Dean Baker: The Washington Post (a.k.a. Fox on 15th Street) Wants 15 Million People to Be Unemployed

from TPM Cafe:



The Washington Post (a.k.a. Fox on 15th Street) Wants 15 Million People to Be Unemployed
By Dean Baker - July 12, 2009, 11:12AM


The Washington Post, which gained worldwide fame for its effort to sell corporate lobbyists access to its reporters and Obama administration officials, wants 15 million workers in the United States to be unemployed. Of course that is not exactly what they said; the Post argued against another stimulus package. But 15 plus million unemployed workers is the certain effect of the Post's preferred policy.

We will go through the Post's logic, but the simple fact that the Post opposes the policy should pretty well establish its usefulness. After all, the Post has a near perfect track record of being completely wrong on the economy at every turn.

Remember back in January of 2008 when the Post told readers that: "There is not yet any proof of a recession, .... Nor is there any consensus that a recession, if one comes, will be severe."

And then one week later we got the line: "timely, targeted and temporary." This is a paper that had no space for those warning of the dangers of the stock bubble in the 90s and the housing bubble in the current decade. ..........(more)

The complete piece is at: http://tpmcafe.talkingpointsmemo.com/2009/07/12/the_washington_post_aka_fox_on_15th_street_wants_1/

(Also the home of Will, Broder, Krautheimer...)

WaPo has zero credibility.

Its glory days of good investigative journalism are total history. The paper of record in the nation's capital nothing more than a printed doormat for the RW. It's disgusting.

on edit: sp

Heh. :thumbsup: