It would be interesting to know the Post’s source for this knowledge – probably the same source who told the Post that there was no housing bubble. Of course the Post does not feel bound by normal journalistic standards when it pushes its agenda. Hence readers have no idea of the basis for the assertion in the subhead of an article on the economic crisis, “president must balance anger against Wall Street with need for big players to help revive the economy.” One could think that the “big players,” the folks who bankrupted their banks and helped wreck the economy, are the last people that Obama needs. In fact, as heads of bankrupt institutions, they would almost certainly be removed if President Obama allowed the market to run its course and put these banks into some kind of bankruptcy type legal arrangement. In short, the Post’s claim that these top executives are needed to fix the economy is yet another example of the paper editorializing in the news section.
--Dean Baker
