Lenin's Favorite Read

Monday we asked a question: Would those who blamed Wall Street’s big drop over the last two months on the new man in the White House give Barack Obama credit if the markets soared on news of the Administration’s bank rescue plan? Turns out in the case of the New York Post, of course not.

The Post is often vilified by liberals and applauded by conservatives for what it does print and does say but rarely does anyone notice about what’s missing. Today is a perfect case in point. While virtually every major American newspaper headlines and front pages the rally on Wall Street and links it to investor’s reaction to the Obama bank rescue plan, the Post plants it firmly on page one — of it’s business section — which is in reality page 29.

Much like Russia’s Pravda and other organs of one-party states, the Post is so dishonest and fearful of reporting stories that don’t fit it’s hard right world view that it treats any news that might be seen as benefiting Obama as non-existent. This kind of journalism belongs in Havana and Beijing, not the United States of America.

The funny thing is the Post could have taken the opportunity to argue that Wall Street is actually a fairly bad barometer of the potential quality of the President’s plan. Sure the paper would have been pretty hypocritical since it’s led the charge in claiming every down day is attributable to this Administration but hypocrisy is the life-blood of this tabloid.

Instead by treating yesterday’s rally as if it didn’t happen the Post looks more and more like what it is. A sometimes-funny rag that has no more respect for journalism or it’s readers than the Chinese Communist Party’s Xinhua News Agency — which played the stock market rally third after their lead “Premier: World Should Have Faith in China”.