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MEDIA COMPLICIT IN CREATING ECONOMIC CRISIS

 

By Jim Kouri, CPP
January 3, 2009

NewsWithViews.com

Seventy-seven percent of Americans believe that the US media is making the economic situation worse by projecting fear into people's minds.

The majority of those surveyed feel that the financial press, by focusing on and embellishing negative news, is damaging consumer confidence and dampening investment, making a difficult situation much worse. The poll was conducted via telephone, December 4 - 7.

The US survey of 1000 adults was conducted by Opinion Research Corporation and is statistically representative of the total US population. The survey question: "Do you think the financial press is making the economic crisis worse by projecting fear into people's minds?" While the overall response indicated that 77% of Americans answered YES, here are highlights of note:

Household Incomes:
$25k - $35k -- 79% answered YES
$35k - $50k -- 88% answered YES
$50k - $75k -- 76% answered YES
$75k - more -- 78% answered YES

Demographics:
85% of young adults (18-24 yrs old) answered YES
77% of males and females alike answered YES
65% of blacks answered YES

Richard L. Scheff, a national expert on corporate liability and white collar crime issues, warns media that they could potentially be exposed to liability despite apparent constitutional protections:

"Although statements by the media are protected by the First Amendment, the survey results demonstrate that the public believes that the press bears some responsibility for the lack of confidence in the economy. One would hope that the media would act less out of self-interest in these times of national crisis," said Mr. Scheff, vice chairman and partner with Philadelphia-based law firm Montgomery McCracken Walker & Rhoads.

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Founded in 1938, Opinion Research Corporation (ORC) is a leading global market research firm with offices across the US, Europe and Asia Pacific region. ORC helps clients achieve success within their markets and with their customers, employees and other stakeholders by providing fact-based, action-oriented intelligence and advice. ORC is known as a leader in providing both custom and omnibus research and is the official partner of CNN for the CNN/Opinion Research Poll.

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Jim Kouri, CPP is currently fifth vice-president of the National Association of Chiefs of Police. He's former chief at a New York City housing project in Washington Heights nicknamed "Crack City" by reporters covering the drug war in the 1980s. He's also served on the National Drug Task Force and trained police and security officers throughout the country.

He writes for many police and crime magazines including Chief of Police, Police Times, The Narc Officer, Campus Law Enforcement Journal, and others. He's appeared as on-air commentator for over 100 TV and radio news and talk shows including Oprah, McLaughlin Report, CNN Headline News, MTV, Fox News, etc. His book Assume The Position is available at Amazon.Com, Booksamillion.com, and can be ordered at local bookstores.

E-Mail: COPmagazine@aol.com

Website: http://jimkouri.us/


 

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The majority of those surveyed feel that the financial press, by focusing on and embellishing negative news, is damaging consumer confidence and dampening investment, making a difficult situation much worse.