With this lecture in mind, I read the NY Times front page article entitled "Obama Moves to Limit Reckless Risks of Banks." Link here
Obama's declaration seems to contradict the past year of Wall Street behavior and the apparent precursors to current economic policy in his campaign contribution archives. According to Open Secrets, Goldman Sachs topped the list of contributors (second only to the University of California) with a substantial donation of ~$1,000,000.
It seems less than suprising, given the provided information, that Goldman Sachs was the beneficiary of slightly over $12 billion in bailout allocations. hmmm... This includes further complication with yesterdays newly reported findings that Goldman Sachs executive bonuses are likely to exceed $20 bil, with an average payout of over $600,000 per employee.
I wonder if the previously mentioned White House reaction to "limit reckless risks" will involve stopping the, virtually riskless, pocket stuffing endorsed directly by the Obama administration? That being said, I find it strikingly convenient that none of the US mainstream media(feel free to provide feedback) have yet to connect the dots on the proportionality of campaign contributions to bailout provisions. Hopefully some brave journalist, who has dreams of unemployment, with offer this to the public eye.
There is so much truth to this statement: "Hopefully some brave journalist, who has dreams of unemployment..." It's disturbing to me that real freedom of speech comes at a price. There is no formal censorship on the American media yet it is inundated with bias, omissions, and distortion. It is so important and also extremely difficult to find a media channel that is objective. It is essential for people to think critically about our society and educate themselves on the issues at hand. I applaud you for doing this.
ReplyDeleteWe should look at the American media as a business. There are pressures put on our media to make profit and this necessitates evasion of issues that many may find sensitive. Avoidance of these controversies may only help enable the spread of misinformation.
“a principle familiar to propagandists is that the doctrine to be instilled in the target audience should not be articulated: that would only expose them to reflection, inquiry, and, very likely, ridicule. The proper procedure is to drill them home by constantly presupposing them, so that they become the very condition for discourse.” - Noam Chomsky
Our freedom to produce and discuss a critical evaluation of a topic should be encouraged rather than limited by “voluntary censorship.”
Great website:
http://www.globalissues.org/article/163/media-in-the-united-states#Uninformedpopulationmeansharmfulforeignpoliciescangounaccountable
The newspapers have an editorial page. Perhaps sending this article to several papers would be away to bypass jaded journalism....
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