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April 5, 2009

Stewarts CNBC Takedown

This is ironic how the CEO's of all these companies are trying to cover up and convince the public that their company is doing fine and will be fine in the future. Basically the public is being lied to and it is hurting the public. The CEO's make it sound like everything is going to be alright, so do not worry if you have some connection to the company. Then you have Jim Cramer telling the public "buy buy buy," when stocks are low because you can make money in the future. Then these companies go under and the public is in a lost. Then you have home owners that went out recently got loans to buy a house and now are losing the house because they cannot afford the payments anymore. They public wants to know why their payments went up. Now it does not matter if you have perfect credit and a large down payment you are going to have a lot of trouble getting a loan for anything right now. Then you have the loan companies working with the public to work out payment plans for their mortgages. They companies will pretty much do anything to get you to be able to pay them some of the money because if they take your house they are losing money. They public needs to start reading the loan agreement know exactly what they are signing.
It is sad that it takes a Comedy Central show like the Daily Show with John Stewart to actually show the real side of the economy to the public. Most people are experiencing hard times due to the economy falling. The public does know what is going on. But to have someone actually sit down and research it and inform the public of something’s they may not know, and actually have evidence to back it up and support it. This is being done by a comedy television production, think that is a little ironic. This is pretty ridiculous. Yes, journals and news papers do not have the opportunity to put videos together to back up what their article is about but the still need to research the thing they are to be writing about. This is getting harder and harder because the companies are losing employees due to cut backs because news papers are becoming less useful and unnecessary. This is just becoming a vicious circle of things going downhill. The public needs to look farther into major choices in their life, like signing for loans.