Oh, now it’s a financial crisis? Am I the only one who thinks this sky-is-falling hysteria is just nonsense? I don’t know about anyone else, but in my day-to-day life, I am not seeing “financial crisis.” I pay quite a bit more to fill my gas tank, and a little more for some groceries (milk, mainly.) Other than that, I ‘hear’ about the crisis. I ‘read’ about the crisis. But I don’t see the crisis.
Of course it’s a crisis to anyone opposed to Capitalism.
Definition of Crisis: A highly volatile dangerous situation requiring immediate remedial action.
Which that remedial action would be either Socialism or Marxism.
I think the crisis news services we get should look up a thesaurus, crisis is getting so old.
Plenty of other terms to describe desperation to sell news such as;
apoplexy, catastrophe, climacteric, climax, conjecture, conjuncture, convulsion, criticality, crossroads, cruciality, crux, dilemma, emergency, exigency, impasse, juncture, panic, paroxysm, pass, peril, pinch, predicament, seizure, trauma, trial, trouble.
unemployment at around 5%, steady growth,....i have to agree with you, the only crisis is media hype
I absolutely agree.
In fact, a few months ago I was called at work by a writer for a paper here (she had my contact info thanks to writing an article about my coalition group years ago when I was president) asking my opinion about the economy.
She reeled off the standard wisdom that we’re in a recession and things are bad. She wanted my take on that opinion.
I said it was nonsense, and asked her to think herself and ask others if they REALLY even know any 2nd-hand people who have lost jobs (any kind) or had to demote their living quarters or their “lifestyles” to get by in this allegedly horrible recession.
I said I knew of no-one who had such circumstances, and neither have I seen any changes just passing by local towns and such. Nothing that would indicate to me anything is really “bad”.
I hear about the crisis. I read about the crisis. But I dont see the crisis.
You won’t hear about a financial crisis after they put in Obamma in office. The MSM will declare a sudden recovery as if by a miracle and declare our economy is better than it has been in years, thanks to Obama and the brilliant Democratic leftist party.
I remember when the stock market fell in 1987, the media made it sound like we were going to see the bodies of CEO's flying out of their office windows. Folks were horrified that the Japanese were buying up real estate all over the country and were worried that Japan was going to clean our clocks, economically. We began to recover from that, only to see a real estate downturn in the early 90's that saw values fall almost as much, in proportion, as they've fallen this time. By the mid 90's those losses had been recovered, and values were up more than 50% over the 1988 prices. There was another small real estate downturn in the late 90's, then it began surging again.
I guess the financial media has to have something to write about, and taking dramatic license seems to be the norm for what passes for journalism nowadays.