Seriously. I would love an answer. The last week went by so fast that I am not positive it actually happened. Thank God I have the internet to catch me up on things.
I sometimes try to imagine how things would be different if my ability to access information was limited to the daily newspaper and one of the three talking heads from the nightly news cast. How much would I miss? How much harder would it be to catch up?
My father would read all the newspapers from the previous week after we would get back from vacation just so he could keep up. I don't think I would have the time to do that today. Who would?
Anyway, I'll move on. I have read a number of articles assigning blame for our financial crisis to everybody from Ronald Reagan to Bill Clinton to GW Bush to Barak Obama (Really? He's only been in the Senate for 3 years, how would this be possible.) to the Easter Bunny. A good number of them were well written, however, except in very few cases, they were mostly filled with partisan agendas.
Where have all the journalists gone? Are all of the media members in the tank for someone? How could any sane individual look at our financial crisis and deduce that it all one person or one party's fault?
Our economy is in crisis right now because both parties were too busy pushing the agendas of their party "bases" and not busy enough minding the store. Freddie and Fanny are in trouble because of bad underwriting. Wall St. is in trouble because of lack of government oversight.
Who benefits from poor underwriting? Who benefits from little government oversight over our financial banks? I'll let you answer those for yourself. A little hint though, they are not the same answer.
If these two questions cannot be answered the same way, why then can I find thousands of "news" articles assigning blame to one side or the other? I am disgusted. Some honesty would be nice.
God Bless America,
EG
erik@exchangeyourgovernment.com
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