The Media Plays the Blame Game -- Who Loses???

For generations there have been media outlets that were suspect in their news reporting. Publications like Rolling Stone that although they include "News" stories, we all recognize that they are actually entertainment quality journalism or The New York Times that many of us just know to take with a grain of salt. The most recent election; however, has caused many of the mainstream media outlets that we have always trusted, to slant the facts so far, that the true news value has been lost. .


This morning, I was totally caught off guard when I read an article from the Associated Press on MSNBC's website. In large red type, the headline read Bush Administration Ignored Clear Warnings. The article goes on to say that "The administration’s blind eye to the impending crisis is emblematic of a philosophy that trusted market forces and discounted the need for government intervention in the economy. Its belief ironically has ushered in the most massive government intervention since the 1930s."

I honestly believed that after the election was over, the media would return to their senses and actually report the news. Unfortunately, this article may suggest that they have abandoned reality for good...at least when it comes to holding Democrats accountable. I found it very ironic that the article never mentioned Barney Frank, Chris Dodd, Maxine Waters, Rep. Gregory Meeks or even Bill Clinton, who all contributed to the this extraordinary failure of our financial system.

The financial collapse of Fannie Mae and Freddie Mac is not a failure of the free market because lending institutions in a free market would not have taken on the high-risk loans. They were forced to by the heavy hand of government.

Bush Administration Ignored Clear Warnings


http://www.msnbc.msn.com/id/28001417/

http://washingtontimes.com/news/2008/oct/09/lessons-from-the-bailout/