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LAT on "Beck's flawed gold standard": Beck would be "lucky if" he's not judged as he does "his own adversaries"

December 09, 2009 5:48 am ET by Media Matters staff

From the December 9 Los Angeles Times article, titled, "Glenn Beck's flawed gold standard":

Radio and TV host Glenn Beck likes to talk about the potential collapse of the American economy. He also likes to talk about buying gold as a hedge against the unknown.

The proximity of those ideas, the plethora of gold ads around his Fox program and Beck's work as a paid pitchman for one gold firm have some in the media wondering whether the conservative commentator has a conflict of interest.

Since conflicts are in the eye of the beholder, Beck should consider himself lucky if the public doesn't judge him by the where-there's-smoke-there's-fire standard he uses to condemn his own adversaries.

Previously:

Glenn Beck promotes gold to audience while profiting from gold investment firms

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    • Author by IRONY 101 (December 09, 2009 6:53 am ET)
      5  
      Glenn Beck responds by saying he openly endorses gold because he believes in it and buys it himself.

      Okay...in the interest of full disclosure, why not have Glenn Beck release his financial statements demonstrating how much of his wealth is held in gold?
      Report Abuse
      • Author by wesley (December 09, 2009 7:21 am ET)
          11
        Okay, Irony...in the interest of full disclosure and bi-partisanship...I'll support your motion if you'll support mmfa releasing their financial statements demonstrating who's funding them.
        Report Abuse
        • Author by aBeck in 10-O-C (December 09, 2009 8:03 am ET)
          7  
          Aren't you clever wesley.
          Okay. Glenn Beck discoses how much of his wealth is in gold, and MMfA discloses how much of their funding is in gold. Now that is fair.
          Report Abuse
        • Author by mikelartist (December 09, 2009 8:08 am ET)
          7  
          So I guess MMFA using links to sources and the very words (and many times video) of the Conservative spin machine to point out Conservative MISINFORMATION is suspect to you? It must be some "secret cabal" behind all this truth, a wealthy tycoon or 2 exposing all these actual facts. Right?

          Here is how they are funded.
          Report Abuse
          • Author by MaineiacMan (December 09, 2009 8:21 am ET)
              9
            MMfA received $6 million from the "Democracy Alliance" between 2004-2006. The "Democracy Alliance" is funded in part by George Soros.
            Report Abuse
            • Author by RKAllen (December 09, 2009 9:27 am ET)
              7  
              Not saying that it is true, but why should we care if an organization supported by George Soros provides money to MMfA? I keep seeing you guys bring this up over and over and I really don't understand why this is suppose to be a bad thing.

              Media Matters has repeatedly defended themselves against this accusation, but I know you all have your panties in a wad over this, so I am just curious.

              Why are we suppose to care?
              Report Abuse
              • Author by rtejon (December 09, 2009 9:48 am ET)
                6  
                True or not, I would not hesitate to take Soros money and I wouldn't respect anyone who refused it. Besides, many of the people throwing this around, like it's some kind of valid accusation, apparently don't have any problem with the various "astroturfing" operations that are perfectly traceable.
                Report Abuse
          • Author by epkklk851 (December 09, 2009 8:22 am ET)
            8  
            Didn't John Adams, one of those Founding Fathers say that "Facts are stubborn things." The Neo-Cons and the Theo-Cons like the Founding Fathers sometimes, but not when they disagree. MMFA functions as a watchdog, it posts clips and lets people comment on them. How that is wrong, I don't know.
            Report Abuse
            • Author by RKAllen (December 09, 2009 9:35 am ET)
              6  
              It's wrong, just like it is wrong to have an organization that helps the poor and minorities register to vote and obtain assistance in housing loans and protection from predatory lending.

              It is wrong, just like it is wrong to provide reproductive choices and care to women.

              It is wrong, just like it is wrong to ask for equality regardless of sexual orientation.

              We are all just a bunch of devilish miscreants.
              Report Abuse
        • Author by overmars jr. (December 09, 2009 10:54 am ET)
          2  
          You really have no skill at all for equivalencies, do you? Just hopeless. Maybe stop trying and find a new hobby to be total crap at.
          Report Abuse
        • Author by Midnight Kevin (December 09, 2009 11:21 am ET)
          2  
          I've seen numerous reports from conservative websites that George Soros funds Media Matters, if that is where you are going... here is a statement from Media Matters back in 2007:

          "Media Matters has never received funding from progressive philanthropist George Soros."

          What difference does it make where Media Matters gets it's funding from? Their function is to point out the misinformation, and from what I have read, they have done a thorough job at refuting claims from the right.

          I don't care who funds these organizations. I care about the message. Glenn Beck is a gold pitchman who uses his program to pitch gold. That's what commercials are for, not his show, so there is a blurring of lines. That would be like Sam Waterson pitching Old Glory Insurance on Law & Order...
          ------------------------------------------------
          The Midnight Review
          Report Abuse
        • Author by DellDolly (December 09, 2009 12:34 pm ET)
          2  
          Irony went off topic by introducing his suggestion that we find out how much of Glenn Beck's wealth is in gold, so as to enable us to better see what kind of a conflict of interest Beck might have when he hawks gold sellers and has them as his sponsors.

          So, what conflict of interest would it uncover if we were to see the funding for MMFA. Weaselly?

          How would it uncover a conflict of interest for a group that doesn't advocate for any political party or candidate (or any person at all!), unlike Beck, who clearly DOES advocate for one of his advertisers? How is it relevant that George Soros gave money to one group that later funded MMFA with other monies? What conflict of interest could that possibly expose?

          See, that's the problem with your analogy, Weaselly. It doesn't work because we're looking at apples and oranges. And it doesn't work except as a troll post to derail the thread away from talking about how Beck would be lucky if he's not judged by the same standards he uses to judge others.

          You didn't want us to talk about how Beck is a hypocrite. I'm just sorry that so many people let you drag them down the rabbit hole with you.
          Report Abuse
    • Author by wesley (December 09, 2009 8:22 am ET)
        8
      mmfa spends countless hours publishing articles that argue for full disclosure of connections and funding by conservative groups and individuals.

      That being a principle that they apparently hold dear...here's the fundamental question:

      Why doesn't mmfa disclose their own funding sources?
      Report Abuse
      • Author by rwmacdonald2091 (December 09, 2009 8:35 am ET)
        8  
        Wesley

        Just come out and say that Soros funds some of mmfa. It will make you feel better as I am sure you drank the kool aid that anything Soros has his hand in, is a socialist, commie, fascist enterprise. Feel free to add any more descriptive word that your little right wing crackpot heart desires.
        Report Abuse
        • Author by wesley (December 09, 2009 9:09 am ET)
            8
          Sorry mac...but you missed the premise and like the others have failed to see the connection between mmfa advocating one thing and doing another.

          Let me add to the question...why won't they disclose their funding sources...what have they got to hide?
          Report Abuse
          • Author by Max Credits (December 09, 2009 9:23 am ET)
            6  
            Beck's conflict of interest is very clear here. What specific conflict of interest are you claiming on the part of Media Matters?
            Report Abuse
            • Author by wesley (December 09, 2009 9:37 am ET)
                5
              I'm not...just wondering why mmfa doesn't operate with the same principles that they demand of others.

              Why is everyone ducking the question...it's pretty simple...why won't mmfa disclose their funding?
              Report Abuse
              • Author by Max Credits (December 09, 2009 9:41 am ET)
                3  
                Why do you refuse to state who you voted for in the 2004, 2004 and 2008 presidential elections?

                Honestly, I haven't a clue what you're on about.
                Report Abuse
              • Author by rtejon (December 09, 2009 9:50 am ET)
                6  
                MMfA isn't spreading misinformation to scare your parents and grandparents into buying overpriced gold.
                Report Abuse
              • Author by miles2go (December 09, 2009 9:53 am ET)
                   
                Does the source of their funding put the miscreant trog-speak into the mouths of these conserva-dorks that step all over logic? Perhaps if MMFA was funded by something you dislike then you could feel better about your willful ignorance to the misinformation being disseminated?
                Report Abuse
              • Author by DellDolly (December 09, 2009 12:37 pm ET)
                2  
                Because there's no evidence of a conflict of interest, that's why, and besides, MMFA wasn't the one calling for Beck to tell us how much he makes off gold, dunce! MMFA isn't "demanding" anything of the sort. That's your false premise that you're using to try to derail the thread away from talking about how Beck is a hypocrite!
                Report Abuse
              • Author by aBeck in 10-O-C (December 09, 2009 12:42 pm ET)
                3  

                I'm not...just wondering why mmfa doesn't operate with the same principles that they demand of others.
                Why is everyone ducking the question...it's pretty simple...why won't mmfa disclose their funding?


                Let me spell it out for you wesley, as others have tried to do.

                MMfA is a media watchdog. They criticise all sources of misinformation, be it from Fox, or from MSNBC. They do not editorially advocate, insight, or organize for any political agenda. They do not create lies and dispense them like candy. As such, there can be no conflict of interest if they accept funds from Greenpeace, or Soros, or from the Democratic Party.

                If you do some checking around you will find that when MMfA asks for disclosure of funding they are refering to organizations or websites that present themselves as being "grassroots" or non-partisan in origin. However if those entities propagate lies and misinformation, insight, or organize for a particular political agenda, then financial disclosure could reveal that the funding comes directly from an industry that benefits from their advocacy.

                For example,an organization claiming to be non-partisan or grassroots that advocates against climate change legislation using misinformation or distorted "facts" might be funded by the oil, gas, and coal industry. That would constitute a conflict of interest that contradicts claims of grassroots support or non-partisanship.

                Now you know all of that already, wesley. What you are trying to do is cast MMfA as a corrupt, partisan, activist organization that is directly involved in anti-American advocacy and that it is funded by communists, Marxists, fascists, socialists, athiests, homosexuals, and organized crime syndicates: all of whom directly benefit from MMfA's political agenda.

                Report Abuse
          • Author by rwmacdonald2091 (December 09, 2009 10:33 am ET)
            5  
            I just told you who has funded quite a bit of mmfa. Nobody is making a secret of it. Are you just stupid, or playing stupid?
            Report Abuse
          • Author by thaneb (December 09, 2009 11:01 am ET)
               
            MM advocates "comprehensively monitoring, analyzing, and correcting conservative misinformation in the U.S. media". They are up front about this and are a 501(c)(3) not-for-profit. You allege no conflict of interest so you request on funding sources is irrelevant to that. What is it relevant to? That they may have progressive donors? In support of their overt progressive agenda? Your call is clear for what it is: mere harassment.
            Contrast Beck, a for-profit commentator whose comments, without disclaimer, logically impact positively his for-profit sponsor.
            Apples and oranges.
            Report Abuse
    • Author by wesley (December 09, 2009 10:04 am ET)
        6
      -- an organization supported by George Soros...I really don't understand why this is suppose to be a bad thing. -- RKAllen

      Then you should have no problem supporting mmfa to disclose their funding...in following the same standards that they require of others.
      Report Abuse
      • Author by Max Credits (December 09, 2009 10:09 am ET)
        4  
        Again, why are you refusing to disclosure your voting record in past presidential elections? What are you hiding? Did you or did you not vote Dole in '96, W in '00, W in '04, and McCain '08? What gives?
        Report Abuse
        • Author by MaineiacMan (December 09, 2009 10:44 am ET)
            1
          I dont have wealth envy. I dont care if MM is funded by Soro's, good for him. I dont care if Glenn Beck buys gold, good for him. I dont care if he advertises a product he buys. He explains quite clearly why he does it. He has disclosed many times that Goldline advertises with him. We all have our own brains and can make our own minds up as to whether we decide to buy gold, stocks, spend, save, shop, rack up debt or get out of debt, live within our means or live beyond our means. It is called personal responsibility.
          Report Abuse
          • Author by Max Credits (December 09, 2009 11:02 am ET)
            1  
            I agree to a certain extant. We're talking about Glenn Beck after all, a guy who literally profited off of the backs of Americans who perished on 9/11. If there's a hell, he'll eventually burn there. No much point in slapping him around for being a gold shill.
            Report Abuse
      • Author by rwmacdonald2091 (December 09, 2009 10:40 am ET)
        3  
        -- an organization supported by George Soros...I really don't understand why this is suppose to be a bad thing. -- RKAllen

        Oh for crying out loud, don't you know that Soros is the devil incarnate? He's one of those commie, fascist, pinko, socialist guys.

        Geesh
        Report Abuse
    • Author by Don Quixote (December 09, 2009 12:21 pm ET)
      2  
      In the same way analysts and commentators that appear on financial programs are required to reveal their interests in what they're commenting on, Beck, et.al., should be required to reveal theirs.

      They're nearly all like this now. Just listen to AM hate radio and you'll see what I mean. This is a major scam and the more fear and loathing they promote on the air, in their books, movies, etc., the richer they get. These guys are cleaning up in the fear and loathing industry.

      It's intriguing that it's gold itself that's making them rich. They're something symbolic, kind of biblical, about that. It's also a bit unpatriotic since it's a direct attack on the U.S. dollar.
      Report Abuse
      • Author by DellDolly (December 09, 2009 12:41 pm ET)
        2  
        Disclosure by journalists is incredibly important.

        And Beck is a hypocrite for holding others to standards that he himself can't live up to.

        And MMFA isn't a news organization, Weaselly - they're a progressive organization that supports the debunking of conservative misinformation. When you can explain how their behavior exhibits any conflict of interest and any hypocrisy (as Beck surely does here), then get back to us.

        Until that time, all you're trying to do is derail a thread that should be talking about how hypocritical Beck is.
        Report Abuse
        • Author by MaineiacMan (December 10, 2009 9:20 am ET)
             
          Bull - He discloses it over and over again. MMfA finds one example of it not happening and they try to turn it into 'BeckGate'.
          Report Abuse
    • Author by jcalton (December 09, 2009 2:02 pm ET)
      1  
      *sigh*
      Yes, of course Beck is a hypocrite, that is not news to anyone. Almost all the pundits are.

      The issue here is that Beck advocates buying gold on his show (directly and indirectly), he is a paid spokesperson of a gold association, and he owns gold. But he doesn't tell you that.

      The value of gold is directly tied to demand for gold. If Beck buys gold by the truckload, then convinces a million people to buy gold, the value of his gold might double. If he can instill fear in a government collapse, etc, he might even be able to create a run on gold.

      No matter where MMFA gets its money from, it doesn't directly increase its own wealth (or the wealth of those sources) in the course of its day-to-day business, by taking advantage of its audience.

      IT'S NOT THE SAME THING.
      Report Abuse
      • Author by DellDolly (December 09, 2009 5:36 pm ET)
        1  
        But see, Weaselly wasn't really trying to argue that MMFA and Beck could be reasonably compared.

        He was trying to derail a thread away from us talking about the hypocrisy of Beck and his conflict of interest.

        Once that behavior was exposed, suddenly he stopped posting.

        I swear, many posters here need to have better troll post radar - not you.
        Report Abuse

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