1574 Bank on Hype

I'm pretty well convinced the recession would be over if only the left and right wing media conglomerates would shut the heck up. Or at least hype the good as much as the bad.
Like there's currently 981 billion in cash reserves in US banks. An absolute record. More than three times the amount of cash banks had in July of 2008. They say fear about US financial stability and the European debt crisis have led to a surge in deposits.
Really?
Worry about the financial system makes people put their faith and money in banks?
More likely the banks themselves aren't lending the money back out because they still don't trust each other. The people are ready to play.
Another piece of good news. General Motors, or as some like to call it, Government Motors, has now reclaimed the title of Number 1 Global Car Company. GM sales increased 8.9 percent in 2011. Toyota, thanks to the big earthquake, slipped to number 3.
Earthquakes aside, to go from the crater of bankruptcy to Number 1 in a shaky global market is pretty cool. If only the government could have similar economic success elsewhere.
Then again, maybe they have. Unemployment numbers hyped recently talked about all the jobs lost and people still out of work or less than fully employed. But private sector jobs came up by 154,000 nationwide lately. And here in Washington job openings were up from 30,000 to 60,000.
Meanwhile, the number of unemployed job seekers declined from a peak of about 337,000 during spring 2010 to about 312,000 at the same point in 2011.
So if 60,000 of those 312,000 took the open jobs, wouldn't that be a 20% improvement?
Where is the media hype when we need it?
America, ya gotta love it.