The February 16, 2009 issue of Newsweek indicates all that is wrong with the old dinosaur mainstream media.  The article is devoid of any economic theory, nor even a premise other than that socialism is inevitable and, what the heck, we might as well embrace it because “since neither consumers nor business is likely to do it, the government will have to stimulate the economy.”

About the only insight the article offers is that the Republicans, after their turn at growing government with their brand of corporate fascism are now crying “foul” over socialism in the Obama regime.  This is a ploy to keep themselves relevant as the party of smaller government.

The authors go on to state that once the crisis passes, the US will try to revert to a more free-market style of capitalism.  Implied, of course, is that a free market is not the solution to the crisis;  government is.

And here’s the kicker:  “The Obama administration is caught in a paradox. It must borrow and spend to fix a crisis created by too much borrowing and spending.”

Seriously, who gets paid to write this stuff?  Is this some kind of inside joke I’m missing out on?  So…if I’m in trouble because I went on a spending binge using my credit cards, the solution is to get more cards and spend more money I don’t have?

Newsweek, like all of the old-school print media, is in decline.  Their days are numbered, and the end can’t come too soon.  Get your news from the Internet.  Avoid this useless drivel – what do people pay, four bucks or so for this at a newsstand? –  and get your economics from Mises.org.

Socialism is not something to be taken lightly, it is the end of liberty and the devolution to tyranny and mass murder.  The fact that this “mainstream” publication offers nothing more than acceptance at best, advocacy at worst, disgusts me.  Die Newsweek.  Die.