4/19/2011

pundit4sale

(P) Something that has fascinated me for several years now is how easily some Democratic pundits seem to shift their principles based upon how the wind blows from party leaders. In the short term, it does provide them significant cover in that it is difficult to discern whether they're bought off or honestly believe what they're blathering. But over time, the only value added Dems bring to the equation is inhabiting the reality-based world, in being interested in doing what works.

It's utter nonsense like this spewed by Matthew Yglesias last week - on a Think Progress blog, no less - that starts warranting comparisons to folks like Rush Limbaugh and Bill O'Reilly and Michelle Malkin. Yglesias is actively proposing that powerful people should be above the law. That's a direct assault on the Constitution, not to mention a market-based economy.

So here's the question. Is Yglesias bought and paid for, knowing that the rule of law is a good thing but being willing to shill for criminals nonetheless? Or does he honestly believe that poor people should go to prison for petty crimes while the rich and powerful should maintain their liberty no matter how heinous the consequences of their actions?

I'm obviously a little partial to the Heartland, but the one-two transpartisan punch of Bill Black at UMKC and Tom Hoenig at the KCFRB over the past couple years has been much more interesting than most of the 'liberal' commentary from Inside the Beltway about how we need to Protect the Financial Fraudsters for the Good of us All.

I eagerly anticipate wittiness from Yglesias in favor of the rule of law. Oh wait, just look to the Bush years.

Like this commentary on Attorney General Mukasey.
Or this one on Bush lawbreaking more generally.

Black's response is worth reading in full. And here is the underlying New York Times article from Gretchen Morgenson and Louise Story that set off Yglesias' defense of our rotten system. By the way, how's that for turnabout? The corporate media runs a big story highlighting a major problem, and the 'liberal' blogger Yglesias defends the status quo!

This is also a good place to tie in some commentary from Barry Ritholtz about another NYT article - yes, that's two positive references from me regarding the Times in the same post! Even as the overall US prison population has exploded, the Bush and Obama Justice Departments radically reduced annual referrals of white collar crimes for prosecution. You know, despite the mid-90s having no systemic domestic financial collapse, while a decade plus later, we confront Armageddon that Requires us to Give Rich People Money.

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