I didn't say anything about burying our head in the sand; I'm saying that the lead story on every - EVERY - news show doesn't have to be how shitty the economic news is. That's not news. We all know it's shitty. Move on.
My problem with continuing to reinforce this "lesson" is that they're lessons we've already learned and CHOSE to ignore in favor of greed. EVERYONE knows that's a path to trouble, and it deterred the offenders not. So what the fuck. The way to fix this problem is to have reliable people doing their goddamned job, and people with oversight of THEM doing their job reliably, and people watching THEM. It didn't happen, and now it's over. Let's MOVE ON already.
This shit is making me sound more liberal every damned day!
I would love to fully agree that yes, everyone gets it. That everyone has already learned and chose to ignore in favor of greed.
But I can just look at the microcosm of this board and make a list of half a dozen people who still don't understand what caused this crisis or have a basiscunderstanding of just how severe it actually is or, MOST IMPORTANT what the future can look like with the various options. And, contrary to some of my snarkier comments I think most on this board are pretty damned smart and SHOULD have the intelligence to understand the reasons and ramifications.
At my class conference call last week we discussed the media's responsibility in the past couple of years. You folks know MY view about talking heads and folks that make money from churn. Well, most of the group are either producers or executive producers at the major networks or news publications. MOST don't like my view but nobody disagreed with it [that annoying proof thing]. We discussed just how long they pushed the "booming economy" when independent economists were saying otherwise. Several of the producers admitted they would not book those guys because they were "downers" and advertisers would bitch whenever they were on.
Let me repeat that. When an Economist would come on a financial program and suggest future calamity advertisers would call the network and bitch and threaten to pull advertising.
Now that there is cat is out of the bag and all the financial groups are washed in blood the more realistic newscasts no longer get threatening calls. The deeply discounted ads are just not worth that much to the networks so the threats are moot.
Media is, whether right or wrong trying now to finally inform and brace folks for what is to come. Wifie, who expects to be on the next IBM layoff list has the same comments about CNN and Fox's "what to do if you are laid off" reports. Her main thought is "USE NANCY GRACE AS AN OBJECT LESSON!!!"
Soon enough they will move to the next level. All the quarterlys are in and there are no big reports or MAJOR legislation for any Stimulus packages on the near horizon. Media has a notoriously short attention span.