Re: It was obvious
yes but the media has this habit of creating self fulfilling prophecies.
In fact you can argue that it is our own fault that it isn't improving, but one thing, cutting back on public spending wouldn't effect NET GDP unless we borrow more money to pay for it or increase taxes further
Spending is down, costs are high, its a catch 22, what you cant have is a government spending money to get out of it, because they don't have any of their own money, it only adds to debt or comes from us both are bad for the country.
We personally could spend more money to help the situation but that's made harder because costs are high. Usually recovery is a slow process and increases as confidence increases
The media however can change public opinions in a heart beat, if people go around saying its not getting better then it wont, If the media jump up and down about a anything without consideration it can make things a lot worse. We should all be optimistic and we should always try convince the city of this optimism, to do otherwise would be stupid
Im all up for freedom of speech and all that but more and more recently im finding myself questioning the practices of media outlets to suite them selves and to hell with anything else.
But that's another debate!