Local and national news have a profound effect on the average viewer. They are the ones to tell us what is going on in the world or locally. Some people wake up to watching the news and watch it when they come home from work. Others read the newspapers or listen to the radio. Have you ever thought how much the media effects your decisions and thinking?
Our current financial situation did not happen over night. No, this started many years ago with the "bad" mortgages that were issued and many other things. The media did not cover that so heavily, if they did, I am sure most people would not have fallen for the bogus mortgages. Within the last year the media has been telling the American people that they are in big trouble and to conserve their money. So, naturally the people that were not effected directly with job loss and mortgage foreclosure began to hold their money tighter to their chest. They were not buying cars, remodeling their homes or purchasing a new home. They began to sell on their stocks and rethink their investments. They feared for their financial future, but at the same time they created more of the financial problem. How you ask?
Automotive companies began to see losses, the stock market began to plummet, the housing market is down and average retail stores are going bankrupt and closing their doors. As predicted, these companies employees lost their job, creating more unemployment. Just like the media predicted. The media disagrees in one thing, are we in a depression or recession. Personally, I think last year were in a recession. Thanks to the media and the talking heads we are now in a depression.
So, how can we change the course of our economically stressed system? If you are in a job that is secure, spend your money. That's right make sure others keep their job. Don't let the media scare you into changing your lifestyle. We need to revitalize our economy. If the government is not going to do it, we need to.