Rhody Trader

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Following up from my post yesterday (The Fed AIG loan and takeover - they’re getting it wrong!), here’s another example of people who should know better getting it totally wrong.

“Once again the Fed has put the taxpayers on the hook for billions of dollars to bail out an institution that put greed ahead of responsibility and used their good name to take risky bets that did not pay off,” said Sen. Jim Bunning, R-Kentucky, a member of the Senate Banking Committee. (from CNN).

Come on! A member of the Banking Committee can’t get it right? Obviously, this is political, but it’s also misleading the public.

And here’s an example of the media seemingly taking a nothing statement and drawing a conclusion I just can’t see in regards to a question John McCain was asked about how relations would be with Spanish president Zapatero under his administration (they are strained now):

During an interview in Miami earlier this week with Spanish-language station Union Radio, a reporter asked McCain whether, if elected, he would receive Zapatero in the White House. McCain answered, “Honestly, I have to analyze our relationships, situations, and priorities, but I can assure you that I will establish closer relationships with our friends, and I will stand up to those who want to harm the United States.”  (from Time)

The article author went on to say “Ouch”, obviously reading into McCain’s statement that he would not receive Zapatero. Where does that interpretation comes from? I read McCain’s response as a typically non-committal response of the sort you always hear from candidates.

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