Survey Proves Media Is Making This Worse

Many thanks to Brian Houp for this magnificent contribution.

A survey by the Opinion Research Group showed that nearly 80% of American’s feel that the media is culpable in the current economic recession.  A few month’s back I published a post where none other than John Stossel agreed with our assessment that the media is sensationalizing the economic situation.  Click HERE to revisit that post.

Although the article is short, it was best summed up by Richard Scheff of McCraken, Walker, & Rhoads, a Phili-based law firm:

“Although statements by the media are protected by the First Amendment, the survey results demonstrate that the public believes that the press bears some responsibility for the lack of confidence in the economy,” said Richard Scheff, vice chairman and partner with Philadelphia-based law firm Montgomery McCracken Walker & Rhoads, in a statement.

What this points to is this; if so many people agree that the media is blowing this out of proportion, then it is safe to say that things are not as bad as they seem.  It’s really simple logic, and what we’ve said here, and on other blogs like Eldon Mast’s  The Good News Economist. So as momentum builds in a positive direction for our economy, and against mainstream media for working against hard-working Americans, stayed tuned.  2009 is going to be a year for us to breathe a sigh of relief.

Read the full article HERE