Playing cover up for President Obama, Americans have seen little of the economy’s human impact. Rich Lowry rightly notes that amidst the nonsense, there is real pain (something I wrote about yesterday):
If you put aside the political rants and the obnoxious construct of the 99 percent versus the 1 percent — which has the whiff of the guillotine about it — the stories are a stark pointillist portrayal of the grinding misery of the Great Recession.
And Bank of America has very little to do with it. The recession has added a layer of joblessness on top of punishingly dysfunctional and expensive health-care and higher-education systems. Despite themselves, the people posting at the 99 percent page aren’t really making an implicit case for burning down the financial system, but for blowing up how we handle health care and higher education.
As the Republicans look more likely to win the 2012 election, expect the horror stories to finally come dribbling out through the press. The point, of course, will be to paint the Republicans as heartless and uncaring. The fact that Barack Obama deepened the despair and left people worse off will go unnoticed and ignored.
People are desperate and despairing, that much is true. And the press has hidden this fact to save Barack Obama’s hide. It’s despicable.