Thursday, July 24, 2008

THESE ARE (STILL) THE GOOD OLD DAYS

Jeff Jacoby
The Boston Globe
Wednesday, July 23, 2008
http://www.boston.com/bostonglobe/editorial_opinion/oped/articles/2008/07/23/cheer_up___these_are_the_good_old_days/



Are you anxious? Dejected? Fearful? Why wouldn't you be, considering the barrage of rotten news assaulting you from every direction?



"Everything seemingly is spinning out of control," moaned the apocalyptic headline on a recent Associated Press dispatch. "Midwestern levees are bursting. Polar bears are adrift. Gas prices are skyrocketing. Home values are abysmal. Airfares, college tuition, and healthcare border on unaffordable . . . Americans need do no more than check the weather, look in their wallets, or turn on the news for their daily reality check on a world gone haywire."



Thanks in part to journalism of that caliber, consumers are more apprehensive than they have been in decades. Consumer confidence is at a 16-year low, while according to an ABC News-Washington Post poll, more Americans than ever, 84 percent, think the country is headed in the wrong direction. The New York Times devoted one-fourth of Saturday's front page to illustrating ways in which the economy is mired in "A Slowdown With Trouble at Every Turn" -- and continued the gloom for a full page inside. And here is the rest of it.

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