Pete Peterson is a billionaire, a former commerce secretary, and successful entrepreneur, so one would think an interview with him would be a chance to push for specific observations and prescriptions for the U.S. economy. But if one were watching ABC’s “Good Morning America” on June 9, one would be wrong. Petersen was promoting his new book, “The Education of an American Dreamer,” in an interview with Diane Sawyer. But during the segment, Sawyer tossed him softball questions and allowed him to offer only vague, liberal policy prescriptions.

Sawyer, who raved about Peterson’s “national commitment to the old American values,” asked him, “But everyone keeps saying that we had to plunge all this bailout money into the economy in order to stave out an absolute cataclysm?”