BMI's Dan Gainor on the Fox Business Network
What could be more timely than a study about debt? With all the networks crying about oil prices and threats to the economy, consumers are feeling squeezed. Director of the Business & Media Institute, Dan Gainor appeared on the Fox Business Channel today to talk about the Culture & Media Institute and Business & Media Institute joint study, "DEBT Who'$ responsible?" That found the broadcast networks blame businesses, not borrowers for spendthrift ways.
"When you look at how the networks cover [debt] what you find is they ignore personal responsibility and flip it around and blame business for debt. Six times more they blame business than borrowers and almost two-thirds of the time they ignore the whole concept of personal responsibility," Gainor told viewers.
YouTube video after the break.
Gainor also pointed out that Sen. Chuck Schumer's new proposition to put more regulation on lenders giving out loans amounted to living in a "nanny state" where regulators would decide whether or not you can buy a house.
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Comments
I think we all share a part
Submitted by maggied on Sat, 03/05/2011 - 8:01pm.
I think we all share a part to blame for the current situation and pointing fingers won't make things better. The economy relies on businesses, and encouraging entrepreneurship is one of the ways I would suggest in getting out from the financial crisis. I check the local business reviews almost daily hoping that I'll see new businesses coming up, they are the fuel of our economy.
maggied
Submitted by Radical1979 on Sat, 03/05/2011 - 9:00pm.
Excuse me but how is this my fault? I've always taken care to research the candidates and vote in the one who I feel will be the most fiscally conservative. I live within my means, my credit card debt is all payable, and my debts are business related or due to my daughter's education.
If we don't point fingers at those who are to blame they will continue to be in power and behave the same way, getting us back into the same mess. To encourage local business, you must find the candidate who will support business's who favor less taxation and the freedom to hire who they chose.