On the CBS Evening News of November 19, 2012, anchor Scott Pelley interviewed Lloyd Blankenfein, CEO of Goldman Sachs. The interview was described as "rare." The subject was economic recovery and the 'fiscal cliff.'
Mr. Blankenfein stated that there is a need for more revenue so the wealthy should pay more in taxes. There is a need for less spending and the place to do that is 'entitlements', i.e., Social Security, Medicare & Medicaid.
A nice tidy package that, if swallowed, would solve our fiscal problems, or so he would have us believe.. Mr. Pelley swallowed it. I did not.
The USA is not only lacking investigative reporting at the federal level; it suffers from a dearth of competent reporting.
Mr. Pelley was subdued by the supposed honor of the invitation to speak to Mr. Blankenfein, one of the most influential men in the world in charge of one of the biggest banks in the world.
Mr. Pelley did not ask one tough question. He did not provide a differing POV. I don't believe he ever intended to. This interview was a set-up, the first shot fired by the corporatacracy and the government to 'educate the American people about the sacrifices they need to make.'
The media in America are owned by the corporations and do their bidding.
The worst omission of the interview was the failure to mention the billions spent on the Pentagon, the CIA, and the Superstate of Security behemoth that exceeds the cost and dangers of the military-industrial complex.
Of course, Mr. Blankenfein wouldn't reduce spending there. He needs those organizations to protect his financial interests around the world.