I can’t put into words how destructive it is to America for the major media to proclaim and exaggerate loudly the current situation with the mortgage problems and specifically Fanny Mae and Freddie Mac.
The media and the DemPols have put unreasonable fear into every American who owns securities, which is the majority now. It is the kind of gut-wrenching fear that breeds panic and causes runs on the banks, panic stock selling, and pulling in spending and investing which only worsens the problems. After all the hand-wringing, predictions of Armageddon last week, the stock market ended up almost where it started the week. Our economy is still basically sound with high productivity, a strengthening dollar, and low unemployment, yet, in a recent poll, 65 percent of Americans believe we are heading into a deep depression. The media is responsible for this atmosphere of gloom. The media has tremendous, unrestrained propaganda power with its constant access to the public and, unfortunately for America, uses it irresponsibly. For starters, the media is overwhelmingly liberal, a condition that explains its biased interpretation of every story it covers. Secondarily, the media has always treated bad news as the only real news; good news does not titillate, if it bleeds, it leads, death and destruction gets attention, and attracting readers and listeners is the only real concern. This attention to bad news is more pronounced than in times past because of a giant shift in our popular culture – the need for fast, sound-bite gratification. Back when the public trusted and relied upon the media for unvarnished facts about what was happening in the world, media companies were strictly news-driven; now the media is entertainment driven because readers won’t buy newspapers unless the entertainment is there.
One Guy's Opinion on the Political Scene By: Jim Herndon
