Have you noticed that the media largely fail to connect the dots between related events?
In all the reporting on the auto industry’s ills, little is said about the government as the chief cause. Politicians holler at auto executives in hearings and beat their chests in interviews, but never mention Corporate Average Fuel Economy (CAFE) mileage standards. Just like unaffordable union contracts (mentioned incredibly often by the same politicians who now wish to give the unions expanded), unchecked power wreaks the same destruction in other industries via the Employee Free Choice Act (which steals away free choice).
In all their reporting of how the sub-prime mortgage meltdown purportedly triggered the financial industry collapse (as a child’s sneeze might topple a meticulously constructed, floor to ceiling house of cards), they uttered hardly a word about Barney Frank and Gang’s push for financial institutions to provide mortgages to the woefully unqualified.
Nobody mentioned the the Clinton Administration’s push for home ownership as a God-given right to be facilitated at any cost, let alone the years of criminal conspiracy and obscene executive compensation at Fannie and Freddie...
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