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Chuck Gould wrote:
On Jan 30, 8:47 am, HK wrote: Chuck Gould wrote: On Jan 30, 6:42�am, "JimH" wrote: Gee, I wonder why ABC, NBC, CBS, CNN and CNBC are trying their hardest to make sure we dump into a recession. � Bad news outsells good news. Some might think, "They're trying to throw the election to the D's!" I disagree. They just want to create enough uncertainty in the market that more folks will tune in every day to "see how bad things are getting", thereby increasing ratings and creating some justification for raising ad rates. Also, the companies that survive economic downturn often do so by *increasing* their advertising, particularly for consumer goods. You can't be serious. Either that, or you are totally disconnected from the harsh reality facing many millions of your fellow citizens who are jobless, homeless, losing their homes, health-insurance-less, and without much hope for the future. How are social services doing in Seattle these days? Still pretty miserable for those in need?- Hide quoted text - - Show quoted text - About 1-2% of the homes in the US are in, or at risk of, foreclosure. Yet it's headline news in every paper and the subject of "specials" on radio and TV. In some of the worst hit communities, the number is as high as 5%, meaning that 950 out of every 1000 households in those worst hit communities have no reason to fear losing their home to the bank or mortgage company. The health insurance issue has nothing to do with economic cycling. We have had a broken health services delivery model in the country for at least 30 years. We have had booms and busts along the way, despite the fact that our health insurance system is designed first to make corporations wealthy, and only then to see about making people well. There are somewhere between 30 and 40 million Americans living in poverty. Sleep tight. |
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