I am sure it's not just CNNMoney, but this video typifies the role of media as a fear monger instead of trying to dig just a bit deeper than scratching the surface of an issue. For those of you who are not familiar with the acronym FUD; it's defined by Wikipedia as:
Fear, Uncertainty, and Doubt (FUD) is a tactic of rhetoric and fallacy used in sales, marketing, public relations, politics and propaganda. FUD is generally a strategic attempt to influence public perception by disseminating negative information designed to undermine the credibility of their beliefs.
She seems to be talking only about facts and give actual figures, but then, when it comes to what alternative exists to raising taxes, she goes complitely wild: "You cut services [...]. What we could see Tony is shorter school weeks - teachers cut a lot of them, crowded classrooms and even some prison inmates freed, Tony". So I say WOW !!! Because it's for sure that they cannot reduce the size of the bureaucracy that has become so huge in the past few years only. It's really easy to just go back to where they were 10 years ago, before highly inflated property prices resulted in highly inflated property taxes and also full employment in unproductive jobs drove income taxes so high... The politicians, supported by the media, are doing nothing less than emotional blackmail against their people.
And then she goes on "we should be taxing the rich" propaganda that Obama has started, as if taking the people who produce and the successful entrepreneurs as scapegoat would solve the problem of too much spending.
Trends that I have seen for about a year and that are getting stronger and stronger:
- The state (and corporatocracy) waging war against their people
- Fear mongering and FUD by the politicians and media (although this has been the bread and butter of George W Bush and the US media for many many years).
- The schims that the government is trying to create between the so called "rich" and so called "poor".