Wednesday, October 01, 2008

The economic crisis: How we got into this mess

If you care about your family, your money or your future, please, please watch this short video clip on how we got into this economic crisis!

3 comments:

Anthony said...

Of course Fox News would cover government-backed Fannie and Freddy's role in the economic collapse. No doubt they played their part. But there's a litany of other reasons which challenges the philosphy that markets are self adjusting and that the role of government should be minmal. This angle obviously won't be covered by Fox. I encourage anyone who watches this to seek out more information on the many reasons for the economic crisis as Fox has a well-known agenda to deflect blame from the Bush administration and conservative thinking in general. This is no secret and if you're offended that I would even consider that Fox is biased, well then there's no hope for you anyway. I'm not saying that you're not going to find bias in other news sources because you most certainly will. One should understand that all media frame news in a particular way and this should be taken into account when formulating opinions.

Dennis said...

Anthony, you are hearing it from Barnie Frank's own mouth. What difference does it make whether the video was posted on Fox, CNN, ABC, MSNBC, CBS or PBS?

I know a lot of conservatives but I don't know a single one who thinks Fox is really "fair and balanced." To be entirely "fair and balanced" is impossible. No one is unbiased--especially not the Democratic lapdogs in the mainstream media who practically campaigned for Obama!

But watching Fox at least gives you access to news that the other stations choose not to report.

Anthony said...

I'm not challenging the fact that dems including Frank made mistakes, the biggest of which was their opposition to regulation of Fannie Mae and Freddie Mac.

I'm questioning the misleading title of the post "The economic crisis: How we got into this mess" (as if non-regulation of GSEs was the only factor) while pointing out that, like the posts title, Fox leads its viewers to believe democrats are mostly responsible while absolving the right from any misdeeds that contributed to the meltdown. This is made clear by the stories they choose to cover.

Fact is Fannie and Freddie came late to the subprime game and their problem was similar to that of the private sector - an inadequate regulatory system.

Watching Fox absolutely gives you a different take on news than other networks but how does one rally against "mainstream media" coverage while admitting that the news network they're partial to is also biased. Sounds a bit like the pot calling the kettle black.