The Bernie Madoff of Information
In other words, the New York Times trades on a reputation for solid reporting earned four decades ago to create a Matrix: a plausible imitation of reality that is wholly false. And there are people in New York (and even elsewhere possibly) who haven't noticed the change and who still read this paper as if it were telling them the truth. They think that Reagan ruined this country and Obama is doing a great job. They think that human activity is causing the earth to hurtle to extinction. They think Mitt Romney is a mean man who doesn't know anything — and Obama cares!
But mostly what they think is that leftism is still liberal, that it is a bulwark against the sort of government oppression, censorship, racism and undeclared warfare that — well, that only leftists actually support.
So my congratulations to the New York Times. It is the Bernie Madoff of information and for now at least, the Ponzi Scheme is still in play.
[While we're on the subject, don't forget to submit your nominations for the Walter Duranty Prize for dishonesty in journalism, given by PJ Media and the New Criterion.]