PR Blunders Have Made the Financial Crisis Worse

•  
  ennyman10/02/08 Report as spam
  1

  RE: PR Blunders Have Made the Financial Crisis Worse

  Totally relevant post here. I doubt if anyone at the bottom of the food chain has a clue what has really been happening or why this should concern them.
  
  Toyota sales were off big time in September but no one tied that story to the credit crunch either. More than four-fifths of new car buyers could get financing last year at this time, and about one-third this year. The credit crunch will thus impact car buyers, house sellers, new and used home buyers, etc. Instead, Dems are blaming Republicans, and all kinds of CYA blather is foaming up the view.
  
  In short, what you note here is a pretty good summary of the PR failure.

•  
  Elena9836510/02/08 Report as spam
  2

  RE: PR Blunders Have Made the Financial Crisis Worse

  Yes, a PR failure. But it's also possible this is a case of not being able to spin a bad plan into a good one. For some pigs, there just ain't enough lipstick in the world.
  
  emrod

•  
  jongreer10/02/08 Report as spam
  3

  RE: PR Blunders Have Made the Financial Crisis Worse

  Here's one of the truly under-reported aspects: how much we really stand to lose on the $700B. Because it's not a straight giveaway, it's an investment in assets that the market is having a hard time pricing right now. There's some value there. So do we stand to lose $250B, $500B or what? Why hasn't anyone taken the time to explain this to us?

•  
  ConsultantYYZ10/02/08 Report as spam
  4

  RE: PR Blunders Have Made the Financial Crisis Worse

  When Bush made his first statement and started talking in very plain English about buying and selling debt, I knew this was in for a rough run. I am willing to bet that 90% of the US population have no idea what "selling debt" means.
  
  I still don't.

•  
  AttendToDetails10/03/08 Report as spam
  5

  RE: PR Blunders Have Made the Financial Crisis Worse

  This post was pure fluff. No subtance of the issue was imparted, only the 'pile-on' mentality of the press, i.e pick something negative and add to what has already been opinioned. No care or maybe ability to introduce a nugget of truth about the issue. The media only has to say the word "Bush" and the feeding frenzie begins. That is the easy way to report the issues and for some reason the most popular. The media is a huge dis-service to the public when all they can do is this type of reporting. Please save your ink and give the public a break.

•  
  jongreer10/03/08 Report as spam
  6

  RE: PR Blunders Have Made the Financial Crisis Worse

  Thanks Mary -- but if you read the post, it barely mentions Bush, who is, after all, President and Chief Executive of the country, and whose Administration is the one asking for the $700B. Normally, when an entity is asking for a loan, it needs to make the case.

•  
  AKK 102010/03/08 Report as spam
  7

  RE: PR Blunders Have Made the Financial Crisis Worse

  True - mistakes all over the place with the message. However, - give me some concrete examples of how to position it - how would you explain the complicated financial insrtruments and why people should understand/care.
  
  I see the same problem with this post as with those who poke(d) at the bailout plan - it's fine to highlight the problems - but what would you offer instead - specifically.
  
  Criticism alone is not helpful in this situation.

•  
  jongreer10/03/08 Report as spam
  8

  RE: PR Blunders Have Made the Financial Crisis Worse

  Sure -- I think I gave some ideas above, but here goes (and check out Richard Edelman's post -- he really gets at it):
  -- Powerful and respected spokespeople (Buffett, Gates, Greenspan, Rubin, etc.) going out and speaking knowledgeably about it
  -- Giving the country an asset-backed securities primer on primetime TV -- here's a pool of securitized assets, here's a tranche, here's a rating service, here's leverage, etc. to show everyone what has been going on and what Treasury proposes to do
  -- More detail on how the credit crunch affects average businesses and voters - the media has done some of this, but the Administration and Congress could have pulled together some examples
  -- Some contrition -- where's the hearing where the head of Goldman, Merrill etc. sit in front of Congress and apologize for putting the country through this? I know their busy, but they are asking us for a boatload of money.

•  
  sbb3310/07/08 Report as spam
  9

  RE: PR Blunders Have Made the Financial Crisis Worse

  Most likely those of you who attacked this post are equally frustrated at the lack of communication we've been provided. Communication is really the root of all this, and when the government is not transparent it garners distrust. Communicating with and educating us about this bailout would likely improve many of the dissenting opinions we currently see.
  
  Also, when you're provided with recommended educational tools (i.e. the Edelman post) you should probably read them before attacking the post you just read.

•  
  the limority report10/07/08 Report as spam
  10

  RE: PR Blunders Have Made the Financial Crisis Worse

  ALL PR bologna aside.... i'm still waiting for an apology from those who got us into this sinkhole to begin with...
  
  if they have the time to request my money, they have the time to apologize (or maybe they are not remorseful, since there haven't been any REAL consequences to their actions...)
  
  alas...