As I’ve gone about my business this week, I’ve been somewhat disturbed by what I saw on Memorial Day when I sat down for the first time in years and watched the CBS Evening News. Most days I’m still at the office when that comes on. <\/p>\n
Earlier that day I had seen in the Wall Street Journal that the mood of the country was turning pessimistic. This seemed to jive with the tone of the phone calls I have been getting and with the mood of the people who come in to see me. So I was curious to say the least when CBS presented a piece about how things were getting all better and consumer confidence was on the rise. The scene they presented was Atlantic City, which if I recall correctly is located in New Jersey. Several merchants were interviewed along with a few customers, and they were all upbeat and optimistic. In part this was because of the drop in gasoline prices. <\/p>\n
No mention here of how the reason for the gas price drop – again what I see in the Wall Street Journal – is that the world economy is apparently on the edge of some sort of collapse or depression, Exhibit A being Greece. <\/p>\n
I noted with interest on Tuesday morning a report from the AP indicating new consumer confidence numbers showing the biggest drop in months. And today I can’t help but notice that the unemployment rate – which had gone down some because of the large number of people giving up on looking for work – just went up this morning.<\/p>\n
So what’s the deal with CBS News? I felt a bit insulted to be expected to buy that item about how everybody is confident that things are getting better. I used to love Walter Cronkite. He told us the way it was. Can’t help but feel disappointed with what I saw from his previous employer on Monday.<\/p>\n","protected":false},"excerpt":{"rendered":"
As I’ve gone about my business this week, I’ve been somewhat disturbed by what I saw on Memorial Day when I sat down for the first time in years and watched the CBS Evening News. Most days I’m still at the office when that comes on. Earlier that day I had seen in the Wall … <\/p>\n