Rory O'Connor of MediaChannel becomes the first person I know of to describe business reporters as "embedded" with Wall Street. That's a devastating indictment, and to no one's surprise it's an indictment the press largely doesn't share. Don't they start with the Man in the Mirror? For years now I've been reading pieces from Mike Whitney and Danny Schechter and others describing how unstable and unsustainable the economy would become. I didn't share as many of them as I should have, obviously, because Mr. O'Connor provides an even longer list of folks who got it right years before they had to. We're facing a much larger problem, of course: the handful of media conglomerates that own everything are big businesses themselves, and they own (or are owned by ) many other big businesses, and thus hardly predisposed to report honestly and accurately on big business.
I was instantly attracted to this Media Matters report by its title: "In Support of Shunning." It turns out to be a withering deconstruction of George Will's many crimes against truth over the years (not just the most recent ones concerning global warming, which the Washington Post has made no effort to correct). My favorite anecdote comes from Noam Chomsky, in which a George Will column appearing in Newsweek contains a factual inaccuracy contradicted by another, older report by, you guessed it, Newsweek, and Newsweek never runs a retraction because George Will has a "tantrum." That's our "adult" and "civil" "liberal" media, folks -- no better-behaved than babies, and nowhere near as charming.