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Wednesday, February 25, 2009

Dean Baker on a roll:

Two posts on Citi bailout (1, 2). But here's the best excerpt:
The NYT piece on bailout III for Citigroup looks like it was written by Citi's lobbyists. The piece never once points out that the government has handed tens of billions to Citigroup for almost nothing. Let me say that about six more times: the NYT article on the latest Citi bailout never once points out that the government has handed tens of billions to Citigroup for almost nothing. The NYT article on the latest Citi bailout never once points out that the government has handed tens of billions to Citigroup for almost nothing. The NYT article on the latest Citi bailout never once points out that the government has handed tens of billions to Citigroup for almost nothing.I suppose tens of billions for Citi doesn't deserve as much attention as $50 million for the National Endowment for the Arts or $25 million for the Smithsonian.
In a much earlier Baker post about newspaper reporting on entitlements, he wrote a familiar two-paragraph statement about the solvency of Social Security. Someone in the comments section wondered if Baker had a macro set up for inserting that text. Considering this latest post, maybe he does!



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