I got into trouble many years ago when I co-hosted CNN’s now-defunct Crossfire show and told an Ambassador from Libya, who was filibustering and denying his government’s links to terrorism, to “Please shut up.” The producer told me that I went too far, but at least I said “please.” On the other hand, CNBC’s Maria Bartiromo went too far when she concluded a Monday interview with Saudi Prince Alwaleed bin Talal, a major Citigroup investor who has been bailed out by U.S. taxpayers, by saying, “Thank you very much for your precious time.”
For several days there was a fierce national debate over whether American car companies in Detroit deserved $25 billion of taxpayer money and whether American jobs should be saved. The automakers and a union representative were ridiculed, didn’t get the money, and were told to come up with a “plan” to save the companies. After backing the $700-billion Wall Street bailout, Bill O’Reilly of Fox News said Detroit didn’t deserve any federal money because the car companies had been mismanaged. This was a point made by many in the media.
Joe Biden made headlines by talking about a “generated crisis” for President Obama. But is the current financial meltdown another “generated crisis?” Why did this crisis suddenly occur only six weeks before the election? Is it just a coincidence that it occurred at a time when John McCain was leading in the national public opinion polls and appeared to be on his way to a November 4 election victory?
It is the story of our lifetimes: a financial crisis is underway and getting worse. As the recession deepens, our jobs and savings are threatened, and our children and grandchildren will probably live in a country with lower living standards and fewer opportunities than what we have enjoyed. America may be reduced to the status of a second- or third-rate economic power, dependent on international agencies like the International Monetary Fund and Arab governments for investment dollars and foreign aid handouts.
Larry Grathwohl, a former FBI informant in the Weather Underground, tells Accuracy in Media that he was contacted by law enforcement authorities about five or six years ago about bringing a murder case against Weather Underground communist terrorist Bernardine Dohrn for her reported involvement in the 1970 death of a young San Francisco police officer, Brian V. McDonnell.
Joe Biden made headlines by talking about a “generated crisis” for a President Obama. But is the current financial meltdown another “generated crisis?” Considering the problems in the economy, including too much federal debt, too much spending and easy credit, which have been with us for years, why did this crisis suddenly occur only six weeks before the election?