Commentary Magazine


Contentions

Flotsam and Jetsam

From the “Ya think?” file on Chris Matthews’ very public consideration of a Senate run: “If Matthews is serious about running, some within the network hope he commits to the Pennsylvania Senate race sooner rather than later. Otherwise, his nightly presence on ‘Hardball’ provides easy fodder to critics fueling the narrative that MSNBC is in the tank for the Democratic party. [Query– isn’t that true without the Senate run?] After NBC News was stung by criticism during the presidential campaign — charged with bias resulting from the antics of more outspoken personalities on MSNBC — staffers worry the situation will be repeated over the next six months.”

When Media Matters and Brent Bozell both agree on something — Matthews’ departure — maybe it’s time for NBC to consider if its journalistic brand is becoming as worthless as GM’s stock.

But this takes the prize for the most obvious headline of the week: “Matthews could be haunted by his own words.”

I agree with this take on the money gap in the presidential election. It was a symptom, not the cause of the Republicans’ predicament. Other factors (e.g., a problematic nominee, poor party building, a depressed base) had much more to do with it. But it sounds better to blame the rich guys on the other side.

Is GM engaged in magical thinking? They came to the right place. Washington is full of that sort of hooey (e.g. “government creates jobs”).

Okay, one Senator was on the ball at the Big Three hearing: “Senator Corker says G.M. can’t survive with its current capital structure, and complains that G.M. is not seeking a big enough haircut from bondholders. He also says the U.A.W. concessions did not amount to much. In a bankruptcy, he says, the obligations to the post-retirement beneift fund known as VEBA ‘are toast.’ He demands promises of big concessions from the U.A.W., and does not get them. Instead, he hears about a poor old lady who needs her pension.” (Others liked what Corker had to say as well.)

And is Sen. Corker the only to notice that “Chrysler” is really owned by a private equity fund, Cerberus? You remember them? The same gang that stripped Mervyn’s retail chain store bare and left the employees without so much as their accrued vacation pay. These are the people Democrats want to give money to?

And in case you still weren’t convinced the car bailout is a bad idea: “All three automakers promised that they would not be back in front of Congress next year if they got the funds — assuming the economy doesn’t go completely down the tubes in the next few months. Moody’s Economy.com chief economist, Mark Zandi, questioned that prediction. He said the $34 billion wouldn’t be nearly enough and put the total price tag at between $75 billion to $125 billion. ”

Sorry, but Al Franken’s “missing ballots” remind me of another famous missing item from a classic movie. Didn’t end well in the latter case either.



Join the discussion…

Are you a subscriber? Log in to comment »

Not a subscriber? Join the discussion today, subscribe to Commentary »





Welcome to Commentary Magazine.
We hope you enjoy your visit.
As a visitor to our site, you are allowed 8 free articles this month.
This is your first of 8 free articles.

If you are already a digital subscriber, log in here »

Print subscriber? For free access to the website and iPad, register here »

To subscribe, click here to see our subscription offers »

Please note this is an advertisement skip this ad
Clearly, you have a passion for ideas.
Subscribe today for unlimited digital access to the publication that shapes the minds of the people who shape our world.
Get for just
YOU HAVE READ OF 8 FREE ARTICLES THIS MONTH.
FOR JUST
YOU HAVE READ OF 8 FREE ARTICLES THIS MONTH.
FOR JUST
Welcome to Commentary Magazine.
We hope you enjoy your visit.
As a visitor, you are allowed 8 free articles.
This is your first article.
You have read of 8 free articles this month.
YOU HAVE READ 8 OF 8
FREE ARTICLES THIS MONTH.
for full access to
CommentaryMagazine.com
INCLUDES FULL ACCESS TO:
Digital subscriber?
Print subscriber? Get free access »
Call to subscribe: 1-800-829-6270
You can also subscribe
on your computer at
CommentaryMagazine.com.
LOG IN WITH YOUR
COMMENTARY MAGAZINE ID
Don't have a CommentaryMagazine.com log in?
CREATE A COMMENTARY
LOG IN ID
Enter you email address and password below. A confirmation email will be sent to the email address that you provide.