Economist vs Media

I heard this week that the economist have finally confirmed what every working American already knew, the United States is in a major recession. Wow I am really glad they cleared that up for all of us. And not only that but we have been in this recession since last December. Wow you know go to any major city street corner and ask the homeless if we are in a recession and how long we have been in a recession, I bet they don't need a 4 year degree to figure that out.
My degree is not in economics or business for that matter, I am just a Registered Nurse. Let me tell you perhaps I should be heading the economy team.

The major auto manufactures in America should have long ago stopped production on their vehicles that were not living up to economic expectations. Have you noticed the more money that goes to bank bailouts the more money the auto industry requests. And the CEO's act like it is just an inconvenience to fly commercial first class. Poor babies. Now everyone is shocked that a CEO is going to only receive $1 salary for the next year, poor baby once again. I wonder if they have any idea how many assembly line workers could be hired for what 1 CEO earns in a year.

Stretch mortgages out so people can pay their own bills, stop sending all our jobs overseas, pull in all those multi million dollar salaries CEO's are collecting, if the auto industry needs money fine then give them a loan at the same interest rate college students pay on student loans. Why should the auto industry get "free" money when the youth of our future have to pay such high rates to get an education to clean up the messes these overpaid, self centered upper management officers created through their own greed.

And tell the media to stop pumping fear into the public by constantly telling us how bad everything is, we know how bad it is we are living it. All the media is doing is fueling the fire, and causing more fear.