Isn’t it a bit funny that the bank meltdown last year happened in September/October? Isn’t it even funnier how that little fact never got correlated to the famous political tool called “October surprise” which is so often used in Presidential campaigns?
I am not saying that the Democrats fabricated the crisis but what happened is that they used it to win the elections. And far from being a harmless political tool, what they did actually increased the severity of the problem big time.
And of course, they were only successful in this endeavor because they had an immense amount of help from their most powerful ally: the Big Media.
I will not be surprised if that a few years from now we see some studies on how the panic instigated by the media was one of the major factors behind the severity of this recession.
Maybe one miscalculation the Media and the Democrats made in this whole thing was their power in reverting the damage they caused during the campaign with all the fear mongering. Maybe they thought that a “new message of Hope” would be enough to get people back on track.
At least until now, it looks like they were wrong. It will take a while to revert all the pessimism and lies about the end of the world they pushed down into the public’s mind. In one way or another, Obama will pay for it. Maybe that would still be a price they were willing to pay (don’t underestimate politics) but at least they might be punished enough to be a bit more careful next time.
Since no one seems to believe the Media anymore, it looks like some individuals are deciding to take issues on their own hands:
Ad campaign wants you to think positive during recession
“The name given to a billboard campaign urging Americans to worry less about the recession.”
If only people read this blog more often… 😉