Sep 30, 2008

Lew Rockwell on the mainstream media's pro-bailout hysteria

The MSM have shown their despicable true colors in their bailout hysteria, and denunciation of the taxpayers for any resistance to being looted. On Morning Joe, they tout Fedista Andrea Mitchell as an independent journalist, never mentioning that her husband is Alan Greenspan. Greenspan was the Fed chairman who - with his partner in crime Bush - turned on the monetary hydrant after 9/11, to prevent he stock market from falling. Instead, they created the greatest bubble in history, and the current bust, which is correcting the excesses of the bubble. So in an attempt to keep the stock market and housing prices from falling, and plutocrats from losing their silk shirt, Bernanke is hyperinflating. He can't actually keep prices from falling, except in nominal terms, but he can wreck the world economy for a long period of time, and make us all far poorer. But instead of asking any questions, media shills like those on Morning Joe are backing the state-Wall Street combine, against the rest of us.

~ Lew Rockwell, "MSNBC's 'Morning Bailout'," Blog, September 30, 2008

No comments: