Charles Pierce names and shames them in the pages of Esquire, writing about the "the undeniable fact that, over the course of a decade, a bunch of cheats, thieves, and suited mountebanks stole most of the national economy and then wrecked whatever was left of it. But what's most extraordinary about the whole thing is that, after they swindled their swindles and heisted their heists, and got paid off by the rest of us for having looted our naional economy, they all kept doing the same things they were doing before. These included extravagant bonuses and, of course, continued crimes of capital that ought to be capital crimes."
On the same day I read, Joe Nocera in the New York Times saying it's not important to punish the banks. So clearly the liberal media is in large part in cahoots with right wing message points, avoiding any structural analysis, while pushing for mild "reforms" unlikely to reform anything.
One consequence of our corporate news system, according to Richard Flanders in the Atlantic is that Americans are being steered into becoming even more conservative.
"Even with the president's approval rating showing signs of life and the Republicans busily bashing themselves over the head -- "one is a practicing polygamist and he's not even the Mormon," retired Supreme Court Justice Sandra Day O'Connor recently quipped about her party's two frontrunners -- America continues to track right, according to polling data released by the Gallop Organization this week." he writes.
"Americans at this political moment are significantly more likely to identify as conservative than as liberal: conservatives outnumber liberals by nearly two to one. Forty percent identify as conservative, 36 percent as moderate, and 21 percent liberal."
Most upsetting is that the people who suffering the most are stuck in the Alice in Wonderland world of conservative ideology.
This study concludes. "The ongoing economic crisis only appears to have deepened America's conservative drift - a trend which is most pronounced in its least well off, least educated, most blue collar, most economically hard-hit states.
The public becomes dumber in part because our media is a dumbing down machine. No wonder, alternative voices are brushed to the margins by our not so free press. This past week, I was interviewed by RT and AlJazeera, but none of the US TV news networks I used to work for will have me on. It's not a personal thing: I am not alone.
Yes, MSNBC has added two progressive hosts, but in the morning, on weekends, when viewing is lowest. Fox, meanwhile, dumped Judge Napolitano and his sometime sensible and outspoken libertarian show. Can't have that, can we?
It's time for Occupy Wall Street to add media reform to its emerging agenda. The media war is as real as any other, and unless we fight that one, we will lose all the others. Politics is a war of ideas, of different narratives in collision.
It's not enough to chant, "We are the 99%." We have to explain who rules America and how to change it.
One way to do it is educate the country about how many of the same interests that own the banks own the media.
Perhaps that's why most media outlets are not reporting that unemployment increased this month and that underemployment is up to 19%
Writes Rex Nutting on Market Watch: " Everyone knows that the Great Recession has inflicted tremendous damage to the lives and fortunes of millions of Americans. But what you may not know is that most of the suffering is still to come.
We're not even halfway done with this mess."