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“So when I see journalists saying that Gruber’s revelations don’t matter because he’s just kind of awkwardly saying something that everyone knew, I get a little jittery,” former(?) Obama supporter Megan McArdle writes at the house organ for crony socialism, Bloomberg.com:
That politicians should try to exploit the accounting rules was inevitable; that is what people do with accounting rules. I’m not saying that’s what the rules are for, or that they do no good; I’m just saying that about eight seconds after your rules are made, some bright Johnny will start figuring out a way to game them.
What is not inevitable is that journalists should effectively sanction this by saying it’s no big deal. We don’t have to get elected, after all. And those politicians and policy makers aren’t our bosses; the reading public is.
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