The "Bailout" Artists: A Roster of Shame

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Market Movers

by Ryan Avent

Main

Why Does Goldman Sachs Need 10 Acres... Free Music: A Good Idea

Dec 7 2007 3:34PM EST

I clearly spend too much time reading blogs, because I stupidly thought it was only right-leaning bloggers who would be so thoughtless as to refer to the mortgage-freeze plan as a bailout. Tinbox, however, notes that in fact it's the press which is most at fault here. Herewith, then, a roster of shame, confined only to high-profile news organizations using the term in the headline:

BusinessWeek: "What the Mortgage Bailout Means For You", "Investors Back the Bailout, Cautiously"
Financial Times: "Bush’s subprime bailout"
Fortune: "Paulson's bailout may boost GOP's prospects"
ABC News: "Who Qualifies for Bush's Mortgage Bailout Plan?"
New York Post: "Bush's Subprime Bailout Lacks Concrete Details"
Chicago Sun-Times: "Bailout not for all"

Etc., etc., etc. The Getting It Right prize, interestingly goes to Jim Cramer, of all people, with "Bush Subprime Plan Not a Bailout".

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