ABC News Profiles Pessimism Porn
CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Sunday, April 12, 2009
About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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5 Comments:
A quick glance at any of the economic news put out by ABC during the entirety of The Bush administration would reveal that they were, in fact, one of the largest purveyors of "Pessimism Porn".
At a time when economic conditions matched or exceeded those of the Clinton administration, which the media insisted was a "golden age", the MSM ran story after story about how terrible things were.
So, what's changed? Economic conditions have deteriorated substantially over the last 6 to 9 months. Why the mocking tone? After all, they spent the last 8 years telling us how terrible America is, shoudn't they be offering these guys jobs?
Optimists always win in the long run.
Realistic optimist-I know I will die but there may be an afterlife.
optimistic realist-There may be an afterlife but I know I will die first.
Hahah. Listen to the condescension just dripping off that greasy, supercilious fool.
Now Schiff and Celente predicted this crisis almost perfectly, so they're the butt of jokes.
Should that make you MORE confident, or LESS confident?
Hope springs eternal in the minds of the deluded masses.
Are we talking about this ever questionable, rarely believable Dan Harris?
What a colossal ass.
And what is up with the camera? Do modern TV camera's not have functioning view finders? Do they think that moving the camera around and not centering on the subject is artsy? Guess what? It's just annoying (almost as annoying as his commentary).
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