MickeyD said:Was it last Thursday or Friday that Bernanke said that the signs of an improving economy were misleading because of many of the chronically unemployed are not being counted. They just stopped looking for work.
This isn't the forum for us to get carried away with discussion of the economy. We did get to this point because the status of the economy over the next few years may well influence status-quo in the media world, or rampant change in the media world.
I don't think of Bernanke as a PRIMARY weather vane for us as consumers. His audience tends to be what in the current heated rhetoric of our nation might be called Wall Street or The One Percent. As the head of the Federal Reserve he sits upon The Bully Pulpit and he has to say things that will give encouragement and reprimands to the people who have their hands on the control levers of the Free Enterprise System. He is preaching a sermon to the people who can and must get things done that as part of government, he is not supposed to get done and we don't want him to have the power to get done. He has to measure carefully every word he says in public.
You and I can and should listen to what he says, but we have to keep in mind.... he may be from time to time including some verbiage that in basketball they call "trash talk".
I call to your attention that some of the "talking heads" on cable news and talk are observing that the Republican Presidential Campaign issues are changing because the economy is changing. Granted, that is primarily with the liberal talking heads. It is their explanation why the birth control issue became such a flash-point last week. "If we can't defeat Obama because of a bad economy, let's go after him as an enemy of the church." (More trash-talk from both sides!)
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MickeyD Let's see said:I've put in a number of hours behind the steering wheel of an old green John Deere meditating on what the grown-ups meanst with this cows and cabbage issue. A head of cabbage is much larger than most vegetables. Large enough to challenge the angle and size of an open mouth of the cow. And the cow has no hands, no opposable thumb to hold the cabbage still like we would in eating an apple. Farm folks of 50 years ago, and even further back when the term apparently originated, did not have the kind of education in many cases to cause them to discuss the philosophical issues that puzzled city folks, so they dealt with what they observed where they lived.
I have no first-hand experience with milk produced by cows who enjoyed the luxury of cabbage. Feeding them the left-over pulp from a citrus juice plant is noticeable. But the one delicacy that every country boy who ever had to roll out of bed at 5 A.M. to help milk the cows before going to school can describe in living color is the Bitter Weed. When you drive through farm country where pastures still exist, a crop of bitter weeds looks so nice. Something you might actually put on a picture calendar. But you don't ever, ever, ever want the milk from the cows in that pasture. I've never taken quinine but from the descriptions of what it tastes like, I get this mental picture of Bitter Weeds in the pasture on a sunny day.
Has all of this got anything to do with the future of radio? Maybe only in a mind like mine. Radio as we know it is built on the idea that people are all simple dots, bars and lines on a graph put together by some audience survey organization. And it has been the best tool, maybe the only tool, that the industry has to work with.
In my cynical moments I get the idea that the entire media industry assumes every kid in America grows up eating pop-tarts or the equivalent for breakfast, and goes to a concert every night, and has the mental capacity that would result from such a lifestyle. What does the guy want to hear that works in a warehouse in Ohio but grew up in Coal Country in Kentucky or West Virginia.What does the lady want to hear who grew up "on the wrong side of the tracks" in Macon, GA and today has an MBA and works in the field of Business Process Improvement. What about the preacher's kid who worked as a Forest Ranger for 20 years and has now settled down in Denver to work in an office and raise a family. The world is full of people with these crazy-quilt backgrounds that my mind just can't see fitting into the radio audience today.... no matter how good or how bad the economy becomes over the next two or three years.