Ezra Klein

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Ezra Klein

JounoList founder

Ezra Klein was described in the Politico newspaper of March 17, 2009, as "the 24-year-old American Prospect blogging wunderkind who formed JournoList in February 2007. "Basically, he said, it's just a list where journalists and policy wonks can discuss issues freely."[1].

However, a look at the list shows that it leans very heavily to the Left, from Liberal to Marxist (i.e. Eric Alterman, Alterman having been a "Guardian Associate" of the Maoist-oriented radical weekly, the Guardian from the latter part of 1989 to, apparently, the middle of the 90's when the Guardian ceased publication. Other members of the JList include former members/leaders of the old marxist Students for a Democratic Society SDS, possible "red diaper babies", i.e. children of Communist Party USA members or their "red diaper" offspring, the quasi-marxist economist/column Paul Krugman, and members of such publications as Newsweek, Politico, Huffington Post, The New Republic, The Nation and the New Yorkers. Also included as members of the JList was, according to this "Politico" article, Joe Klein, a leading leftist columnist for Time Magazine and veteran leftist writer Matthew Yglesias of the George Soros creation, the Center for American Progress, led by old Institute for Policy Studies IPS leader Robert Borosage and Morton Halperin, the latter being a former government official once under suspicion of leaking secret documents, and who later worked for the leftist ACLU and the far-left Center for National Security Studies CNSS, a project of the Communist-influenced Fund for Peace.

Ezra Klein is also a young leftist columnist for the Washington Post. He presently (July 2010) writes a column, "Economic and Domestic Policy." His writing is all over the place, sometimes spouting a liberal/leftist line, but at other times, he says things that sound conservative but only up to a point.

One example of where he only gave half the story was found in his July 18, 2010 W.P. column "Five places to look for the next financial crisis." In the third paragraph, he wrote:

"And he's (Hank Paulson) right: The next time there's a financial crisis, regulators will say a quick prayer of thanks to (Senators) Barney Frank and Chris Dodd Christopher Dodd for giving them the power and information to quickly figure out what's happened and how to respond."

This paragraph was referring to the newly passed "financial reform" legislation which greatly broadened the government's powers of intervention in the economic market place, and not necessarily for the better in some situations.

What Klein failed to mention was that both Dodd and Frank played major roles in weakening existing federal regulations that would have significantly controlled the outrageous financial practices of the government's subprime loan agencies, specifically Fannie Mae and Freddie Mac. This would have included the Community Reinvestment Act of 1976, which made housing loans subject to sounder financial lending guidelines than the more liberal and destructive no-money-down policies of Fannie Mae, led by the $90 million-bonus recipient, political officer, Franklin Raines.

While Klein mentions an impending investigation next year by Congress into what led to the housing loan industry near-collapse, what he said about it is incomplete and covering up for the machinations of Dodd and Frank, among others, in allowing this financial disaster. He wrote:

"Many of the weaknesses and imbalances that led to the financial crisis escaped this regulatory response. The most glaring omission: Fannie Mae, Freddie Mac and the crazed housing market that led to the crash. That issue is slated to go before Congress next year, but here are five that aren't."

Since Dodd and Frank and Raines had direct roles in governmental policies regarding the home loan situation, Klein should have been asking why the Republican administration of George Bush had not tried harder to get the Democrat-dominated Congress to investigate this burgeoning problem since 2005, and conversely, why the Democrats during the Bush Administration blocked his efforts to do so.

Then Klein should have asked why the Democrat-dominated administration and Congress of Pres. Obama totally refused to hold serious investigations into the allegations (which had some teeth to them), that Senators Dodd and Frank, and Fannie Mae under Franklin Raines, stifled and/or emasculated both the enforcement of the CRA terms for loans, as well as promoted the no-money-down home loan programs to people who were not financially qualified under the CRA and other federal loan guidelines.

[Additional information on Ezra Klein will be added to Keywiki as it become available. The above was just to provide readers with one example of how he writes/thinks as a Washington Post business/economic columnist]

Klien is also a 2010 Business Section columnist.

References

  1. PoliticoJournoList: Inside the echo chamber, by Michael Calderone, March 17, 2009