That's it; we're REALLY all a bunch of whiners

[Indigo Blue]

So says consumer psychologist Kit Yarrow...


'Nation of Whiners' Could Have Credence
Expert: Consumers Are Too Emotional, Media Exaggerates 'Catastrophes'
By KATE SNOW and LEE FERRAN
July 13, 2008

This week, former Sen. Phil Gramm, R-Texas, economic adviser to Sen. John McCain, R-Ariz., gave an interesting persepective on the nation's economic concerns by calling the U.S. a "nation of whiners."

While the comment ruffled feathers across the nation and prompted swift condemnation from presumptive presidential candidates Sen. Barack Obama, D-Ill., and McCain, according to consumer psychologist Kit Yarrow, Gramm was on to something.

"I think the way consumers feel about things is very emotional," Yarrow told "Good Morning America" today. "Those emotions are trumping reality, creating a snowball, which makes the economy worse. It's not as bad as consumers feel like it is."

Yarrow, who is also the Russell T. Sharpe Professor of Business at Golden Gate University, says that lack of consumer confidence has been caused by an negative overreaction to recent economic trends.

"We've had great prosperity for the last few years," Yarrow said. "We had very cheap gas. We've had a lot of increase in our home values. We've had it really pretty good as the stock market increases. Emotion is always caused by this mismatch between what we perceive and reality. It's really emotion, the psychology, that's contributing to our economy right now in a negative way."

More bs @ http://abcnews.go.com/GMA/story?id=5365939&page=1

[ixion]

1. who you gonna believe...me? or your lying eyes

:eyes:

[Indigo Blue]

5. Oh, come on. We've been diagnosed by the great... what was his name?

:sarcasm:

[NC_Nurse]

2. Not all of us had that all that...

once again, it's those who BENEFITTED from Bush policies that are suddenly whining...
there are plenty of us who were noticing this problem a long time ago. The writing was ON the wall.
Many people lost their jobs and have been struggling for years....not people that
"consumer psychologist Kit Yarrow" knew apparently, but so what? Some of us are not part of the group of "whiners"
they are talking about.

[baby_mouse]

Consumer PSYCHOLOGIST?

Oh get me on the COUCH, I have SHOPPING issues!

:wtf:

:rofl:

:crazy:

[Indigo Blue]

6. You like that, huh?

:rofl:

Should've been a SNL skit!

[Speck Tater]

3. Of course denial is the first stage of grief over the dying economy...

but institutionalized denial is something else again. Not only are the "elite" in denial, they are trying to legitimize their denial in an attempt to trump reality with positive thinking.

Good luck to them on that project.

I tend to agree with Matt Simmons on CNBC on the effects of the next big oil price spike "Then a week later, we'd be out of food." (at: http://youtube.com/watch?v=rkzETN8qfzw )

[colorado thinker]

4. So obviously a tool n/t