The story looks like it’s about Fox, but unfortunately, it’s not. There’s a new rich sociopath in town.
His name is Pete Peterson and he wants to buy yer newz.
The retired mogul has created a digital news agency he dubs “The Fiscal Times” and hired eight seasoned reporters to do the work there.
So what’s The Fiscal Times’ agenda? You know, cutting Social Security, Medicare, and Medicaid. The uge. See also: “Entitlement reform.” Did I mention this dude used to be a Nixon administration cabinet member? Did I even need to point that out?
Simply the rantings of a despot, right? Maybe Peterson’s agenda would have had a reach no further than the deeply held beliefs of a bus stop schizophrenic had the Washington Post not stepped it to hand this asshole a megaphone.
With his great wealth, Peterson could have also bought a newspaper to publish his dispatches, but he did better than that. He hooked up with the Washington Post, which has agreed to “jointly produce content focusing on the budget and fiscal issues.”
If the Fiscal Times becomes a regular source of news articles at the Post we can probably soon expect to see pieces from National Rifle Association’s “Firearms Gazette” and the Tobacco Industry’s “Smoking Today.” It is unfortunate that technological changes may have made the traditional newspaper economically unviable, but it would have been much better if the Washington Post could have had a dignified death.
This is pure propaganda. There is literally no reason to have Peterson contribute anything to Wapost. I’m sorry. Maybe there is one reason (for Wapost, anyway): He’s extremely rich.
Believe it or not, the Obama White House had planned to give Peterson a starring role in its “fiscal responsibility summit.” The Nation helped squelch those plans by running an article written by William Greider, who fiercely responded to the billionaire’s looting scheme.
But fear not, fans of plutocracy. Peterson’s little disciples are still bunkered in the White House.
Budget director Peter Orszag once co-authored a “reform” plan that would raise the payroll tax on young workers and cut benefits for older people near retirement. Isn’t that clever? Pinhead economists evidently think that workers won’t notice. Now the billionaire is cranking up another fight. We should finger him again, big-time, and all those who willingly collaborate in his plot.
Social Security looting is the kind of thing the citizenry can miss because the looters do it gradually. They use vanilla language like “entitlement reform” to put everyone to sleep so they can raid the vaults in peace. Greider suggests people make a lot of noise about this. He’s right. Tell your Congress representatives not to gut entitlement programs. (Phone calls always work better than emails. Personal visits with 30 of your closest friends always work better than phone calls.)