Economic Irony Of The Day, Media Warns Of Recession Fears
 Tuesday, February 26th, 2008

This afternoon, Reuters published an article entitled, "Fear of U.S. recession could help drive one."  And, in the opening paragraph, "Fear among U.S. consumers and businesses that the world's richest economy could go into a recession, or may already be in one, could help push the economy over the edge and bring on an even deeper, longer downturn."  Is this just a journalist doing their job?  Or does putting this on the front page do more harm than good?

Analysis writer Joanne Morrison authored the article, chock-full of depressing words like "screeched," "standstill," "losses mounting," "gloomy."

Here's what we don't understand:  if the entire article is about how fears of an economic recession may turn the recession into a reality; why publish an article like that, that can do nothing but increase worries?  It's accompanied by a photo of a gray, miserable sky above the Federal Reserve building in Washington D.C.

Articles with this type of pessimistic air towards the United States economy surely don't soothe the doubts of citizens, business owners, stockholders, or investors.  And it's not of course, to blame Reuters - this article is far from being the only one of its kind.

The AP reported yesterday that "because of all of the bad news, more and more economists foresee the country falling into a recession, according to the latest survey by the National Association for Business Economics."

Let's reread that sentence:  Because of all of the bad news...

Well, this writer refuses to focus on the negative, because that is what is so obviously driving this downward spiral (accompanied, of course, by the money being spent in the war).

How can there be a pot at the end of the rainbow when no one will show us where the rainbow is?

Let's consider this instead:  We are upon one of the most monumental election seasons we will likely ever witness in our lifetime.  Whoever gets elected has the chance to turn this country's direction around.  And, just to throw my typical two cents in (into my own two cents), if Ron Paul gets elected, we can restore the value of the dollar by backing it with a gold standard.

We're inching out from underneath the corporate thumbs.  More and more journalists are becoming bloggers, and the popularity and notoriety of bloggers is bringing in a new wave of news and advertisers, as well as becoming small businesses in and of themselves.  While giant national corporation's stocks may be going down here or there, companies are also taking note of smaller ventures that may be well worth investing in.

We're raising awareness.  True, we may be worried about the economy, but for every American citizen that fears for the future of U.S. businesses, that is one more American that may stop and consider where their toys, their clothes, their TVs are coming from.  And to them we say:  Buy it made in the USA!

The U.S. will not cease to be influential.  For one thing, we have Hollywood, which does quite the job of influencing the entire world, especially now in this tabloid era.  While there are obviously bad things that go along with this, that we often point out - it also means America is still setting fashion trends, producing international movies, becoming UN ambassadors, giving live interviews fed from sea to shining sea, and greatly contributing to many charities that benefit the US.  Hollywood is notorious for black tie fundraisers - a lot of which we've seen lately - and they get attention all over the world.

It goes all the way up the line to our military, the best of the best, who just shot a dead spy satellite out of the air in one shot.

And our doctors, who are finding new ways to fight and prevent cancer every single day.

Economically depressed states like Louisiana, and Ohio, are getting daily coverage that highlights the issues that need to be addressed here, because of the presidential race.  For every problem America is having, we have that many economists and analysts trying to diagnose and repair.

While there are obvious problems in the housing market, the middle and lower class, and the health care industry, looking down instead of looking up will not repair.  It will reep.


Feel patriotic today.

UPDATE:  The author of the Reuters article was kind enough to contact us with further insight into her reporting, just click here for the follow-up entry.

Comments > >