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What Do Journalists Think About The Debt Crisis? They Think Americans Got What They Deserved.

Press Debt

First Posted: 08/01/11 07:46 PM ET Updated: 10/01/11 06:12 AM ET

This past Sunday, on "Meet The Press," panelist Tom Brokaw made a statement that was so utterly eye-popping that one had to conclude that it was either a clear sign that the man was showing symptoms of the early stages of senile dementia or had chosen to embark on a new career as an ignorant and horrible person:

This is not just a Democratic problem or a Republican problem -- the whole country was in on this to get us to this stage. Now, we're in a huge spending binge in this country. Everybody was along for the ride for a long, long time. President Bush started a war on a credit card. It's been going on for 10 years. We have prescription drug benefits for the seniors that are not paid for. SEC wasn't looking at what was happening on Wall Street. Democrats were pushing house ownership for people who didn't really deserve and shouldn't be buying houses. At the same time, they were not willing to step up on reforming Medicare and on Medicaid and Social Security. The country itself, they were spending money like crazy, and they were -- they'd gotten used to having Washington take care of whatever they needed.

Wow. It's usually sufficient to just submit the false equivalence into the record and be done with it. Brokaw fulfills that need admirably. The GOP is responsible for some wars and a terrible prescription drug benefit and, via the Bush-era SEC's cluelessness, the financial crisis. Then he squints his eyes and shades his point of view just enough to hang the entirety of the home ownership push on the Democrats, despite the fact that I'm pretty sure I could at least argue that they weren't the ones driving that train, and almost certainly the party that coined the term "ownership society" was. (Naturally, the Democrats are monsters for seeking to preserve Medicare and Social Security.)

But Brokaw takes things much, much further. This isn't a pox on both houses, it's a pox on the entire country! We spent money on things! Too much money, purchasing things, as if we were capitalists, or something. And every day, we live with their personal indebtedness, and the consequences of the same. But as Brokaw points out, the American people never apologized for the giant structural deficits their lawmakers incurred. I can only guess that the future book written by the man who once identified "the greatest generation" will be titled History's Greatest Monsters.

But here's a curiosity. If you handed me a listicle that contained the following items:

-- War in Afghanistan and Iraq
-- The 2008 financial collapse
-- The housing/foreclosure/credit crisis
-- The unambiguously budget-busting prescription drug program
-- The real world impact of Social Security and Medicare on ordinary Americans

I would respond, "Well, I'll phrase my answer in the form of a question, Mr. Trebek! What are important topics that the modern media was completely asleep at the switch in covering? Obviously, you omitted the massive unemployment crisis as well."

Jay Rosen admirably calls Brokaw and his fellow travelers out on this high-faluting bilge:

This is what the majority of our journalists believe about the debt crisis. It was created by both sides. It will have to be resolved by both sides. The American people are hugely to blame, as well. The division of responsibility is thus miraculously equal: one third to the Democrats, one third to the Republicans, one third to the public.

No distinctions between the parties are tenable. It's 50-50 all the way down. Symmetrical. Equal and opposite. Neat and clean. Exquisitely balanced.

To the press? Zero responsibility.

This is what a majority of our political journalists believe. Therefore, they should go to war for this interpretation. They should own it. For it is theirs.

[...]

They should drop the fiction of themselves as chroniclers, referees and interlocutors and get down in the muck with the rest of us. Here's what we think and goddamnit we think we're right!

That is one hundred percent correct. Journalism is about choices. With millions of Americans out of work, the press decided to put all of its labor into creating the Beltway Deficit Feedback Loop. Because journalists had become so inured to being led by the nose by the important people to whom they needed "access," they abandoned the American people. Their excuse? "Well, no one in Congress is doing anything about unemployment, so what's to cover?"

Way back when this whole saga started, the GOP's gambit was, "Give us what we want or we will put the full faith and credit of U.S. Treasury bonds into default." It shouldn't have been necessary to point out to the press that this was an utterly insane, from-the-furthest-reaches-of-Mars position to take. After all, the debt ceiling had been raised many, many times before, without any fuss worth mentioning. If you cannot say objectively that threatening to blow up the world's economy was an extreme position, then the word "objectivity" is meaningless.

But far from taking an immediate stand against the insanity, the press treated the threatened demise of global society as just another interesting point of view among many. It was an exciting tactic, sure to cause waves in the political waters of the Imperial City. Pop some popcorn and let's see where this takes us! Well, where it's taken us is "past the brink." Our political culture has been permanently altered. It has now been deemed an acceptable tactic, in politics, to take hostages and make demands.

By God, everyone is now so fond of having guns pointed at their heads that they've abandoned any notion of maintaining a system of governance that is remotely functional. Rather than having two elected bodies that present policy, stage debates, and take votes, lawmakers now want to offload the duty of making tough choices to a "Super Committee." And if that fails, there will be a trigger that shoots everyone where it hurts them most. That's what it takes, in 2011, for our elected officials to be forced into performing the bare minimum of their job descriptions.

It's utterly bonkers. And the press just thinks it's genius! Nowhere can you find the article titled, "The Proposed 'Super Committee' Is An Insane Idea," or the article that holds lawmakers responsible for making default threats, on the grounds that it is an objectively horrible thing to propose. You won't see these articles because the press doesn't agree with these things.

Well, as Rosen says, they should own this great mess. The media has ENDORSED: default threats on the American people as a means of making policy. The media has ENDORSED: a permanent state of governmental dysfunction. The media has ENDORSED: their own absolution in failing to adequately cover the unemployment crisis.

And their message to you? "Kiss our ass, America. You're on your own."

READ THE WHOLE THING:
"We know what our journalists believe about the debt crisis. Time for them to man up and own it." [Jay Rosen]

[Would you like to follow me on Twitter? Because why not? Also, please send tips to tv@huffingtonpost.com -- learn more about our media monitoring project here.]

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This past Sunday, on "Meet The Press," panelist Tom Brokaw made a statement that was so utterly eye-popping that one had to conclude that it was either a clear sign that the man was showing symptoms o...
This past Sunday, on "Meet The Press," panelist Tom Brokaw made a statement that was so utterly eye-popping that one had to conclude that it was either a clear sign that the man was showing symptoms o...
 
 
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COMMUNITY PUNDITS
wethepeople3884 04:17 AM on 08/03/2011
Even more than the collapse of the sec under bush was 2 bills passed in 99 and 2000 with a republican majority in both houses and a democratic president - that is undeniable. When it comes to the financial crisis, i think clinton shares as much blame as bush for signing into law the ability for investment firms to merge with banks and investment firms with the repeal of glass steagall and the commodity  Read More...
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Erudite2U
04:41 PM on 08/03/2011
It is way past the due date for giving the media what it deserves... a swift kick in the rear and an obtuse attitude towards the stories (propaganda) that they force down the public's throat for the megalomaniacel masters they represent.

US News outlets (pick anyone) are a joke filled with former cronies as pundits with little experience or knowledge of events they profess to "discuss".

HP is following suit very quickly since becoming a wing of AOL...
04:20 AM on 08/07/2011
"the media" is a pretty broad entity. who do you learn your facts from on issues like the debt ceiling debate? but what, the general public cant be expected to sniff out relevant, insightful news perspectives? why such low standards for our citizenry? there was a good point made by linkins about many reporters deferring to those of whom they seek access as to what the conversation should be. but then, those are usually elected officials. in 2012 this country will get what it deserves, for better or worse.
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wethepeople3884
04:17 AM on 08/03/2011
Even more than the collapse of the sec under bush was 2 bills passed in 99 and 2000 with a republican majority in both houses and a democratic president - that is undeniable. When it comes to the financial crisis, i think clinton shares as much blame as bush for signing into law the ability for investment firms to merge with banks and investment firms with the repeal of glass steagall and the commodity future modernization act along with destroying any hopes of allowing the commission led by brooksley borne who was hijacked primarily by clinton appointees in the treasury, sec and fed. I love how no one ever brings this up anymore because republicans are delusional and democrats choose to forget that clinton signed more deregulation legislation in not even two yrs as bush did in eight. Of course, clinton might as well be a republican in his financial regulation policies in his eight yrs as president as nothing and no one in his administration seemed to advocate for financial regulation in any form.
05:55 PM on 08/02/2011
Here in DC we get Al Jazeera and RT (Russian TV) over HD antennae. For the first time in years I am watching intelligent analytical reports from all kinds of specialists and not always from the same talking-heads, who we now know are part of the political system as NBC admitted to Cenk Uygur when they kicked him out. BBC America and PBS are somewhat better, but they’re still too neutral and non-confrontational.
Al Jazeera is heading for the NYC market. And will be a powerful alternative hard to resist. For example, a rumor in DC had someone walking Pentagon's corridors during the uprising in Egypt, and found many offices tuned to Al Jazeera, the network demonized by Rumsfeld as practically Al-Quaeda's ministry of propaganda.
RT combines Soviet era knee jerk attitudes to US activities worldwide, but at the same time has some of my favorite analytical programs such as Tom Hartman, Keiser Report (financial), and the Alyona show. Both Al Jazeera and RT are little concerned with kowtowing to maintain access to sources.
Finally, some years ago, I traveled across the country as an interpreter for three journalists from Lithuania under State Dept’s VIP program to interview TV, radio, and newspaper managers and journalists about American journalism and democracy. We encountered one common thread as one manager stated about his station’s audience—it was at about the 7th grade level, and falling. Education levels explain one of the reasons journalism is of such poor quality.
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MikeWebster
Always happy.
04:11 AM on 08/03/2011
There are all sorts of reasons why journalism standards are dropping in so many countries. One big one is economics, and media concentration that allows a single view point to take over.

What doesn't seem to make sense is why American media - particularly television media, is so bad compared to most of the rest of the Western world. I tend to think it has something to do with American's preferring emotional platitudes that support their pre-existing world view, than detailed evidence based analysis which is require to actually understand a complex world.
03:22 PM on 08/02/2011
Who cares , just another bunch of clowns that belongs in DC with the rest of it
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HUFFPOST SUPER USER
Vic22
"I write to make it right, don't like what I see"
02:55 PM on 08/02/2011
Just like Krugman said recently, this false equivalency of the two sides, and acting like the extremists are reasonable has allowed them to have a voice that they never should have had in this debate
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jimall3
02:44 PM on 08/02/2011
The headline implies that Journalists are not Americans and/or believe themselves to be part of some separate and insulated superior cast or class. How vain and boring of them. Such attitudes are narcissistic and juvenile.
02:28 PM on 08/02/2011
Exactly on point! The media either wants to assign no blame, or blame everyone - keep it "even;" that, for them, is "evenhandedness" in reporting. When one party does something so extreme so as to defy all reason, they cannot call them on it, but look for the fault elsewhere. That passes for serious "objective" thought. What is crazier than taking the country to the brink, on a matter that should not even bear discussing? If they want to take Congress to task for spending, it should be when they voted to spend the money, not when it came time for the bills to be paid. If they want to talk about the brinkmanship - the field is not even; Congress has been held hostage to the Tea Party. They have already forgotten about Wall Street, and about what caused the housing bubble - taking up the Republican line (and lie) about poor people getting more than they deserve. They say little about where the deficit actually comes from - an unfunded war and tax cuts to the rich, blaming it on Medicare and Social Security, which is a damnable lie. There is no analysis of the deeper problems of our society which will make high unemployment an enduring fact. There is no criticism of the Koch brothers and other billionaires who fund the Tea Partiers and most of the anti-unon, anti-worker, anti-democratic bills in Congress and the state houses across the nation. Garbage reporting.
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Loxinabox
I live in a van down by the river
02:38 PM on 08/02/2011
You say anti-union like it is a bad thing! Why do you think jobs go overseas? For a vacation?
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Unsui
You callin' my Bio micro?!
05:21 PM on 08/02/2011
"Free" market trade deals? Huge tax breaks for moving jobs overseas? Poverty stricken labor who will work for pennies? Am I right yet?
06:13 PM on 08/02/2011
Maybe jobs go overseas to increase profits. Did you ever see the price of goods manufactured overseas go down? Maybe if you belonged to a union you wouldn't be living in a van by the river.
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rebelriser
artist, published author, activist
01:43 PM on 08/02/2011
So now the debt ceiling is raised, as was meant to be done in the first place before Republicans, who had done it MANY times with no strong hindrance, tried to load down with demands and threats.
NOW someone please lock them all up in some basement room and order them to settle the debt in a more civil manner with ALL on the table. Meaning tax increase and no more loop holes for the wealthy on the table. We won't let them out of that damp, sunless room until they do a civil job with considerations for all citizens. The wealthy are last on the list of considerations.
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Loxinabox
I live in a van down by the river
01:48 PM on 08/02/2011
Obama never would have used the 14th amendment he wants a second term. Anyone know why Bill Clinton suggested Obama use it? Anyone?
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MikeWebster
Always happy.
04:19 AM on 08/03/2011
He should have used it. It would have saved the country from the disasterous policies put forward by the Tea Party.

On the other hand, you might be right that it would have been electorally problematic.
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Loxinabox
I live in a van down by the river
02:39 PM on 08/02/2011
You do not understand so I will explain it one more time. The S&P and Moody's has said that raising the debt ceiling and raising taxes will cause them to downgrade our credit rating. They said only huge cuts in spending that would create a sustainable budget will stop them form down grading America's credit rating.
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kathy001
Don't bogart that duck
03:05 PM on 08/02/2011
No, they did not. They said that raising the debt ceiling without addressing the deficit could still cause our credit rating to be downgraded. They never mentioned raising taxes.
dmac
I'll explain later.
03:37 PM on 08/02/2011
Making things up doesn't make it true. The S&P and Moody's simply wanted to see the debt ceiling raised and a credible plan to reduce the deficit. A credible plan would include spending cuts, revenue increases, or a combination of the two. Just because the RW rejects tax increases doesn't mean that's the correct approach. They did NOT specify what approach should be taken:

http://www.moneynews.com/StreetTalk/DebtShowdown-CreditRating/2011/07/30/id/405410

Now, would you like to back up your clain?
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1Truthseeker
Explore,Discover,Create
12:59 PM on 08/02/2011
To say that everyone is responsible is to say that no one is responsible because you cannot hold everyone to account for the decisions and choices that they have made. We elect government officials to craft policies that will bring benefit to all of it's people. The massive disparity in wealth distribution and economic opportunity is a testament to the fact that our campaign finance laws usher elected officials into office who are indentured to the highest contributors of their campaign. Reforming our campaign finance laws will not work! We must eliminate them and begin anew. Limit all campaign financing to public financing for every level of government as well as every office. Legislate a 2 term cap for every elected and appointed position. Prohibit by law any individual who has served in government ,appointed or elected from lobbying our government for the remainder of their life. With out such a fundamental change the people will continue to be stripped of their ability to hold their elected and appointed officials to account. We have know for decades that this fundamental change must be made. What has stood in the way is big money! For such a change to be effected it must rise up from the grass roots! It's the first step to cleaning money influence out of government.
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MikeWebster
Always happy.
04:26 AM on 08/03/2011
One of the problems is that there is a culture of borrowing and taking on debt these days, that means that America's private debt is close to $40 trillion - much higher than public debt. In the old days, debt was something people felt deeply ashamed about. Not so any more.

Private debt is clearly a completely different issue from corporate or Government debt though - so the statement he made is wrong. In fact there are a set of economic policies that have been mainstream Republican since Ronald Reagans time that are largely responsible for the current Govt Debt.

Yep. Corporations, and vast sums of money need to be outlawed for election campaigns.
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HUFFPOST SUPER USER
1Truthseeker
Explore,Discover,Create
01:37 PM on 08/03/2011
Borrowing is a deadly part of our culture because it hampers and prolongs the process of generating real wealth. This issue of debt seems to be at the foundation of US economic policy. The main issue is with the Federal Reserve who perpetrate this our economy of borrowing. This is a private institution created by the 8 largest Bank Holding Companies each of whom is family owned. It was in 1913 that Woodrow Wilson pushed Congress to authorize the Federal Reserve with running US Monetary and fiscal policies and determine the amount of money that can be in circulation at any one time. The right to print money and the right to determine the quantity of money is a Sovereign Right of a government. It was handed over to the Federal Reserve to insure the financing of US participation in WWI.
Being a private institution all of the Fed policies have been self serving. Notice that today these Bank Holding Companies hold 80% of National GDP. Every major financial and thus economic calamity to hit the US since 1913 has been brought about by Fed policies. Today every dollar that the Fed prints is automatically a dollar of Debt to the US taxpayer. To learn more go to see a documentary @

http://www.youtube.com/watch?v=swkq2E8mswI
12:57 PM on 08/02/2011
The greatest generation book was so biased. The whole war was won by officers that did good after the war. There were few enlisted men in his generation, but they were the ones who actually did the job. I started to read the book until I realized that he only intended to write about officers and then towards the end of the book he threw in a few enlisted men.
12:43 PM on 08/02/2011
Get you head out of the sand and stop you ideological thinking:

1) War in Iraq: dems voted for it, Obama continued Bush plan and maybe beyond!!
2) Afghan war: everyone wanted it, Obama has doubled down
3) Drug program: Dems wanted a bigger one. The semi private plan has been under CBO price
4) Housing/financial crisis: Clinton's "modernization" act allowed the banks to get bigger. Dodd and Frank prevent any reform to Fannie/Freddie in 2006


We all as Americans failed. We all went on a spending and debt spree without thinking about the consequences. Both sides are to blame. Now both the far right and left are preventing us from finding real solutions.
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Loxinabox
I live in a van down by the river
12:46 PM on 08/02/2011
No only the Dems are to blame Bush tried to save America from the Dems.
12:49 PM on 08/02/2011
Sounds like you're in your own little world in your van down by the river.
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HUFFPOST SUPER USER
Daniel McMillan
Independent Thinker
01:07 PM on 08/02/2011
Interesting viewpoint. Obviously wrong, but interesting.
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HUFFPOST SUPER USER
Jond0
no expectations no surrender
02:16 PM on 08/02/2011
No we're NOT all to blame for this -- there was a VERY vocal minority from the beginning of 2000 when gwb was appointed and we KNEW where it was going to go -- not a very good place, and it turns out we were RIGHT!

AND -- the media cheerleaded the whole time and are more responsible than say, a regular person with no platform to broadcast from, and ones who were painted as loons by such so-called 'journalists.'
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MikeWebster
Always happy.
04:31 AM on 08/03/2011
Absolutely. The election of Bush was obviously a disaster from the beginning. It was clear that he was at the very least intellectually challenged, and not fit to be President.

As the ongoing disaster of his presidency unfolded, it just got more and more depressing.
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epochme
12:40 PM on 08/02/2011
many libruls would be glad to help you out... we are after-all... community activists
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Loxinabox
I live in a van down by the river
12:47 PM on 08/02/2011
When does Acorn start hiring? I had a friend that made some serious money off that scam last time!
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HUFFPOST SUPER USER
afram1
I am your brother
01:01 PM on 08/02/2011
You know...it is difficult to have an honest discussion over political approaches to deal with American problems with this juvenile garbage.
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MikeWebster
Always happy.
04:32 AM on 08/03/2011
Good to see you feel totally comfortable in expressing yourself, even though what you say is at best fantasy, and worst a lie.
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epochme
12:39 PM on 08/02/2011
brokaw szszaidit...
12:37 PM on 08/02/2011
I agree with Jay Rosen and Jason Linkins that there are some horrible people in the media today, especially on television. Many of them are not only incompetent but they’re also petty and mean-spirited. This certainly isn’t most of them but it is some of the most prominent among them. They don’t do any research or investigation. They think reporting is listening to their contacts give them anonymous quotes that often amount to petty gossip and sometimes come close to slander. They then repeat these quotes with no attempt at finding out what’s true or false.
The rest of the time they’re either giggling like children about how someone looks or dresses, or they’re taking someone’s personal tragedy like a kidnapping or a brutal murder and turning it into a spectacle and treating it like entertainment for the masses. They should think about their past actions when they wonder why they’re being by-passed so often.
Jon Steward seems to do much more research into the stories of the day then many network personalities who don’t seem to know the difference between news and gossip. Also, with the internet we can see news events for ourselves without a media filter. We can also see newspapers from around the country and around the world and TV from other countries. For those of us who use many news sources it’s easy to see who’s credible and who should just be moved to the entertainment division.
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epochme
12:37 PM on 08/02/2011
the Obama presidency is pathetic to be sure... the George Bush presidency- remember him... the guy who got us where we are today- in a giant hole the size of which we have not known... was nothing short of the criminals running the asylum... lox can't go a day without a good teabaggin...