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OFF THE GRID
Apr 20, 09 | 8:45 AM

Spitzer Spins Newsweek, Newsweek Spins Spitzer

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I’m trying to parse the Spitzer-Newsweek deal. In effect, Newsweek, by reporting on Spitzer’s rehabilitation, is rehabilitating its own asset.

My curiosity here has nothing to do with whether Spitzer should be rehabilitated or not, but with the commercial nature of the effort, and, too, the who-knows-whom-in-the-media-power-structure aspects of the comeback.

Newsweek, in its cover story this week, is theoretically telling us, based on an in-depth interview with the former governor, about details of his soul-searching and the mechanics of his redemption. What Newsweek doesn’t say is that a major building block of Spitzer’s return to credibility and public life is to be featured on the cover of a major news magazine.

As it happens, Spitzer is openly engaged in a more or less formal comeback strategy with various entities of the Washington Post Co., of which Newsweek is one. In addition to writing for Newsweek, he also writes a regular column for Slate, the Washington Post-owned website. Other than a certain coziness, there is nothing necessarily wrong here.


(AP Image)

Still, it does suggest an interesting back story that Newsweek isn’t telling us about. While Newsweek does discuss how difficult it is for a politician to surmount extreme tawdriness, what it doesn't say is that one of the differentiators among scandal subjects is the strength of his or her relationship with a major media outlet.

Indeed, Eliot Spitzer, on Newsweek’s cover, looks not like a disgraced former governor of New York, but rather more like a deeply burdened president of the United States. Newsweek is mythologizing as well as analyzing his plight.

Spitzer, who grew up in Manhattan with great wealth, has always had exceptionally good relationships high up inside the media world. The story of his rise has been in large measure about insiderism—he knows everybody. I once got into trouble with the governor because at a book party for a member of the New York Times editorial board at the home of Steve Rattner (who, himself, may shortly need rehabilitation), Newsweek’s lead writer, Jonathan Alter, introduced me to Silda Spitzer, who I wrote about in a way that her husband didn’t much like.

Craftily, and seamlessly, Spitzer has put together a relationship of mutual convenience with Newsweek and Slate and the Washington Post Co. He is theirs—in their pages, at their parties. For Newsweek, more and more constrained by lack of resources and purpose, the exclusive interview with Spitzer is a coup. It’s worth it to be nice to the former governor for this exclusive chat—it’s worth it to help his comeback, even to be its agent. He’s their star.

These are tough times and we all have to scratch each other’s backs.

So who’s going to offer Bernie Madoff a column?

More of Newser founder Michael Wolff's articles and commentary can be found at VanityFair.com, where he writes a regular column. He can be emailed at michael@newser.com

7 comments
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lizouttavegas
Apr 20, 09 10:54 AM CDT
interesting, Michael! I dont know much about your east coast "scandals", but he looks as weird & homely as he did the first time I heard about him & the hooker..nothing appears to have changed except his "people" seem to be pretending he's a new & improved person..Which I seriously doubt..Arent the people of NY smarter than to fall for this? you know that old saying "do me once",ettc? well...think about it. He's still scum,right? who's falling for his bs? Reply
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Reader3181
Apr 20, 09 11:29 AM CDT
Elliot probably has a brighter future than Newsweek. Reply
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DeniseVB
Apr 20, 09 11:35 AM CDT
After 25 years, I cancelled Newsweek. Seems the Obama Administration has been controlling the message. Weak. Reply
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JEFFERSON_IAN
Apr 20, 09 11:52 AM CDT
Reply
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Reader68025898
Apr 20, 09 4:16 PM CDT
It's discouraging, but not surprising, to see Michael Wolff ignoring what may be the real reasons Spitzer was destroyed. It had little to do with his whoring, which no one defends, not even Spitzer. It had to do with his patriotism, a type one does not put in quotes. As professor Peter Dale Scott lays it out, the real story is one people like Wolff should write about, but strangely don't. It's at: http://www.globalresearch.ca/index.php?context=va&aid=11681 Here's a key snippet from this amazing piece. Bracketed numbers are Scott's citations, available in the original. GaryA Let us now consider the financial crisis and the panic bailout. No one should think that the crisis was unforeseen. Back in February Eliot Spitzer, in one of his last acts as governor of New York, warned about the impending crisis created by predatory lending, and reveled that the Bush Administration was blocking state efforts to deal with it. His extraordinary warning, in the Washington Post, is worth quoting at some length: Several years ago, state attorneys general and others involved in consumer protection began to notice a marked increase in a range of predatory lending practices by mortgage lenders. … Even though predatory lending was becoming a national problem, the Bush administration looked the other way and did nothing to protect American homeowners. In fact, the government chose instead to align itself with the banks that were victimizing consumers. . . . Several state legislatures, including New York's, enacted laws aimed at curbing such practices. . . .Not only did the Bush administration do nothing to protect consumers, it embarked on an aggressive and unprecedented campaign to prevent states from protecting their residents from the very problems to which the federal government was turning a blind eye. Let me explain: The administration accomplished this feat through an obscure federal [Treasury] agency called the Office of the Comptroller of the Currency (OCC). The OCC has been in existence since the Civil War. Its mission is to ensure the fiscal soundness of national banks. For 140 years, the OCC examined the books of national banks to make sure they were balanced, an important but uncontroversial function. But a few years ago, for the first time in its history, the OCC was used as a tool against consumers. In 2003, during the height of the predatory lending crisis, the OCC invoked a clause from the 1863 National Bank Act to issue formal opinions preempting all state predatory lending laws, thereby rendering them inoperative. The OCC also promulgated new rules that prevented states from enforcing any of their own consumer protection laws against national banks. The federal government's actions were so egregious and so unprecedented that all 50 state attorneys general, and all 50 state banking superintendents, actively fought the new rules. But the unanimous opposition of the 50 states did not deter, or even slow,... Reply
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Reader68025898
Apr 20, 09 4:28 PM CDT
Scott's quote was cut off. Here's the rest of it: (GaryA): In 2003, during thee height of the predatory lending crisis, the OCC invoked a clause from the 1863 National Bank Act to issue formal opinions preempting all state predatory lending laws, thereby rendering them inoperative. The OCC also promulgated new rules that prevented states from enforcing any of their own consumer protection laws against national banks. The federal government's actions were so egregious and so unprecedented that all 50 state attorneys general, and all 50 state banking superintendents, actively fought the new rules. But the unanimous opposition of the 50 states did not deter, or even slow, the Bush administration in its goal of protecting the banks. In fact, when my office opened an investigation of possible discrimination in mortgage lending by a number of banks, the OCC filed a federal lawsuit to stop the investigation.21 Eliot Spitzer submitted his Op Ed to the Washington Post on February 13. If it had an impact, it was not the one Spitzer had hoped for. On March 10 the New York Times broke the story of Spitzer’s encounter with a prostitute. According to a later Times story, “on Feb. 13 [the day Spitzer’s Op Ed went up on the Washington Post website] federal agents staked out his hotel in Washington.”22 It is remarkable that the Mainstream Media found Spitzer’s private life to be big news, but not his charges that Paulson’s Treasury was prolonging the financial crisis, or the relation of these charges to Spitzer’s exposure. As a weblog commented, The US news media failed to draw the obvious connection between the bizarre federal law enforcement investigation and leak campaign about the private life of New York Governor Spitzer and Spitzer's all out attack on the Bush administration for its collusion with predatory lenders. While the international credit system grinds to a halt because of a superabundance of bad mortgage loans made in the US, the news media failed to cover the details of Spitzer's public charges against the White House. Yet when salacious details were leaked about alleged details of Spitzer's private life, they took that information and made it the front page news for days.23 After Spitzer’s Op Ed was published, according to Greg Palast, the Federal Reserve, “for the first time in its history, loaned a selected coterie of banks one-fifth of a trillion dollars to guarantee these banks’ mortgage-backed junk bonds. The deluge of public loot was an eye-popping windfall to the very banking predators who have brought two million families to the brink of foreclosure.”24 Reply
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HallieOttVulmar
Apr 20, 09 4:33 PM CDT
BWaaaaaaaa. I was laughing at this article before I even comprehended it. "with various entities......." "one of the differentiators....." "as well as analyzing........" Its a dirty job to bust a family-values organization like the mafia. Obviously, somebody has to do it at some point. A good 'reading' of Spitzer, speculatively, I would say.......a governor......a potentate.......hubris upon prosecutorial success.........imbued with a prodigious 'spiritual' accretion, swarming back after victory......an accretion both imperial and italianate in nature........a burgeoning thirst to process the accretion.......a consequent 'enhanced' sexual appetite, insatiable according to the standard American Zionist 1-woman-to-1-man marriage system..........bursting forth at "The Emperor's Club". Elliot has a good, deep voice; he'd be good on a radio show. Reply
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OFF THE GRID is about why the news is the news. Here are the real motivations of both media and newsmakers. Here's the backstory. This is a look at the inner workings of desperate media, the inner life of the publicity crazed, and the true meaning of the news of the day.

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