Friday, June 05, 2009

Keep it real

By Creature

I understand the desire to report on the silver lining side of things when it comes to the economy. Yes, it seems we are no longer at the edge of a cliff, however (and especially since it was rosy talk that contributed to the cliff sneaking up on people in the first place) it's important to remember that unemployment is still at record levels (new layoffs are down, but new jobs are nonexistent), the foreclosure mess still has major legs, and the banks are still basically insolvent (no matter how the try to hide behind their accounting tricks). So, while optimism has its place, realism should rule and I'd like to see more of it from a media that lives to gloss over and parrot the company line.

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