Coverage of the debt battle and ratings downgrade by Soros-funded media outlets followed the standard liberal line. Conservatives are blamed for blocking tax hikes, the ratings agency itself is called unreliable, and increased financial regulations are called for.
Forget the House proposal of Cut Cap and Balance. Further spending cuts aren't even given the time of day among top Soros-funded news sites, unless they are being criticized. Increased taxes are the only option in their world.
Democracy Now!, part of the Soros-funded Media Consortium, called Congress's plan to reduce spending ''a declaration of war on the poor.'' Alternet, an unhinged liberal blog under the Media consortium umbrella, blamed conservatives for ''stoking economic hysteria to force catastrophic cuts.''
The Media Consortium describes a plan ''in which a message pushes the larger public or the mainstream media to acknowledge, respond, and give airtime to progressive ideas because it is repeated many times.'' This ''echo chamber'' has followed the liberal line once again.
The Center for American Progress, which received $7.3 million from Soros's Open Society Foundations, jumped in to go after House Majority Leader Eric Cantor, R-Va., and House Republicans for not raising taxes on their blog Think Progress.
Instead of talking about the failure of Congress and the President to implement significant cuts, the Soros media went after the 'unreliable' ratings agency Standard & Poor's. Since S&P downgraded the U.S. from AAA to AA+, they were clearly the ones to blame.
The American Prospect, which received $875,000 from Soros and is also part of the Media Consortium, said ''recent events have also called Standard & Poor's credibility into question.'' ProPublica, another Soros group, also questioned S&P's ratings while Alternet described them as ''the discredited and corrupted rating agency.''
The Center for Public Integrity's iwatch news even called for more financial regulations to fix the problem. The center received $3.7 million from Soros. Think Progress manages to top this by criticizing local news broadcast from across the country for not blaming the downgrade on the failure to increase revenue.