Biz Listener said:
It's not all that much different from a local sports talk show. Back when I lived in Pittsburgh and listened to Myron Cope's sports talk show, I loved it when he'd make fun of the "Cleve Brownies", or demonize Al Davis's Oakland Raiders for being the scum of the earth. There's no way that would offend any Steeler fan, and there were precious few people listening to Myron who weren't Steeler fans.
I assume we have gone about as far as we can go with this take on the topic without arousing the "Editor Gods" of this discussion space. My parting observations would be this:
What is the ultimate catastrophe of "Sports Talkers Gone Wild"? Maybe a fist-fight at a sports bar? Maybe bad blood between a team ownership and the fans resulting in a move like the Colts from Baltimore to Indianapolis and the team going from Cleveland to Baltimore. And civilization moves on.
So a financial talk show reports erroneous information on a publicly traded company and the stock price goes breserk for a while.... or at worst the company goes bankrupt. (Been there, Done that, (twice) but I am still alive and have all might toes and fingers.) It did not give me post stress disorder.
Those who deal in topics like Dr. Phil and Oprah and Dear Abbey have to be a bit careful.... bad advice could aggravate someone into a preventable suicide.
But political talk radio of the ilk we have been discussing has much greater possibilities. We are in the middle of a serious nation financial stress because too many congressmen and senators were afraid to vote for regulations of the banking and mortgage industry because talk radio might have hung them out to dry in the next election cycle.
If my company goes bankrupt because of some talk radio guys, I can probably find another job. Which, as I pointed out earlier, I have done twice. But if my country goes from being the largest economy in the world to being the 17th econmy in the world, I will not look forward to telling my grandchildren stories of the good old days when we enjoyed the fruits of free enterprise and captialism.... and explaining to them we lost it the same way we lost our football team... because we didn't rein in the talking heads.
Would the executive branch and the congress have taken a different approach on dealing with Iraq if the listeners of talk radio had not given them warm and fuzzy feelings of support about the possibility of going to war? Try to tell the families of those who have died in Iraq that the political talk radio is just like sports talk. Starting a war is about the equal of moving a pro football team.
On that happy thought, I bow out of this thread. Will the last one out of the room turn out the lights, please.