Posted by Tina
If youve ever wondered what people are so upset about when they complain about the main stream media have I got a story for you! The following is a comparison that perfectly illustrates the way the media tries to manipulate the attitude and mood of the country. (It also reflects the differences between current generations and those that came before usthey were survivors, with grit and a finely honed sense of personal responsibility for the future.)
I encourage you to read the full storyits a hoot!
The Economy Isn’t Hopeless; It’s The Press, by Dan Gainor
As the stock market reeled from the Bear Stearns collapse back in March, ABC News asked: Is the “economy heading over a cliff?” Journalists made it seem so, calling the American financial system everything from “bleak” to in a “meltdown.” ** ABC, CBS and NBC made comparisons to America’s worst economic turmoil the Great Depression more than 40 times in the first four months of 2008. ** Compare that with how the New York Times summed up its own market outlook in an Oct. 30, 1929, story after billions of dollars were lost in record trading. “Despite the drastic decline, sentiment in Wall Street last night was more cheerful than it has been on any day since the torrent of selling got under way,” wrote the paper. ** Words like “optimism” and “hope” shouted off the pages of major newspapers. The Oct. 31, 1929, Times described the devastating six-day decline: “The market quickly regained its poise and stability.” * The same day, the Washington Post discussed “the passing of the crisis.” ** The difference between how the media handled a crisis in 1929 and 2008 was astounding. Network news was four times more negative about the Bear Stearns buyout than major newspapers were about the 1929 crash, which many historians link to the beginning of the Depression.
Is it any wonder people today tune out?