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Why You’re Best-Off Ignoring the Media on Government Shutdown News

by Darwin on October 12, 2013

People that hang on the every word of each media outlet and shouting head pundit on the cable networks are doing themselves more harm than good.  I’ve seen this play out over and over again where people will go and sell all their stocks and switch to bonds or cash whenever the media starts drumming up some drama over a war, political impasse or otherwise.  We’re seeing the media hype now with the government shutdown and the spate of silly updates on negotiations making headlines on all the major networks.  This was echoed over at Weakonomics where we can laugh at how if if there’s no news, the media just creates it.  I couldn’t help but laugh when I saw (like I predicted) that the stock market was actually UP on the first day of the government shutdown when no compromise was struck.  Is this the world trying to tell us something? (we’re better off without much of our government “services”, spending and waste?).  I also couldn’t help but laugh about the notion that all these furloughed workers aren’t suffering a paycheck at all, but simply taking an extended paid vacation if certain politicians get their wishes.  Kinda defeats the purpose of a “shutdown”, no?  Regardless, none of this really matters.  In the end, the Republicans will cave, everyone will get back to work and the US will continue spending well in excess of its revenues and we’ll be right back to borrowing over a Trillion dollars a year more than we have.  That’s how we roll.

With that in mind, here are some additional links for your consideration:

Here’s some advice I wrote elsewhere offsite:

 

{ 3 comments… read them below or add one }

krantcents October 12, 2013 at 11:59 am

Thanks for the links, I am in good company.

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Lance @ Money Life and More October 12, 2013 at 6:53 pm

A lot of time is wasted watching the media, which is also often misinformed no matter which channel you listen to. I can’t count how many shutdown articles I’ve read.

Reply

dojo October 13, 2013 at 9:55 am

We’ve long since stopped following our media in my country. We just plan our lives/money according to our needs and ideas, not waste time with them

Reply

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