Douglas MacKinnon

As we suffer through the worst economic crisis of our lifetimes, it seems that aside from constantly vilifying the banks, CEO’s, and “corporate greed,” President Barack Obama and most of the mainstream media that has fallen in love with him aren’t really interested in accountability or figuring out exactly how we now find ourselves in this untenable position.

Curious, to say the least.

For months, our new president has talked about the need for transparency and bipartisanship. Except on this subject, there is very little transparency. Coupled with that, you have major media outlets like NBC News, CBS News, ABC News, The New York Times, The Washington Post, and The Los Angeles Times -- all powerful organizations who pride themselves on their investigative abilities -- who basically refuse to have their reporters look into what role Democrats like Rep. Barney Frank, D-MA, president and former White House economics policy makers Larry Summers and Robert Rubin, and others played in the economic meltdown.

By way of evidence, one need look no further than Frank’s appearance on the March 16th edition of “The Today Show” on NBC where Meredith Vieira helped the Massachusetts Democrat bash AIG, while never once asking him about his role in blocking the needed reforms of Fannie Mae and Freddie Mac.

To be sure, you will hear our new president and his supporters in the media blame former President George W. Bush, Republicans in general, and, of course, those evil bankers for a crisis that has wiped out trillions in savings and devastated the lives of millions of Americans.

As a conservative, I agree that the former president, a number of Republicans, and some bankers played a real role in this financial train wreck. It would be delusional not to say so. But, as an American, I find it very troubling that Obama, Democratic congressional leaders, and their allies in the media find no fault with Democrats. None. Not only is such conduct irresponsible, it’s dangerous.

Why is it that, with their budgets of millions of dollars, the big mainstream media outlets refuse to investigate this story? Is this not the biggest economic story in the history of these media outlets? Don’t they have an obligation as journalists to follow each and every fact to its natural conclusion? Isn’t that supposedly their only reason for being?


Douglas MacKinnon

Douglas MacKinnon is a former White House and Pentagon official and author of The Secessionist States of America. (Skyhorse Publishing, 2014)

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