Here's an interesting column about the current state of our economy.
I'm one of those in the 75% bracket of the public that think the economy is in bad shape. It wouldn't be a stretch for me to say it's in very bad shape. Apparently that would put me in the same opinion league with none other than Alan Greenspan.
The author of this article acknowledges the current state of the economy but says that compared to the last hundred years of economic history it really isn't that bad. I find that very interesting because to me it's at least comparable to the oil shortage economies of the seventies, etc.
Anyway, he says something else is going on; namely a pessimism about both our economy and our political system that isn't in relation to the depth of the problem. And that pessimism is eroding our confidence in ourselves and creating a negative viewpoint of us globally. Essentially he pleads for us to keep our perspective.
I think he's got a point. I believe we've become a nation of pessimists about ourselves and the American economic and political system. But I think it's at least partially due to the constant pounding of negative news by the media, especially the television media. In many ways Ted Turner's innovation with twenty four hour news is starting to blow back in our faces and it's smacking us pretty good.
I'm glad I read his column. We are Americans and we need to remember we can do anything that we decide we want to do. That's the American spirit. No other country possesses it. We need to remember that.
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"In many ways Ted Turner's innovation with twenty four hour news is starting to blow back in our faces and it's smacking us pretty good."
I think you nailed it right there Lewis.
I remember oil shortage economies of the seventies too and, I remember that my parents, relatives, and their friends who had lived through the depression and rationing during WW2; they didn't let it eat their sack lunch. Perhaps, going through hard times and also witnessing the recovery gives a different perspective.
Posted by: Pribek at May 15, 2008 5:06:54 PM
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