Britain Gets a Taste of Fox News Ethics, Tim Pawlenty’s 3% polling in New Hampshire forecasts a win, If you are the Least Bit Optimistic, Here’s a Report for You . . .

And Other News That Should be Commented Upon

There is a bit of a scandal brewing in England where a newspaper owned by Ruport Murdoch’s News Corp (yes, the ones who own Fox News) is caught up in a phone hacking scandal.  As described by the Conservative Prime Minister of England, David Cameron here is what was going on.

the "absolutely disgusting" practice of illegally intercepting the voicemail messages of murder victims and their families.

Well Fox News Parent, when even Conservatives call your practices “absolutely disgusting” you might want to conclude that maybe, just maybe they really are.

With nothing really to report on in the Presidential race until campaigning for the Iowa caucuses and New Hampshire primary starts in earnest later in the fall, political reports are now focusing on how much money each candidate has raised.  Mitt Romney is, of course the leader (way to go Mitt) and the rest of the pack is pretty much in the millions.  All of this means, nothing.  On the other something that is meaningful is the fact that Shelly Happer of West Falls City, Nebraska raised $824.72 for a campaign to be Assistant Town Auditor.  Major political pundits are writing their stories as we speak.

Taegan Goddard reports on how Tim Pawlenty is saying he doesn’t need to do well in Iowa because he can win in New Hampshire.  Mr. Pawlenty is currently polling at 3% in New Hampshire.

Feeling good?  You Won’t be after this story.

The Market Watch Section of the Wall Street Journal has this headline on its report,

The next, worse financial crisis

Commentary: Ten reasons we are doomed to repeat 2008

So if you are in the least bit optimistic and want to stay that way, do not read any further.

Here is lucky reason number seven of the opinion

7. The ancient regime is in the saddle. I have to laugh whenever I hear Republicans ranting that Barack Obama is a “liberal” or a “socialist” or a communist. Are you kidding me? Obama is Bush 44. He’s a bit more like the old man than the younger one. But look at who’s still running the economy: Bernanke. Geithner. Summers. Goldman Sachs. J.P. Morgan Chase. We’ve had the same establishment in charge since at least 1987, when Paul Volcker stood down as Fed chairman. Change? What “change”? (And even the little we had was too much for Wall Street, which bought itself a new, more compliant Congress in 2010.)

And the conclusion,

You know what George Santayana said about people who forget the past. But we’re even dumber than that. We are doomed to repeat the past not because we have forgotten it but because we never learned the lessons to begin with.

And they call The Dismal Political Economist dismal!