Bad vibrations
2008-07-31
Anyone who follows the news from the U.S. must be struck by
the constant negativism about the state of the economy. For
example, NBC News reported last night that it's the "end of an
era" for car leasing, because the residual values of the cars are
plummeting. Critics say the media are overstating the
magnitude of the current crisis and are making things worse
than they really are. Yet it's the mood in Nov. that will likely
decide the presidential elections. The same could apply this Oct.
in the Czech elections. Czechs are no strangers to bad news, but
the stage is being set for what could be an unprecedented
barrage of bad economic vibes. A sense of impending doom will
be evoked not only by ČSSD and the unions, but also perhaps by
Vlastimil Tlustý's faction within ODS. The degree to which the
Czech media echo this gloom could determine just how long
Mirek Topolánek remains the PM.
[Czech Republic Brian Williams prime minister]
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