Topic: Accuracy in Media
Cliff Kincaid has a new conspiracy to peddle: that the global financial crisis was engineered by George Soros to get Barack Obama elected. At least, that's what he appears to be hinting at in an Oct. 26 Accuracy in Media column:
Incredibly, we have no definitive explanation of why a global financial crisis suddenly materialized just six weeks before U.S. presidential and congressional elections. Instead, controversial hedge fund operators like George Soros, an Obama backer who was convicted of insider trading in France and was in the news earlier this year for his possible role in betting on a U.S. economic collapse, have largely escaped scrutiny.
“The House Committee on Oversight and Government Reform is scheduled to hold a hearing about regulation next month with five hedge fund managers,” including Soros, the New York Times reported last Wednesday. Soros is one of several hedge fund operators who reportedly made more than $1 billion last year. But this hearing could occur after the elections and after the Soros-supported Democrats take the White House and increase their numbers in Congress.
Soros is being treated deferentially by such media personalities as Bill Moyers of the Public Broadcasting Service and Fareed Zakaria of CNN.
Further, proving that he won't let go of a lie when it works to his benefit and proclivities, Kincaid yet again falsely claims that the Obama-sponsored Global Poverty Act will cost the U.S. $845 billion over the next 13 years. In fact, as we've pointed out every time Kincaid makes this claim, the bill has no funding mechanism, doesn't commit the U.S. to a targeted level of spending, and doesn't give the United Nations the power to impose a tax on the U.S.