CapitalGainsandGames Washington, Wall Street and Everything in Between



What Do You Say When The Wall Street Journal And GOP Leadership Disagree?

02 Sep 2009
Posted by Stan Collender

Stan Collender's picture

You can't help but wonder if Rupert Murdoch knows about this.

Deborah Solomon at the WSJ today:

U.S. Economy Gets Lift From Stimulus

WASHINGTON -- Government efforts to funnel hundreds of billions of dollars into the U.S. economy appear to be helping the U.S. climb out of the worst recession in decades.

GOP House Whip Eric Cantor on CNBC yesterday:

 

Rupert

The WSJ piece is really about uncertainty whether monetary policy, bank bailouts or fiscal stimulus has had the greater impact in forestalling further decline, at least for now.

Cantor addresses only fiscal stimulus, claiming it has not pulled its weight.

Reporter Solomon isn't staking-out a position here, for herself or the WSJ, so it doesn't seem like a disagreement to me.

Anyway, it probably suits Rupert to maintain the Journal's traditional divide between the news and editorial desks, to keep the WSJ a must read for the Left, Middle, Right, and All Others.

Smart fellow, that Rupert.


Cantor's 'honesty'

Cantor would happily declare that black was white if he thought that it would harm the Democratic party's position or President Obama's policies.

Why his opinion on a topic about which he has no expertise whatsoever but demonstrably wears opaque ideological blinders should be of interest to anyone is a mystery to me. He claims the 'largest deficit ever' without noting growth in inflation, the population, productivity, or the overall economy, for example, which makes his statement, substantively, a lie.





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