WHAT NoVA BLOGS HAVE TO SAY ABOUT THE FINANCIAL MESS

There is nothing so stupid as an educated man, if you get him off the thing he was educated in.  — Will Rogers

Why This Post

When I compare bloggers with the news media, I find some interesting differences.

  • The information in the news media tends to be slightly more accurate
  • Most bloggers are more willing to admit their ignorance.
  • Most bloggers reveal their sources.
  • Almost all bloggers will admit they are biased.
  • When they focus on a particular issue, some bloggers will study that issue in considerable depth.  That is, they will educate themselves.  That is something many members of the news media never seem to bother with.

What Do Virginia Bloggers Think About The Proposed Financial Bailout?

Below the Belway has a post (here) that provides a video on the Community Reinvestment Act.  Doug shows “there’s plenty of evidence out there to support the Republican argument that government-mandated easy credit forced banks to hand out mortgages that, objectively, never should have been given.”

Leslie Carbone has a series on the bailout (here, here, here, and here).  Her concern is that the White House and Congress will try to borrow their way out of fiscal trouble.  She describes the resistance of Congressional Conservatives.

Luxurious Choices: Poetry and Polemics makes the point (here and here) that government sponsored lenders do more than buy mortgages.  They also, for example, buy student loans.

The Skeptical Observer maintains a skeptical attitude (here, here, and here) and even refuses to accept the description of financial meltdown as accurate.  Nonetheless, he reliably blames the Democrats.          

TwoConservative (here) explores the role of the former Fannie Mae chief executive, Franklin D. Raines.  In addition, he studies the connection between of Barack Obama and Raines, and he considers Obama’s response to the AIG bailout (here).

84rules is pro McCain, against Democrats, and against the bailout (see here, here, and here).

Too Progressive is speaking out adamantly against the bailout (see here, here, here, and here).  Too Progressive apparently thinks the financial bailout is nothing more than an outrageous Republican political stunt.  

Conclusion

What shocked me is how few Democrat, Liberal, and Progressive (whatever you want to call them) blogs have anything to say about the Financial mess.   I looked, but I saw very little.  Why?  I don’t know.  I can guess, but I do not think I have a good guess.  So I will not say anything more.   I try to keep my uneducated thoughts to myself.  Sometimes I even succeed.  😉

Although I only linked to one article, Below the Beltway has done quite a few good posts on this subject.  So consider exploring.

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