Comments on: The media, the economy and you Where media and technology meet Wed, 16 Nov 2016 08:48:25 +0000 hourly 1 By: Robert MacMillan Thu, 02 Oct 2008 18:06:43 +0000 Tx Stephen – Will share this with colleagues here.

By: Stephen Thu, 02 Oct 2008 17:45:44 +0000 I thought the news media’s job was supposed to inform the public? Well, they are doing a really horrible job. As the markets have collapsed the media has begun to panic and not educate the public about what the politicians in Washington are doing. No one understands how this mess affects the average American. Now the media has turned to what Obama and McCain have up their sleeves to get us out of all these problems.
I was talking to someone who works at an investment company and he agreed that the media has been too alarmist and has not done enough to explain how we got to where we are today. I mean, we have seen many white-collar workers on Wall Street out of jobs, whole companies fail and everyone else is scared to death.
The media has been worried about how much McCain’s presence at the White House meetings affected the debate about the bailout bill. I guess that’s newsworthy. But if people don’t understand what happened to cause this problem it could happen again. Instead of screaming about how many points the Dow dropped today, explain what’s causing all the turmoil.
I would bet that most people don’t understand enough about the bailout to determine whether it is a good plan or not. I certainly don’t. That needs to be explored. The politicians can’t be trusted to explain it to us. Do you really want someone who is angling to get re-elected and is probably not an economist explaining this plan to you? No, you don’t.
I don’t think the media is too worried about the terrible economy at the moment. They’ve got something even better to dissect: A VP debate between the old guy from Delaware and the airhead from Alaska.