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I agree with your TV analogy. It does seem that getting one's news from TV is like watching a series of soundbites with little substance or explaination. Switching between the major network and cable news channels in an effort to understand what is going on with the economy is very frustrating. Only after multiple searches on Google was I able to even begin to comprehend the root of the problem. Print media (newspapers and magazines) tend to go deeper into the issues but even then I prefer to compare multiple viewpoints (including theirs) which can best be found on-line.
People's reaction to the economic crash from information garnered from TV news seems to be that the major reason is irresponsible people who took out mortgages they couldn't afford when the real culprits are the institutions who bundled them into highly leveraged paper and our government which did not regulate this activity.
I don't think the ideological concept of what is currently happening is covered well at all. Most of us have a vague understanding that the myth of the free market is pretty much dead at the top since they are getting bailed out but the little guy will be left to fail. I think discussions about the implosion of the neoliberal order are way too complicated for TV soundbites.
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