Peter Goodman, the business editor for the perilously liberal Huffington Post, has come up with a new highly-derogatory term for people on the right that believe there isn't an unlimited amount of money at the government's disposal.
His Monday headline read, "Bleeding Cash Conservatives Wasting Money To Punish Vulnerable Americans":
Peter Goodman, the former Times left-wing economics writer who is now business editor at the Huffington Post, called Republicans terrorists in a Monday column. The Observer’s Kat Stoeffel explained:
Huffington Post Business Editor Peter Goodman wrote a provocative column today. It was no Esquire “Have More Satisfying Sex Than DSK”, but it did compare Republicans to terrorists.
“The same Republicans who have so eagerly prosecuted the war on terror, running up huge deficits in the process, are now behaving like the enemies on which they have squandered so much blood and treasure: They are acting like terrorists. Yes, terrorists.”
New York Times economics reporter Peter Goodman certainly can't be accused of dry writing. Goodman constantly draws attention to his economics stories (often well-positioned by editors) with sharp criticism of capitalism, and he reached a new level of leftist abstraction in his Sunday Week in Review piece on the early-morning shopping stampede at a Long Island Wal-Mart that resulted in the trampling death of an employee, "A Shopping Guernica Captures the Moment." From the high-brow yet histrionic headline (here's some background on the German bombing of the Spanish city of Guernica) to the inflated prose, it's good, chewy bias in Goodman's favored Marxist professor mode (as prominently displayed in his December 2007 story headlined "The Free Market: A False Idol After All?").Goodman is eager to paint the Wal-Mart rampagers as some species of victim -- if not of capitalism directly, then the marketing that is selling capitalism to the people in this time of crisis.
From the Great Depression, we remember the bread lines. From the oil shocks of the 1970s, we recall lines of cars snaking from gas stations. And from our current moment, we may come to remember scenes like the one at a Long Island Wal-Mart in the dawn after Thanksgiving, when 2,000 frantic shoppers trampled to death an employee who stood between them and the bargains within.
Well, the New York Times certainly can't be accused of excessive free market idolization.
In "Wall St. Sees Silver Lining," new New York Times economics reporter Peter Goodman (formerly of the Washington Post) made Saturday's front page with a "news analysis" that impressively managed to put last week's big stock market rally in the context of an "ailing economy" that was "imperiled by the crumbling housing market."
As the 2008 election approaches, the New York Times uses the image of a sinking red "RECE$$ION" to communicate a fear that is so far only a phantom menace. Peter Goodman's Sunday Week in Review cover story, "Trying to Guess What Happens Next," displayed plenty of pessimism about the U.S. economy after years of foreign-financed easy money.
But the accompanying graphic communicated even more starkly the feeling the Times no doubt wanted to convey -- a fearful, sinking feeling among U.S. consumers (and November voters). The top half of the page was dominated by white space, with the big red word "RECE$$ION" sinking below the horizon.
Is there a single economist who thinks the U.S. economy, with inflation tamed for now and a low unemployment rate, is currently in recession? Not even Goodman himself goes that far, though his pessimism seems pretty overblown.