Friday, May 25, 2012

Krugman Unloads On Wall Street And Its Media Defenders

Krugman calls the Wall Street bankers whiners.  They brought the economy to its knees and they only exist because government came to their rescue.  They are crying now because they are not getting the respect that they believe to be their due.  After all, they still believe that they are the "masters of the universe".  The CEO of Goldman Sachs claims that they do God's work.  I guess God must operate a hedge fund and pay off politicians so that she does not have to pay taxes.

David Brooks is one of Wall Street's reliable defenders.  I posted a critique of the fairy tale that he made up about the role of financiers in rebuilding the US economy.  Since Krugman writes for the same paper, he usually refrains from attacking Brooks.  He does not mention his name in this op-ed, but its pretty clear  to most readers that Brooks is the target of his" fairy tale" critique.  Brooks fools a lot of people into believing that he is an impartial observer. He usually throws in a criticism or two of his party, before reaching his conclusions which always reflect current conservative positions on hot topics. All of his ideas come from the conservative National Review, the opinion page of the WSJ, or from conservative think tanks and academics.  He is very good at packaging those ideas into op-eds that reach a large audience.  George Will does the same thing for the Washington Post.  They have different target audiences, however.  David Brooks targets the more sophisticated NYT reader.  George Will reaches out to social conservatives through the syndication of his op-eds in small town newspapers. Prostitutes are step up from these guys.  They do no harm in the operation of their business.  Brooks and Will are very smart propagandists.  They hurt a lot of people by selling their brains to the highest bidders.

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