Media Promote a Socialist America

Media Promote a Socialist America

$920 Billion in More Bailouts on the Way

WASHINGTON, Sept. 30 /PRNewswire-USNewswire/ -- "The Wall Street 'bailout' has been the subject of more one-sided media coverage than Barack Obama's campaign," Accuracy in Media editor Cliff Kincaid said today. "The media love Obama and they love this 'bailout.' What they have in common is a desire to massively increase federal government involvement in the economy. But our media won't label it for what it is -- socialism."

Kincaid, a journalist for 30 years in Washington, D.C., who has written several recent columns about the financial meltdown, added, "There is no legal or constitutional basis for the seizure of America's financial sector by the Treasury Department and the Federal Reserve. What we are witnessing, if the federal takeover goes through, is the destruction of America's free enterprise system. What's more, because the 'bailout' constitutes piling more debt on more debt and more spending on more spending, there is no reason to believe it will ultimately succeed."

Kincaid noted that the chorus in favor of a socialist takeover of the U.S. economy includes not only traditional liberal media but "conservative" papers such as Investor's Business Daily and the Wall Street Journal and "conservative" commentators such as Fred Barnes and Charles Krauthammer of Fox News and Republican blogger Hugh Hewitt.

Kincaid recently interviewed analyst and investor Peter Schiff, who spoke from personal experience about the fact that coverage of the financial crisis has been slanted in favor of the socialist approach. Kincaid's column, "Socialist 'Bailout' Could Spark Collapse," in which he quotes Schiff as saying that the federal takeover plan will make the economy worse in the long run, can be found at http://www.aim.org/.

In another column, "$920 Billion More to Bail Out the World," Kincaid also notes that more federal bailouts are pending in Congress, and that these propose to cancel the debts of foreign countries or provide them with more foreign aid. The total cost of these bills is $920 billion.

Accuracy in Media is a citizens' media watchdog organization whose mission is to promote fairness, balance, and accuracy in news reporting. Founded in 1969, AIM is the oldest non-profit press watchdog group in America. For more information, please visit http://www.aim.org/.

To arrange an interview with AIM editor Cliff Kincaid, contact Sarah Schaerr Norton at (202) 364-4401 ext. 107 or sarah.schaerr@aim.org.

Available Topic Expert(s): For information on the listed expert(s), click appropriate link.

CLIFF KINCAID

http://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=60942

Source: Accuracy in Media

CONTACT: Sarah Schaerr Norton of Accuracy in Media, +1-202-364-4401 ext.
107, Sarah.Schaerr@aim.org

Web Site: http://www.aim.org/

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