Commemorating the Financial Panic: It Ain’t Over Yet

http://www.commondreams.org/view/2013/09/16-4



New York, New York – Media outlets love anniversaries. They become the makers and news-pegs for one-day stories that become pretexts for episodic coverage of key issues that substitute for ongoing critical reporting,

It’s a form of nostalgic ‘how are we doing coverage‘ that aims to depoliticize the past or give us a grade, but not look too closely at the causes of the crisis.

So, no surprise, the President will mark the occasion this week, with, what else—a speech. No, less than a speech, really “remarks,” aimed at providing a positive spin for a series of economic disasters that we have yet to climb out of.

Reuters reports: “A White House official said Obama will deliver remarks in the White House Rose Garden on Monday to mark the fifth anniversary of the financial crisis, which was accelerated on September 15, 2008 when the Lehman Brothers firm filed for bankruptcy protection.