Monday, July 6, 2009

Money & Business

Capital Commerce

Media to America: Disaster Seen as Catastrophe Looms

June 23, 2008 10:52 AM ET | James Pethokoukis | Permanent Link | Print

"I know you're just a reporter, but you used to be a person, right?" is a quote from the film Deep Impact and immediately came to mind after I read this article from the Associated Press. (It actually took two people to write it.) The "article" made me weep for my chosen profession. The absolutely disgraceful lead:

Is everything spinning out of control? Midwestern levees are bursting. Polar bears are adrift. Gas prices are skyrocketing. Home values are abysmal. Air fares, college tuition and health care border on unaffordable. Wars without end rage in Iraq, Afghanistan and against terrorism. Horatio Alger, twist in your grave. The can-do, bootstrap approach embedded in the American psyche is under assault. Eroding it is a dour powerlessness that is chipping away at the country's sturdy conviction that destiny can be commanded with sheer courage and perseverance.

I dunno, maybe contributing to our low national morale are media that 1) compare a weak economy—although one that has yet to suffer even a single negative quarter—to the disastrous economies of the 1930s and 1970s; 2) forget to mention that the average person buying a home in, say, January 2000, is still sitting on a 66 percent gain; 3) ignore the economy's sky-high productivity, which helps make it the most competitive in the world; 4) ignore a global economic boom that is pushing up gas prices but also raising hundreds of millions of people out of poverty; and 5) for the heck of it, perpetuate the myth that college is unaffordable. (Oh, and since the authors of the article brought it up, it sure looks to this Soviet politics major that Iraq is turning into a situation for al Qaeda that is exactly the reverse of Afghanistan in the 1980s: Militants take on superpower. Get annihilated along with their global brand.)

America's "can-do" attitude? We are coming off a record year for initial public offerings. I mean, I could go on and on here. I don't know anyone who is giving up, other than the AP.

Tags: media | Associated Press

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Reader Comments

Feel a bit stupid now?

Bet you and your few commenters feel a bit sheepish now? Your rose colored glassed have probably crashed to the floor given the current state of the economy. Thinking happy thoughts doesn't make them true...

Even die-hard brain dead repuublicans thinking happy thoughts doesn't make them true.

See you at the bread line in a few months

Cheers

Bravo!

I couldn't agree with you more. The elitist lefties in the media are out of control, and their ratings/circulation are showing that most people aren't buying what they're selling.

They do have a motive, though. They are attempting to portray things as so bad in hopes of getting their candidate (spelled O-B-A-M-A) elected.

As with most things, don't believe the hype and do your homework. You'll find, that while we have some major issues to resolve, things aren't nearly as dire as they would have you believe.

I know

It finally came to me. This was mistakenly printed in the wrong magazine. It was supposed to be the submission to William Faulkner contest for worst prose of the year.

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About the Capital Commerce Blog

Send an E-mail to mbandyk@usnews.com.

U.S. News business reporter Matthew Bandyk examines the issues, people, and debates that shape the nexus of political and economic life in the nation's capital. Reach him by email at mbandyk@usnews.com.

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