We've all heard the definition of a recession: " Two consecutive quarters of negative growth". We haven't had that yet. Last month, the economy actually grew. And here in the DC area, the Greater Washington Board of Trade is predicting 3% growth for the next 5 years. Yet consumer confidence is in the tank. Why? Because there is such a thing as a "mental recession", and I daresay we in the media are partly to blame. When all we hear is bad news -- we eventually start believing the bad news -- and then we start behaving like the sky is falling. If you think it's bad here... do a little research in to the high cost of living in entitlement and tax heavy European countries. Unemployment is still at historic lows. That's no comfort to people out of work right now (and i've been right there with them) but, change is hard. I believe our economy is going through a fundamental shift... and, just like building muscle, you have to break down the fibers to make it stronger.
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drerunner
Jul 14, 2008 | 12:11 AM |
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myresponse
Jul 14, 2008 | 4:29 AM |
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beagle_buddy
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DCtune1
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caffeinated-cow
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GrandmaM
Jul 14, 2008 | 10:43 AM |
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DCtune1
Jul 14, 2008 | 10:58 AM |
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DCtune1
Jul 14, 2008 | 10:59 AM |
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beagle_buddy
Jul 14, 2008 | 11:23 AM |
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beagle_buddy
Jul 14, 2008 | 11:25 AM |
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AveMaria22
Jul 14, 2008 | 11:55 AM |
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GrandmaM
Jul 14, 2008 | 12:31 PM |
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Honest1inVA
Jul 14, 2008 | 3:23 PM |
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caffeinated-cow
Jul 14, 2008 | 3:44 PM |
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Honest1inVA
Jul 14, 2008 | 3:53 PM |
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AveMaria22
Jul 14, 2008 | 8:17 PM |
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BigSmooov
Jul 15, 2008 | 9:32 AM |
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GrandmaM
Jul 15, 2008 | 9:42 AM |
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caffeinated-cow
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caffeinated-cow
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I'm Melanie Alnwick. I've been with Fox-5 since 1999, and I've worked just about every shift in the building! You may have seen me reporting for Fox-5 News at 10, filling in on the anchor desk morning, noon, night or weekends, and bringing you Investigative reports. Currently I anchor "Fox Morning News Sunday" and bring you our Money reports. I'm looking forward to sharing thoughts & ideas with you -- about our news, our newsroom... and our busy lives. See you on Sundays -- 8 to 9 am!
Member Since: 10/26/2006