Finally, it all makes sense. Mostly.
Listening to the media echo chamber discuss President Obama's tax deal this week, I realized that it's been more than two months since I saw Charles Ferguson's illuminating Inside Job, and, shockingly, I think I still understand his deft explanation of the reasons behind the financial meltdown and, consequently, our current panic about tax rates and unemployment benefits. After numerous films - including but not limited to Capitalism: A Love Story (0/2 for Michael Moore after he dropped the health care ball with the forgettable Sicko), American Casino, Wall Street: Money Never Sleeps, and even The Other Guys - tried and failed to explain what led to The Great Recession, Ferguson's film was like a breath of fresh air, illustrating the financial foolishness in terms that anyone can understand. Good thing, too, because as I said in my pan of the meaningless Wall Street, this was probably the last chance The Recession Movie had to establish itself as a viable genre.
Why was it so hard to present this financial information in a clear way prior to this film? To be fair it does require a lot of detailed explanation, and when filmmakers have other things on their minds (melodrama and an Oscar in the case of Stone's Wall Street; comedy and I-don't-know-what in the case of Moore's Capitalism), the meat of the subject at hand is guaranteed to be lost. Inside Job, in contrast, has little else on it's mind other than telling us what happened and, not accidentally, making us feel really angry about it. This isn't necessarily a fair and balanced documentary (and maybe not a documentary at all?), but it nonetheless presents the facts and allows educated people to talk about them, even though in this case the facts really speak for themselves.
Why was it so hard to present this financial information in a clear way prior to this film? To be fair it does require a lot of detailed explanation, and when filmmakers have other things on their minds (melodrama and an Oscar in the case of Stone's Wall Street; comedy and I-don't-know-what in the case of Moore's Capitalism), the meat of the subject at hand is guaranteed to be lost. Inside Job, in contrast, has little else on it's mind other than telling us what happened and, not accidentally, making us feel really angry about it. This isn't necessarily a fair and balanced documentary (and maybe not a documentary at all?), but it nonetheless presents the facts and allows educated people to talk about them, even though in this case the facts really speak for themselves.