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Saturday, March 14, 2009 12:00 AM

Can Obama take credit for market's good week?

There are risks to suggesting the worst may be over before it really is.

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  • Friday, March 13, 2009 11:06 PM

    Can the media take the blame for fostering fear?

    On the right, Obama is doing too much and turning the USA into a socialist paradise. On the left, Obama is doing too little and blowing his big chance.

    On both sides, doom, gloom, disaster, lies and self-propelling prophecy.

    Hope sold for a while, but Fear sells more soap in the long run.

    The untold truth is, the stock market is just like Bernie Madoff's Ponzi scheme, but with more participants. Obama isn't going to admit that, not for a while anyway.

    He isn't talking about real change yet; military and "homeland" expenditures are still a massive percentage of the latest budget.

    For years to come, we will spend much more in this country on hurting people than helping them. I seriously doubt that this is going to "change" anytime soon, even though that is the change we really need.

    Blathering bloggers have nothing on Watergate / Vietnam era "real" journalism, which fostered substantive changes in American society.

    Hyperbloviating is a shortcoming of the media on both the left and the right: NYT, Salon & NPR as much as WSJ, Fox & CNBC.

    There were very good reasons for mentioning freedom of the press in the First Amendment of the Bill of Rights, but we've little possibility of seeing significant responsible journalism thrive again in this country.

    The Fox is in the henhouse running the presses now, along with his friend the Peacock; meanwhile the people are sheep.

    The internet is not going to save journalism, because fearmongering and controversy generate many more click-throughs than sensible, moderate reporting.

    Freedom of the press is great, but where is responsibility of the press?

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