Jay RosenApr 28, 2023

The debt limit sprains the both sides brain.

Read Dan Froomkin:

"Extremist Republicans have been enabled by media coverage that tries to split the difference, and treats what is essentially a hostage crisis created exclusively by one side as a normal, two-sided partisan squabble. Indeed, our top political reporters now insist that the onus is on Biden to solve the problem."

https://presswatchers.org/2023/04/republicans-threaten-to-tank-economy-media-blames-biden/

#uspol #journalists #journalism

Republicans threaten to tank economy. Media blames Biden. - Press Watch

The nation is not “barreling toward default,” nor is it “careening,” or even “drifting” there. It is being pushed there by Republicans.

Press Watch - An intervention for American political journalism
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@jayrosen_nyu Meanwhile treasury prints more money that we don't have to cover runs on banks whose only crime was to purchase US bonds which up until now used to be stable and worth something. The feds monetary policy has the biggest impact on our economy. Not the executive branch. The whole system is based on debt.
Apr 28, 2023 at 7:18pmWeb