Dan Gainor

On deck, we had Obama’s major push for financial reform and a convenient government attack against Goldman Sachs. So convenient that several people have raised the issue and its political implications. Rep. Darrell Issa, R-Calif., asked the SEC for any sort of information about how it might have cooperated with the Obama administration. Both conservatives and Wall Streeters have connected the dots enough to wonder whether these are political charges.

And that’s where the investigations begin and end. Journalists want no part of digging into the administration’s ties to anything – ACORN, SEIU and now Goldman Sachs.

It’s not just that they love their president in that schoolgirl crush way (and they do). It’s also that they fear him. They worry Obama won’t do them harm, he’ll do even worse – deny access.

Look at this administration’s pathetic history of dealing with the press. Reporters from papers that endorsed McCain got kicked off the campaign plane. Media opposition like Rush Limbaugh, Sean Hannity and Matt Drudge got targeted by the White House. Even friendlies like CNBC’s Jim Cramer ended up targets for verbal assault.

Big name celebrities can survive that kind of Cold War. Ordinary reporters can’t. They know how the White House works when it wants a story killed. It bullies the media like CBS into dropping comments from a story about the sexuality of a potential Supreme Court nominee or forces everyone out of the park in front of the White House so it can conceal a Don’t Ask Don’t Tell protest.

Every one of those events should lead to an investigation. The traditional media don’t even get anywhere close. They hardly acknowledge the cozy relationship Obama and Hill Democrats have enjoyed with Goldman Sachs before this – including $1 million in contributions to the president’s campaign.

If this had been a Republican administration, every single penny would be plastered on the front page day after day. The Washington Post, New York Times and others would skewer any politician with ties to the now-toxic Goldman Sachs.

Instead, we’ll be lucky if they mention that embattled Goldman Sachs CEO Lloyd C. Blankfein has personally visited the Obama White House on three separate occasions – as recently as March 26. No, they’d never mention that.


Dan Gainor

Dan Gainor is The Boone Pickens Free Market Fellow and director of the Media Research Center’s Business & Media Institute.