Please note that Anthony Faiola is the author of the WaPo article wishing for the end to American capitalism. Finkelstein is the author of the NewsBusters article criticizing Faiola.
Posted on 10/11/2008 3:43:23 AM PDT by governsleastgovernsbest
Was the current economic situation caused by too little government intervention in the financial markets—or too much? I'd say the latter. Washington used Fannie/Freddie as a political piggy bank, causing it dole out loans to people who had no business receiving them. And because Freddie and Fannie's obligations enjoyed the implicit guarantee of the federal government, they were able to obtain funds at lower rates and become by far the biggest dog on Mortgage Street. That in turn caused private-sector banks to lower their lending standards in order to be able to compete. Throw in the Community Reinvestment Act, another major bit of government meddling that forced lenders to compromise underwriting standards, and you had a recipe for the current unpleasantness.
But the Washington Post, in the person of Anthony Faiola, sees too much capitalism, not too little, as the problem. According to his official WaPo bio, he "writes about the forces of globalization" for the paper. Faiola's article in today's WaPo is entitled The End Of American Capitalism?—and it seems clear he'd love someday soon to be able to remove the question mark.
(Excerpt) Read more at newsbusters.org ...
Please note that Anthony Faiola is the author of the WaPo article wishing for the end to American capitalism. Finkelstein is the author of the NewsBusters article criticizing Faiola.
Anti-capitalists see their chance ping to Today show list.
I’m hoping for an end, not to capitalism, but to the Washington Post. This trashy source of lies, gossip and bias has done incalculable damage to the republic for decades. Fortunately, it is in the midst of a readership and advertising decline that will hopefully continue on a downward trajectory.
That’s exactly why they want an end to capitalism.
Can’t compete in a free market? Get the government to subsidize your crappy product by suppressing the competition- (the fairness doctrine).
Why do I have the feeling that this writer knows which direction Mecca is?
Who’s the kid in the picture? Faiola?
Yup!
He looks like he’s really experienced a lot*, so he’s really well-informed about capitalism.
*In his parents’ basement.
Maybe not - he is definitely a Communist though. He and the direction of Mecca are just friendly. ;)
Another great article, Mark. Thanks for keeping an eye on these clowns. Anthony Faiola’s (never heard of him before today) nonsense is given tremendous amplification by the WaPo. Here in flyover country, I’ve never read the WaPo. I never will.
Fifty years of government schools promoting socialism and preaching hate for America is starting to take effect.
Honest professors hire the best teachers available. Liberal/Marxist professors only hire liberal/Marxist professors. The same is true of journalists and filmmakers and TV commentators. Once the Marxists get into a position where they can control hiring and firing their numbers grow. That is the source of the problem and it is very hard to reverse. We are paying the price right now for our lack of diligence over the last 70 years. I'm not looking forward to meeting Comrade Obama. It is time for McCain to wake up and listen to the people. Right now he and Palin are our only hope.
uesday Sep 18, 2007
Faiola Becomes Post’s Next Global Economics Reporter
From the Washington Post’s internal announcement, obtained by FishbowlDC:
We are delighted to announce that Anthony Faiola will be our next global economics reporter. He will chronicle the tremendous impact that increasingly global markets, outsourcing and the free trade policies pushed by the U.S. are having on the economic well being of people throughout the world. Tony brings to this coverage a sharp eye for telling details, a talent for storytelling and a first hand knowledge of globalization. During his time in Latin America and Asia, he wrote about hungry, desperate mobs descending on an overturned cattle truck in an economically devastated Argentina, Brazilian elite resorting to helicopters to avoid urban violence, and the dramatic response of the Japanese to soaring global energy prices.
Tony began his career at the Post in 1994, when he joined the Financial staff. He then spent more than five years as the bureau chief based in Buenos Aires, before becoming the Northeast Asia bureau chief, based in Tokyo and then the New York bureau chief. Before coming to the Post, he worked as a financial writer and government reporter at The Miami Herald. Tony will move to Washington and start his new beat later this fall.
The irony in all of this is that the left covets the wealth that free enterprise has created, and in their zeal to possess it, they’ll kill and eat the golden goose. All they’ll be left with is absolute political power and the ability, and necessity, to force people to produce, as slaves.
Here's a helpful hint, which works on a lot of pictures posted here. Right click on the picture, then go down to "properties". When you click "properties", it will give you info on the picture. In this case, the URL will give you the name of the picture. This doesn't ALWAYS tell you what you want to know, but a lot of times it does.
And, according to Rev. Manning, 400 years of Black anger against Whites is also about to take effect.
All the pieces are falling into place:
Army combat unit to deploy within U.S.
"The plan is drawing skepticism from some observers who are concerned that the unit has been training with equipment generally used in law enforcement, including beanbag bullets, Tasers, spike strips and roadblocks. That kind of training seems a bit out of line for the unit's designated role..."
According to Northern Command's Web site, the CBRNE Consequence Management Response Force is a team that will ultimately number about 4,700 personnel from the different military branches that would deploy as the Department of Defense's initial response force.
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