Wednesday, November 26, 2008

Is Mass Media Giving Support to the Recession?

It is scaring to listen or read the News regarding the recession we are just living. The News are doubling the consequences of the recession. Although they keep us informed what is going on, they are making to lose our confidence in spending, which is one the main factors that leads us to the recession.
For a perfect economy we should increase the spending, and the economy would out of recession. What it has been happening as stated before, our confidence on spending has been lost, and small Texans businesses have started to shut down, even big stores. As workers get laid off or have their wages cut, household income decline. Thus, reduction in investment spending implies a reduction in household incomes. The way to get recession out is get someone to spend more on goods and services.
I think News should "hide" a little bit of the recession we are living and restore step by step our confidence.

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