Unfortunately This is True: The Commie Theme in 'The Big Short'

Adam McKay: Big time Sanders supporter and writer/director of 'The Big Short'

Hoover Institute Visting Fellow Paul Sperry writes at NyPo:

‘The Big Short’ is a $28 million campaign ad for Bernie Sanders

Asked by the Hollywood Reporter why he wanted to make the Wall Street-bashing flick, “The Big Short,” writer-director Adam McKay said he had no political agenda. “As far as having a political or policy position to it,” he claimed, “I never really looked at it that way.”

Give me a break.

McKay is actively backing socialist Bernie Sanders’ bid for president, a campaign whose success rides on convincing voters big Wall Street bankers caused the financial crisis — and practically every other societal woe — and that Democratic front-runner Hillary Clinton is in their back pocket.

“The Big Short” is a two-hour political campaign ad for Sanders, repeatedly echoing his mantra that “the business model of Wall Street is fraud.” It should be disclosed to election authorities as a $28 million gift-in-kind to Sanders, along with McKay’s thousands of dollars in personal donations.

In my review of 'The Big Short', The Big Short: An Almost Great Movie, while there were parts of the movie I liked, I did note:

[T]here are problems with the movie. It tends to look at the mortgage securitization (and CDOs) isolated from the Federal Reserve money pumping that provided the money for the securitization madness. By keeping the focus away from the Fed, a picture is painted of Wall Street and banking as evil, without separating banksters and central banking from the important role finance plays in an economy.

It will not be hard to understand how many walking out of this movie will form the opinion that Wall Street is a flaw of capitalism. Indeed, the film closes with clips enhancing that impression.

Here's Sperry with more on the connection between Sanders and the movie's director:

 According to federal records, McKay was an early supporter of Sanders’ White House run, contributing the maximum individual donation of $2,700 to his primary campaign. His director wife, Shira Piven, kicked in another $2,700...

What’s more, Sanders has listed the couple among Hollywood elite who signed a letter officially endorsing the Marxist curmudgeon for president....

Last month, his wife retweeted a Sanders harangue against “Big Banks,” which McKay hopes Sanders will break up and punish with a massive Wall Street “transaction tax.”

Despite its profanity laced one-liners, his movie is leftist political propaganda posing as entertainment. McKay’s goal is to convince the public, through Hollywood wizardry, that the entire American financial system is irredeemably venal, and must be taken over by government, which McKay trusts unblinkingly as a “positive force.”

But what he can’t see, or rather refuses to see, is government’s own role in the mortgage crisis and misery of millions...

[D]irector McKay, who also helped write the screenplay, found no room anywhere in his 130-minute film to mention Fannie or Freddie. It’s as if these 800-pound gorillas never existed....Why the whitewash? Because Fannie and Freddie are the sacred cows of the left. Through their government-mandated “affordable housing mission,” they provide the easy home loans for minorities and poor people. Only it wasn’t the banks who cost them their homes. It was liberal government housing policy....

Adam McKay knows one film is worth 1 million campaign ads for Bernie Sanders, without violating one election law. And if it helps cement a lie in the minds of America, so much the better.

In my review, I also made this point:

  It tends to look at the mortgage securitization (and CDOs) isolated from the Federal Reserve money pumping that provided the money for the securitization madness. By keeping the focus away from the Fed, a picture is painted of Wall Street and banking as evil, without separating banksters and central banking from the important role finance plays in an economy.

  -RW