Comments on: "The Media's Fault." AGAIN????

By: Soupy

Soupy — Mon, 03 Nov 2008 14:01:40 +0000

From now on call us Union Socialist America.

By: Richard

Richard — Sat, 01 Nov 2008 01:59:39 +0000

The only thing I blame the media for is the lack of substantial investigative reporting on how the real esate buble was growing and why it was so easy to get loans. Why didn’t anyone report of the politicians that were overseeing Freddie and Fannie taking loads ofcash from them? Where was the reports on politicians threatening banks with more regulation unless they provide loans to those that couldn’t pay for them? Where was the same media when these same politicians pressured these banks to count welfare and unemployment as income for loans or pressured Freddie and Fannie to buy so much of these crap loans?

By: Alan Winsor

Alan Winsor — Fri, 31 Oct 2008 21:37:56 +0000

Liz,
From what I see, the spark that lit the fuze that started all this, was when Congress passed and President Bush signed, the bill that allowed/or ordered credit card companies to require higher minimum payments applied to the principle to force credit cards holders pay their debt off faster.
All this did was double monthly payments on budgets straining to pay their minimum payment in the first place. And the credit crunch slowly snowballed from there.
Bottom Line, all of the finance problems going on now is the result of governmental people deciding for me, what is good for me and mine. And the rest they say is history.
Pews. Bush has done well protecting the U.S. from additional attacks from our enemies. But what we didn’t need was protection from ourselves.

By: chuck

chuck — Thu, 30 Oct 2008 13:00:55 +0000

Liz this had better make your day. Seriously…
last night I was watching Wallstreet in Crisis on CNBC. Toward the end of the special with Larry Kudlow and Michelle Caberara; Michelle made my night. When Obama Economic Know it all Gene Sperling said some things negetive about Jack Welch,Michelle hit back on the “moving target” numbers of 250,00 and 150,000 estimate gaffe of Biden’s. She didn’t let him off the hook. Sperling did the same song and dance answer. But she didn’t let up on the hard questioning. It made my night.

By: B Scott

B Scott — Thu, 30 Oct 2008 03:21:59 +0000

I was going to go into great lengths to describe why I think that the “mainstream media”is as much to blame as wall street,or the politicians,but I won,t.I have decided that the true villain is Joe the Plumber, better known as the average American.

By: Tammy

Tammy — Thu, 30 Oct 2008 01:35:32 +0000

The media’s responsibility is to report the unbiased truth (facts) in all situations, whether we want to hear it or not. It is unethical for them to mislead the American public by withholding the facts. The media has the power to generate fear of crisis or to sway voters one direction or another based upon rhetoric (not facts). Shall we blame them? Not if they’re telling the truth. If they’re dishonest or withholding information? A resounding “YES!”.

By: Rep

Rep — Wed, 29 Oct 2008 19:55:41 +0000

The media didn’t CAUSE the current financial mess, but it IS making things worse by sensationalizing and continuously beating the drum of (bad) news, infalting the emotion/fear component of the overall economic malaise.

By: richard connally

richard connally — Wed, 29 Oct 2008 19:40:57 +0000

No question that the media has exacerbated the financial situation we have here today. The mainstream media has only two missions. Those missions are to build ratings and to push a political agenda. Most of the media leans way left. Fox does the opposite, probably mainly to build ratings. The media builds ratings by sensationalising, exaggerating and just plain lying about every story it features. Accuracy, perspective and the truth are casualties. The mainstream media has been trumpeting the cause of the recession and the sub prime mess for at least two years. It is sensational and it hurts the party that controls the White House and that furthers their political agenda. No matter that the dimocrat party is the main culprit in the sub prime mess and that that the President in the long run can impact the “economy” only slightly.

By: Jonathan Scott

Jonathan Scott — Wed, 29 Oct 2008 19:17:45 +0000

The media only intensified the problem they did`nt start it.
If you constantly tell people how terrible the economy is they
start holding back on purchases and guess what happens..the economy
really starts to slide.

By: Amber

Amber — Wed, 29 Oct 2008 17:18:05 +0000

By no means do I think think the media was at fault for starting the whole economic crisis, but they are playing a major part in causing an increased sense of panic and fear on Main Street. A perfect example is that I had heard about the 900 point DJIA gain last night, and this morning I went to CNN.com to find out what caused the surge, and there was nothing on the main page. Where as I can remember just a few weeks ago when it fell by less than half that amount and it was FRONT PAGE news. Are the American people really only interested in reading news that is negative?