OBAMA’S FAILED POLICIES GET MEDIA PASS
By Cliff Kincaid
January 29, 2011
Just one day after President Obama talked about winning the future, a report from the Special Inspector General for the Troubled Asset Relief Program finds that Obama’s failed policies have put the nation even more at risk of future financial bailouts.
But the serious nature of the economic and financial crisis—and the failure of Obama’s Big Government programs to solve it—continues to be played down by the major media.
The Office of the Special Inspector General for the Troubled Asset Relief Program (TARP) issued a report finding that TARP’s main goals of “increasing lending” and “promoting jobs and economic growth” have been “largely unmet.” Even more disturbing, the report finds that Obama’s nearly two-year-old Home Affordable Modification Program (HAMP) program is a failure.
All of this evidence was presented at a hearing of the House Government Oversight and Reform Committee on Wednesday.
The NBC Nightly News covered the shocking information without once uttering the words “President Obama” in connection with the documented failures. Anchor Brian Williams said the inspector general had concluded that “the government’s effort to help Americans save their homes” was a failure.