When will our left/liberal press wake up? Until they do, they are no less complicit in the theft of our elections than Karl Rove himself.

Kudos to Brad Friedman for fighting back so bravely, and so lucidly.

MCM

‘Think Progress’ Smears BRAD BLOG Coverage of Voting Machine Concerns as ‘Conspiracy Theory’
Dem-advocacy blog refuses to correct inaccurate attack on us, Truthout, Forbes magazine, and even former Dem Sec. of State…
By BRAD FRIEDMAN on 10/23/2012, 6:05am PT

To be frank, while it’s no secret that the Center for American Progress has always been an outside extension of the Democratic Party, their important blog site, Think Progress, has served as a crucial, and journalistically sound fact-checker on the excesses, inaccuracies and blatant fabrications of the Right over the past several years.

I have been more than happy to cite their excellent work on a number of fronts over the years and take no pleasure in calling them, their new Senior Editor Judd Legum, and one of their writers, Aviva Shen, out here onThe BRAD BLOG for an egregiousand, frankly, outrageous journalistic failure.

It is one thing to make an error. We all do it. It is quite another thing indeed — and what, in my opinion, separates real journalists from hacks — when, once called out with independently fact-based and verifiable evidence of those errors, one sticks to the original error come what may.

Read more.



One Comment to “Now ThinkProgress [sic] joins NBC’s Chuck Todd in calling e-vote concerns “conspiracy theory””

  • Everyone should know what hiding and removing real, physical evidence should mean. So these shills look corrupted, bought off. In addition to Chuck Todd’s and ThinkProgress’ Lying and Cheating, might be Stealing for profit:

    Can you say, more DERIVATIVES which set up this country to fail economically, politically, and perhaps intentionally to fail our sovereignty.

    from:
    http://www.truthdig.com/report/item/meet_romneys_economic_hit_man_20121018/

    Meet Romney’s Economic Hit Man

    http://www.truthdig.com/report/item/meet_romneys_economic_hit_man_20121018/

    Posted on Oct 18, 2012

    By Robert Scheer

    Mark the name of R. Glenn Hubbard, the man who will make your life miserable if Mitt Romney is elected president. Unless, that is, you happen to be one of the swindlers who has profited mightily from the nation’s economic pain.

    Hubbard is the ideological hit man instrumental in justifying the mortgage derivatives bubble that caused the Great Recession during the George W. Bush years. He now serves as Romney’s key economic adviser and is the front-runner to be the next Treasury secretary should the Republican win.

    “Romney’s Go-To Economist” read the headline on a New York Times profile of the dean of Columbia University’s Business School, which notes that “During a stint as chairman of the Council of Economic Advisers for President George W. Bush, from 2001 to 2003, Mr. Hubbard was known as the principal architect of the Bush tax cuts.” In that capacity, and after returning to Columbia, Hubbard was also the chief cheerleader for a runaway derivatives market that spiraled out of control and left the Great Recession in its wake.

    While pocketing millions in fees from the financial industry that he was ostensibly studying as a neutral academic, Hubbard was an enthusiastic backer of the virtues of a burgeoning unregulated capital market that sold toxic derivatives to the world. In a landmark paper that he co-wrote in November 2004 with William C. Dudley, at the time the chief U.S. economist at Goldman Sachs, it was asserted, “The capital markets have helped facilitate a major transformation of the U.S. mortgage financing system over the past 25 years. … The result has been a dramatic decline in the cyclical volatility of housing activity.”

    Their study was published by the Global Markets Institute of Goldman Sachs at the very time that Goldman, a leader in the capital market, was packaging and selling some of the toxic mortgage-based derivatives that would come close to destroying the world’s economy.

    Hubbard’s article celebrated this “revolution in housing finance (that) has led to a large increase in mortgage equity withdrawal.” It extolled the madcap equity lending as “one reason why consumer spending held up well during the 2001-2003 period, even as employment and investment spending faltered.”

    That’s the housing bubble that was destined to pop and left the Bush and Obama administrations running up huge deficits to contain the damage. Hubbard’s co-author knows this well, for Dudley left Goldman in 2007 to work for Timothy Geithner, then the head of the New York Fed that led the charge to rescue Goldman and other banks in the aftermath of the crisis they caused. As evidence of the bipartisan spirit informing the banking bailout, when Geithner was appointed Obama’s Treasury secretary, Dudley replaced him as president of the New York Fed.

    But this is a crisis first enabled by the Bush administration’s policy of mindlessly celebrating the mortgage industry’s wild irresponsibility. As Hubbard and Dudley bragged: “The revolution in mortgage finance has increased the ability of households to purchase their own homes. The closing costs associated with obtaining a residential mortgage have fallen, and the terms (for example, the loan-to-value ratio) have become less stringent. At times homeowners can obtain 100 percent financing to purchase a home.”

    This is the mortgage bankers’ equivalent of “The Anarchist Cookbook”—a recipe for disaster. The 100 percent loan meant that the homeowner was not at risk, nor was the investment firm that initiated the mortgage because it packaged it, along with other irresponsible loans, into securities sold to unwitting buyers.

    In the paper published by Goldman, the authors take issue with Warren Buffett who as early as 2002 had warned that these “derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal.” Buffett argued that ” … huge–scale frauds and near frauds have been facilitated by derivatives trades.”

    ……

    Better instead for people and nations is the “Chicago Plan” revisited and modeled recently by none other than the IMF which found that inflation is not a problem. But, politicians need to look at this and support it.

    http://www.monetary.org/2012conferencevideos

    2012 Conference Videos Now Available!

    The videos of the 8th Annual Monetary Reform Conference are now available! There are about 25 hours of presentations from our full list of 18 distinguished speakers, including 3 separate panels where our attendees were able to direct the flow of the discussion. This excellent group is listed below and at our conference speaker page. The most recent topics on monetary reform were covered in great detail. A major focus of the conference was the new paper by Dr. Michael Kumhof, Director of Research at the International Monetary Fund (IMF), “The Chicago Plan Revisited.” His entire talk is on the videos, as well as a panel discussing it.

    ….

    http://www.telegraph.co.uk/finance/comment/9623863/IMFs-epic-plan-to-conjure-away-debt-and-dethrone-bankers.html

    By
    Ambrose Evans-Pritchard

    IMF’s epic plan to conjure away debt and dethrone bankers

    So there is a magic wand after all. A revolutionary paper by the International
    Monetary Fund claims that one could eliminate the net public debt of the US
    at a stroke, and by implication do the same for Britain, Germany, Italy, or
    Japan.

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