Media covering for Corzine’s debacle

Can you imagine what the news media would do if an ex-Republican governor and senator had joined a Wall Street investment bank as CEO and promptly caused the eighth-largest bankruptcy in U.S. history because of irrational risk taking and then lost $1.2 billion of people’s money that he wasn’t supposed to touch? OMG, the news media would be dissecting every move that Republican did from going to the bathroom to who he talked to 24/7 for months.

Yet when Jon Corzine did just that at MF Global, he was essentially given a pass by the media. Corzine actually stood in front of Congress and said “I simply don’t know where the money is” when asked where that $1.2 billion was. We now know that Corzine irrationally “bet the farm” on European Bonds because he was sure that socialist Europe would bail out their banks. But they didn’t.

You see, Corzine was a poster child for the Democrat Party as a former Democrat senator and governor of New Jersey. He was the ultimate liberal who assumed that big government was the answer to everything. In fact, Vice President Joe Biden said on camera that when he and Obama first came to office, Jon Corzine was the first person they called to help them figure out how to turn our economy around.

Maybe that is why we wasted $800 billion on a failed stimulus plan and we have seen the longest and worst unemployment in U.S. history since the Great Depression.

It appears that no matter how badly President Obama and Democrats do to screw up this economy, they can count on the biased media to “watch their back for them”. No wonder approximately 75 percent of Americans have no confidence in the news media today.

Randy Rossi

Grayslake