The Economy & The Media

I know there are some people who like to blame the media for everything. But it seems blaming the media for the ailing economy is both dangerous and misguided.

I know there are some people who like to blame the media for everything. But it seems blaming the media for the ailing economy is both dangerous and misguided.

I read, watch and listen with great interest, both locally and nationally, to people who believe the media is responsible for the "doom and gloom" of the economy. They believe the focus on the economy just makes people not want to spend money.

Let's take a look at some of what we know to be fact, not opinion. North Carolina's unemployment rate is the highest since 1983, the country lost 2.6 million jobs last year and is forecast to lose another 2-million this year, auto sales are the worst they have been in 26 years, banks are failing and need bailouts, there are record foreclosures, and the retail industry lost over 60,000 jobs in January.

Are those who want to blame the media for the economic woes suggesting that if the media ignored what's going on consumer confidence would magically be restored and the economy would turn around? Economists might call that logic misguided. The so-called "shoot the messenger" theory is also dangerous.

It is the job of the news media to report what's going on, both good and bad. Unfortunately, when it comes to the economy, there hasn't been a lot of good lately. (If you know of good economic news, by all means, post it here.) By ignoring the problem, we also put off solutions.

Make no mistake. We all want the economy to turn around. A good economy is also good for our business. But the current thinking by some when it comes to the economy and the media reminds me of a saying I've often heard before...keep burying your head in the sand and eventually you'll suffocate.

 

 

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  • by Buzz Location: mill Creek on Feb 11, 2009 at 05:34 PM
    This is probably way late, but while no actual WMD were found there was an article in USA Today or one of those type papers 5 or 6 months back that stated we (the US) had just remove something like a train load of dirty uranium from Iraq. So there was Stock piles of weapons there. This was never highlighted by the media. I had a link for the article but can no longer find it. Buzz-
  • by VBush Location: MHCY on Feb 9, 2009 at 09:19 PM
    If you are one of those that maintains that there were no WMDs, I am not going to address that. There are no facts on that either way. There is only finger pointing and theory. It is a fact that we did not locate any appreciable stock piles. I believe they were removed before we arrived. I don't actually care anyway. I think we did a good thing by going in there so the WMDs don't matter to me. I do believe that everyone in Congress at the time, (on both sides) believed they were there including Bush 43. I do not think he lied. But like I said, it makes no difference to me. The citizens of Iraq were being abused, tortured, and murdered and we did a great thing in saving them from a brutal dictator. WMDs be damned. Sadam was evil and needed to go. Evil is bad and I have no problem helping out any country that can't help itself to remove a sadistic criminal. We are on the right side of this.
  • by VBush Location: MHCY on Feb 9, 2009 at 07:54 PM
    To what FACTS do you refer?
  • by Mr. Common Sense Location: Greenville on Feb 9, 2009 at 06:41 PM
    You mean you can't refute the facts!
  • by VBush Location: MHCY on Feb 9, 2009 at 06:34 PM
    I rest my case.
  • by Mr. Common Sense Location: Greenville on Feb 9, 2009 at 06:29 PM
    Wow. Some people have really been drinking the conservative Kool-Aid. Fact: The U.S. went to war in Iraq based on our own flawed intelligence. Everyone has acknowledged that. To continue to deny that is an unwillingness to believe that which does not follow your personal philosophy. Heck, the entire Bush Administration even admitted to an intelligence breakdown. The other country that had that flawed intelligence was Britain. Where do you think they got it? No other country even had a dog in this fight. As far as pointing out when Liberals were right...you won't find me doing that unless there were facts to back it up. Nothing comes to mind.
  • by VBush Location: MHCY on Feb 9, 2009 at 06:06 PM
    Mr. Common Sense; Unapologetic Conservative. Exactly! You are right about one thing, I don't give a damn what the rest of the world thinks most of the time. I wish our politicians spent less time worrying about that as well. Had I been President I doubt very seriously I would have waited for the blessing of the feckless United Nations to act on anything. Conservatives are not always right, apparently you haven't read much of what I write or you would already know that. What IS always right is the conservative way of thinking when actually put into practice. The last 8 years is not an example of that. As far as the liberals go, I can't think of a time when they were right, but if you can point one out, I will concede. If you actually have common sense you would not allege that the intelligence agencies of the free world are simply parroting our intelligence gathering. If you are actually asserting that, then there isn't much point in continuing this if you actually have common sense.
  • by Mr. Common Sense Location: Greenville on Feb 9, 2009 at 05:55 PM
    Gator...Let me get this right. You bash the media for reporting on bad things going on in the economy and now you bash the media claiming it did not report on bad things going on in the economy, saying this would have been averted if people would have been informed. First of all, your logic contradicts your own beliefs. Second, how did you learn of the bad loans? The media! Just because the media reports on something doesn't mean people are paying attention.
  • by Mr. Common Sense Location: Greenville on Feb 9, 2009 at 05:36 PM
    VBush...you just hit the nail on the head. Unapologetic Conservative. I don't care if you would have said unapologetic liberal or unapologetic Libertarian. The point is, when people only look at an issue from their own philisophical point of view that is all they will ever see. Conservatives are never always right, liberals are never always right, libertarians are never always right. Common sense is always right. Try it. Oh, as far as WMD intelligence...where do you think any other country got that intelligence? From the U.S. Plus, Conservatives never care what the world thinks so why would you care what they havd to say about WMD's in Iraq? Talking points VBush, talking points.
  • by Gator Location: NC on Feb 9, 2009 at 05:22 PM
    If the media is so concerned about the economy, why did they not report about the loans being given to people who could not afford them. May be this all would have been averted if the people would have been informed. There you go Dave.
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