Since Friday night, I've noticed a change in tone in the news. It's subtle, but it's there. Here are a few examples:
Ron Insana (CNBC Analyst) talking on the Friday nightly news (I think), was asked if part of the reason the stock market is going down so dreadfully is that Obama needs to be a better job of being more positive. This has been all over the news the last few weeks as a missing part of the recovery elixir. Ron's response was the first time I heard anyone basically dismiss the premise altogether and say that the market is going down because things are so darn awful. The media has given up on the "don't worry, but happy" story at last. (n.b. for the record, it wasn't Jim Cramer that they asked to go on the show that day, another indication that somber tones are being favored over sensationalism.)
Tonight's NBC Nightly News did a story "faith in america" reporting that religious affiliation in the US has decreased dramatically since 1990. The story ran right after a story about tent cities, and it seemed to me that they were trying to suggest to people where they should go for help. [I'm long religion for the next 25 years btw, see prior post.]
Another story tonight on NBC Nightly News - they started asking for folks to send in stories about people performing random acts of kindness and have expanded the query to become a regular part of the nightly news. I guess sex, sensationalism and stardom are not as newsworthy as they were...last week?
These guys are starting to see that their annointed president isn't so infallable, and now they're exiting the fan club and heading the the front of the "help your neighbor, help your friend" herd. I don't mean any judgment, they are probably not doing it consciously at all. It's just an observation that the tone has changed...
which means, we are near the mid-term bottom.
Joe
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