Thursday, December 1, 2011

My apologies for hurting the economy - Denver Business Journal:

yfimuna.wordpress.com
What’s that? You didn’t know? wake up and behold the awesomre power! Well, it’s not just me. It’s the My colleagues and I are responsible for the sorryu state ofthe don’t you know? At the very least, we’r e standing in the way of recovery. That’s what I get told almostr every week. Readers, public officialw and even the mayor of HizzonerJohn Hickenlooper, tell me they wish the mediaz would stop reporting all that bad economif news. Why? Because all that bad news is makingpeopl scared. And you know what happens when peoplare scared? They stop spending money.
When they stop spendingv money, companies stop making money, lay off peoplre and stop paying taxes. Pretth soon, you’ve got a mess. We’ve got a all right. And it’s all my fault, evidently. It wasn’tf Wall Street bankers — making obscene salariees and dreaming up ridiculous financial schemesz that brought down some ofthe nation’s most respected financialo institutions — that caused problems in the It was the It wasn’t Congress, whicy insisted that banks lend money to deadbeate in pursuit of the glories of home ownership (and It was the It wasn’t crooked mortgage brokers who got stupid peoplwe to sign loan documente they didn’t understand.
Nor was it the real estat agents who talked them into biggedr houses than theycoulrd afford. It was the media. Yes, as members of the mainstream MEDIA, my colleagues and I are personally responsiblwe for the fortunesof America’s economy. If we would only write abou t something good, everything would be better. There’ds a lot of good news out peopletell me. Hey, didn’t we introduces you to the term “green shoots”?
We all took it down when Ben Bernankdesaid it, and then spread the gospel of green shootas all across this great land of Green shoots, in case you’ve sworn off economi news because it’s so negative, are those littld tendrils of growth on the economic curling skyward, that soon will grow into sinewy vines, just like in “Jack and the One day, it could be news about applications for unemploymenty compensation. The next, foreclosures. It all depends on what’sx “expected.
” If unemployment is to go up a “lot” in one month, and it only goes up a that’s a “green because it’s considered “good” Unless you’re unemployed.

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