James McPherson's Media & Politics Blog

Observations of a patriotic progressive historian, media critic & former journalist


  • By the author of The Conservative Resurgence and the Press: The Media’s Role in the Rise of the Right and of Journalism at the End of the American Century, 1965-Present. A former journalist with a Ph.D. in journalism, history and political science, McPherson is a past president of the American Journalism Historians Association and a board member for the Northwest Alliance for Responsible Media.

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Media & GOP embrace socialism; Aerosmith offers emergency diet plan

Posted by James McPherson on September 21, 2008

Journalists now are lambasting the government for not warning us about the onrushing economic train. Aside from the fact that some economists and others have been trying to warn us, of course, the bigger problem is that the news media themselves just didn’t care enough about the issue.

Yet again the press has failed as miserably as the government, just as it did with the Iraq War. After all, charging bulls and bears are oh-so-boring compared to pigs with lipstick. Why attack complicated problems, when your audience is more entertained by political attack ads? Besides, in the words of Barbie and journalists everywhere, math is hard.

So now we have a nation in which “socialism” is bad if that government intervention would provide health care to all Americans, who live in a nation that despite its wealth is ranked just 37th in the world for quality of health care. Yet at the same time, “socialism” that bails out rich people who do stupid things with our money is good.

It almost makes you long for the stock market crash of 1929, when at least some bad investors supposedly had the moral fortitude to throw themselves off of buildings rather than begging for a handout. How many of these folks do you suppose are among the crowd that regularly criticize the poor for their own poverty because of “bad choices”?

The difference, of course, is that the poor–and their children–will pay disproportionately for their choices, aided in large part by the taxpaying largess of the dwindling middle class. Stupid bankers, who could get rich off of hair-brained schemes that went well, will now be bailed out by that same middle class since those schemes have gone awry. And neither Congress nor most of the media likely will demand reasonable concessions such as those described by former labor secretary Robert Reich, in return for the blank check we’ll all be backing.

It might be funny if it weren’t so disgusting. Now the nation is in the biggest economic trouble it has been in at least since the Great Depression (we may still fall much further), thanks to the actions of the current administration–and, to be fair, the three previous administrations. After all, despite his reputation as our “first black president” I’ve long called Bill Clinton our most successful recent Republican president, and though his economy was much stronger, he shares much of the blame for the deregulatory nightmare that allowed the current crisis.

I find it appalling and amazing that anyone wants to continue the policies of the current administration–policies supported strongly in most regards by John McCain, who tonight on “60 Minutes” said deregulation had probably helped the economy. But in truth it probably doesn’t matter a great deal whom we elect as the next president. Those current TV commercials that have news people saying this is “the most important election” of our lifetimes? They’re wrong. The last two were more important, and we managed to blow them both.

The Iraq War, the incredibly inept response of recent years to virtually every foreign and domestic crisis, and the massive bailout of Wall Street all mean that the next president’s hands will be tied in terms of the economy. And because things likely will get worse before they get better, I’d almost support McCain just so he might get a rightful share of the blame.

One huge problem with that, of course is that a McCain victory would also mean that he–or Sarah Palin, after McCain drops dead upon finally realizing the magnitude of the problems he faces–likely would end up nominating a couple of Supreme Court justices. Then we’d likely be in deeper trouble for a couple of generations, instead of “only” the decade or two that may be ahead of us (others such as my ecologist–yes, ecologist, not economist–brother, who long ago predicted the current crisis, anticipate an even an even more dire future, of course).

One bit of good news for rock music fans: I sense a comeback for Aerosmith’s 1993 song, “Eat the Rich”–even if a lack of electricity means it has to be an acoustical version. Perhaps that title might also be a survival plan for downsized journalists. Though one drawback to eating human flesh may be that it leads to insanity, many in journalism and government would seem to have little to lose in that regard.

NEXT DAY UPDATE: Not surprisingly, the Bush administration is trying to turn the bailout into yet another executive branch power grab. Also not surprisingly, most of the media are largely ignoring that attempt. One hope, however: Faced with the prospects of a Barack Obama presidency, some conservatives may help contain the proposal.

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One Response to “Media & GOP embrace socialism; Aerosmith offers emergency diet plan”

  1. […] I’ve also pointed out, the news media also share the blame for the failing economy, and our pitiful understanding of it. […]

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