Last Friday's Solyndra news blitz illustrates the point pretty well. In response to sweeping demands from Republicans, the White House released another huge cache of emails. Poring over them, searching desperately for scandal-ish material in the 65,000 pages of documents the White House has handed over so far, the best reporters could come up with was that Obama had appointed, as political liaison for the program, someone who had "bundled" money for his 2008 campaign.
Those of you awake earlier this century might recall that the Bush administration outdid this "scandal" roughly once a week. Remember Cheney's secret energy task force with fossil-fuel companies? Remember the illicit sex and cocaine at the Minerals Management Service? Remember "Brownie" at FEMA? Remember the manipulation of scientific reports on climate? Remember the $6.6 billion in lost reconstruction money in Iraq?
The Beltway media feedback loop has become grotesquely self-serving and self-referential. It is now for and about plutocrats. And it gives plutocrats what they demand: tidbits and titillation that embarrass Democrats and discredit challengers to the corporate status quo (22 percent of Politico's traffic comes from the Drudge Report). Solyndra-the-scandal is just too juicy too allow for any perspective on Solyndra-the-solar-company.
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