econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



posted on 20 May 2015

Stupid Media

Written by

In a previous post (For America, AIIB and Ukraine Are Related!), I stated:

How could a sensible America have become so brainless? Thanks to democracy, as we practice it today! Specifically, self-serving career politicians and Stupid Voters have formed a lethal combination in America!

What's sitting between self-serving career politicians and Stupid Voters is often the stupid media, of which I will show three examples:

  1. Article #1: The Lessons Obama Could Learn From V-E Day (Wall Street Journal, May 11, 2015).
  2. Article #2: America's Broken Ladder (Time, May 18, 2015).
  3. Article #3: Bond forged under sanctions (Chicago Tribune, May 12, 2015).

Let me elaborate on each.

1. Article #1

Here is an excerpt from Article #1:

While Russia and China are increasing military spending by 10% and 15%, the U.S. is cutting into its military muscle (minus 6%).

This argument alone looks perfectly valid until you see the two charts below:

With these two charts side by side, how many people in the world, other than some Americans (Stupid Voters), would believe that our military is for self-defense?

Indeed, China and Russia have increased their military spending from 2007 to 2012, but that's nothing when compared to our military spending! Besides, while China's increase is a recent phenomenon, we have been spending like that for the past seven decades, at least!

2. Article #2

Here is an excerpt from Article #2:

How to fix it? We need to think about narrowing the gap between those at the bottom and the top ... Another overdue fix: we should expand Social Security by lifting the cap on payroll taxes so the rich can contribute the same share of their income as everyone else.

In short, taxing more on the rich (and the middle class) to save the poor! But isn't that what we have been doing since 1964 (Civil Rights Act: 50 Years Later), at least? Aren't we supposed to be the Great Society already?

Here are two charts, showing the relationship between poverty and federal spending:

For more, read: Poverty in the 50 years since 'The Other America,' in five charts.

3. Article #3

Article #3 is actually very well written, especially when compared to Articles #1 and #2. Here is an excerpt:

Neither Russia nor China has one inch of coastline on the Mediterranean Sea, which made their decision to hold their first-ever joint naval maneuvers in Europe's backyard all the more provocative, a pointed demonstration to the West of the global reach of a powerful new alliance being forged by the Eastern giants.

Well stated! However, to be politically correct like most, if not all, articles of this nature in America's mainstream media, it has to soften the blow to America by nitpicking some problems out of the "powerful new alliance". Because of that I suppose, the author uses the second half of the article to shoot holes in the alliance, such as this statement: "Most telling of trouble in the relationship, though, may be the failure of Xi and Putin to fine-tune the terms of their energy deal of a year ago."

What an absurd statement! America must understand that both President Xi and President Putin have proven to be far more capable than President Obama! They set the course and the details will be worked out by their respective teams in due course!

The new Russia-China alliance is largely the result of America's brainless foreign policy! For more, read: Three New Kingdoms.

4. Discussion

Together, these three examples illustrate a serious problem with America's mainstream media: it's intricately entangled with money and politics! Two informative readings:

  1. Freedom of the Press in America and in China.
  2. Brainwashing in Communism and in Democracy.

Specifically,

  1. Article #1: It's a trick played by the extreme right to keep fooling the 20% voters on the far right (Stupid Voters): keep spending on our military, in order to keep feeding the MIC (Military-Industrial Complex)!
  2. Article #2: It's a trick played by the extreme left to keep fooling the 35% voters on the far left (Stupid Voters): keep taxing the rich (and the middle class) in order to save the poor!
  3. Article #3: Political correctness has overshadowed the real message of the article: the new alliance between Russia and China has created a new challenge for America. We can deal with it, starting with a critical self-examination, or continue to downplay its significance by trivializing it whenever we can!

Change, America!

Think, America, truly on a global scale!

5. Closing

America, reform our political system as I have suggested, or become an also-ran, second to China!

Page Code: 28Count: 1105

Click here for Historical News Post Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.




Econintersect Contributors


search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
Empty Rhetoric: On the Work of Deirdre McCloskey
Men Without Work
News Blog
February 2017 Median Household Income Up 1%
Hacker Kevin Mitnick On Password Managers And Online Safety
Third Estimate 4Q2016 GDP Revised Upward. Corporate Profits Up.
25 March 2017 Initial Unemployment Claims Rolling Average Again Worsens
Adjusting To An Imperfect Reality
Employers Wise To Tap Into Older Workers Waiting On Retirement
Infographic Of The Day: How Seven Types Of Global Megacities Stack Up
Early Headlines: Asia Stocks Down, Dollar Up, Gold, Oil Steady, Senate Takes Russia Probe, Income - Tale Of 2 Countries, London Off. Values Face Big Drop, Russia Cuts Oil, Border Wall In Mexico?, And More
Documentary Of The Week: America Before Columbus
American Doctors: The Prognosis Isn't Good
Brexit: 'Leave' Voters Showing Most Signs Of Doubt
Crumbling Comet? The Great Debate About Whether Rosetta Rock 67P Is Breaking Apart
ISIS: Income Has More Than Halved Since 2014
Investing Blog
Where In The World To Invest? A Search Of The Globe
Boom Or Bust: Tech IPOs Can Go Either Way
Opinion Blog
Scarborough Shoal: Will America Help The Philippines?
Why Did Preet Bharara Refuse To Drain The Wall Street Swamp?
Precious Metals Blog
Following The Yellow Brick Road
Live Markets
30Mar2017 Market Close: Wall Street Traded Mostly Sideways In The Green After Flat Opening, DOW Closes Up 69 Points, Daily Trend Moving Slightly Upward
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government































 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved