10/09 Morning Report

Does anyone remember that 10 years ago, some experts were already predicting the financial crisis we are in today? A Fox News report shows that indeed they were. So why is everyone so suddenly surprised that it happened?

(…maybe the media ignored it rather than make people worry about their credit levels…that conservatives were saying needed to be paid down rather than built up…which might have caused economic decline due to less money being injected into the system through purchasing…hhhmmm…)


And, at least one journalist is saying the media itself has a share of the blame for the financial meltdown. According to Howard Kurtz’s column at the WashPo:

But while these [financial problems] were conveyed in incremental stories -- and a few whistle-blowing columns -- the business press never conveyed a real sense of alarm until institutions began to collapse.

Of course, I doubt the rest of the media will be so candid. It the same as saying Bush lied about the weapons of mass destruction, while forgetting or ignoring all the Democrats and foreign leaders who said the same thing.

(…I wonder if Kurtz gets to keep his job…hhhmmm…)


Speaking of Iraq, the media is pretty quick to only focus on the cost of the war. No one is mentioning the drop in casualties. No one is mentioning that the Bush agenda of waiting until the Iraqis were ready to govern themselves is finally going to be accomplished. No one is recognizing that several different methods attempted trying accomplish this. All the media seems to notice is that everything failed up till now. Yes, there is still violence, as evidenced by the killing of Shiite leader Saleh al-Ogayly. Evidence of the success of American efforts?

Iraqi Prime Minister Nuri al-Maliki vowed on Thursday to capture the assassins of an anti-American Shiite MP, the first lawmaker to be killed in 18 months, and ordered a top-level investigation.

(…wonder what kind of spin this gets in the anit-bush, anit-military, liberal American media…)