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bailout bill – Peerflow http://www.peerflow.net Open participation through a fast Internet Tue, 14 Oct 2008 11:37:37 +0000 en-US hourly 1 https://wordpress.org/?v=6.9 America’s Punditocracy Expressed Its Shock http://www.peerflow.net/2008/10/americas-punditocracy-expressed-its-shock.html Tue, 14 Oct 2008 11:37:37 +0000 http://www.peerflow.net/2008/10/americas-punditocracy-expressed-its-shock.html 29 September 2008, the day the Internet was validated as more influential than the traditional press:
People discovered that to “Change Congress,” you simply need a ballot box – or the threat of one.

All this was reflected on political sites, forums and blogs – but not a hint of this sentiment was expressed by the professional media. So when Congress rejected the Bill on that Monday, America’s punditocracy expressed its shock. It also reported that the markets were “astonished” – the markets being presumed to have a better grasp of what American citizens want than American citizens themselves.

All week, the media had refrained from comment that might embarrass the political class. In fact, the first professional column I read which was reflected the true feelings of many US citizens around me was written from 3,500 miles away and published in London’s Sunday Times.

Sudden outbreak of democracy baffles US pundits, By Andrew Orlowski, The Register, Posted in Government, 3rd October 2008 18:47 GMT

Dinosaurs were probably shocked by mammals, too.

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