We need objective economists
"We should be talking up our situation."
And thats not irresponsible?
mf
So get a panel with McWiliams, Dr Dan, Jim Power etc and have a debate. My issue is with doom and gloom merchants who seem to get aroused at the thought of a recession. We should be talking up our situation.
Of course a large part of the problem is that the powers that be don’t really have that much power. We can’t control world markets, interest rates etc, so we should be trying to keep ourselves as lean as possible so that we can react to change as it happens.The powers that be have to learn how to manage the economy instead of just banking on taking in more money than they haemorrhage out.
The media has every right to talk the economy in whatever direction it wishes, if the economy is sound it will be water off a ducks back.
And yes we really are a greedy bunch.
David McWilliams does not own a property, have a garden, drive a car, eat food or live in a country. You may not like what he has to say but you’d be very foolish not to take at least some of it on board. The media has every right to talk the economy in whatever direction it wishes, if the economy is sound it will be water off a ducks back.
Then it is legitimate to accuse 'The Media' of treason and gross irresponsibility. I've seen it all before...the pseudo-intellectuals rage while people do well for themselves and they sit in their ivory towers musing on the state of the nation. And then they secretly delight as those who choose to create wealth struggle in tougher times. We CAN stave off economic difficulty by being positive. Take that holiday, buy that house, buy that car. But saying 'Ah Jaysus, we're all goosed...better pull the horns in' will bring about what we most fear.
Sadly, Dan, Austin and all the other vested interests get a totally disproportionate amount of airtime and print space. quote]
I agree and find it amusing that people are saying the media is talking down the economy cos if they are they only started.
I only really listen to Dan and Autin for a giggle - same with EA's.
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