Following the Money

Wednesday, October 21, 2009

Adam Davidson, NPR's international business and economics correspondent, talks about his continuing coverage of the economic crisis for NPR's Planet Money and the latest plans to restructure Wall St. regulation.


Adam Davidson

Comments [16]

jawbone from Parsippany, NJ

Eva @ #1-- You've nailed it. I have been so disppointed in the Planet Money reporting since their early forays into the depths of the Big Meltdown. What happened? Pulling punches to keep the big donors happy???

However, today, Davidson did seem to be saying some things which were uncomfortably accurate about how the Obama Administration is treating the Big Banksters...with kid gloves, even tho' Obama seems to be using them as punching bags for PR purposes recently. The proof of the reform pudding is in the final product, which, as Davidson pointed out, is almost exactly what the Banksters are willing to put up with. They're getting what they want.

What Obama is saying recently seems to be for the public and serves to be Bamboozlement 101.

The Simon Johnson interview on Bill Moyers' Journal--incisive and comes from someone who knows the financial scene from the inside.

Oct. 24 2009 03:28 PM
Tom Betz

How do you over-sample Democrats when only 20% of Americans self-identify as Republicans?

Oct. 21 2009 02:37 PM
hjs from 11211

can we go beyond obama?
what is the real issue for u? taxes too high? morals? israel? tell me. be real.

Oct. 21 2009 12:55 PM
Calls'em As I Sees'em from McLean, VA

Hjs - the Bama's numbers are down twenty points since Jan. and most of the "mainstream" polls have been skewed with deliberate over-sampling of Democrats. Given the fawning coverage (or should I say cover-ups) by the mainstream and liberal media, his numbers should be much, much higher. PS - what was the relentless anti-Bush bashing for 8 years - just altruistic truth telling? I guess I missed the story wherein GE, Disney and CBS gave all their profits to charity. LOFL. The viewer, listenership and readership of mainstream and liberal papers, TV and radio are down because many people have recognized that these organizations are spewing politically biased opinion in the guise of “objective” news. There is no such thing anymore, but only FOX is good enough to admit it. Why is Obama so afraid of Glenn Beck? He is merely a comedian and commenter just like Jon Stewart or that other guy with the freaky ears. More significantly, every week FOX has more spokespeople on for the liberals’ side then WNYC has on in a year. And you know that’s true.

Oct. 21 2009 12:43 PM
hjs from 11211

" but I will note that FNC doubles, triples and in some cases quadruples the viewing audiences of any other cable news (or opinion) shows; so they must be doing something right."

they are doing something right. fear mongering for profits. in spite of that BHO's poll numbers keep going up.
i watch fox also, when i need a good laugh

Oct. 21 2009 12:23 PM
Calls'em As I Sees'em from McLean, VA


I listen to NPR and the BBC most of the day, but I will note that FNC doubles, triples and in some cases quadruples the viewing audiences of any other cable news (or opinion) shows; so they must be doing something right.

I believe Glenn Beck doubles all the opposing stations combined during his time slot. So go figure. It's probably just part of those stupid Americans clinging to their guns (approximately 95 million legal gun owners) and their religion. Fortunately for America’s future these people vote in addition to hunting, fishing, praying, working for a living and serving in the military.

PS - it will soon be illegal to use the phrase "Dear Leader" in reference to anyone other than our "Dear Leader" Barack Hussein Obama (“hum, hum, hum”) a/k/a Barry Soetoro a/k/a the Anointed One! All praise the Obama!! LOFL!!!

Oct. 21 2009 12:08 PM
hjs from 11211

i know. i'm not smart but i just can't get past the fact that 40,000 americans died last year, ever year so that the insurance company profits can go to paying for greedy shareholders and executives.

Oct. 21 2009 11:53 AM
Calls'em As I Sees'em from McLean, VA

hjs - please wake up! The Obama admin is doing everything the Bush admin did plus they are proposing the most intrusive privacy violations in the history of the U.S. in the guise of "efficiency" for health care. LOFL.

Just when I think you are getting smart you prove me wrong, again.

Oct. 21 2009 11:40 AM
Tom Betz

It's so amusing to see the Beckheads and Falafelites invading WNYC's comments. It's almost as if they believe that anything their Dear Leaders have to say has some credence outside of the narrow little world of the 20 percenters addicted to the Fox Republican Smoke-and-Mirrors Channel.

I agree with eva, it's been quite disappointing to see Davidson especially clinging to the opinions of the Austrian/Chicago/Randian/Friedmanian school of economists who, as its acolyte Alan Greenspan was forced to admit to Congress last year, were proven totally wrong by the present financial disaster. Davidson should show more respect to people like Elizabeth Warren, Brookslye Born, Paul Krugman and Dean Baker who called everything exactly correctly, and who are largely being actively ignored by the government and the corporate media.

Oct. 21 2009 11:39 AM
hjs from 11211

and cheney thinks it's ok for the gestapo to sneak into the citizen's homes and "look" for evidence

Oct. 21 2009 11:30 AM
Calls'em As I Sees'em from McLean, VA

hjs - you are absolutely right. Even though the admin is filled with Marxists and Maoists, the Obama admin is first moving in the direction of National Socialism - which was and is an unholy alliance between large corporations and the State. Can you say "Seig Heil?"

There is no transparency in this admin. It is all obfuscation and deception. The people and even their reps don't get to see bills that are being voted on. The people will not long tolerate this.

The fact that two crooks like Frank and Dodd are “making” fiscal policy rather than sitting in jail under felony convictions says it all about the Dems and their silent accomplishes in the mainstream and liberal media.

PS - Brian please have do expose about the radical Tides Foundation and the equally radical Apollo Alliance to see who is really writing and affecting this admin’s policies.

Oct. 21 2009 11:21 AM
Matt from New York

They feel very good about Barney Frank because he said transparency would make the banks position "untenable."

Oct. 21 2009 10:51 AM
Robert from NYC


Oct. 21 2009 10:50 AM
hjs from 11211

as I've often said government does what big business wants it to do!

Oct. 21 2009 10:48 AM
Calls'em As I Sees'em from McLean, VA

The world is in less of a crisis than America, which is being deliberately kept in a crisis by the Obama admin because it is useful for their power grab. Worldwide, the most dangerous element of fiscal policy is the now unreliable value of the dollar, which has been ruined by the massive printing of money by the Democrat admin. This has destabilized the world economy and has kept oil prices much higher then it should be given reduced consumption. Higher energy prices cause job loss, higher food & housing prices and for many around the world - degradation and death - so “heck of a job Barry.”

The admin is lying about any recovery or potential recovery. Few jobs have been saved and fewer have been created - other then the creation of Obama's unlawful shadow Gov't of Tsars, which has now employed dozens of mostly Marxists and Maoists, along with hundreds of staff members, who are unaccountable to Congress and the people. Notice how this is the first admin to “conflate” jobs saved with jobs created, this to fluff up, their otherwise paltry numbers.

Obama has also failed to spend much of the stimulus money while indicating they may need another stimulus package. The Dems are holding back money to keep the country in crisis. This forwards their evil goal of National Socialism and government run health care. They have already whipped the banking industry and destroyed the American auto industry. Now, they want to get their power hungry hands on the medical and health sector or the U.S. economy.

The Dems have also been holding back money to have some significant “pork” to spread around next year ahead of their reelection bids. They know that the American people will be turning away from them in droves, so they are holding back billions which are needed now to try and win votes. Yes, so much for "HopeeChange." I don't think Americans voted for Marxist, Maoists and people who would deliberately inflict hardship because they want to grab power; do you?

Oct. 21 2009 09:43 AM

I've not only found Planet Money's coverage of the bailout far less incisive than The Financial Times and the WSJ - but oddly - given that they're on NPR - far more conservative than the FT and WSJ.

I gave up on PM shortly after Davidson famously went for Elizabeth Warren's throat. But the show had been slipping for a while. It's a shame, because it had the potential, having educated its novice audience, to do some really interesting reporting. But instead of building on that, it continued to patronize not only the audience, but many of its guests.

Re the econ. crisis, I do recommend a recent interview with Simon Johnson on Bill Moyers.

Oct. 21 2009 01:36 AM

Leave a Comment

Email addresses are required but never displayed.

Get the WNYC Morning Brief in your inbox.
We'll send you our top 5 stories every day, plus breaking news and weather.