Economic Crisis a Media Invention?

Gemini Sparkle

Key Takeaways:

  • Cirrus CEO Alan Klapmeier announced production adjustments for the company's airplanes.
  • These adjustments were made in response to slumping demand for Cirrus aircraft.
  • Klapmeier expressed frustration with the mainstream media for what he perceives as unquestioning perpetuation of economic "doom and gloom."
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Cirrus CEO Alan Klapmeier had to stand up in front of his staff last week and announce production adjustments to match the slumping demand for the company’s airplanes. He told AVweb‘s Russ Niles that one of the hardest things to swallow about the current economic situation is the mainstream media’s unquestioning perpetuation of the doom and gloom.

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