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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
Related: ^DJI, BAC, XLF, GS, JPM, MS, C
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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