To end the decade, the Washington Post acknowledged that it is no longer a serious newspaper. It ran a piece written by the Peter Peterson Foundation financed Fiscal Times as a regular news article.
The piece conveys Peterson’s view that there is a drastic budget crisis which requires circumventing normal congressional procedures. It implies that the huge surge in deficit in the last year was attributable to the irresponsibility of Congress rather than an economic collapse that resulted from incredibly incompetent policy and Wall Street greed.
No serious newspaper would publish a piece from an obviously interested party like the Peterson Foundation as a news story. Apparently the Post decided that its future no longer is in serious news.
–Dean Baker
