A comment I made on NPR’s website, the day after a particularly upsetting report about the lack of consumer savings in America….
I completely agree with the previous comment by Lawrence Jones, and am insulted that NPR would make this statement:”For nearly two years, the U.S. economy has been struggling with a recession brought on by excessive borrowing, both for home mortgages and consumer purchases.” What planet are you guys living on? This current recession, the worst since the Great Depression, and which remains to be seen if it exceeds it in severity, was absolutely caused by Wall Street, particularly its inner sanctum of the most powerful investment banks, starting with Goldman Sachs. Insinuating that the blame lies with a lack of consumer savings is not just grossly unfair, factually wrong and morally depraved, it puts NPR on the side of the hated Wall Street villains who have inflicted this pain and hell upon millions of American households that have lost their homes. Which side are you on NPR??!!
November 17, 2009