Wednesday, October 22, 2008


And it's about time. A Democrat says it, in an open letter to journalists):
If you want to redeem your honor, you will swallow hard and make a list of all the stories you would print if it were McCain who had been getting money from Fannie Mae, McCain whose campaign had consulted with its discredited former CEO, McCain who had voted against tightening its lending practices.

Then you will print them, even though every one of those true stories will point the finger of blame at the reckless Democratic Party, which put our nation's prosperity at risk so they could feel good about helping the poor, and lay a fair share of the blame at Obama's door.

You will also tell the truth about John McCain: that he tried, as a Senator, to do what it took to prevent this crisis. You will tell the truth about President Bush: that his administration tried more than once to get Congress to regulate lending in a responsible way.

This was a Congress-caused crisis, beginning during the Clinton administration, with Democrats leading the way into the crisis and blocking every effort to get out of it in a timely fashion.

If you at our local daily newspaper continue to let Americans believe — and vote as if — President Bush and the Republicans caused the crisis, then you are joining in that lie.

If you do not tell the truth about the Democrats — including Barack Obama — and do so with the same energy you would use if the miscreants were Republicans — then you are not journalists by any standard.

You're just the public relations machine of the Democratic Party, and it's time you were all fired and real journalists brought in, so that we can actually have a news paper in our city. -- Orson Scott Card
I have huge differences of opinion with Mr Card, but he's right about what he's saying here.

Read the whole damning thing.

A grateful H/T to QandO

Understand? This financial mess is *not* a result of free-market failure.


Mike said...

While I think he's correct that the Dems must take some of the blame, he's being dishonest.

The Republicans controlled both Housed from 1994 to 2006 and for 6 of those years, they also controlled the Whitehouse. To try to blame all of this on only the last two years and the "Clinton" administration, while ignoring the intervening 6 years of Republican super-majority is dishonest.

If Bush truly wanted to reform, he had 6 years of relative impunity to do it and didn't. He did pass Phill Gramm's bill in 2000 which was a major cause of this.

So yeah, there is plenty of blame to go around for both Republicans and Dems, but I think card is being a dishonest shill.

This kind of crisis has been in the making for 30 years, since Reagan's regulation (401Ks etc) allowed massive amounts of money to be injected into the stock market, distorting it from what it once was.

To try to blame Barack Obama and the last 2 years of Democratic rule in the House and Senate is just partisan tripe.

Ron said...

Mike: I am in full agreement that the Republicans have their share of blame in this.

And, both sides supported the bailout and *that* is the main madness.