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Some time ago The Christian Science Monitor went internet only as just another print media failure to learn. The NYT is holding themselves under water. Just recently the Rocky Mountain News went toes up and the Seattle Post-Intelligencer may be the most recent MSM fatality. If WaPo continues to be complicit or incompetent with their style of so-called journalism they may be next.

A quick survey of a recent news feed from the Washington Post offers an abundance of what has become typical reporting from most major outlets in the American press. Here are some examples.

How the Fed Failed to Tell Obama About The Bonuses

Federal Reserve officials knew for months about bonuses at American International Group but failed to tell the Obama administration, according to government and company officials, exposing problems in a relationship that is vital to addressing the financial crisis.

The White House didn’t know. Treasury Tax Cheat Secretary Geithner was ’shocked to learn’ about this. And pigs fly.

Reporting System for Lobbyists Called Inaccurate, Inadequate

The lobbying firm that features Democratic power broker Harold Ickes reported earning nearly $700,000 from its clients last year. But according to disclosure reports filed with Congress, more than half of the money was spent on no lobbying at all.

Which is worse, bad reporting or news that isn’t news? Did anyone really expect the Senate Public Disclosure system to effectively illuminate the lobby business. That would be equivalent to criminals sending accurate reports of their activities to law enforcement. If you ever spent time using such resources the thought of donating a week’s vacation for enough time to ‘follow the money’ may have convinced you to abandon your search which is exactly the expectation by those providing it.

Obama, in Calif., Says He Hopes To Return ‘Balance’ to Economy

COSTA MESA, Calif., March 18 — Striking a sharp populist tone, President Obama used a town hall meeting here Wednesday to argue that he is “trying to bring balance back to our economy” after years when only the wealthiest Americans benefited from government policy and lack of regulation.

No subtle finger pointing or liberal support featured in this piece. In the excerpt alone suggesting only the wealthy benefit from government policy omits the very real manipulaton of the now troubled banking system forcing no docs loans and other high risk mortgages to comply with lending requirements for banks to service and provide home purchases to those who could not afford it. Lack of regulation is equally a poor choice to describe hiding the truth about Fannie and Freddie in the days leading up to the subprime meltdown. Maybe now that Senator Dodd, President Obama and Tax Cheat Geithner are being exposed for their role in the AIG mess more reports from those not beholding to the Democratic party will include the rest of the story on the liberal agenda past, present and future.

Stanford Matthews
MoreWhat.com

This entry was posted on Thursday, March 19th, 2009 at 3:39 pm and is filed under Public Affairs, Money Matters, wordpress, Politics, liberal, News Media, lobbyist, disclosure, ethics, Opinion, Business. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.