’s been sworn in (lying under oath) they’ll turn on a dime and start saying how much better everything is getting!
There is some truth to the opinion that the media is making things worse. However, I think the media is painting a dark picture in order that they may “reveal” “The Divine One” as our salvation.
Of course that is what is going to happen.
Do you all remeber the clintion recession. Ah maybe because of who we are but do you remember seeing situation like this. of course not. It was never really reported on.
If anything the media is painting a brighter picture than reality would indicate. Note how there are very, very few economists willing to speak on the subject. Most of the interviews are with journalists. That’s because few economists want to go on record with what they really think.
Yes, an about-face has been predicted. About a month after O is sworn in the headlines will be “Economy Picking Up”.
Maybe they are understating the problem?
I lost $2000 on a custom couch from NC from a furniture co. that went chapter 7 . NC furniture industry is in collapse.
Auto industry collapsing
Housing is still in free fall
Discussions about nationalizing 401k’s and IRA’s
http://www.leap2020.eu/GEAB-N-30-is-available!-Global-systemic-crisis-New-tipping-point-in-March-2009-When-the-world-becomes-aware-that-this_a2567.html
Real unemployment rate probably over 10%
US debt doubled
Towns and states going bankrupt
Countries going broke Iceland, England, riots in Greece
etc., etc, etc.
Bush economy is Yesterday’s election news. I would be more concerned about what they are not telling us....
Where is the good news? IMHO we are just getting started.
Guns, groceries, gold
--or how about the fact that since this 'recession' began, our gdp has expanded by $100 bil. --a half trillion in current dollars. It goes on and on; unemployment is lower now than it was when Clinton was bragging about his jobs economy. Zero, zip, nada in the press.
I fully agree that the press has made matters worse, but politicians (including Obama)have contributed to the problem by mischaracterizing the financial climate solely for political gain.
Indeed, the media whores and the political whores combined to make a bad situation worse. Now, the a**holes have to live with it.
Just shilling for Obama. As soon as he’s been sworn in (lying under oath) they’ll turn on a dime and start saying how much better everything is getting!
_____________________
They already have. I heard one reporter yesterday say that Obama had done more for ME peace already than Bush did in his eight years of being President.
A lot of members of the media, as well as a lot of members of congress, should be indicted for treason; tried, and if found guilty, have all their wealth confiscated, and depending on the level of treason commited, be jailed or be sentenced to hang from the neck, in a public hanging.
You must be some kind of Bush-bot Pollyanna delusionist. Everyone knows that 'real' unemployment is way over 200%.
Wait till they get a good look at the president the media sold them.
Yes, and our politicians.
LOL... Sheep... Now after Jan 20th things will slowly begin to get better. The bar has never been lower for an Incoming Administration. The media already has a spot picked out on Mount Rushmore for him.
There’s hope for us yet.
No, say it isn’t true! It can’t be, the media?
At our annual New Year’s Party with couples we have known for decades, one of the moderate liberals brought up the new great depression.
She got my favorite question, “Who do you know, who has lost their job or is making significantly less money or is losing their home due to factors beyond their own actions or failure of actions.”
After a couple of rambling minutes, she and the other moderate liberal couple admitted that they knew no one who fit into that category. The people losing their homes got themselves into the mess by 2nds and home equity mortgages.
One couple known by everyone, had invested big time with Madoff and had leveraged their home based on their expectations on Madoff. Now they have no income and will probably lose their MacMansion.
One of our major shopping centers had traffic jams for the entire week before Christmas. Cops were on hand, giving out tickets for blocking the interesection.
One of the ladies in semi retirement works a couple of days per week for a decades old Kitchen Appliance and goodies store with products ranging from medium price to high $ value. She said their sales were the best in decades if not for ever. They have hundreds of back orders where the customers paid 25-50% as a deposit for the future orders.
Our Walmart and two Targets were busy everytime we went in from Thanksgiving to Christmas Eve.
Some stores are closing and most will not be missed. A very crummy Mervyn’s is closing and several excellent national and regional replacements want that building. Many of us want to see a Kohl’s move in.
There are what appears to be increasing numbers of poor, many are apparently illegals not able to find work due to ICE crackdowns on employers. The food bank has run out of food twice due to the ICE crackdowns. The Salvation Army had so many volunteers for Thanksgiving and Christmas meals, they were turning down volunteers. As usual they can use more money. A friend who is very involved with the Salvation Army and local charities, said that ICE crackdowns and illegals not going home for the winter is impacting all of the food and temp lodging charities. Also, our lack of Gorebull warming (really cold and wet weather) has driven the hard core homeless from the bridges, empty house, and buildings into the agencies for food and shelter.
Of course the Mediots only focuse on the failure of America to keep the illegals and perpetual homeless housed and fed.
I feel the MSM hasn’t done enough to tell us the real story.
I’m surprised the people figure this out — but couldn’t figure out the media was conning them in their coverage of the elections.
Yep—It has absolutely nothing to do with all the bad debt from the last 10 years! Borrowing increases short term GDP at the expense of later gdp. That time of reckoning is here. We’re (The US) is at 400% debt to GDP (all public & private debt) which is a record—even higher than in 1933.
Only because of the massive $1 trillion dollar borrowing by the federal government and this quarter is projected to be -5 to -7% annual rate and again in the 1st quarter. You do realize that all the borrowing is just stealing gdp from a future period?
Is Bush any better? Or is the biggest bailout/socialism in US history not matter? Of course—Obama will likely be worse but much of the current problems were under the Bush administration.
Can you tell me what evidence there is for a strong economy and why, if it is not nearly as bad as some are saying, a conservative like Glenn Beck keeps talking apocalyptically about a coming economic implosion?
From Bureau of Labor Statistics Check out U6 12.5%- I wonder if that includes illegals...?
http://www.bls.gov/news.release/empsit.t12.htm
Fuel to the fire..200,000 store closings
http://www.startribune.com/business/36859129.html?page=2&c=y
“””””About 160,000 stores will have closed this year and 200,000 more could close next year, said Burt P. Flickinger III, managing director of consulting firm Strategic Resource Group. That would be the industry’s biggest contraction in 35 years. Flickinger expects 2,000 to 3,000 malls to close in March and April.””””
JMHO But I think things are much understated and I am being defensive in this environment. The election over liberals control it all and they will be making the worst decisions imaginable in the coming months. Buckle up and hang on, it’s going to be a rough ride
I care more about actions than “ideology.” By the fist measure Republicans have been marginally better than Democrats while they are worlds apart on the latter. None them are actually out for us.
“””I care more about actions than “ideology.” By the fist measure Republicans have been marginally better than Democrats while they are worlds apart on the latter. None them are actually out for us.”””
More like the same animal with two heads....welcome to the kelptocracy
but definitely a kakistocracy.
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