"It's a vicious cycle," Crawford said. "Americans need to see a significant decrease in unemployment to feel confident in the economic recovery, but companies are waiting to see increased demand for their products and services before they begin hiring and making job-creating capital expenditures."
Argh. No. The slow economy is not a lack of confidence. There is still a solvency crisis in the banking sector, and there is still a depression in the housing market.
But hey! Maybe what we need is a series of "It Gets Better" videos for the economy. We could have Paul Krugman do one, Elizabeth Warren, Ben Bernanke...
I'd rather have CNBC sound glum than ignore all bad news and pick up the media pom-poms again. A lack of journalistic integrity was a big factor that got us into this mess.
Sure. But they're only sounding particularly glum now that the stock markets are back in a funk. Not at all unhappy when the markets were on a tear, while the only tear for the bottom 90% was the sound of ass raping.
Comments 12
Argh. No. The slow economy is not a lack of confidence. There is still a solvency crisis in the banking sector, and there is still a depression in the housing market.
Reply
Reply
But hey! Maybe what we need is a series of "It Gets Better" videos for the economy. We could have Paul Krugman do one, Elizabeth Warren, Ben Bernanke...
Reply
Reply
Reply
Reply
Reply
Reply
Reply
"Welcome to Wal-Maaaaaart."
"Would you like fries with thaaaaaat?"
"Paper or plaaaaaaaastic?"
Yes, they were silent. Now, though, as you point out it sounds more like:
"What do you mean Microsoft is down 10% from last quaaaaaaaarter?"
Reply
Leave a comment