Chef Jim Posted March 9, 2009 Posted March 9, 2009 I wish the media with cut some slack. I was listening to a local radio progam up here in SF and they played a bit from the Today Show (or one of those lame morning shows) about a "tent city" in Sacramento. And the "reporter" was droning along on how bad thing were and all the homeless people along the river. She made it sound like Hooverville and I think she actually used the term. Well one of the radio hosts (don't know which one, I'm too new here to tell them apart) said he lived along that river ten years ago and said that tent city was there then too. Then a guy called in and said that the tent city was there at least 40 years ago when he was a kid and for all he knew it could of been there fifty, sixty years. Main reason I mention this here is that Buffalo got a mention by the radio hosts. They said one of the reasons Sacramento has so many homeless is that it has great weather for northern CA. The host said that you don't hear about these tent cities in Buffalo "because everyone would die."
BuffaloBill Posted March 9, 2009 Posted March 9, 2009 I wish the media with cut some slack. I was listening to a local radio progam up here in SF and they played a bit from the Today Show (or one of those lame morning shows) about a "tent city" in Sacramento. And the "reporter" was droning along on how bad thing were and all the homeless people along the river. She made it sound like Hooverville and I think she actually used the term. Well one of the radio hosts (don't know which one, I'm too new here to tell them apart) said he lived along that river ten years ago and said that tent city was there then too. Then a guy called in and said that the tent city was there at least 40 years ago when he was a kid and for all he knew it could of been there fifty, sixty years. Main reason I mention this here is that Buffalo got a mention by the radio hosts. They said one of the reasons Sacramento has so many homeless is that it has great weather for northern CA. The host said that you don't hear about these tent cities in Buffalo "because everyone would die." There is definately a "bandwagon" mentality among the media. Rather than reporting facts objectively they seem to want to come up with an idea and then hunt around for anecdotes to support it. Don't get me wrong, I understand the econimic situation is bad but to your point we are not about to write Grapes of Wrath II quite yet.
WVUFootball29 Posted March 9, 2009 Posted March 9, 2009 My question is...would the economy be nearly as bad without the media speculation looking at it like most TBDers look at Sunday afternoons (DOOOOOOOOOOMED)? Not saying that we wouldn't be in a recession, but how much have stocks dropped because the media is portraying so much negativity?
Beerball Posted March 9, 2009 Posted March 9, 2009 My question is...would the economy be nearly as bad without the media speculation looking at it like most TBDers look at Sunday afternoons (DOOOOOOOOOOMED)? Not saying that we wouldn't be in a recession, but how much have stocks dropped because the media is portraying so much negativity? I'm really really dum, but... What got us in this mess? 1. people living beyond their means B. financial instututions willing to allow people to live beyond their means What are they telling us will fix the problem? C. people need to spend more money 4. banks need to start lending more money
KD in CA Posted March 9, 2009 Posted March 9, 2009 I wish the media with cut some slack. I was listening to a local radio progam up here in SF and they played a bit from the Today Show (or one of those lame morning shows) about a "tent city" in Sacramento. And the "reporter" was droning along on how bad thing were and all the homeless people along the river. She made it sound like Hooverville and I think she actually used the term. Yup...I heard that too. There was the obligatory "haven't seen this since the Great Depression" from some ignorant "reporter" who apparently was still in diapers in 1982.
Joe Miner Posted March 9, 2009 Posted March 9, 2009 I wish the media with cut some slack. I was listening to a local radio progam up here in SF and they played a bit from the Today Show (or one of those lame morning shows) about a "tent city" in Sacramento. And the "reporter" was droning along on how bad thing were and all the homeless people along the river. She made it sound like Hooverville and I think she actually used the term. Well one of the radio hosts (don't know which one, I'm too new here to tell them apart) said he lived along that river ten years ago and said that tent city was there then too. Then a guy called in and said that the tent city was there at least 40 years ago when he was a kid and for all he knew it could of been there fifty, sixty years. Main reason I mention this here is that Buffalo got a mention by the radio hosts. They said one of the reasons Sacramento has so many homeless is that it has great weather for northern CA. The host said that you don't hear about these tent cities in Buffalo "because everyone would die." This it? http://www.msnbc.msn.com/id/21134540/vp/29593435#29593435
/dev/null Posted March 9, 2009 Posted March 9, 2009 The economy owes alot to the media who loves to run those kinds of stories: CNBC goes on the air in the 90s. Stock markets booming due to the DotCom bubble. CNBC tells everyone how great the economy is. Day traders watching CNBC pump more money into the DotCom's DotCom's start having trouble. CNBC reports the trouble. DotCom's go TU Housing market booms. CNBC tells everyone how great the economy is. Housing bubble starts bursting. Housing bubble turns into credit crunch Credit crunch leaves banks shaky. CNBC reports some banks are having problems Investors pull out of those banks. Banks get even shakier CNBC reports shaky bank may fail. Wall street panics Shaky bank fails Economy gets worse. CNBC tells us how bad things are. People are afraid CNBC reports we're all afraid President goes on TV to tell us how bad things are. People are afraid CNBC reports how bad things are. Cycle continues
Bullpen Posted March 9, 2009 Posted March 9, 2009 Simple solution..>do away with CNBC... And that loud-mouthed charlatan Jim Kramer!
Dan Posted March 9, 2009 Posted March 9, 2009 Simple solution..>do away with CNBC... Jon Stewart Eviscerates CNBC and Rick Santelli - March 4, 2009
DrDawkinstein Posted March 9, 2009 Posted March 9, 2009 Jon Stewart Eviscerates CNBC and Rick Santelli - March 4, 2009 lol at the traders booing people for taking bailout money.
Cugalabanza Posted March 9, 2009 Posted March 9, 2009 I understand there is a huge increase in people living in a van down by the river!
Wacka Posted March 9, 2009 Posted March 9, 2009 I wish the media with cut some slack. I was listening to a local radio progam up here in SF and they played a bit from the Today Show (or one of those lame morning shows) about a "tent city" in Sacramento. Armstrong and Getty on 910. I heard that today too. They are also simulcast on a TV station out of Santa Rosa.
Fan in San Diego Posted March 9, 2009 Posted March 9, 2009 The economy owes alot to the media who loves to run those kinds of stories: CNBC goes on the air in the 90s. Stock markets booming due to the DotCom bubble. CNBC tells everyone how great the economy is. Day traders watching CNBC pump more money into the DotCom's DotCom's start having trouble. CNBC reports the trouble. DotCom's go TU Housing market booms. CNBC tells everyone how great the economy is. Housing bubble starts bursting. Housing bubble turns into credit crunch Credit crunch leaves banks shaky. CNBC reports some banks are having problems Investors pull out of those banks. Banks get even shakier CNBC reports shaky bank may fail. Wall street panics Shaky bank fails Economy gets worse. CNBC tells us how bad things are. People are afraid CNBC reports we're all afraid President goes on TV to tell us how bad things are. People are afraid CNBC reports how bad things are. Cycle continues Lemmings, people are friggin lemmings with no sense. Sooooo, use the news to your advantage, buy low, sell high. It's easy.
Dr. Fong Posted March 9, 2009 Posted March 9, 2009 How bad is the economy? On my way home from work I passed a Thrift Store having a "Going out of business," sale.
dpbillsfan Posted March 10, 2009 Posted March 10, 2009 How bad is the economy? On my way home from work I passed a Thrift Store having a "Going out of business," sale. I had a guy tell me one time that he was so poor "he had to jerk off the dog to feed the cat."
Stussy109 Posted March 10, 2009 Posted March 10, 2009 My question is...would the economy be nearly as bad without the media speculation looking at it like most TBDers look at Sunday afternoons (DOOOOOOOOOOMED)? Not saying that we wouldn't be in a recession, but how much have stocks dropped because the media is portraying so much negativity? Buying opportunity for the smart!
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