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By NB Staff | July 14, 2011 | 10:20 AM EDT

Two days after Anderson Cooper described President Barack Obama as the "adult" in a room of unruly Republicans, Obama reportedly stormed out of a heated discussion on debt negotiations yesterday due to his frustration with House Majority Leader Eric Cantor.

Also yesterday came a stern reminder from House Minority Leader Nancy Pelosi that the president has repeatedly listened to the concerns of Congress but that "nobody can out debate him." Check out a video of Pelosi's remarks after the break, and let us know what you think of Obama's actions in the comments.

By Brad Wilmouth | July 14, 2011 | 6:48 AM EDT

 On Wednesday’s The Ed Show, MSNBC analyst and Bloomberg View columnist Jonathan Alter claimed that the "massive tax cuts" of the Bush administration did not create jobs, and went on to credit former President Clinton for the low unemployment rate that existed during the Bush years. He ended up lecturing fellow panel member Judson Phillips of Tea Party Nation that Tea Party activists would support President Obama’s budget plan if polled and that they are "not as obsessed with tax cuts as you are."

By Brad Wilmouth | July 14, 2011 | 4:27 AM EDT

 Wednesday’s NBC Nightly News highlighted a movement by those who object to federal regulations blocking Americans from buying the traditional incandescent light bulb. Although he plugged the report by calling one of the legal but unpopular bulbs a "rallying point against government interference in people’s lives," anchor Brian Williams neglected to note that Democrats controlled Congress in 2007 as he introduced the report by informing viewers that President Bush signed the bill into law that year:

By Noel Sheppard | July 14, 2011 | 12:03 AM EDT

America's only admittedly socialist member of Congress said Wednesday that he disagreed with President Obama's comments concerning Social Security checks possibly not going out on August 3rd if the debt ceiling isn't raised.

When Sen. Bernie Sanders (I-Vt.) said he felt checks to seniors and disabled vets would be issued no matter what, the host of MSNBC's "The Ed Show" responded, "So you would take issue with the President on that statement, that he may have been fear-mongering in essence?" (video follows with transcript and commentary):

By Tom Blumer | July 13, 2011 | 11:51 PM EDT

At the Associated Press, the task of reporting on the official results of Uncle Sam's June Monthly Treasury Statement fell to Christopher Rugaber instead Marty Crutsinger.

Next time, Chris, tell us what happened in the month you're covering instead of going almost exclusively with the federal government's year-to-date results.

If Rugaber had looked more closely at June, he would have had to relay not particularly pleasant news -- or maybe he did look at June, and decided that we didn't need to know anything more than what the deficit was (possible motivation will be identified later). Although the deficit came in lower ($43 billion vs. $68 billion), the AP reporter "somehow" forgot to tell readers that receipts trailed June of 2010, indicating that whatever economic recovery has occurred is well on its way towards fizzling.

By Tom Blumer | July 13, 2011 | 9:48 PM EDT

Well, I guess it's getting serious now in the melodrama known as the Minnesota state government shutdown.

If the Gopher State shutdown goes on much longer, hundreds of bars and restaurants will lose their ability to serve alcohol because they can't renew their liquor licenses. Worse, as reported by Eric Roper at the Minneapolis Star Tribune, MillerCoors, whose "brand license" somehow expired, will, be forced to "pull its beer from Minnesota liquor stores, bars and restaurants." The economic ripple effect will have a lot of Minnesotans crying in their beer, if they can find any.

If there's a less curious reporter than Eric Roper, I don't want to meet him. I've seen pet rocks with more curiosity than the Strib reporter demonstrated in the linked report. Consider the following paragraphs which Roper relayed without any hint of an attempt at follow-up:

By Matthew Balan | July 13, 2011 | 7:41 PM EDT

NPR's Sam Sanders gave some free publicity on Wednesday to a boycott organized online targeting Rupert Murdoch and his News Corp. Sanders spotlighted the efforts of self-described "geek socialist" Chris Coltrane, who "wants people to vote against Murdoch" due to his supposed "unaccountable power." The writer also failed to include any quotes from supporters of the media tycoon.

The radio producer, who also recently worked for The Washington Post, began his article, "Boycotting Murdoch Could Be Harder Than You Think," by briefly touching on the current News of the World scandal. He then noted that "Facebook users organized a handful of groups aimed at exacting revenge by boycotting Murdoch and his British newspaper publishing company, News International, a subsidiary of Murdoch's behemoth News Corp."

By Noel Sheppard | July 13, 2011 | 7:40 PM EDT

Chris Matthews on Wednesday gave a lesson on utterly shameless fear-mongering.

In the final segment of MSNBC's "Hardball," the host said, "Failure to act on the debt ceiling will create a horror for our country, a horror we’ve never seen before" (video follows with transcript and commentary):

By Noel Sheppard | July 13, 2011 | 6:53 PM EDT

James Pethokoukis of Reuters published a chart Tuesday demonstrating exactly why all the hysteria about a debt default or missing Social Security check payments is a bunch of nonsense.

If America's news outlets were actually interested in disseminating the truth rather than fear-mongering, this chart or something like it would be part of every report involving the debt ceiling:

By Scott Whitlock | July 13, 2011 | 6:20 PM EDT

MSNBC's Chris Matthews on Wednesday questioned the patriotism of Rupert Murdoch, wondering of the media mogul is a "true American."

Talking to Judd Legum of the liberal Center for American Progress, the Hardball anchor, derided, "Did [Murdoch] become a citizen just like somebody marries somebody to get into the country because they want a job or because he discovered some love of America? Is he a true American or is he an Australian?"

Viewers will remember a furious Matthews denouncing Michele Bachmann in 2008 for her questions about people who have "pro" or "anti-American views."

[See video below. MP3 audio here.]

By Kyle Drennen | July 13, 2011 | 6:13 PM EDT

On Wednesday's NBC Today, correspondent Stephanie Gosk reported the latest details on the phone hacking scandal in Britain involving a Rupert Murdoch owned tabloid and declared: "Damage to the company [News Corporation] may have already been done. And some say it is about time."

Gosk noted that included, "actor Hugh Grant, who in recent months has led his own campaign against the tabloids." A sound bite was played of Grant: "we're talking about pretty nasty people." Gosk went on to speculate that the scandal may spread and put "pressure on Rupert Murdoch's worldwide media empire," which of course includes Fox News. She also argued that in Britain, Murdoch's "political support...has all but disappeared."

By Tom Blumer | July 13, 2011 | 5:54 PM EDT

He said it, he meant it, and there's no denying it.

On Monday, in a statement carried at the Washington Post, the Associated Press, the New York Times (Page A8 of Tuesday's print edition), and elsewhere, Defense Secretary Leon Panetta told U.S. troops at Camp Victory in Baghdad: "The reason you guys are here is because on 9/11 the United States got attacked. And 3,000 Americans — 3,000 not just Americans, 3,000 human beings, innocent human beings — got killed because of al-Qaeda. And we’ve been fighting as a result of that."

That sound you hear is a Democratic Party meme shattering into teeny tiny pieces. The attempts to put Humpty Dumpty together again, both by Panetta himself and the establishment press contingent following him, have been pathetic and ineffectual, which is what happens when one is up against succinctly stated truths.

By Tim Graham | July 13, 2011 | 5:20 PM EDT

ABC's George Stephanopoulos appeared on Tuesday night's Charlie Rose show to discuss what Rose described as "the political implications of the debt-limitation talks." Rose tried to compare Obama to Clinton. Stephanopoulos resisted the idea that Obama was more "cautious."

In fact, when asked how Obama is doing overall, Stephanopoulos pulled out the old line about how nobody "in our lifetime" has been dealt a tougher hand coming into the White House, as if Ronald Reagan had it easy faced with Carter-era inflation and unemployment. Grading on a recession curve, he's "done remarkably well," said George:

By Clay Waters | July 13, 2011 | 5:20 PM EDT

The New York Times's chief economics writer David Leonhardt proposed his usual solution – tax hikes – to the ongoing budget and debt-ceiling battles between congressional Republicans and President Obama in his confidently titled Wednesday column “Why Taxes Will Rise In the End.” Leonhardt struggled to ponder why his fellow citizens stubbornly refuse to raise the debt ceiling.

Polls show that most Americans are opposed to raising the federal debt ceiling. Even when the Pew Research Center included the consequences in its question -- a national default that would damage the economy -- slightly more people were against raising the ceiling than were for it.

How could this be? Above all, I think it reflects a desire to return to the good old days. Not so long ago, nobody was talking about tax increases or Medicare cuts, and the federal budget seemed to be in fine shape. If only we could get back to the past -- get spending under control, as the cliché goes -- we’d be O.K. The debt ceiling, with its harsh finality, offers the chance.

Unfortunately, this nostalgic view depends on a misunderstanding of the budget. It imagines a budget in which the United States indefinitely has the world’s highest medical costs, its largest military, an aging population and, nonetheless, taxes that are among the world’s lowest. Economists have a name for that combination: a free lunch.

By Aubrey Vaughan | July 13, 2011 | 4:30 PM EDT

Despite the fact that the White House press corps is comprised mostly of members who are ardent liberal Democrats who want to see President Obama triumph over Republicans, it has grown increasingly clear that the feeling of respect is not mutual.

The White House made that apparent today by laying down a new rule for reporters covering Obama's news conferences there: No more shouting questions at the president.