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January 31, 2008

CNN Tells Grim Tale of Economic Hardship

Posted by Dave Blount at January 31, 2008 10:30 AM

As America plunges headlong into recession, times are getting tough. Business & Media Institute describes a heartwrenching CNN report that aired yesterday:

"Veronica McNeil has two kids," said CNN correspondent Alina Cho. "She recently lost her job. Her husband's an iron worker and the family is feeling the pinch."

While McNeil was introduced as struggling financially, she then announced that for the right price she'd buy an unnecessary high-ticket item.

"If I'm here to buy baby stuff and I see a TV at a good sale price, I'll grab it," McNeil said.

Cho pointed toward "rising gas and home heating oil prices and Americans losing their homes" for money being "tight." Unfortunately, Cho entirely missed the personal responsibility angle — if there is something you can't afford, don't buy it.

Cho also cited another shopper who complained "it seems like everything I buy is a little more expensive today than it was yesterday." Still, the man was willing to splurge on a "big TV for the Giants game" because he's a fan of the team.

"So everybody agrees that we're all feeling the pinch, but the Super Bowl gets a pass," said Cho. "Please excuse the pun."

Poverty must be completely out of control if people have to "feel the pinch" while they're buying basic necessities like oversized televisions to watch the Super Bowl. Where's John Edwards when you need him?

Hat tip: NewsBusters, on a tip from Cheetah.