Tuesday, February 3, 2015

OUR VIEW

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Mainstream media wonders why they catch such hell from so-called conservative, cantankerous Americans.

They wonder why their credibility in general continues to decline in the public's eye. Here are a few tips. 

Save your adjectives and ad hominem for your editorials. Trying to mask your personal invectives as straight news is an insult to public intelligence.

It's disingenuous and needless. Report don't characterize. You and your grown-up overseers ought to know the difference. It's an overt act of journalistic high dudgeon toward the masses.

In the main it's because they indiscriminately roll out their epithets for those who dare question them. And they do this under the phoney guise of objectivity rather than the agenda their pushing.

A case in point comes from a recent letter hedge fund guru Paul Singer sent to his investors that CBNC, the leftest media outlet, ran a story on yesterday.

The conservative, cantankerous hedge fund manager thinks economic stimulus in Europe isn't likely to work and that the U.S. political system will remain dysfunctional, even with Republican midterm gains.

 Before we get to that, we don't have a camel in this race. We simply track the news everyday and absorb as much as we can all the while trying to ascertain who we can believe and who we can't.

This article taken as noted from a letter Singer sent to his shareholders describes him as conservative and cantankerous at least in part for his opinion about QE European style likely failing.

Another big name money manager, Bill Gross, over the weekend in a Financial Times interview offered a similar opinion.  Now we don't know if Gross is conservative or cantankerous, but we suspect MSM likes Gross a bit more than Singer. 

"Too little, too late"  is how Gross describes the plan. And Gross' former Pimco colleague, Mohammed El Erian, recently voiced his doubts about the plan, not that we'd expect the CNBC  left wing lemmings to note that.

Along the way, even at the recent annual financial grand party at Davos, others, on the left and in the middle, had some doubts about the program. The point here is a simple one, MSM could do it's job without the ad hominem.

Another case in point was a recent story about those dastardly, nasty rich Koch brothers tossing money at upcoming 2016 elections. That might be some serious comedy material if one didn't know the names of Soros, Steyer and Buffett, to name a few on the left, who toss gobs of their money around to influence elections.

Suggesting to a media steeped in Keynesian and quasi-Keynesian apologists that QE European style might fail is viewed as economic treason.

As for Singer's comment about the dysfunctional U.S. political system remaining unchanged even with the recent Republican victories, many Americans--perhaps even a majority--from what we read now believe that might be the only life jacket the good ship USA has left.

Greed might not be good. But gridlock is.

People get it. The point this writer and MSM need to learn is that they can report without the epithets. 

Save them for your in-laws.

That's our view. We hope you know yours.






 

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