The sky is falling!

OK, I am getting sick of the news media lemmings misreporting our economic condition. We are not heading for a recession! A recession is a period of 6 moths of negative growth in the economy. Bernanke said yesterday that the economy is NOT facing a recession, but will face a period of slower growth over the next year. Shouldn't this be the lead story on all the networks? Did anyone notice the term "GROWTH." Slower GROWTH, not recession. Ben says that consumer spending will slow. THANKS GOODNESS, consumers have been spending like drunken congressmen! Just look at how little the gas prices have affected driving habits!! Check out this great LA Times article, it is one of the few that doesn't have to spin pessimism. Notice that its election time. Now the government is trying to remind us of the misinformation that only the president can help our financial lives. We all want to be able to have our $30,000 cars, (not that we actually own them, but we pay on them until we need another one, and pay on it, forever and ever, amen), our boats, our 1,000 inch flat panels, and max out our credit cards instead of paying for things. How about this- the markets are falling, so lets start investing!!! It's a blue light special, it's a clearance sale on stocks, not panic time! If we are in control over our finances, and have savings (gasp), we don't have to look to the government for our financial stability. Americans are a bunch of babies! The media feeds on this stuff, too. It is amazing how many news idiots are preaching doom and gloom, even in reference to Bernake's comments. Just watch the news tonight and see how often a pending recession is announced, even when he, and many other market analysts, realize the strength of our economic position. If you believe what's on the news, I have some great ocean front property here in Provo I'd love to sell you! I'm not a conspiracy theorist, but it sure seems like the major networks are in league with the markets in their push. Analysts have suggested that the Federal Reserve, Congress and the Bush administration are being goaded by markets to take economic-stimulus measures that may be costly, excessive and even unnecessary. Further evidence of our continuing desire to look to government to take care of us financially. If you are worried about the housing market, or Wall Street, or are looking to the next president to save you from your financial woes, how about look at yourself, for crying out loud. How many of us can afford over $600 dollars a year for a cell phone, nearly $1,000 a year for TV channels, thousands a year for NEW CAR SMELL instead of an affordable paid for used car, and tens of thousands a year for homes that are five times as big as the one we grew up in, not to mention huge SUV gas guzzlers, ATV's, Boats, DVRs, and constant gadget "upgrades", yet we still whine about why can't the government give me more tax breaks, why can the government hold my hand and enable my childish materialism. SUCK IT UP AND SELL THE BEAMER, MAN!!!! When did wealth and "Making it" take the form of a 6,000 square-foot home, cars we can't BUY but pay on all our lives, and having the APPEARANCE of wealth, yet not being able to breathe because every penny you make is going right back to the people you owe. Heaven forbid that something happens and your income drops, or you have an unexpected repair, what happens when the American Excess card is full? What ever happened to saving money, to paying for things we want, for not having to have it all NOW. Bush, gimme a tax break, gimme tax break! Grow up, America. Your savings accounts and debt should be a much bigger concern than what the Fed does. Take charge of your own lives and let the Government govern, not babysit and throw costly tax breaks at you. Come on! Here's to Dave Ramsey and his sanity which fed my rant, check out his site on my links.