I've been shuddering during the last few months to see repeated op-ed pieces from Karl Rove in the Journal. A few weeks ago I shuttered anew when I saw an op-ed piece from Rush Limbaugh. It seems to me that in the past one would not see Republican mouthpieces but intelligent and balanced commentators on the editorial pages.
And it seems to me that in the editorials themselves one would not see ignorant slandering. But this appears to have changed, as many long-term Journal readers expected it would, given the track record of other Murdoch-owned publications. For example, Last Summer I saw an editorial that, at the time, blamed the rapidly falling stock market on the FUTURE planned policies of Barack Obama. The thinking went that Obama was beginning to lead in the polls and so the market was heading south because of concern over the prospects should he win the election. Fairly illogical, in my opinion.
And today I read the following snippet in the editorial section in a piece called The Obama Economy:
As 2009 opened, three weeks before Barack Obama took office, the Dow
Jones Industrial Average closed at 9034 on January 2, its highest level
since the autumn panic. Yesterday the Dow fell another 4.24% to 6763,
for an overall decline of 25% in two months and to its lowest level
since 1997. The dismaying message here is that President Obama's
policies have become part of the economy's problem.
Americans have welcomed the Obama era in the same spirit of hope the
President campaigned on. But after five weeks in office, it's become
clear that Mr. Obama's policies are slowing, if not stopping, what
would otherwise be the normal process of economic recovery. From
punishing business to squandering scarce national public resources,
Team Obama is creating more uncertainty and less confidence -- and thus
a longer period of recession or subpar growth.
So now we're blaming a guy who has been in office for five weeks for the stock market ills. His popularity continues to soar, and yet he is cited as "creating more uncertainty and less confidence." Hogwash! What about the tens of billions of additional dollars being thrown AIG's way? What about auto sales that continue to plummet? Home prices that continue to plummet? Bank fundamentals that continue to deteriorate?
Has Obama been putting his best foot forward these past five weeks? I don't think so. And the Journal is certainly entitled to disagree with the President's policies, including the stimulus package just passed. There are many intelligent arguments for doing so. But this ignorant, slandering style of editorial writing is frustrating. I used to expect more and we used to get a whole lot more from this paper. We used to get intelligence...an intelligent perspective that, even if we didn't agree with it, would be sound.
I'm disappointed. I used to regard the Journal as perhaps the single intelligent voice espousing a conservative (some would say moderate) perspective. This intelligence is waning. Thanks alot, Bancroft family. You really screwed this one up.
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