Open a newspaper, go on the internet, or turn on the TV, and you're likely to hear a diagnosis of what will cure the ailing economy. Revising the tax code, reducing the deficit, super committees — all distractions, according to New York Times op-ed columnist Joe Nocera. He calls the political back-and-forth in Washington "meaningless noise." The real problem, Nocera says, is a lack of available credit.
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Comments [4]
Having a guess whose commentary is one sided and bias is understandable in the Take Away format even if there are no contrasting points of view. If any thing, it shows the liberal bias of the show producers and the Director. What is even more repugnant is to listen to the moderators and presenters jump right in and join in with "expert, objective guess" mocking or showing disdain for those who disagree and offering unconditional support for the president's policies and his performance. It was shameful! Please don't pretend to do impartial news coverage or commentary
because your political views and prejudices are front center and that is what I take away from this segment and a few others that I have listen to.
As a public radio supporter I'll be sure to express my disappointment to my local station at how they spend listener's money on such poor journalistic programming!
Manny
Miami, Florida
"Nobody read a history book" the guest complains? How about the "Forgotten Man" about the Great Depression and "Reckless Endangerment" written by a fellow writer at the NY Times and who would have been an excellent counter point to this guest's arguments.
How about the history of the Community Reinvestment Act and forcing banks to lend to people "who maybe don't have the best credit ratings" which is what caused this financial quagmire in the first place?
The guest suggesting more government involvement in the lending industry and printing more money proves some have learned nothing from history.
I hope that The Takeaway will forgive me if I tune out on Joe Nocera, after he compared The Tea Party to terrorists, and preemptively blamed Republicans for "the next E-coli outbreak."
Ben Bernanke might indeed be a non-partisan. But Joe Nocera is clearly a partisan.
Yes, there is class warfare going on, but everyone is being distracted by rich vs poor, when the real class warfare is between the Public & Private sectors!
http://reason.com/archives/2010/01/12/class-war
Read and learn.
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