” No bailouts, no way. Get it? “
Of course I ‘get it’... From the “it’s all the media’s fault” tone of your initial post, I didn’t have the impression that you do....
I stand corrected....
The counter-media-hype ( ‘nothing to see here’) is just as, if not more, destructive to clear thinking as the ‘sky is falling’ side.
There are, indeed, serious structural cracks starting to show, and the obfuscation from either side isn’t conducive to adressing the problems.....
Sorry you took my initial post that way, but that wasn't what I meant. The media circus didn't cause the subprime mess, but they certainly can fuel fear by constantly running doom and gloom pieces, sorta like blowing on coals to stoke up a fire. I saw it happen in the '70's, i.e., the "misery index", "stagflation", etc., and again preceding every recession since, particularly when the 'Pubbies occupy the Whitehouse. Folks that are paying attention, like you and me, know better, but the casual observer is who they are aiming at. I, for one, am convinced that the Dims, with the help of their laimstream media buddies, would drive this country into depression if it meant it would hurt GWB and bring victory to the Socialist Democrats. I believe they are that obsessed with his downfall.
There will always be some impending crisis in the financial world. There will always be people offering bad loans and people lining up to screw themselves. You have the right to be an idiot in this country, but you do not have the right to use my tax dollars to fix your screwup. (yet)