Today (Thurday 14 April 2011) I have seen perhaps the most dishonest frontpage story in a supposedly “quality” newspaper, that I have come upon in my life.
The “Financial Times” has a front page story that President Barack Obama has proposed cutting four trillion (yes with a “t”) Dollars from the American Federal government deficit over a period of ten years.
Such a story, if true, would be welcome news - as the American Federal government is already more than 14 trillion Dollars in debt (thanks, in part, to the wild “stimulus” spending of President Obama - which the Financial Times supported) and is borrowing more than one and half trillion Dollars in the comming year alone. So whilst the Federal government would still be spending trillions of Dollars over the next ten years - it would at least be spending four trillion Dollars less, and so would also borrow four trillion Dollars less.
The Financial Times, however, then goes on to report that spending cuts to tax increases are at a rate of three to one - so, in reality, the spending cuts are three trillion Dollars.
“Well that is dishonest Paul - but not wild dishonesty, you have got too upset over such a thing”.
Accept for one fact:
There is no “three trillion Dollar” spending cut (no more than there is a four trillion Dollar one). It is all a LIE a vast stinking LIE.
Barack Obama has proposed no real overall spending cut at all - it is all smoke and mirrors, waffle and spit.
It is the duty of a “quality” newspaper (especially a financial newspaper) to expose such a vast lie - but, instead, the Financial Times reports it as if it were the truth - and makes this lie a front page news story.
They are scoundrels, scum of the worst order. They are financial journalists, they must know what they are reporting as truth is a lie. They are misleading, deliberatly misleading, any trader or investor who sees the front page of their newspaper. I care not for what qualification there may be inside the newspaper (I have not looked inside it - and I do not intend to dirty my hands with it) - it is the front page headline and story that is what matters.
Should the lying scoundrals of the Financial Times, who have undertaken this fraud upon the pulblic, take exception to my words - I am at their disposal, for I am prepared to defend my words before the courts.