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Arianna Huffington: Obama Is Wrong About Wall St. and I'm No Lefty

Posted May 29, 2009 07:30am EDT by Aaron Task in Newsmakers, Banking
CARLSBAD, CALIF. -- It may come as a surprise to many, but Arianna Huffington does not consider herself or the Huffington Post liberal or a lefty.

"We call them as we see them [and] pursue the truth wherever it takes us," Huffington says. "I don't think looking at us as pursuing any ideology can be in any way validated by the facts."

Huffington's critics and GOP stalwarts might argue with that, as well as her
belief that those still viewing America through a right-left prism are "missing the story."

But there's no denying the columnist, author and blogger isn't fawning over the Obama Administration, and is highly critical of its handling of Wall Street and bailout of the banks.

The administration is "avoiding the big problems" - namely bad loans still on banks' balance sheets - and continues to view Wall Street as the center of the universe. Specifically, Tim Geithner and Larry Summers "are like people who still believe the world is flat," she says in the accompanying video, taped at the AllThingsD conference here at the Four Seasons. "That's not good if you're producing maps to navigate."

Furthermore, Huffington is not a cheerleader for the economic "green shoots" thesis, which isn't what you'd expect from someone purportedly pushing a pro-Obama agenda. In fact, she calls the recovery theme "misleading and unjustified," and chastises the mainstream media for contributing to the "financial euphoria" - after having mainly missed the economic meltdown.

Criticizing the press...now there's something most Americans can agree on.

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154 Comments

Anthony
Anthony - Friday May 29, 2009 07:59AM EDT

I WONDER WHO OPENED HER EYE'S

VJ
VJ - Friday May 29, 2009 08:02AM EDT

How low do you have to stoop to find someone who promotes your views??? Since when did Ariana Huffington become a financial commentator?

VJ
VJ - Friday May 29, 2009 08:03AM EDT

Having Ariana Huffington on your show is like having Greenspan judge a beauty contest!

JoshuaM
JoshuaM - Friday May 29, 2009 08:20AM EDT

Follow-the-money alert. Gee why would she be defending wall street? Hmmm

apppro.net
apppro.net - Friday May 29, 2009 08:22AM EDT

She is one negative sick puppy. I can't understand how a foreigner has been given such importance. All she can speak about is, 'give it all away' and 'let it all fail'. Her socialistic beliefs serve no one in America any good. Stop giving her so much press and pull her plug.

Virender
Virender - Friday May 29, 2009 08:30AM EDT

Though there is some truth to what they are saying.Henry and this guy are complete idiots along with her. Tell me something new. They are very irritating. Filtering Tech ticker news.

Virender
Virender - Friday May 29, 2009 08:30AM EDT

Though there is some truth to what they are saying.Henry and this guy are complete idiots along with her. Tell me something new. They are very irritating. Filtering Tech ticker news.

Virender
Virender - Friday May 29, 2009 08:31AM EDT

Though there is some truth to what they are saying.Henry and this guy are complete idiots along with her. Tell me something new. They are very irritating. Filtering Tech ticker news.

Ardian
Ardian - Friday May 29, 2009 08:35AM EDT

its about time someone pulls the plug on her, I can't believe she is into financials and economy now ...

Fred
Fred - Friday May 29, 2009 08:37AM EDT

Wasn't she on Green Acres?

yogi9448
yogi9448 - Friday May 29, 2009 08:41AM EDT

"Pursue the truth....." , LOL. She must be having the same rating (aka money) problems as MSNBC/CNN/ABC/CBS. Reporting news from a socialist/facist perspective only appeals to about 25% of the US, so you better be prepared make a living off your fellow comrades.

Elmer
Elmer - Friday May 29, 2009 08:46AM EDT

I think she is deluded.

JamesM
JamesM - Friday May 29, 2009 08:48AM EDT

Evidence that the great media fraud machine is showing signs of cracking. For once, THANK YOU Arianna.

A
A - Friday May 29, 2009 08:53AM EDT

I'm left-leaning but no fan of Huffington or HuffPo. Each time I've tried to post comments there showing that bloggers (including Arianna) have mischaracterized or misquoted the stories they crib, my post gets moderated our of existence. That's censorship and they don't practice what they preach.

Rosepw
Rosepw - Friday May 29, 2009 08:54AM EDT

Wallstreet is just waiting to cash in on us again after enough suckers poured their hard earned money back into the stock market, The time is not quite there jet, but that crew of deceivers are allreay licking their chops.

John
John - Friday May 29, 2009 08:54AM EDT

Gee, all these powerful people commenting on things they do not know about.

georgew
georgew - Friday May 29, 2009 08:55AM EDT

She is right- Feds are lying to american mass about Wall Street- They just say but doing nothing- they are just as bad as Bankers. Congress is in the same boat. Wall Street bankers should go to hell. They are too arrogant and still thinking their are the elites on earth. Are they realy brilliant? or just bunch crooks. Hope the public open their eyes vote out all the incumbent Democrats and republicans politicians. Obama needs to stop acting like a movie star.

harshing_my_mellow
harshing_my_mellow - Friday May 29, 2009 08:58AM EDT

Why is everyone soooooo abusive? Here's the deal, if you are "true believer's", point to ONE thing TANGIBLE to PROVE a recovery is in place. I mean, make sure you take out the $Billions being pumped into the economy by this admninistration, FIRST. Also, you may also want to consider a lot of the Chrysler/GM economic situation really hasn't hit the numbers.... yet. Oh, sure, you can believe the bullshit that the "market has factored these variables already, but, c'mon now, quit with the perceived optimism and look at the facts. Maybe some of you true believer's can point specifically to where the toxic assests, credit card mess and commercial real estate numbers show up? Pull the $Billions out of the balance sheets from some of these "solvent" corporations and tell me how peachy things are. Get a grip and start dealing with truth and justice and quit spewing wishful thinking.

redbear
redbear - Friday May 29, 2009 09:03AM EDT

It's about time that the "Left" saw the light and view Mr. Obama and his team of fraudulent advisors finally screw up this economy. I am waiting for the bread lines to start forming.

Yahoo! Finance User
Yahoo! Finance User - Friday May 29, 2009 09:04AM EDT

Guy!! Be real and dont amke childish comments. She is political and policy commentator. Nothing wrong with her views. She is NOT analyzing stocks or markets.

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