Congress' Financial Mess - by Walter E. Williams,
News media people, often plagued with little understanding, fail miserably in their duty to inform the public. This is particularly evident in their reporting on the current financial meltdown, suggesting it was caused by deregulation and free markets.
Professor David Henderson, research fellow at Stanford's Hoover Institution, writes about regulation in "Are We Ailing From Too Much Deregulation?" in Cato Policy Report (November/December 2008).
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I'm sorry Mr. Williams but I'm going to have to disagree with you. Oh it's true that in general the press doesn't have the brains it was born with, and doesn't engage in honest journalistic practices like digging for the truth anymore, but that's not why they're wrong on the financial crisis.
The media is a bunch of liberally biased robots, running around in lockstep, preaching the Democrat/leftist/socialist agenda and attacking anything that can even be vaguely construed as traditionally conservative, or common sense for that matter. The leftist agenda is to blame the financial meltdown on Republicans and conservative principles like deregulation and free market capitalism, therefore the robotic 'me too' media parrots this hogwash in a cacaphony of politicized unison.
You're a brilliant man, Mr. Williams, and I greatly admire and respect your wisdom and wit, but this is not a matter of a lazy, uninformed media. It is pure liberal bias, just as it is with everything else that spills from the mouths of these single-minded sheep.
Williams: Congress' Financial Mess
