Wednesday, November 26, 2008

The Bailout, the Media, and the War Party

Yes, they're connected…

By Justin Raimondo

"One is hardly ever shocked anymore: that seems to be the defining characteristic of modernity. Yet I got to experience that rare sensation the other day when I read this blog item on LewRockwell.com. Aha! I thought. So that's why the MSNBCers are hailing the Big Bailout at the top of their lungs – their parent company, General Electric, also owns GE Capital, which was declared "too big to fail" and given its bailout infusion the day after the election.

The timing of this announcement was fairly interesting, as noted by conservative-libertarian columnist Jim Pinkerton. Pinkerton was rightly outraged when, in response to MSNBC's Chris Matthews' comment that his job is to "make this presidency work," he told a Fox News panel.....

With two wars in the can and another one on the burner, the War Party has been busy lately, and there's hardly anyone keeping an eye on them. The usual media myopia is worsened by the financial disaster, which hasn't encouraged reporters to look much further afield than Wall Street and Washington. And even if they did notice something fishy in the works, would they sound the alarm, or keep quiet because it's their job to "make this presidency work"?"

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