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S&P Blames Republicans, Mainstream Media Fails to Report It

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Have you seen, anywhere, in any media, or even heard reported or repeated on NPR, the following sentence? 

"We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act."

It's right there on Page 4 of the official Standard & Poor's "Research Update" -- the actual report on what they did and why -- published on August 5th as the explanation for why they believe Congress -- and even the Gang of Twelve -- will be unable to actually deal with the US debt crisis.   Perhaps it's just lazy -- the bullet points at the beginning of the report don't mention the Republicans or taxes, but instead just say, for example (part of one of six quick bullet-points): 

"[T]he downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges"

In order to figure out that one of the reasons why is that "Republicans in the Congress continue to resist any measure that would raise revenues," a hard-working reporter would have to read to page four of the eight-page report.  

It's just too much effort for most reporters? 

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Although they do also mention this in the very first sentence of the report: "We lowered our long-term rating on the U.S. because we believe that the prolonged controversy over raising the statutory debt ceiling and the related fiscal policy debate indicate that further near-term progress containing the growth in public spending, especially on entitlements, or on reaching an agreement on raising revenues is less likely than we previously assumed and will remain a contentious and fitful process." (Italics mine)

Or could it be that many reporters -- and virtually all of the television talking heads -- are themselves relatively high income-earners who don't relish the idea of higher taxes?

Or could it be that reporters are afraid that if they report the actual language of the S&P Research Report, then Republicans will punish them by denying them "access" -- i.e. refusing to show up on their programs -- which is the career and show kiss-of-death for radio and TV programs that rely on big-name politicians to work?

I don't know the reason, but it's fascinating to see all the huffing and puffing about the S&P downgrade of America's debt that all seems to be working so hard to avoid mentioning that critical sentence.

Inquiring minds want to know"

http://www.thomhartmann.com/blog/2011/08/mainstream-media-ignores-sp-attack-republicans

 

http://www.thomhartmann.com

Thom Hartmann is a Project Censored Award-winning New York Times best-selling author, and host of a nationally syndicated daily progressive talk program on the Air America Radio Network, live noon-3 PM ET. www.thomhartmann.com His most recent books are "The Last Hours of Ancient Sunlight," "Unequal Protection: The Rise of Corporate Dominance and the Theft of Human Rights," "We The People," "What Would Jefferson Do?," "Screwed: The Undeclared War (more...)
 

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This is a conspiracy, their critique appears bipar... by Dante DeNavarre on Saturday, Aug 6, 2011 at 12:14:15 PM
Didn't they read the damned report? Why aren't the... by Rob Kall on Saturday, Aug 6, 2011 at 12:50:08 PM
It is maddeningly frustrating that Obama persists ... by manifesto 2000 on Saturday, Aug 6, 2011 at 4:06:32 PM
But Norquist has no answer. The only two things h... by BFalcon on Saturday, Aug 6, 2011 at 9:04:57 PM
As I pointed below. This is wishful thinking, S&am... by BFalcon on Saturday, Aug 6, 2011 at 9:01:24 PM
How do I find out how much Social Security has tak... by Taylor on Sunday, Aug 7, 2011 at 9:55:44 AM
And please spread the info: http://www.ssa.gov/... by BFalcon on Sunday, Aug 7, 2011 at 7:54:46 PM
Of course MSM ignores it.  One hand washes th... by Conniepae on Saturday, Aug 6, 2011 at 12:50:15 PM
naive to think that the majority of US citizens do... by DarthEVaderCheney on Saturday, Aug 6, 2011 at 12:57:41 PM
Local headlines in the Oregonian gave "insufficien... by eaglew on Saturday, Aug 6, 2011 at 1:11:13 PM
   I've said it before and I will say it... by Paul Diamond on Saturday, Aug 6, 2011 at 2:36:06 PM
"Or could it be that many reporters -- and virtual... by Rixar13 on Saturday, Aug 6, 2011 at 2:41:21 PM
Have heart, Thom; We're all out here putting ... by molly cruz on Saturday, Aug 6, 2011 at 3:16:09 PM
I came home today and turned on CNN to get a 'quic... by Nancy S on Saturday, Aug 6, 2011 at 5:08:57 PM
I wish, Thom, that you were right, but you are not... by BFalcon on Saturday, Aug 6, 2011 at 8:28:17 PM
  Sue S&P in a Class Action Lawsuit. &nbs... by Taylor on Sunday, Aug 7, 2011 at 10:06:37 AM
And if we can find enough support, let's go. I... by BFalcon on Sunday, Aug 7, 2011 at 8:02:32 PM
This passage is clear - the S&P gave the US a ... by Gustav Wynn on Monday, Aug 8, 2011 at 5:48:59 PM
But you elaborate too much. You can imply that the... by BFalcon on Tuesday, Aug 9, 2011 at 9:07:20 AM
The Rich Club, banks and Congress included, just d... by Tim Jones on Sunday, Aug 7, 2011 at 12:02:46 AM
"We have changed our assumption on this because th... by Michael Dewey on Sunday, Aug 7, 2011 at 5:57:22 AM
The corporate media would prefer that the people w... by Wayne Brumley on Sunday, Aug 7, 2011 at 2:30:43 PM
As I read the S&P report, it did not blame Rep... by Mark Browning on Sunday, Aug 7, 2011 at 3:35:07 PM
Dear GOP:Thanks for making life harder on students... by Carl Larson on Sunday, Aug 7, 2011 at 6:03:04 PM
The MSM consistently fails to report anything that... by ear on Sunday, Aug 7, 2011 at 7:13:26 PM
Thom Hartmann is right about the media failure to ... by Eugene Elander on Sunday, Aug 7, 2011 at 11:26:39 PM
So let me get this straight...You neglect pages 1,... by Ed Ott on Monday, Aug 8, 2011 at 2:12:12 AM
Thank you for telling the "whole" truth of the mat... by Karine Aguilar on Wednesday, Aug 10, 2011 at 1:25:55 PM
Although this is an important point to make people... by Peter Lawlor on Friday, Aug 12, 2011 at 8:07:07 PM