Failure of Media/Analysts to seIe the writing on the wall

I am so upset with Brian Lehrer in his broadcast today (look at the segment HERE).
Forget about the fact that I waited patiently on hold for over 38 minutes before he chose to not go to any listeners.

His question? How will we know when we are on the road to recovery.

His guests? Dean Baker, co-director of the Center for Economic and Policy Research; Nariman Behravesh, chief economist at financial analysis and forecasting firm IHS Global Insight and author of Spin Free Economics; and Marisa Di Natale, senior economist at Moody’s Economy.com

Let's just say I was underwhelmed. At one point Dean Baker told Brian that the recession would stop this year(unemployment would take to the end of the year to level off...).

Of course, in his scenario, he presumes that everything on wall street will be 100% rosy.

This kills me.

3 years ago I started this blog because I predicted this economic crisis.
2 years ago I started coming up with ideas to prevent and minimize the problems with this 'depression 2.0'.
Since last year, I have been looking for an audience (I have a life, I can't post this everywhere...)


And among others, I forward posts from this blog to people at my home NPR station, WNYC in NY.

Where the response to my posts have been less then stellar. Either I am 'automagically' moved to their spam box, or the fact that I have no professional background in economics disqualify me from having valid opinions on this subject.

But the fact remains.

My predictions have been validated (even by real economists, and even Presidents.)
My predictions for saving the nation (based on the original 'new-deal') will change and improve our entire country.
My (personal) batting average for 'long term prognosticating' (or being a 'visionary').. is pretty good (see here on the blog).

So why am I still upset?

Even today, these so called experts keep feeding us lies. Everything will be OK. The economy will recover immediately.

I wish I could say I was just paranoid. It's more than that. You'll see in 6 months, that the consumer debt made into CDO's (see here: ) are going to cause VERY very bad pain.

Societial Breakdown -- The GOVERNMENT has FAILED

Our Society has broken down.

Institutions that were established during the 1930's that were meant to protect our society have been repealed, gutted, or simply ignored.

There was a REASON that among the institutions that President Roosevelt regulated were BANKING , Investment houses , Industry as well as the MEDIA (TV,Radio and Newspapers).

The Glass-Steagall Act which limited bank ownership is gone.

The Federal Communications Commission (FCC), which regulated media ownership has been gutted.

The Securities Exchange Commission (SEC) has consistently ignored corporate malfeasance and greed.

Media deregulation, removing the station ownership limits, the demise of the fairness doctrine and newspaper-TV crossownership have caused nothing but an escalation of the media consolidation of our country to the point of today, where five or six huge corporations control everything we read (books, magazines, newspapers), or everything we watch or listen to on Radio, and Television.

Gone is Diversity. Gone are fresh ideas. Gone is the ability to have valid views or independent reporting.