Originally Posted by WormChancellor

What really irritates me is how much the recession/depression is being inflamed by both Ben Bernanke (Fed Reserve Chairman) and the media. In my opinion, the country's economic situation would be greatly improved if they would just stop talking.

I mean, to hear them tell it, the US economy is in a freefall spiral to utter destruction in a fiery, gory Hell. The smallest downturn or DOW loss is hyped to the point of insanity. Granted, the economy is going through a slump, but such things are only worsened by uncontrolled emotion.

Every depression in our nation's history, from the Panic of 1819 to the Great Depression, started with a small problem that was subsequently blown entirely out of proportion, resulting in massive sales/defaults and a severe economic crisis. There's a reason that the words "Panic" and "Depression" are synonymous in economic history.