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By Noel Sheppard | August 6, 2011 | 12:01 AM EDT

Christina Romer, the former chair of Obama's Council of Economic Advisers on Friday offered a rather strong opinion concerning the announcement by Standard & Poor's that the credit rating agency downgraded America's debt to AA+.

Appearing on HBO's "Real Time," Romer said we're "pretty darn f--ked" (video follows with transcript and commentary):

By Matthew Sheffield | August 5, 2011 | 10:31 PM EDT

As has been expected, despite the recently reached debt deal, America's debt got downgraded tonight by credit ratings agency Standard and Poor's.

In an analysis posted on its website, S&P explicitly stated that it "takes no position on the mix of spending and revenue measures," however that is a fact that will likely be glossed over by the self-described mainstream media.

There is much more in the analysis, but since you won't likely see this info in the big media outlets, I am reproducing portions of the report which repeatedly mention excessive spending as a problem:


By Noel Sheppard | August 5, 2011 | 7:02 PM EDT

Conservative talk radio host Rush Limbaugh on Friday exposed Rachel Maddow for lying about him on her MSNBC program.

On Thursday, during a lengthy segment about Barack Obama's birth certificate, Maddow said (video follows with transcript and commentary):

By Noel Sheppard | August 5, 2011 | 6:01 PM EDT

For the second week in a row, Bloomberg's Margaret Carlson got a much-needed education from Charles Krauthammer on PBS's "Inside Washington."

After Carlson gave the typical Keynesian response to Friday's unemployment report - "We’re cutting spending at a time when we should be adding spending to stimulate the economy and jobs" - Krauthammer without skipping a beat quipped, "The way it worked in ’09 and in ’10" (video follows with transcript and commentary):

By Tom Blumer | August 5, 2011 | 5:16 PM EDT

The past three weeks in the stock market have gone as follows: Week ended July 22 -- Pretty good; week ended July 29 -- Really bad; week just ended -- Absolutely awful.

After I received a remarkably vague e-mail from CNN just after 4 p.m. today, I thought I'd go back and see how it handled its closing-bell emails during the previous two weeks. It was quite revealing.

The three emails follow the jump:

By Ken Shepherd | August 5, 2011 | 5:02 PM EDT

While the liberal media scoffed at George W. Bush's "compassionate conservatism" in 1999 and 2000 as gimmicky and insufficient compared to traditional big government social welfare spending binges, they're starting to miss it now.

Just ask Time's Amy Sullivan:

By Erin R. Brown | August 5, 2011 | 4:17 PM EDT

A girl-on-girl lip lock, a movie in which a bulldog masturbates, and a marijuana-smoking middle school teacher are among the nominees for the 2011 Teen Choice Awards. Yes that’s right, an awards show specifically aimed at 13-19 year olds will be featuring inappropriate content more suited for the panel of adults that chose the nominees.

This year, teens will vote for their favorites, ranging from artists with hits about S&M, to sex and drug-filled R-rated comedies, to favorite “break up” songs – one nominated song features the “f” word 16 times.

By Eric Ames | August 5, 2011 | 3:43 PM EDT

MSNBC anchor Thomas Roberts harangued Brian Brown of the National Organization for Marriage on today's "MSNBC Live". "Why do you feel [gays] are less than you and don't deserve equal rights?" asked Roberts.

By Scott Whitlock | August 5, 2011 | 2:44 PM EDT

The New York Times on Friday downplayed results in its own poll that found 44 percent of respondents think the cuts in the debt deal didn't go far enough, versus only 15 percent who said "too far." In an article starting on the front page, writers Michael Cooper and Megan Thee-Brenan didn't mention this fact until the ninth paragraph of page A-14.

By Eric Ames | August 5, 2011 | 1:56 PM EDT

CNBC's Rick Santelli had to explain the economy to MSNBC contributor Ezra Klein on today's Morning Joe (h/t Hot Air). Klein argued that another recession would "move money around in ways that are unfair."

An exasperated Santelli concisely described what was wrong with Klein's characterization of what recession does to an economy:

By Mark Finkelstein | August 5, 2011 | 1:44 PM EDT

If Barack Obama has lost Andrea Mitchell, has he lost the MSM?

Surveying the economy on her MSNBC show his afternoon, Mitchell gloomily observed: "it just seems as though everyone is feeling a lack of hope."

The White House needn't fear too much.  Mitchell might have wandered somewhat off script. But Andrea has surely not abandoned the ranks of the Obama-loving media.  She fretted that because of Washington gridlock, the super committee might--horrors!--wind up cutting spending.

View video after the jump.

By Matt Hadro | August 5, 2011 | 1:30 PM EDT

While CBS's Early Show and the New York Times both highlighted their own poll showing support for further spending cuts, the CBS Evening News ignored it. Americans three-to-one believe the spending cuts in the debt ceiling deal were too small rather than too big, according to a CBS News/New York Times poll.

As NewsBusters reported, Thursday's CBS Evening News ignored the support for cuts while reporting increased disapproval of the Tea Party and support for tax increases. "The Tea Party fares poorly in the poll," declared CBS's Chip Reid.

By Kyle Drennen | August 5, 2011 | 12:35 PM EDT

At the end of Thursday's NBC Nightly News, correspondent Harry Smith, formerly of CBS, made his first appearance on the network with a fawning birthday message to President Obama: "Happy birthday, Mr. President. Once upon a time, when you were a young man, all you had to do was show up and teeming throngs of people would gather to cheer you on....They even wrote songs about you." [Audio available here]
Smith then lamented: "As a young person yourself, you were convinced anything was possible. But here you were this week, all by yourself in the Oval Office, signing the debt ceiling bill, looking for all the world like a guy who was chagrined, resigned, fatigued. With all due respect, you look like a guy who is turning 50."

View video after the jump

By Aubrey Vaughan | August 5, 2011 | 12:05 PM EDT

Over the past few days, Republican presidential hopeful Newt Gingrich has been the subject of criticism due to his unusually high number of Twitter followers. Some say a large number of his followers were manufactured by a Twitter account generator to falsely boost his online clout. His campaign contends his follower count came from other means, explaining instead his early adoption of the social network and his personal engagement with his followers, in addition to having been featured as a suggested account for quite some time.

We won't take a position on whether or not Gingrich's followers are legit but it is worth noting that before he began his presidential run, Gingrich was the literally the only right-leaning political pundit to be recommended to Twitter users by the company. That stands in dramatic contrast to the many liberal pundits and media outlets which Twitter recommends to its users via a hand-picked list. Read on for the full details.

By Noel Sheppard | August 5, 2011 | 11:44 AM EDT

Last week, New York Times columnist Paul Krugman said conservative views about the debt ceiling should be censored from news reports.

On Friday's "Morning Joe," Senator John Kerry (D-Mass.) took this a step further calling on media to stop giving "equal time or equal balance" to Tea Party ideas that people like him consider "absurd" and "not factual" (video follows with transcript and commentary):