Ogre’s Politics and Views

I’ve been told, by those who have dealt with the media a lot, that when you read something that’s clearly biased and wrong, it’s usually not with bad intent. Instead, I’ve been assured, it’s because the reporter is either just plain lazy or a moron. You would think, however, that one David Whitfold, editor at large, of Fortune magazine would be neither. But that doesn’t explain why he can’t report the truth.

Mr. Whitford claims, while writing about Jefferson County’s impending bankruptcy:

But the saga of Jefferson County stands apart. Unlike previous municipal meltdowns, it is a financial disaster that was to a large degree invented, packaged, and sold by Wall Street.

That’s just plain not true. No one on wall street went to Jefferson County with a gun and pointed it at the politicians there and forced them to do anything. The ONLY people responsible for Jefferson County possibly going bankrupt are the politicians who voted to borrow money. That’s it, not another person is responsible. THEY agreed to borrow money and hoped they’d have the revenue to pay it back. That’s irresponsible. Wall street had and has absolutely nothing to do with this. If the politicians were fiscally responsible, they wouldn’t be borrowing money at all.

No, I don’t care if “that’s how it’s done.” If they’re responsible, they would spend within their means. If they hadn’t borrowed any money, there would be no problem today, there would be no “D” bond rating, and there would be no need to consider bankruptcy, period.

I know it’s fashionable to blame Wall Street (and Bush) for every little problem in the world today. But if you examine the facts, you’ll find that Wall Street didn’t cause these problems. In most cases, the source of all the current problems today is irresponsible people in government. And Mr. Whitford would know that, if he actually examined the facts before writing his story.

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Tags: America, Bailout, Freedom, Government //