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Author Topic: If the US economy falls into recession or depression  (Read 514 times)

Offline Curval

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If the US economy falls into recession or depression
« on: July 22, 2002, 08:39:00 AM »
blame the friggin media......

Worldcom declares bankruptcy?  Actually this is a voluntary reorganisation under Chapter 11...not a fully fledged bankruptcy.  But...bankruptcy makes better headlines.
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Offline Mathman

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If the US economy falls into recession or depression
« Reply #1 on: July 22, 2002, 08:46:15 AM »
There is one difference between a healthy economy and one that isn't, at least IMO.  That is public perception/confidence.  Make everyone feel good, they will spend their money and things go good.  Scare the piss out fo them, they hold their money like a little kid that has to take a leak and is doing the pee pee dance.
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Offline Curval

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If the US economy falls into recession or depression
« Reply #2 on: July 22, 2002, 08:53:27 AM »
Quote
Originally posted by Mathman
There is one difference between a healthy economy and one that isn't, at least IMO.  That is public perception/confidence.  Make everyone feel good, they will spend their money and things go good.  Scare the piss out fo them, they hold their money like a little kid that has to take a leak and is doing the pee pee dance.


Exactly my point....the media is scareing the piss out of the public by putting up that kind of headline and erroding the public's confidence in the economy.
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Offline MrBill

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If the US economy falls into recession or depression
« Reply #3 on: July 22, 2002, 09:07:59 AM »
Now here is something that everyone CAN blame on a president ... the ability to make Americas "feel" good about America.
Those that can, (Ike,Kenedy,Ragen etc.) no matter what they do in any other political arenas, allow the public to keep on keeping on. And no matter what the media shouts things are good.
Those who do not have this ability, always lead to unpleasantness in the general welfare and no amount of media trumpets can quell the rout.
Just my opinion, I could be wrong. ;)
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Offline popeye

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If the US economy falls into recession or depression
« Reply #4 on: July 22, 2002, 01:40:50 PM »
For some reason, the current administration can't convince the public that they are the right people to get tough on corporate thieves.  Go figure....
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Offline Hangtime

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If the US economy falls into recession or depression
« Reply #5 on: July 22, 2002, 01:49:05 PM »
LOL..

If Kurt Tank was an economist, he'd be in the Bush Administration.
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Offline Pei

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If the US economy falls into recession or depression
« Reply #6 on: July 22, 2002, 02:07:01 PM »
Kurt Tank invented economists, bankruptcy and money.
So blame him.
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Offline midnight Target

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If the US economy falls into recession or depression
« Reply #7 on: July 22, 2002, 02:41:06 PM »
Quote
Originally posted by MrBill
Now here is something that everyone CAN blame on a president ... the ability to make Americas "feel" good about America.
Those that can, (Ike,Kenedy,Ragen etc.) no matter what they do in any other political arenas, allow the public to keep on keeping on.


I guess you left out Bill Clinton by mistake?
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Offline Eagler

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Re: If the US economy falls into recession or depression
« Reply #8 on: July 22, 2002, 03:17:26 PM »
Quote
Originally posted by Curval
blame the friggin media......

Worldcom declares bankruptcy?  Actually this is a voluntary reorganisation under Chapter 11...not a fully fledged bankruptcy.  But...bankruptcy makes better headlines.


Nov 2002

which party benefits most from a poor economy then?

which party has the media historically been their "pal" with?

the bigger the media scare, the better for the lefties. notice none of the talking heads are giving timelines "when" this corporate corruption took place - under whose watch??
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Offline KG45

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If the US economy falls into recession or depression
« Reply #9 on: July 22, 2002, 03:21:41 PM »
nope, a tanking economy couldn't be the fault of incompetent management or crooked corporate greed-heads, running companies into the ground, and laying off large numbers of workers...

it couldn't be the fault of the present adminstration that pushed through an large tax cut they said was necessary 'cause the said the economy was tanking...


blame it on the media, (that would be the 'liberal media', right?)
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Offline Hangtime

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If the US economy falls into recession or depression
« Reply #10 on: July 22, 2002, 03:23:25 PM »
what??? is the price of a blow job goin up again?
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Offline majic

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If the US economy falls into recession or depression
« Reply #11 on: July 22, 2002, 03:26:56 PM »
What does the tax cut have to do with it?  Oh yeah, you want to blame Bush cause you don't like him, so it must be all his fault.
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Offline Eagler

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If the US economy falls into recession or depression
« Reply #12 on: July 22, 2002, 03:38:14 PM »
Quote
Originally posted by KG45
it couldn't be the fault of the present adminstration that pushed through an large tax cut they said was necessary 'cause the said the economy was tanking...


LOL , ur joking right
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Offline KG45

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If the US economy falls into recession or depression
« Reply #13 on: July 22, 2002, 04:01:56 PM »
hmmm, that part was badly worded.

don't need the media to talk down the economy.  ol' dubya told us we needed that tax cut cause are economy was sucking, so much that we needed a $600 loan.

didn't help of course.

another bush prez,  another recession.

glad i gots my money in my mattress.

and no i don't like dubya. but the title of this thread suggests that the media is responisble for a tanking economy for reporting bad news.

sorry, but the bad news is already here.  
« Last Edit: July 22, 2002, 04:09:33 PM by KG45 »
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Offline popeye

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If the US economy falls into recession or depression
« Reply #14 on: July 22, 2002, 04:04:59 PM »
I give Wall Street a big share of the blame for our current situation.  Investors sent a messsage that they (we) would risk our money on any company that might be the Next Big Thing.  Didn't matter whether that company had a product, profits, or reasonalbe cost/earnings.   Nobody wanted to miss the next Xerox.  So, hungry investors pushed up the price of ridiculously overpriced stocks, and expected those prices to keep on going up forever.  Companies that wanted to attract investors' money saw that they had to "grow" as fast as Amazon.com, so they did so by acquiring whatever was for sale.  Their real profits didn't grow, but the bottom line got bigger.  When they ran out of companies to buy, they invented new accounting tricks to keep the illusion alive.   A lot of CEOs got rich on the inflated stocks, but they were just along for the ride.

Investor's greed fueled the boom, now the bubble has burst, and those same investors are looking for someone to blame.
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