25 November 2008

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Can I just point out that the financial "crisis" that Reagan inherited from Carter was - much - worse than the one we're in now?

I'm not saying that nobody's hurting, but everyone is making SUCH a big deal about all of this "economic turmoil" and how Obama has such a huge job ahead of him, etc.

I'm not even criticizing Obama. I'm just saying that it really frustrates me how much the media does have the ability to shape people's perceptions. Right now I see a mostly left-leaning media making a big deal out of a financial situation that, in the grand scheme of even this country's short history, is not as bad as others we've weathered - but since it's a Democrat going into office with the chance to fix things it's made out to be the most spectacular mess that anyone could imagine, that we're all going to be saved from when he rides in on his wings of glory.

Also, I heard some numbers that I want to check myself. But apparently during Bush's term, 9 million jobs were created. The stock market went higher than ever, and when it initially "crashed" - and the media made a big deal about the number of points lost - it wasn't a significant percentage loss, at all. I think it's entirely possible that the media could have contributed to the current situation - or at least people's perceptions, which is all that economy really is - by making that initial drop seem much worse than it was.

I hate drama queens, and I think that that's all the media is doing right now...making a lot of hype and fuss. It's annoying.

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