The Tinkerbell Economy

August 25, 2010 at 3:08 am (Uncategorized) (, , , , , , )

This morning as I was driving a friend to work, I caught the top of the hour National Public Radio news. The lead story told that sales of existing houses dropped to their lowest level in 15 years & had the steepest one month drop in 40 years.

This bummer news report immediately assured listeners that within a few months the dark clouds hanging over the housing market would disappear. Source of this assurance: a housing industry expert whose sound-bite was then excerpted. Said expert confidently dismissed all the negative economic trends. Then he said something very much like that if Americans will just believe in an improving housing market, then things will get better. He concluded by stating that he hoped Americans would start believing.

So this blockhead’s assertion of an imminent improvement was really based upon wishful thinking. Not facts. Not logic. Not trend-lines. Just hoping it will happen. My reaction was to talk mockingly back to the radio: “Yes, everyone, clap your hands real loud and Tinkerbell won’t die!”

Blinded, stubborn ignorance just keeps spewing from our so-called experts. Each week, month, & now year brings news of the economy’s continued downward spiral. And first the experts profess complete bewilderment because they expected more encouraging numbers, then they reassure us that everything is getting better, future numbers will show improvement.

Until this morning, I thought the experts told the public a bunch of lies because they were trying to fool us. But now I wonder: Are they actually so daft that they really believe their utterly misguided projections? Perhaps as children they watched the Peter Pan cartoon & still think they brought Tinkerbell back to life by wishing hard-enough & clapping their hands; now as adults they think they can fix the economy the same way? Yikes!


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