Yet negativity abounded in 2008, outnumbering positive stories 6 to 1 according to BMI's recent study The Great Media Depression.
CNBC's "Mad Money" host Jim Cramer went further than most journalists actually warning that the country was in danger of "Great Depression, No. 2." On "Street Signs" Sept. 11 Cramer excitedly warned that unless the banking system was bailed out, a second Depression could be in the future.
"It's obvious the bank system is falling apart," Cramer said. "Let's save it before it goes to zero." Two months later on Nov. 11, Cramer again cried for a bailout -- this time for General Motors.
Cramer responded to criticism saying, "I don't care– for the same reason that AIG was in the business of a criminal conspiracy – big deal," Cramer said. "It's like look – we got to bail them out. We have to. We have to keep the Great Depression off the table."
Ironically in December, Cramer chastised people using Great Depression warnings calling them "scare tactics."
Equidex President Phillip Gotthelf pointed out on Bloomberg TV on Oct. 7, "I think that the commodities really outlived their, their useful rallies because they've exceeded the elasticity of the consumer."
"And commodities are consumables, they're not investments. They're speculative equals sometimes, but they're certainly not investments."
According to Gotthelf, those commodities include oil, which he said was poised to go to $40 a barrel or lower in the wake of the global economic turmoil.
"I'm somewhat amused. Goldman Sachs was forecasting $200 a barrel for oil," Gotthelf said. "I see that their forecasts are getting more and more conservative. I said $200 a barrel was ridiculous. Even $150 I thought was ridiculous. We were looking at $24 a barrel in 2004. Everybody is now making comparisons in the financial sector to the implosion of stocks in 2002, 2003 – the last stock recession. Why shouldn't we see oil return to $40, maybe even below $40 a barrel?"