Disappointed by Politico’s Ben Smith

24 10 2008

I know I’ve said it before, but I love politics and I especially love presidential election years.  I always try to keep my posts focused on the markets but the last 24 hours have been so strange and disappointing to me that I feel that I have to share a story with you all. 

The story begins with on my many favorite political websites, Politico.com.  I have been a dedicated reader of this site since before the primaries.  The site seems to anger both sides of the political spectrum, which usually means that they are doing a good job of reporting both sides of the story.  I especially like the two blogs written by Ben Smith, who covers the Democrats, and Jonathan Martin, who writes about the Republicans.  It was through these two guys, Ben especially, that I first learned about many of the biggest stories of this last year  (Bitter people clinging to their guns, Hillary under sniper fire, Palin’s secret flight to Akron, OH and of course the “Goddamn America Video”.)  While some of these stories have been good for my candidate and other have not, I have never questioned Ben Smith’s motivation for reporting a particular incident.  That changed last night and I think that as you read, you will see that my initial warning to Smith opened up a can of worms that made me totally lose respect for his professionalism. 

As you might know, last night Matt Drudge was sensationalising a story about a girl who was allegedly attacked because she was a McCain supporter.  Ben Smith picked up the post and put it on his blog.  The post started out with, “Here is some campaign-related violence, via Drudge.“  I was disgusted by the thought of such an attack and quickly read the story.  It didn’t take long to realize that the story relied totally and completely on the word of one person, the “victim”.  She claimed that she was robbed by a black man and because her car had a McCain sticker, the man came back after her, beat her and “carved” a B onto her cheek.  It was clear that Drudge had every reason to sensationalize the story, given that his candidate was getting his clock cleaned, but the reality was that something just didn’t smell right.  I felt that by putting the story up on his blog, Smith was legitimizing it before it could be investigated.  I worried that we could see lynch-mob style reprisals against innocent people.  I therefore sent an email to Ben at 6 pm on Oct 23rd. 

It said:

Ben,

I enjoy your blog, but does this really deserve reporting? Don’t you think you need a little more evidence for this crime being campaign related? How does this girl know he did this because he looked at a bumper sticker? Come on. This is racially charged stuff that needs to be investigated a little more thoroughly.
It is really disappointing to see you parrot Drudge.

Paul

Surprisingly, I got a pretty quick response from Smith, which said:

There’s a police report. She could be lying, but it’s passed into public record. Reverse the campaigns — an obama volunteer in texas, say.

I didn’t accuse the “victim” of lying. I just suggested that we need to know more before we started a race war (hyperbole). So I responded with the following email at about 7 pm central time on Oct 23rd.

Ben,

Of course there is a police report, there was a crime. The only thing campaign related is that the victim was a McCain volunteer. Does it become news because the criminal is black, or does it become news because a “B” was scratched into her face? Why would the “B” be for Obama? How can the victim know it was because the perpetrator saw a McCain sticker?

My problem is that there are just too many unknowns. The news says that the crime was within view of the atm cameras, so why didn’t you wait for that to be released?

What if there are reprisals and it turns out to be something other than advertised? Innocent people have been killed for less.

I apologize for the emotional email, but this is scary stuff.

Paul

Now here comes the incredible part. Smith responds with the following one line email.

Does it even say anywhere he’s black?

Can you believe that shit? So now this clown is trying to turn the tables and call me racist for assuming he was black? Guess what Ben, the original story that you posted stated clearly that the “victim” claimed that she was attacked by a “6-4 dark-skinned black man”. Give me a break!

Perhaps Ben Smith needs to start reading the stories he posts instead of just riding Matt Drudge’s ever shortening coattails.  

Of course we now know that this nut-job “victim” just made the whole thing up.  I hope the credibility of Ben Smith takes a hit after this 24 hour fiasco.  That way the next time he pulls something like this, no one will take it seriously.

Side note:  Jonathan Martin also reported this BS as fact.  I did not email him.

 

UPDATE:  I thought I was disgusted before.  Now I can barely hold down my dinner as I read these “professionals” try to rationalize their pathetic behavior.  Ben Smith says that although he is a journalist, he doesn’t have to live up to the same standards because he was just blogging the story.  What a joke! 

I wrote a letter to Politico’s editor-in-chief, John Harris.  I suggest you do the same.

Let’s not forget Ben’s ass kissing article writen with Jonathan Martin.

Here is the screen capture of the email.  I blacked out my email. 





Just a quick question

14 10 2008

This isn’t about the markets, it is about the election.  And why not, the markets didn’t rise or drop by 10% so I’m pretty bored. 

I’m not sure if you have heard about this ACORN “controversy”, but if you have, can you explain to me why bogus voter registration is a problem?  Last time I checked, registering Micky Freakin’ Mouse doesn’t mean that the rodent is going to show up at the polls and cast a vote.  

Can someone please help me with this one?  Perhaps I am missing something.





Election distractions

8 10 2008

I try not to get political on this blog but there are occasions when I just can’t help myself.  Today, however, is different.  I have a couple gold stock positions on and they are moving so violently that I just can’t bare to watch.  So what I’m doing is putting in some stops and recommending that you go check out the best political polling blog in the world.  http://www.fivethirtyeight.com/

The author of the blog takes polling data, demographics, and other factors to model the likely outcome of political elections.  Basically, he runs thousands of simulations using his model to arrive at a probability distribution of outcomes.  The resulting curve is very accurate and offers much more reliable results than just using a simple poll.  Take a look at the most recent results.

The red peaks are the number of times the simulation resulted in a McCain victory and the blue represents an Obama victory.  As you can see, the McCain victory scenario is extremely improbable and it looks like, if the election were held today, the most probable outcome would be an Obama electoral vote landslide.  In fact, the probability of McCain getting 270 votes is about the same as Obama getting 420 electoral votes.  Pretty amazing stuff.     





It is a no-brainer

19 09 2008

Man, this bear market has lasted a long time.  I was just looking at some of my old posts and this one came up.  More on the Credit Default Swaps.  In the post I talk about how people didn’t get the simple fact that we were at the end of a credit cycle.  The bubble had burst and there were some serious consequences to come.  At the time we were worried about Ambac and MBIA, but who would have thought that they made it through the mess and AIG didn’t.  Wow. 

Now look at where we are.  Yes our politicians don’t know a damn thing about the markets.  And yes, they won’t be of any practical help in getting through this mess, but one thing is quite clear to me, we must not elect the man that has been blindly following deregulation his entire political career, only to change his mind when the going gets tough.  (We also don’t need someone who listens to Phil Gramm) 

What we need is someone who will speak rationally and yes, inspirationaly, to the American public.  We need someone to restore confidence and stability.  We don’t need someone to save us, we are the only ones who can do that, but we can certainly use someone to help us remember what being American is all about, someone who really puts country first.   

It’s going to get worse before it gets better.  Watch this video and tell me who you want speaking to the American people?





Goodbye Lehman…

14 09 2008

It looks like bankruptcy for Lehman.  Next up, AIG, WaMu and Mother Merrill

If I were Obama I would be hammering McCain on this.  This trouble can all be traced back to the deregulation laws written by bank lobbyists (yes I’m whining about you Phil Gramm).

Further reading:
Amity Shlaes Does Not Know What a Recession Is





I’m sorry but I can’t take it anymore!

24 05 2008

Watch the following video and tell me that you would vote for this clown.


 
I used to respect this guy!!! What a freakin’ joke!!! I’m net short and pissed!!!