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The Obama Administration Wants You To Stop Worrying and Love the Bailouts

• http://motherjones.com, By Nick Baumann
 

The Obama administration wants Americans to realize what a good job they and the Bush administration did saving the economy from a second Great Depression. But they'd prefer not to make this case directly. They want journalists to do it for them.

On Friday, the Treasury Department convened one of its semi-regular, invitation-only background press briefings for journalists. Senior Treasury officials spoke to us, answered our questions, and showed us a "deck," which is annoying industry jargon for a Powerpoint presentation. "I just know this is going to be a fucking waste of time—another dog-and-pony show," another journalist told me on our way into the meeting. The central message of the dog-and-pony show was that the US response to the 2008 financial collapse was pretty effective, especially when compared to how other countries reacted to different crises.

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