Almost 15 years have passed since I warned about media “balance” that involved journalists systematically abdicating their duty to inform readers about simple matters of fact. As I wrote in a New York Times column in 2000: “If a presidential candidate were to declare that the earth is flat, you would be sure to see a news analysis under the headline ‘Shape of the Planet: Both Sides Have a Point.’ After all, the earth isn’t perfectly spherical.”
Have things improved since then? In some ways, they have gotten even worse: These days, media balance often seems to involve retroactively rewriting history to avoid telling readers that supporters on one side of a policy debate got things completely wrong.
In particular, when you see reports on monetary disputes, you often see characterizations of what the Federal Reserve’s right-wing critics have been saying that go something like this, from a recent Washington Post article: “Among the criticisms: The Fed was keeping interest rates artificially low and fueling speculative bubbles. The helicopter-drop of money known as quantitative easing did little more than inflate stock markets and fund Washington’s deficit spending. The bailout of big banks left them bigger than ever.”
Um, no.
The conservatives who gathered at the Jackson Hole Summit earlier this month weren’t warning about bubbles and too-big-to-fail banks. They were warning, in apocalyptic terms, that runaway inflation was just around the corner.
Why would a reporter credit the Fed’s critics with warnings they didn’t give, and fail to mention what they actually said? The answer is that if you wrote, for instance, that “Ron Paul has been predicting runaway inflation ever since the Fed began its expansionary policies,” you would make it clear that the former Republican congressman and presidential candidate has been utterly wrong the whole time. And conveying that truth – even as a matter of simple factual reporting – is apparently considered taking a side.
So what we get instead is a whitewashing of the intellectual history, in which Fed critics are portrayed as making arguments that haven’t been shown to be ridiculous. It’s a pretty sorry spectacle.
The Reactionary Soul
In a recent Times column, Frank Bruni marveled at polls that indicate that Donald Trump, with his multiple marriages and casinos, is the preferred presidential candidate among Republican evangelical Christians. Other commentators are shocked to see a crude mercantilist make so much headway in the alleged party of free markets. What happened to conservative principles?
Actually, nothing – those alleged principles were never real. Conservative religiosity and faith in the markets were never about living a godly life or letting the invisible hand promote entrepreneurship. Instead, as City University of New York political science professor Corey Robin describes it, modern conservatism is “a reactionary movement, a defense of power and privilege against democratic challenges from below, particularly in the private spheres of the family and the workplace.”
It’s really about who’s boss, and making sure that the man in charge stays boss. Mr. Trump is admired for putting women and workers “in their place,” and it doesn’t matter if he “covets his neighbor’s wife” or demands trade wars.
The point is that Mr. Trump isn’t a diversion – he’s a revelation, bringing the real motivations of the conservative movement out into the open.
Help us Prepare for Trump’s Day One
Trump is busy getting ready for Day One of his presidency – but so is Truthout.
Trump has made it no secret that he is planning a demolition-style attack on both specific communities and democracy as a whole, beginning on his first day in office. With over 25 executive orders and directives queued up for January 20, he’s promised to “launch the largest deportation program in American history,” roll back anti-discrimination protections for transgender students, and implement a “drill, drill, drill” approach to ramp up oil and gas extraction.
Organizations like Truthout are also being threatened by legislation like HR 9495, the “nonprofit killer bill” that would allow the Treasury Secretary to declare any nonprofit a “terrorist-supporting organization” and strip its tax-exempt status without due process. Progressive media like Truthout that has courageously focused on reporting on Israel’s genocide in Gaza are in the bill’s crosshairs.
As journalists, we have a responsibility to look at hard realities and communicate them to you. We hope that you, like us, can use this information to prepare for what’s to come.
And if you feel uncertain about what to do in the face of a second Trump administration, we invite you to be an indispensable part of Truthout’s preparations.
In addition to covering the widespread onslaught of draconian policy, we’re shoring up our resources for what might come next for progressive media: bad-faith lawsuits from far-right ghouls, legislation that seeks to strip us of our ability to receive tax-deductible donations, and further throttling of our reach on social media platforms owned by Trump’s sycophants.
We’re preparing right now for Trump’s Day One: building a brave coalition of movement media; reaching out to the activists, academics, and thinkers we trust to shine a light on the inner workings of authoritarianism; and planning to use journalism as a tool to equip movements to protect the people, lands, and principles most vulnerable to Trump’s destruction.
We urgently need your help to prepare. As you know, our December fundraiser is our most important of the year and will determine the scale of work we’ll be able to do in 2025. We’ve set two goals: to raise $86,000 in one-time donations and to add 1260 new monthly donors by midnight on December 31.
Today, we’re asking all of our readers to start a monthly donation or make a one-time donation – as a commitment to stand with us on day one of Trump’s presidency, and every day after that, as we produce journalism that combats authoritarianism, censorship, injustice, and misinformation. You’re an essential part of our future – please join the movement by making a tax-deductible donation today.
If you have the means to make a substantial gift, please dig deep during this critical time!
With gratitude and resolve,
Maya, Negin, Saima, and Ziggy