The Post, which published zero news articles anywhere warning of the collapse of the housing bubble, published yet another front page piece warning about budget deficit problems, this time in Greece. This one most expressed the concerns of unnamed "analysts," (people who didn't know enough about the economy to see an $8 trillion housing bubble). The piece does include an explicit reference to Moody's, the bond-rating agency best known for giving investment grade rating to near worthless collaterized debt obligations. The point of this article is that the Washington Post wants to cut Social Security and Medicare and it will use its news pages to shamelessly push this agenda.
--Dean Baker
