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 ...
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.
The msm wasted no opportunity to throw around the “D-word” so that the GOP was again the party of Hoover. CNBC was pronouncing this economy the worst since 1930 for eighteen months before the banks began to tank.
The best justice would be that the newspapers and TV stations would go out of business because of the sour economy they promoted during the Bush years.
I think food is going to be the most valued currency, can’t eat gold!
But I like the way you think!
What? The public not buying the media hype? This is great. More proof that the media has done nothing but lower their standards and now gets less respect. This is the same media that blasted Republicans a few years ago for "talking down the economy." Remember that?
That would be a good start.
NYT (et al) Headlines the day after inauguration:
I don’t think the recent spending has anything to do with it. For one, there is a lag between government action and the impact it has on the economy. All the craziness began in October. I don’t think you’re going to see the impact of the jump in spending for another several months.
But more importantly, the numbers I cited (.3%) were based only on data thru the end of September. Economic statistics for the fourth quarter are not out yet.
The economy was dropping long before October. It fell off a cliff in October. The #s for Q2 & Q3 were propped up by the $300 billion in rebates ONLY or -.3% would be a lot worse. What makes you think spending is going to increase as unemployment continues to soar in Q1/Q2 and housing prices are going to drop for at least another 3 years (Have you seen the Option A/Alt A reset chart?) and the debt bubble continues to unwind AND people save/pay down debt.
They talk about stimulus, coming recovery in the new year, bottoms in the stock market and housing, etc.. It’s all a lie.
Stimulus? You mean, more borrow and spend policies like we have seen the past few several years?
Bottom in the stock market? When we hit 500 in the S&P or 6,000 for the DOW give me call.
Bail out the banks so they will resume lending or else? Well, “we put money in but they are not lending” they cry.
We need to bail out the auto companies!-So they can continue to sell cars that people don’t need at a big loss.
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