Monday, December 14, 2009

Con Air

"On any other day, that might seem strange."
--Cameron Poe (Con Air)

On 60 Minutes last nite, President Obama claimed that he 'did not run for office to be helping out a bunch of fat cat bankers on Wall Street.' I did the LOL thing when I heard the sound bite.

His record, of course, indicates that he's been bailing out Wall Street since the day he took office. $Trillions have been channeled toward the big banks under this administration's watch. This includes boatloads of free money offered by the Fed so that the fat cats can mend their balance sheets risk free.

The chunky contributions that Wall Street made to the president's campaign are difficult to ignore as well.

Perhaps the president is seeking to counter those in the press who are assessing his actions rather than his words. He's trying to talk a good game. And the president knows that many folks love to listen to him talk.

However, the extent to which the public (and the press) give free passes to statements like this seems a nice proxy for how far capacity for critical thought has fallen.

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