Saturday, April 24, 2010

NPR can't find any experts to support Obama's "too big to fail" reform

National Public Radio, which leans left--a lot--was unable to find any experts to support President Obama's financial reform bill, the one that will institutionalize massive bailouts. This is a rare occurrence--the media can almost find an "expert" to support an idea--even a really bad one. Obama's "too big to fail" reform must be a really, really bad idea.

From the Senate Republican Communications Center:

NPR's Planet Money: "I Cannot Find Any Experts – Of Any Party – Who Are Willing To Agree With Obama On This One"

"'A Vote For Reform Is A Vote To Put A Stop To Taxpayer-Funded Bailouts,' Obama Said In His Speech In New York On Thursday. I Cannot Find Any Experts -- Of Any Party -- Who Are Willing To Agree With Obama On This One." ("Experts Say Bills Won't End 'Too Big To Fail'," NPR, 4/23/10)

"We At [NPR's] Planet Money Did An Informal Survey Of Economists And Regulatory Experts On The Left And The Right. We Couldn't Find Any Who Fully Endorse The Reforms Backed By President Obama And Democrats In Congress. Everyone Thinks The Reforms Just Aren't Enough To Solve The Problem." ("Experts Say Bills Won't End 'Too Big To Fail'," NPR, 4/23/10)

"'We're Not Seeing A Very Forceful Step On The Too-Big-To-Fail Problem,' Said Carmen Reinhart, An Economist At The University Of Maryland. 'If there's any doubt that the crisis may be systemic, we will bail out again.'" ("Experts Say Bills Won't End 'Too Big To Fail'," NPR, 4/23/10)
Technorati tags:

No comments: