It has taken a non-Journalist to report a fact of modern life: Today’s T.V. Economic Reporters are in fact just Cable T.V. Media whores. Okay that’s unkind to prostitutes. I apologize. They are unrepentant corporate shills.
And to add irony to tragedy, it was The Daily Show’s Jon Stewart who blew the whistle!
That it was Stewart who broke the story should not come as a surprise, since a growing number of people get their news from this comedian turned social activist. What is shocking is that someone had to actually point out the obvious: Wall Street and the Stock Market ARE NOT WHAT WE SHOULD BE USING AS A GUIDE TO OUR ECONOMIC WELL BEING.
Wall Street is just one trading center in this vast United States and the Stock Market is a place where the greedy gamble other people’s money.
These are MARKET PLACES. It’s where prices go up and down depending on factors as fickle as the whiff of rumor. Herds of Wildabeasts are more stable.
If you don’t have your savings tied up in Stocks and junk bonds (and by now you shouldn’t or you’ve already lost your savings) then the daily gyrations of the “Stock Market” are about as relavent to you as Pork Belly futures.
The PANIC was brought on by the greedy cockroaches’s schemes suddenly exposed to public scrutiny. Their practices and crimes are the cause of the “Economic crisis” WE are paying for. The sooner we wake up to the facts that greed and criminal behavior are no substitute for prudent economic judgment, the sooner we will recover from this mess.
When we start to insist that Journalists replace Cable T.V. pundits reporting the major story of our times: The Economy, we will begin to see what we really need to do to quell the PANIC.
Perhaps then we will insist that Regulators regulate not participate. That Bankers learn it is better to GIVE than receive. And our American auto industry executives produce cars we might actually want to buy.
In the mean time, I know a lovely Bed and Breakfast where you can get a great deal (up to 50% off) , drink wonderful wine and make, mad passionate love until they all come to their senses.
