Here’s the problem with making big cuts to government spending while simultaneously trying to revive the economy: According to a report by a Goldman Sachs economist, the $61 billion in cuts passed by the House last week (which are unlikely to make it through the Senate) would reduce GDP growth by 1.5 percent to 2 percent over the next two fiscal quarters. Was that the mandate from voters? “Slow down our already sluggish recovery”? We think you got it backwards you guys! [Note/ABC News]
[Facebook’s rationale for leaving up the Pelosi video] is ridiculous. The only thing the incident shows is how expert Facebook has become at blurring the lines between simple mistakes and deliberate deception, thereby abrogating its responsibility as the key distributor of news on the planet.
Would a broadcast network air this? Never. Would a newspaper publish it? Not without serious repercussions. Would a marketing campaign like this ever pass muster? False advertising.
No other media could get away with spreading anything like this because they lack the immunity protection that Facebook and other tech companies enjoy under Section 230 of the Communications Decency Act. Section 230 was intended to spur innovation and encourage start-ups. Now it’s a shield to protect behemoths from any sensible rules. …
By conflating censorship with the responsible maintenance of its platforms, and by providing “rules” that are really just capricious decisions by a small coterie of the rich and powerful, Facebook and others have created a free-for-all with no consistent philosophy.