22 January 2008
Cry wolf, and let slip the dogs of news
While looking through some old papers I was reading about the recession fears of 1948. There were ads in the paper telling people not to turn the thermostat up in January because there wasn't enough heating oil. There was also a steel crisis, which worried analysts. Imagine anyone worrying about a steel crisis today. In any case, The Republic struggled through and came out the other side. Now? We're not even in a recession, but you'd think the morning sun was about to be blotted out by the rain of money managers hurling themselves out windows. Of course the news is bad. The news is always bad. Even the good news is bad, eventually. If they cured cancer tomorrow it would take a day before analysts worried about the impact on Medicare, what with people living so damned long and all.
This is the inevitable result of decades of "We gotta do something." If the government insists on a "stimulus" package, I recommend this: peel off several billion dollars and give it to the purveyors of news, on the condition that they go away for the next decade. The effect on the national psyche, and by extension on its wallet, will be remarkably beneficial and without remarks, even.Posted at 12:24 PM to Almost Yogurt , Dyssynergy