The ignorance displayed by Chris Matthews and his collection of "experts" on this weekend's show is shocking and disturbing. I'm not going to discuss their Limbaugh comments--Rush is usually right, but he's too mean-spirited and boastful for me. I'm referring to their repeated, unanimous, confident assertions that, in this economic crisis, it is oh-so-obvious that capitalism has failed us. Months ago I considered writing about the cause of the meltdown, but I thought the truth was at least out there and fairly commonly known, even if some socialists were scrambling to distort it. Judging from Matthews' misinformation, I may have been wrong. For the truth behind the housing bubble bursting, which was the first domino to fall, here is an excellent history. And here is Fox News' summary. And here is a microcosm of the government's wrong priorities.
I'm no TV pundit--I'm just a nobody in flyover country--but I know better than to automatically trust what comes across the TV. Capitalism works just fine. Government intruding where it shouldn't--liberalism--is what has failed us.
