Hello Media? You're not helping!

"OTTAWA - Canadians have plunged into a "psychology of recession" that could further damage the economy, says the Conference Board after its latest survey found consumer confidence skidding to the lowest level in 26 years."

Hmm....do you think the fact that every news channel and paper has been nothing but doom and gloom for the past month or two has anything to do with this?

I love that later in the article they sneak in:

"While the jobless rise in 2009 will hurt, it's still a far cry from the last two recessions, however. Unemployment hit 13 per cent in the 1980-81 decline, when industrial North America - mainly the steel and auto sectors - went through a painful restructuring.

In the early 1990s the recession hurt real estate and retail sectors and pushed the jobless rate to 10 per cent."

I'd love to see the economy bounce back but I'd also love to see some responsible journalism....or is that about as real as Santa Claus?

**Update** In another gloomy article I found this gem "RBC has revised its GDP forecast to 2.1% for next year, down from a previous estimate of 3%."

2.1% GROWTH....yes, that's still economic growth that their predicting here in Alberta!