The Times Has Got Your Back!

There's a story in today's New York Times about the prevailing economic meltdown entitled: Can't Grasp Credit Crisis? Join the Club.

What's there is an extremely oversimplified version of what's been going on in the American economy for the past 6 months.

Now while it's correct to say that there's a lot going on that people don't understand, the tone of the article -- that that's ok -- is objectionable. In addition, the writer plays down the over reliance of the American economy on what Russ Winter calls "Black Box Crony Capitalism," and completely ignores the predatory lending practices that were the engine behind the meltdown in the first place.

It makes me want to say, as much as I hate to say it, that the New York Times seems to be committed to helping us forget history. And everyone knows what happens when you do that -- or do they?

Or maybe it's just a matter of knowing your target market.