Oct
01
2008

Wall Street Is Main Street, People!

CNBC anchor Maria Bartiromo appeared on Hardball last night (9/30/08) urging passage of the federal Wall Street bailout. You may not know this about her, but she really doesn't give a crap about Wall Street firms (despite a 15-year history of relentless touting)–she only cares about the little people:

BARTIROMO: But, instead, it's about banks across the country being able to give the guy who needs a home loan a loan, give the gal who wants a car loan a loan, give the person who needs a home equity loan a loan, all that. That's all this is about, not about bailing out Wall Street firms.

It's all part of the corporate pundit class's enduring campaign of uplift for the little people. The same campaign that brought you such timeless hits as Corporate taxes are bad because they are just passed along to little people and Bailouts of the little people through welfare are bad because they make little people dependent has a new tune: Bailouts of billionaire firms are really bailouts of little people (which are usually bad, but acceptable in this case).

About Steve Rendall

Senior Media Analyst and Co-producer of CounterSpin Steve Rendall is FAIR's senior analyst. He is co-host of CounterSpin, FAIR's national radio show. His work has received awards from Project Censored, and has won the praise of noted journalists such as Les Payne, Molly Ivins and Garry Wills. He is co-author of The Way Things Aren't: Rush Limbaugh's Reign of Error (The New Press, 1995, New York City). Rendall has appeared on dozens of national television and radio shows, including appearances on CNN, C-SPAN, CNBC, MTV and Fox Morning News. He was the subject of a profile in the New York Times (5/19/96), and has been quoted on issues of media and politics in publications such as the Chicago Tribune, Washington Post and New York Times. Rendall contributed stories to the International Herald Tribune from France, Spain and North Africa; worked as a freelance writer in San Francisco; and worked as an archivist collecting historical material on the Spanish Civil War and the volunteers who fought in it. Rendall studied philosophy and chemistry at San Francisco State University, the College of Notre Dame and UC Berkeley.