Puleeze! Washington Post, Would You Stop Blaming ME For The Recession?

[marmar]

from OurFuture.org:



Puleeze! Washington Post, Would You Stop Blaming ME For The Recession?
By Chris Collins

August 3, 2009 - 1:21pm ET

--------------------------------------------------------------------------------

It was Saturday morning and I had just returned from yoga class and a few minutes shopping at the local farmers market. I poured myself a cup of coffee, picked up the newspaper and went to sit on my back porch to enjoy a few more minutes of relaxation before I started in on the day’s chores.

I took a sip of coffee, opened the Washington Post, and totally lost my hard earned karma! The headline read: “Economy Turning Out of Steep Dive: Slow to Spend Again, Consumers Could Be Holding up the Recovery” (emphasis added).

Excuse me? I thought consumer spending WAS the problem! For months, we’ve been told that we were the ones who overextended ourselves, failed to read the fine print in our mortgage documents and home equity loans, bought LCD TV’s when we should have saved, etc….

And just when we’ve started to learn our lesson and cut back on our spending, we’re supposed to spend more and take on more debt? ..............(more)

The complete piece is at: http://www.ourfuture.org/blog-entry/2009083203/puleeze-washington-post-would-you-stop-blaming-me-recession

[rusty charly]

1. They're obviously still in a

Bush Era mindset.

[elleng]

2. Yes, and they've hired more.

(WaPo, that is.)

[Odin2005]

3. WTF is with that BS? It's not like we have bottomless pockets full of cash.

:banghead:

[6000eliot]

4. I heard that 70% of our economy is dependent upon consumer spending.

Isn't that too much? I think we need to adjust to consuming less.

[ejpoeta]

6. that's because we don't make anything anymore. most manufacturing has gone

out of the country. so all we seem to have left is consumerism.

[ejpoeta]

5. well, what do you expect when instead of an economy that sustains itself from

making things we become one that just pushes paper around.... we take out loans and buy crap and pay on our debt for 40 years.... that's the economy in a nutshell. and when we don't buy things on credit, then the economy goes bad. it's a hell of a way to run an economy. i may not be the biggest fan of suze orman, but i give her credit for telling people they need to worry about their own finances and not helping the economy. amen.

[Ex Lurker]

7. journalists are idiots. When you lower your expectations accordingly,

things like this don't bother you as much. And, since I know there are journalists who read DU, including most likely some at the WaPo--when I say idiots, yeah, I'm talking about you.