Suddenly, they are all focusing on it.
The Daily News is back to the cheerleader position, trying to make the most of the good Wall Street day yesterday
.pointing out that it was “Bam’s plan” that did it (someone at Daily News needs to read WSJ)
Newsday is as usual closer to reality, sticking with the AIG bonuses
and surprisingly New York Post joins in
At the other end of the spectrum than the Daily News, AM NY cancels the optimist by pointing out some bizarre signs of the times
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Update
Great commentary on the “hooray, Wall street approves”
“.Our press corps has discovered an important scoop: Rich people approve of using taxpayer money to help rich people.
In case you haven’t noticed, there’s a common thread throughout all of this coverage, which is that Geithner’s plan cannot be successful unless it wins the enthusiastic endorsement of the very rich people who drove the broader economy into the ground in the first place..
rom the front page of this morning’s conservative Daily Mail newspaper comes a measure of where Geithner’s misguided economic might lead:
“Millions face ‘worst of both worlds’ as cost of living rises but rate for fixing pay and pensions falls to zero.”
2 comments
March 24, 2009 at 11:31 am
cj
It’s funny; I used to laugh at my poor mother, who couldn’t get enough of all the gossip & scandal rags, but how times change. It’s nothing BUT tabloid journalism now.
It doesn’t matter what they write anymore, the public is finally getting a taste of the real Obama, and doesn’t like what it sees. Apparently, neither do foreign heads of state:
China: replace dollar as reserve currency:
SHANGHAI (AFP) – China has called for ditching the US dollar as the international reserve currency, sweeping away a decades-old system to stabilise the world monetary climate and protect its massive forex reserves.
People’s Bank of China Governor Zhou Xiaochuan said he wants to replace the dollar, installed as the reserve currency after World War II, with a different standard run by the International Monetary Fund (IMF).
http://ca.news.finance.yahoo.com/s/24032009/24/f-afp-china-replace-dollar-reserve-currency.html
Merkel Rejects Calls for New Stimulus Package Before G20 Meeting
German Chancellor Angela Merkel has reiterated that she does not favor a new package of economic stimulus measures despite US calls for more spending as world leaders prepare for a G20 meeting in London.
http://www.dwworld.de/dw/article/0,,4095549,00.html
The O-press might be able to suppress opposition voices like Paul Krugman’s, but there’s no way to hide a no-confidence vote from the entire global community.
March 25, 2009 at 9:45 am
Grail Guardian
The former so-called tabloids now have more credibility than the MSM papers/magazines. It appears that TPTB are getting bored with Obama and are going to let the media have at him. Fun for us, but really just another distraction. Watch what the left hand is doing…