I try not to read the MainStream Media too often. Honestly. But it’s like watching a train wreck – once it starts you just can’t turn your eyes away.
This recent story on NBC News suggests that because credit use is once again on the rise that the “recovery” continues, although at a slow rate.
Check it out:
U.S. consumer credit rose $18.12 billion, the biggest gain since May, following July’s revised $2.45 billion decline. Revolving credit, which mostly measures credit-card use, climbed $4.2 billion.Nonrevolving credit, which includes student and auto loans, rose $13.92 billion.
In other words people are going out and buying stuff they can’t afford and/or they’re out of work and they’re using credit just to get by. Neither one of these is good, but the media seems desperate to give everything a wonderful spin and I read in amazement what they write on a day to day basis.
There was also this recent story about the unemployment rate dropping t0 7.8%. Statistics are just numbers that can and are manipulated by the government in order to put the best spin on something. I won’t say they outright lie (ok, I will say it. They lie.)
That last story takes great pains to explain why the statistics are so confusing when it comes to job numbers. That numbers is so skewed now that the report is nearly useless. The only thing it does now is piss me off when I read it – and if the reader comments are any indicator the MSM really isn’t pulling the wool over too many eyes.
Here’s what I’d like to see: a little honesty. In the media. In politics. In advertising. In everything.
Maybe I’ll run for office on the next election cycle on the “Honesty Card.”
Here’s the opening line of my speech, “My fellow Americans. We are in deep financial shit right now, but with some serious hard work and cutting back spending in areas that we don’t need to be spending, we’ll get through it. You won’t like it. You’re going to have to do without. It’s going to be hard, but if everybody does their share we’ll get ‘er done.”
Of course I wouldn’t get a single vote. The American public has already shown that they are unwilling to give up anything that might make their lives easy, but at some point it’s going to be forced on us. It’s going to be shoved down our throats and those of us who are prepared will make it through ok. By prepared I don’t mean having extra stores of food and other stuff on hand, uh uh, I’m talking about those of us who are mentally prepared. If you’re mentally tough and ready to take on a challenge and you’re willing to do without then I’d say you’re going to weather whatever comes along just fine.
How about it?
Are you tough enough to handle it?