Read time: 1 minute

Hey New York Times - Obama Didn't Bail Out The Banks - Bush Did

In the New York Times magazine this last Sunday with the unintentionally hilarious title "What the Left Doesn’t Understand About Obama," editor of The New Republic, Jonathan Chait has a whopper in the very first paragraph (emphasis is

In the New York Times magazine this last Sunday with the unintentionally hilarious headline "What the Left Doesn’t Understand About Obama," editor of The New Republic, Jonathan Chait has a whopper in the very first paragraph (emphasis is mine):

This has been the summer that liberal discontent with Obama has finally crystallized. The frustration has been simmering for a while — through centrist appointments, bank bailouts and the defeat of the public option, to name a few examples. But it has taken the debt-ceiling standoff and the threat of a double-dip recession to create a leftist critique of the president that stuck.

Obama passed the stimulus. The stimulus that worked. Bush bailed out the banks and the auto industry. Now the American auto industry is slightly booming at the moment. Hiring and everything. And the banksters are rich and under-taxed. As much as I hate to admit it - something horrible Bush did actually worked.

Get that? Bush bailed out the banks and the auto industry in '08. Guess who wasn't President until January '09? Someone who couldn't have bailed out anything yet. Obama got stuck with its implementation but he didn't start it. Bush is the Bailout President. Remember: "I've abandoned free-market principles to save the free-market system."

This is revisionist at best. Otherwise false.

This deserves a correction. That's what we do in journalism - whether is at a blog or at the Grey Lady.

The New York Times needs to correct this error.

Can you help us out?

For 16 years we have been exposing Washington lies and untangling media deceit. We work 7 days a week, 16 hours a day for our labor of love, but with rising hosting and associated costs, we need your help! Could you donate $21 for 2021? Please consider a one-time or recurring donation of whatever amount you can spare, or consider subscribing for an ad-free experience. It will be greatly appreciated and help us continue our mission of exposing the real FAKE NEWS!

More C&L Coverage

Discussion

New Commenting System

Our comments are now powered by Insticator. In order to comment you will need to create an Insticator account. The process is quick and simple. Please note that the ability to comment with a C&L site account is no longer available.

We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service (revised 3/17/2016) for information on our posting policy.

Please Do Not Use the Login Link at the Top of the Site.

In order to comment you must use an Insticator account. To register an account, enter your comment and click the post button. A dialog will then appear allowing you create your account.

We will be retiring our Crooks and Liars user account system in January, 2021.

Thank you.
C&L Team