Does the media only exacerbate the 'credit crunch' and recessions ?

Question

Sensationalised newspaper stories and tv news stories seem to exagerate the situation which causes the public to react.

Answer 1

It almost certainly does, but then the media helped to cause the problem in the first place by making it seem acceptable to get wildly unaffordable mortgages and acquire second properties as "investments".  Anyone with half a brain could have predicted a crash, but the media pretended rising house prices were a good thing.  Now they are going the opposite way and acting like the world is going to end.  It won't.

Answer 2

No they do not make the news sound or read worse than it is

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The news reporter has to dramatize the situation to enhance the public attention to the situation

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The real problem is going to be when it is no longer needed to emphasize the story because it is real

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In all its disaster consaquenses

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Answer 3

Yes they do, the problem occurs when a not so important story is blown out of proportion, others take it on board and exaggerate it and it then takes on 'a life of it's own'.

Then people start to believe that things are worse than they really are.

Nothing travels faster than bad news.

Answer 4

The media reports what they believe we should hear. We know the financial problems we are experiencing and the media are inclined to make us feel even more desperate.

Answer 5

i agree. although i realise there is a credit crunch, the media is making the situation worse by hyping it up all the time, often creating more of a story than what is warrented, esp considering there are other issues going on.

bbc is especially guilty of this.

Answer 6

trouble is the situation is here and now. Its not hype or over sensationalism - it's fact and people need to be aware of it. Unfortunatley its people who write the sun and the mirror who don't tell the people who read these rags the real facts.

If you had a headline ( do you know how much you spent last weekend) and then people worked it out, everyone who is on the bread line who bought cigs, beer and went out, had bbq's etc etc etc would be flabbergasted. But would it make them think and tighten their belts, no probably not because these people can't go without booze, cigs and petrol etc. Or more to the point they won't. So their families and houses suffer, they get into greater debt as they borrow more and then suddenly their credit is taken from them and bang, their broke with nothing to bail them out, no saviings no credit cards nothing.

They then struggle to make ends meet but still by cigs etc rather than cutting right back and paying the rent or mortgage.

The debt deepens and they try to forget about it, but they do catch up with you in the end ( i know - i tried running ) even if it takes 10 years.

So as far as the question is concerned if people actually litened and read in depth the problem, maybe just maybe we could avoid a repeat of the conservative recession of the 80s

Answer 7

No I think it's the powers that be which says I am sending u some money go out and spend and this will help our nation to recovery