Even as Gordon Brown digs the UK into ever deeper recession, BBC coverageof Obama’s unfolding administration continues to put the fawn into fawning. His newly announced treasury team, replete with Harvard and Berkeley professors, appears to offer little different in substance to the current Bush/Paulson endless bail-out approach – other than they will bail even more out! This is “the jolt” that Obama promises and which the BBC uncritically lets pass without deeper economic analysis. It seems to me that the BBC gets excited when politicians extend the malign tendrils of government into every part of private business, and so Brown and Obama can expect an easy ride in the time ahead.
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