Communist Broadcasting Service
Okay, okay, that’s a severe exaggeration, but I do have more bad reporting, this time from CBS:
Four years after California’s disastrous experiment with energy deregulation, Enron energy traders can be heard on audiotapes obtained by CBS News gloating and praising each other as they helped bring on, and cash-in on, the Western power crisis.
Now, I’m not going to argue that the dealings by certain well-known energy firms during the “California Energy Crisis” were wholly ethical; but it seems to me unfair to call a badly run, poorly planned attempt to undo decades of government market interference a “disasterous experiment.” The implication is that the market was at fault rather than a series of bad governmental decisions and some playing by naughty and slightly unscrupulous folks.
Then there’s this little teaser: Tonight’s Evening News will have more of the shocking Enron tapes, plus the outraged reaction from Capitol Hill. Tabloid journalism at its best, that. Take out the adjectives folks, or don’t they teach that in your precious Journalism schools anymore?
