If Wall Street Approves of Obama's Plan, It Must Be a Winner!

[Orwellian_Ghost]

Brain-Dead Economic Reporting: If Wall Street Approves of Obama's Plan, It Must Be a Winner!

By Brad Reed, AlterNet. Posted March 25, 2009.

The corporate media's coverage of the administration's bank rescue plan comforts the comfortable.

Our press corps has discovered an important scoop:

Rich people approve of using taxpayer money to help rich people.

Immediately after the Obama administration unveiled its cunning plan to help the titans of Wall Street avoid the hit that should result from their bad decisions, members of our national press corps fanned out across the land to ask investment bankers, hedge-fund managers and stock traders whether Obama's plan went far enough in lining their pockets with taxpayer cash.

Setting the tone for the rest of our media, CNBC dutifully dubbed President Barack Obama's plan a potential "game-changer" because it got a big thumbs-up from people like Quincy Krosby, the chief investment strategist at the Hartford Financial Services Group. Krosby said that the investment community's response to the plan will likely be "positive," although she cautioned that the government would have to provide "written guarantees" that it wouldn't do anything silly -- such as, say, heavily taxing the undeserved bonuses of executives living on corporate welfare.



http://www.alternet.org/workplace/133246/brain-dead_economic_reporting%3A_if_wall_street_approves_of_obama%27s_plan%2C_it_must_be_a_winner!/

[TBF]

1. This is what you get when Rupert Murdoch owns everything -

and he would be "the 132nd-richest person in the world, with a net worth of $4 billion." They look out for each other. I wish we could do the same.

cite: http://en.wikipedia.org/wiki/Rupert_Murdoch

[blindpig]

2. The Golden Rule

Those with the gold make the rules.

In a capitalist society how could it be otherwise?

k&r

[leftstreet]

3. It's a WIN - WIN for Everybody!

Everybody but Us!