National Debt

On Tuesday's CBS This Morning, Charlie Rose and Norah O'Donnell stayed true to form in conducting a tag team-style, confrontational interview of a conservative/Republican, this time House Republican Conference Chair Cathy McMorris Rodgers. The anchors pressed Rep. Rodgers about a recent Pew Research/Washington Post poll that, in their words, indicates "the public is going to blame Republicans" for the sequester.

At one point in the segment, Rose wouldn't let the Washington representative complete an answer, interrupting her twice in the course of just 20 seconds. On the second occasion, he raised the poll, which found that 45 percent point the finger at congressional Republicans for the impending across-the-board spending cuts:

Normally, NewsBusters does not criticize editorials. However, on ocassion, one comes across one that is simply too full of myths and false statements that an exception has to be made to the rule.

On Friday, The New York Times published an editorial examining sequestration and taxes. The editorial was loaded with inaccuracies, misleading statements, and significant lacks of clarification. Below are nine corrections the editorial staff should make:

Charlie Rose led Monday's CBS This Morning by hyping the allegedly catastrophic effect of the sequester during a promo for a report from correspondent Major Garrett: "Kids without vaccines; schools without teachers; and massive airport delays – we'll show you the worst-case scenario for government spending cuts."

Garrett himself could have been mistaken for an Obama administration flack as he devoted much of the segment to publicizing the White House's bombast about the impending $85 billion in spending cuts. He uncritically forwarded the administration's hype about the general and local effect of the cuts, which are set to take effect on March 1:

CNBC's Maria Bartiromo made a statement Sunday about all of the fearmongering concerning the looming budget sequester that people on both sides of the aisle should pay attention to.

Appearing on NBC's Meet the Press, Bartiromo said, "I think Wall Street is seeing this as scare tactics because if the market really believed that the economy was going to be paralyzed on March 1 we would not be trading near record highs" (video follows with transcript and commentary):

When the Washington Post's Bob Woodward broke ranks with the Obama-loving media to correctly point out Friday that it was indeed the White House that originally proposed sequestration back in 2011, it was going to be interesting to see how many of his colleagues would follow suit.

On Sunday, CNN's Candy Crowley appeared to do so as she pressured Transportation Secretary Ray LaHood about whether or not the administration has "ginned up" the impact of the sequester in order to pressure Congress telling him at one point, "Your post-sequester total at FAA ops and facilities and equipment is going to be about $500 million more than 2008 and the planes were running just fine" (video follows with transcript and commentary):

Another liberal media member has broken ranks and pointed the finger of blame for the looming budget sequester on Barack Obama.

After the Washington Post's Bob Woodward correctly wrote Friday that sequestration was indeed the Obama administration's idea in 2011, former Newsweek editor Evan Thomas hours later said on PBS's Inside Washington this whole standoff is "a failure of leadership by the White House...[Obama's] just playing politics" (video follows with transcript and commentary):

Senator Rand Paul (R-Ky.) had some harsh words Friday for all the fearmongering going on around the country concerning the looming sequester next week.

Appearing on Fox News's Happening Now, Paul said, "Balderdash. It’s untrue, unfair, dishonest, disingenuous. The president is making stuff up" (video follows with transcript and commentary):

The media don't care about the fact the the sequester was President Obama's idea in the first place, NewsBusters publisher Brent Bozell noted on the February 20 edition of CNBC's Kudlow Report. What's more, the media certainly don't care that the sequester will impose a mere two percent reduction in federal spending, hardly a "meat cleaver" approach to reducing spending.

The media are "beyond redemption" on the issue, so it's up to the Republican Party to directly make their case to the American people, the Media Research Center founder insisted during a panel segment with liberal economist Jared Bernstein and conservative former New York congresswoman Nan Hayworth (R). "What the Republican Party should be saying to Mr. and Mrs. America is this is an out-of-control government and they can't even cut two percent without claiming that the world is going to come to an end.... This should be a no-brainer." [To watch the full segment, click play on the video embedded below the page break]

While the President and his media minions are trying to scare everyone into thinking that if the sequestration on federal spending goes through on March 1 it will be the end of the world, conservative columnist Charles Krauthammer had a different view Wednesday.

Appearing on Fox News's Special Report, Krauthammer said, "This is the most ridiculously hyped Armageddon since the Mayan calendar" (video follows with transcript and commentary):

It appears not everyone in America is as enthralled with Barack Obama's economic policies as his fans in the media.

When NBC Tonight Show host Jay Leno made a joke about the president not understanding economics, the studio audience cheered, applauded, and whistled (video follows with transcript and commentary):

MSNBC's Chris Matthews is starting to get completely unhinged.

On Tuesday's Hardball, he accused Republicans of using "Cold War CIA tactics to destabilize our own country" (video follows with transcript and commentary):

NBC continues to lead the way in belittling any and all Republican attempts to stand up to President Obama. On Sunday’s Today, David Gregory rehashed the common left-wing talking point that Republicans are opposing Obama at every turn merely for the sake of being obstructionist. 

Commenting on Republican opposition to the Chuck Hagel nomination, Gregory said, “There’s no question that this looks to be similar to what people are criticizing Republicans for doing on the economy or on spending, on these various battles they’ve had over the debt, which is just trying to jam the president up.” [Video below. MP3 audio here.]

During yesterday’s edition of Fox News Sunday, Washington Post editor Bob Woodward, who wrote the book "The Price of Politics" on how Obama handled the debt-ceiling fiasco in 2011, explained again to his media colleagues that it was a White House initiative to use a hatchet with these budgetary matters in the form of sequestration.

When Fox host Chris Wallace suggested the news media would highlight every spending-cut casualty expected from sequestration, liberal analyst Juan Williams agreed: "I think the news media will play into that at every level." Wallace asked Woodward to repeat his reporting:

Liz Sidoti's offering this morning at the Associated Press, which is clearly a serious competitor for Worst AP Item Ever, carries the "column" label. As such, I suppose we're expected to accept the idea that the "analysis" offered is hers alone.

But you would think that the self-described "essential global news network" would have enough business judgment to review a reporter's work to make sure it doesn't talk down to the general public and indict its own reporting on the economy at the same time. You would be wrong, as will be seen after the jump.

On Wednesday, the New York Times published a News Analysis of the President’s State of the Union address entitled “In Age of Spending Cuts, Making a Case for Government.” While the author, Richard Stevenson, makes a correct argument for how the President is pushing for larger government despite a shrinking federal budget, he ignores how there is no actual reduction in federal spending.

In particular, there are at least seven misleading or inaccurate statements in the analysis:

Kirsten Powers is definitely liberal, but not blind.

Here's her take on President Obama's State of the Union speech last night as expressed in her Wednesday USA Today column, with an added bonus of a delicious potshot at the sycophantic press: "It was so hackish, so devoid of any theme or purpose, that it makes one wonder whether part of Obama just wants to see how bad he can be before his cultists in the news media can see it." Obviously, from reaction seen at various NewsBusters posts today (here, here, here, and here), the cultists are still mesmerized. More from Powers's good by hardly error-free column is after the jump (bolds are mine):

NewsBusters readers know that one of my guilty pleasures is exposing Bill Maher's lack of knowledge on subjects he pompously pounds the table about.

On Tuesday evening, Maher gave me a doozy when he wrote on Facebook, "Wow, what a shameless liar this Marco Rubio guy is - Obama created more debt than Bush? Well, if you don't believe in science, why not math too?"

In all too predictable fashion, the Associated Press's Martin Crutsinger, in his first and perhaps only report (saved here for future reference, fair use and discussion purposes) on January's Monthly Treausry Statment which showed a small surplus, pulled out the old "Bush ran deficits too" bromide to minimize the historically outsized deficits the Obama has overseen.

Crutsinger also erroneously reported that the government turned in its first monthly surplus since April of last year (no, it was really September of last year), told readers that "the government is spending less on some programs" without telling them that total year-to-date spending so far is up by over 3 percent compared the first four months of fiscal 2012, and made it appear as if "higher taxes for some Americans" are narrowing the budget gap a bit, when the fiscal cliff raised taxes for every employed and self-employed person who pays into the Social Security system. Other than that, he did a good job (/sarc). Exceprts follow the jump (bolds and numbered tags are mine):

As the nation moves closer to the sequester, set to take effect on March 1, NBC is digging in its heels in opposition. On Saturday’s Today, the network ran a story that leaned heavily against the looming automatic spending cuts (surprise, surprise). NBC aimed right for the heart strings by featuring a Colorado high school counselor who had the following “message for Congress”: “At the time when we are looking at ways to keep our schools safer, these across-the-board cuts would impact those positions and those people who keep our schools safe.” 

Very clever. It appears NBC is using the gun issue to try and persuade conservatives to give up on the sequester, which would cut spending by $85 billion and greatly help reduce the federal deficit. But NBC, like the president, is uninterested in deficit reduction through spending cuts. [Video after the jump. MP3 audio here.]

Despite his awful track record and penchant for making stuff up when it fits his agenda, New York Times columnist Paul Krugman is one of the liberal media's most beloved economic darlings.

That's why it was quite a shock to see former Newsweek editor Evan Thomas slam him on PBS's Inside Washington Friday (video follows with transcript and commentary):

An emailer who is a retired journalist wrote to me today about a January 27 Associated Press item by Andrew Taylor presented as an objective news report, calling it "Appalling ... the worst ever." If it's not, it's pretty close, though I'm not sure how any report on a single congressional action can top the comprehensive slop seen in the June 2008 classic titled, "Everything Seemingly Is Spinning Out of Control." Readers visit that linked article at their peril.

The AP report concerns the "no budget, no pay" provision added to the bill the House recently passed to increase the government's borrowing cap. Taylor's travesty reeks of contempt and imbalance. Several paragraphs follow the jump (bolds and numbered tags are mine):

NBC Nightly News anchor Brian Williams joined Jimmy Fallon Monday in another "Slow Jam the News" segment on NBC's Late Night.

This time the subject was the fight over the debt ceiling with the target of course being Republicans who were repeatedly hit with sexually-charged attacks (video follows with transcript and commentary):

The front-page title at the Politico for David Nather's lengthy write-up on Democrats' alleged ideas for doing something about runaway entitlement programs is "The quiet liberal plan for entitlements; There are some ideas for reining in spending that have been blessed by the left." That gives readers the impression that the left might actually have something specific and potentially palatable in mind.

No such luck. The actual title at Nather's write-up, however, pluralizes "plan" -- "The quiet liberal plans for entitlements." Its itemization of the supposedly brilliant ideas for reform liberals have in mind are dominated by tax increases and income redistribution measures which fail to structurally reform anything.

ABC and CNN contributor Donna Brazile - posing as one of Barack Obama's trusted defenders in the media like she always does! - got a much-needed education Sunday about the President's profligate spending.

Countering Brazile's propaganda on ABC's This Week, George Will said, "A dollar spent on A cannot be spent on B...This is our future. We're going to be an assisted living home with an Army. That's going to be the American government" (video follows with transcript and commentary):