A clearly worried Chris Matthews on Monday fretted that a 'coy' Barack Obama is being "too cute by half" in his handling of the economy. Matthews lamented the fact that in his press conference, the President didn't exclaim, "Tax the freakin' rich!"
Talking to former Pennsylvania Governor Ed Rendell, Matthews proclaimed what Obama should have said. After agreeing to "some" cuts, the Hardball host wished the Commander in Chief had announced to Congress: "Now, I want you to do your part and tax the freakin' rich! Now, are you going to do it or not?' He didn't go that far. I think he was being coy, cute, too clever by half..."
This was going to be a column insisting that Sen. Marco Rubio of Florida run for president of the United States. Now. Even though he has ruled out the possibility; even though he is but a baby senator. (Neither of these considerations has invariably stopped people in the past.)
But no: That's not this column. Not because I don't think it might be an excellent idea, but because I take a man at his word. He has a young family that has already endured a long and brutal campaign. And I'm actually not a fan of leaping from two minutes in the Senate to a potential presidency. As one seasoned political pro puts it: "We don't do ourselves or our future leaders any favors by rushing the wine before its time. Reagan would not have been nearly as good a president had he won in '68 or '76 as he was in '80, having been tempered by failure and steeled by defeat and adversity."
The credit downgrade must be having truly deleterious effects on New York-based reporters. At least one is hyping the merits of "freeganism," which is just a politically correct euphemism for dumpster diving.
"Amid S&P downgrades and widespread panic about financial markets, an anti-consumerism movement quietly marches on: Freeganism," ABCNews.com's Reshma Kirpalani argued in an August 8 article:
On Monday's Early Show, CBS's Norah O'Donnell promoted the left-of-center talking point that Standard & Poor's recent lowering of the U.S.'s credit rating is a "Tea Party downgrade." O'Donnell played three sound bites of notable liberals using this line of attack, versus only one opposing from a center-right politician. She also spun Treasury Geithner's decision to stay as "good news for the President."
The correspondent began her report by trumpeting how apparently, "this was supposed to be a week when President Obama was going to turn his attention toward jobs with a positive message. But instead, he's dealing with this talk of a double-dip recession, that the terrible week in the markets last week, and that credit downgrade."
At the top of Saturday's NBC Today, CNBC's chief Washington correspondent John Harwood told co-host Lester Holt that the downgrade of U.S. debt provided President Obama with "a tangible consequence to point to for Republican brinksmanship on the debt and deficit reduction deal."
Harwood observed: "Mitch McConnell, the Republican leader, always said, 'We don't want co-ownership of the economy,'" and predicted, "You can expect the administration to say, 'You've got it now.'"
John Kerry is on a crusade to destroy the Tea Party. To blame the Tea Party for the S&P downgrade is like blaming the Betty Ford Clinic for alcoholism. The entire existence of the Tea Party movement has been based on an attempt to stop the runaway spending of Washington – by the likes of John Kerry. Any media outlet that features his outrageous blame game remarks without challenging his serial dishonesty is giving aid and comfort to the crusade to vilify and extinguish conservative thought.
If this is the ‘Tea Party downgrade’ then I’m the fairy godmother. No, this is a well-coordinated effort by the left-wing to deflect bad news – very bad news – away from their very left-wing President Obama.
On Sunday's Meet the Press on NBC, host David Gregory allowed Massachusetts Senator John Kerry to blame Standard and Poor's downgrade of U.S. debt on the Tea Party without challenge. However, minutes later, in an interview with Arizona Senator John McCain, Gregory was quick to accuse Republicans of "politicizing" the issue by criticizing Democrats.
After quoting a statement from House Speaker John Boehner on the downgrade – which cited the unwillingness of Democrats to curb massive government spending as a cause – Gregory fretted to McCain: "Do you not see this downgrade as something akin to war that should galvanize political leadership on both sides of the aisle, rather than politicizing it?"
As NewsBusters reported Sunday, Senator John Kerry (D-Mass.) set off a liberal firestorm when he called Standard and Poor's U.S. credit rating change the "Tea Party Downgrade."
On Monday's "Morning Joe," host Joe Scarborough told "terminally stupid ideologues" that "really don't understand" anything because they're "so dogmatic [they] can't think for [themselves]" to "stop using the Tea Party as a piñata" (video follows with transcript and commentary):
MRC has just posted the latest edition of Notable Quotables, our bi-weekly compilation of the latest outrageous, sometimes humorous, quotes in the liberal media. This week, NQ is chock full of quotes from journalists slashing the Tea Party as the Republican Party’s “Hezbollah faction,” who have “strapped explosives to the Capitol” and “waged jihad on the American people.”
Oh, and New York Times columnist Maureen Dowd disparaging the “Tea Party budget slashers” as “cannibals,” “zombies,” and “vampires, draining the country’s reputation, credit rating and compassion.” So much for civility.
The full package is available at www.MRC.org; here are some of the best quotes:
In recent years, America has become increasingly socialized through a welfare state with entitlements seen as rights, mostly paid for by the rich through the redistribution of wealth. Such a state is seemingly the goal of President Obama and fellow liberal Democrats, who relish in the ideas of a more European-style centralized government.
Last week, many labeled the debt negotiations in Congress as a failure of the American political system, laying much of the blame on Tea Party Republicans who were reluctant to compromise on their principles. One of their main convictions was in cutting away unnecessary social programs, which have put an unsustainable burden on the economy. Do you think the US can continue to support socialized programs, or will socialization lead to the economic calamities currently seen across much of Europe? Let us know your thoughts in the comments.
If you've been watching the news media react to the debt ceiling deal you might thing some drastic spending cuts were signed into law. After all, ABC made it sound like Congress took a "machete" to the budget and NBC's "Today" wondered if those spending cuts could harm the economy.
What has been completely missing from much of the network reporting was an admission that the deal "doesn't cut federal spending at all," according to a Cato scholar. The national debt is still projected to go up $12 trillion in 10 years under the plan.
That's right. Not one bit of cuts. Chris Edwards, Cato Institute's director of tax policy studies, explained that despite some media outlets view that the cuts were "sharp" and "severe" (He cited The Washington Post), the cuts aren't what Washington politicians and media made it sound like. They are really cuts to projected growth of spending and debt, something Investor's Business Daily exposed on July 22 in a front-page article.
We've just spent the past month or so having politicians and the press tell us that if there was no debt-ceiling deal by August 2, the government might default on its debts (of course, Tim Geithner and Barack Obama could indeed have strategically defaulted if they had wished, but work with me here).
But Sunday on Meet the Press, in a remark I expect will not be relayed much if at all by the rest of the establishment press, Alan Greenspan said that default is impossible -- which puts him directly at odds with the rest of Washington's elites and Ben Bernanke, his successor as Federal Reserve chairman. On July 14, Bernanke said: "A default on ... (U.S. Treasury) securities would throw the financial system ... potentially into chaos."
Wait until you see the reason why Greenspan says default is impossible, as carried at CNBC's web site in an item by Patrick Allen:
As NewsBusters previously reported, MSNBC's Rachel Maddow was rewarded for lying about Rush Limbaugh on her program Thursday by getting a guest appearance on Sunday's "Meet the Press."
The top brass at NBC should be pleased with their decision for Maddow proceeded to thoroughly misrepresent the reasons Standard and Poor's gave for downgrading America's debt Friday (video follows with transcript and commentary):
ABC's Cokie Roberts said something on national television Sunday that made her colleague George Will shake his head on camera.
During a "This Week" discussion about the recent credit rating downgrade by Standard and Poor's Roberts said, 'The problem that we have here is the Constitution of the United States of America which actually does require people to come together from different perspectives" (video follows with transcript and commentary):
Joining our growing list of media members willing to flat out lie on national television to advance their political agendas is Arianna Huffington who falsely claimed this week that securities firm JPMorgan warned its clients the debt ceiling agreement "is going to reduce our growth by a point-and-a-half."
Such was dishonestly said during a segment of CNN's "Fareed Zakaria GPS" aired Sunday (video follows with transcript and commentary):
The predictable MSM reaction to Standard & Poor's downgrading of the US government's credit rating? Kill the messenger, of course. Yesterday, we noted how Jeff Glor at CBS' Early Show parroted the Obama line about the downgrade being "political."
Today it was ABC's turn. Good Morning America had on Mellody Hobson, a regular ABC "financial contributor" and former host of her own ABC financial-advice show. Hobson hit S&P hard, expressing the view that "everything that they do is suspect."
There's just one little factoid ABC didn't share with viewers. While presented as a presumably objective financial expert, Chicagoan Hobson in fact is an Obama partisan. Hobson served as a big-time fundraiser during Obama's 2008 presidential campaign and is involved with his 2012 campaign.
The solution to our raging unemployment rate is so simple, I'm kicking myself for not thinking of it before. Luckily, Chris Matthews did. The government simply needs to spend more money! Because, as "everyone knows, as we studied in school," government spending creates jobs!
Matthews, just as wacky on the weekend Hardball as he is in his Mon.-Fri. version, went on a two-segment rant this morning, pleading for higher government spending on the theory that government can put people back to work across the country.
First Jim Cramer and then Bob Shrum were only too happy to agree. The supposedly capitalist Cramer went so far as to suggest that government, and not small business, is the engine that drives the economy.
Matthews closed by claiming that the private sector isn't working to create jobs, and thus government must do so, darkly warning that otherwise "you're going to have an unstable society."
Should anything happen to the Obamas' Portugese water dog Bo, perhaps the First Family could adopt Jeff Glor as a pet parrot. The weekend Early Show weekend co-host proved the perfect White House mimic this morning. Glor dutifully echoed the Obama admin line, dismissing as "political" Standard & Poor's downgrade of the US government's credit rating.
In support of his point, Glor twice mockingly referred to the fact that the country of Liechtenstein now has a better credit rating than the US. And your point is, Jeff?
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):
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: