{"id":1653,"date":"2010-06-24T12:16:41","date_gmt":"2010-06-24T16:16:41","guid":{"rendered":"http:\/\/000af36.netsolhost.com\/wordpress1\/2010\/06\/24\/wash-post-regurgitates-bailout-myth\/"},"modified":"2010-06-24T12:16:41","modified_gmt":"2010-06-24T16:16:41","slug":"wash-post-regurgitates-bailout-myth","status":"publish","type":"post","link":"http:\/\/griendling.com\/wordpress1\/2010\/06\/24\/wash-post-regurgitates-bailout-myth\/","title":{"rendered":"Wash Post Regurgitates &lsquo;Bailout&rsquo; Myth"},"content":{"rendered":"<p>As negotiations continue of the financial reform package in Congress, <em>The Washington Post\u2019s <\/em>Brady Dennis regurgitates <a href=\"http:\/\/www.politifact.com\/truth-o-meter\/statements\/2010\/apr\/20\/mitch-mcconnell\/bank-bailouts-not-bill-liquidation\/\" target=\"_blank\">a discredited<\/a> GOP talking point:&#160; that the $150 billion, as Dennis reports, <a href=\"http:\/\/www.washingtonpost.com\/wp-dyn\/content\/article\/2010\/06\/23\/AR2010062305458.html\" target=\"_blank\">\u201cpaid for by the industry,\u201d is a \u201cbailout fund.\u201d<\/a><\/p>\n<p>I give him credit for mentioning that the money would come from the industry, but why does he feel compelled to repeat the GOP\u2019s reference to it as a \u201cbailout fund.\u201d&#160; By the most common understanding of the phrase a \u201cbailout\u201d is when other people\u2019s money, usually the American taxpayer, saves a company.&#160; The fund, which was dropped from the legislation according to <em>The Post\u2019s<\/em> story, was to be financed by financial institutions.&#160; It\u2019s not a \u201cbailout,\u201d and there is nothing in using the term that adds to the story, except perhaps to perpetuate a lie.<\/p>\n<p>Is that the role of the news media?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As negotiations continue of the financial reform package in Congress, The Washington Post\u2019s Brady Dennis regurgitates a discredited GOP talking point:&#160; that the $150 billion, as Dennis reports, \u201cpaid for by the industry,\u201d is a \u201cbailout fund.\u201d I give him credit for mentioning that the money would come from the industry, but why does he&hellip; <a href=\"http:\/\/griendling.com\/wordpress1\/2010\/06\/24\/wash-post-regurgitates-bailout-myth\/\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[126,170,78],"tags":[],"_links":{"self":[{"href":"http:\/\/griendling.com\/wordpress1\/wp-json\/wp\/v2\/posts\/1653"}],"collection":[{"href":"http:\/\/griendling.com\/wordpress1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/griendling.com\/wordpress1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/griendling.com\/wordpress1\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/griendling.com\/wordpress1\/wp-json\/wp\/v2\/comments?post=1653"}],"version-history":[{"count":0,"href":"http:\/\/griendling.com\/wordpress1\/wp-json\/wp\/v2\/posts\/1653\/revisions"}],"wp:attachment":[{"href":"http:\/\/griendling.com\/wordpress1\/wp-json\/wp\/v2\/media?parent=1653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/griendling.com\/wordpress1\/wp-json\/wp\/v2\/categories?post=1653"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/griendling.com\/wordpress1\/wp-json\/wp\/v2\/tags?post=1653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}