Monday, August 16, 2010
Media Distractions Escalate as Depression Intensifies
Media talking heads won't shut up about the mosque that's being built near ground zero in New York City. Should the Muslims be building a mosque near the location of the September 11th attacks in New York? Frankly, I don't care. I'm more concerned about rising unemployment, foreclosures rising and the inevitable slowdown this fall. Last month, the number of homes being repossessed increased by 9%.
I think Muslims have a right to build a mosque anywhere they want. I would be more offended if they build a federal building near ground zero, but that's a different blog.
What's important is the loss of jobs. The contraction of small businesses means that the local and state tax revenue will dry up, causing more cut backs. The decrease in small businesses means that many hope of a recovery is as dead as Danny Trejo in "From Dusk Till Dawn."
The media can play all the games they want. The writing is on the wall. The economy is toasted.