With all due respect, I'm reasonably sure the recession were currently in is not a media invention. As for the "gloom and doom," I completely understand where you're coming from, but right now the news simply isn't good. Just read this thread.
Someone mentioned the "looseness" of the banks getting us into this mess in the first place. Without question, the collapse of the sub-prime loan market (and that was as loose as it gets) played a major role in our current economic state.
I'm not gloom and doom. I know we'll come out of this. But it's going to take a lot of work and some time.