Barack Obama Maintains Control Over Banks By Refusing to Accept Repayment of TARP Money - WSJ.com

Wall Street Journal by Stuart Varney | Apr. 5, 2009 (Opinion)

The "Pay for Performance Act," just passed by the House,... is an outstanding example of class warfare. I'm an Englishman. We invented class warfare, and I know it when I see it. This legislation allows the administration to dictate pay for anyone working in any company that takes a dime of TARP money. This is a whip with which to thrash the unpopular bankers, a tool to advance the Obama administration's goal of controlling the financial system. Full Story »

Posted by Walter Cox

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1.8
 by Paul Keene - Apr. 5, 2009

A prime example of bad journalism, the author conveniently leaves out the "who" part of the story in order to make his point. The author also conjectures on why the money was refused instead of supplying the official Whitehouse reason. In addition, the author contrives a scenario that doesn't even exist. This isn't news, it's fiction.

It's bad enough that Fox can claim to be a fair and balanced news organization, but for a publication like the WSJ to run the article is beyond the pale.

(12 answers)

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