From John Cole-who is, like me, a reformed conservative:
I don’t get it. The Republicans and some in the media are calling this the Obama recession and the Obama bear market and the Obama economy, but this says it will be the longest recession on record. Yet Obama has only been President for a few weeks. The math just doesn’t seem to work.
Sometimes I think the media and the Republicans are just making shit up.
On a serious note, the last few years have been really eye opening for me. I was never one of the Republicans who thought the media was liberally biased. I always felt they were just lazy and superficial (and MoDo is a fine example) and on issues outside their safety zone (faith and religion, for example), they just were not equipped to discuss them, but it becomes more and more clear that the media is not biased towards liberal or conservatives, but rather, it is simply in the business of defending the status quo for the wealthier members of society. The reason social conservatives and progressives both hate the media is because they really don’t care about either group or their issues. This is about protecting the amassed wealth of the few. The past couple of weeks we have faced nothing but story after story about how the market (translation, the folks who created this mess) are nervous about the Obama plans, with no critical analysis but merely a platform for people kvetching about reverting to the tax rates that were in place just a few years ago. It really is breathtaking.