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:
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):
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.
We are engaged in a long war — actually two long wars. The first and most commonly accepted of our wars is the long war against Islamofascists. It is not a war against vast armies. Comparatively speaking, it is just a war against a handful of thugs, but they want to strike at our heart, wherever we are ill-prepared, and if they can they will cause incalculable destruction. This we discovered on September 11, 2001. We are on the hem of wiping al-Qaeda out, but there are other thugs waiting. We must be vigilant against them. It will be a long war.
The second long war is at home on budgetary matters. That both the left and the right are in a fury about an early battle in that war, the debt-ceiling battle, suggests just how long that war will be. We have little consensus on this war. Yet a war it is, and a very long war I fear it will be. It is a war to balance the budget, putting the economy on a sustainable course, ensuring growth and jobs. It is a war to get the country back to a federal budget that accounts for 20 percent of GDP rather than the 25 percent of GDP that President Obama has snatched from us while we were not looking.
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.
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):
Running through the findings of a new CBS News/New York Times poll, on Thursday’s CBS Evening News Chip Reid highlighted how, after weeks of media hostility the Tea Party has lost popularity, as he also located people to illustrate how more wanted, and still want, taxes raised over spending cuts alone.
Reid ignored, however, how far more – Republicans, independents, and even Democrats – believe the spending cuts “didn’t go far enough” over “went too far.”
According to the website Politico, Vice President Joe Biden agreed "with a line of argument made by Rep. Mike Doyle (D-Pa.) at a two-hour, closed-door Democratic Caucus meeting" that congressional tea party members "acted like terrorists" in the way they stood against attempts to raise taxes and force spending reductions as part of the debt-ceiling deal.
Biden denied making the comparison. Given the heated rhetoric behind and in front of the scenes, the use of such a phrase, particularly in light of Biden's known salty language, has credibility.
CNBC's Ron Insana asserted on today's "Andrea Mitchell Reports" that the United States does not have a debt problem. "We need more stimulus. We have a growth crisis in this country, not a deficit crisis," argued Insana. He also insisted that Europe, which also has debt problems, should not pursue austerity measures. "I think people might be looking at Europe and saying listen, they need austerity. They don't need austerity either," said Insana.
Good Morning America's Jon Karl on Thursday placed the blame for a partial shutdown of the Federal Aviation Administration on House Republicans, ignoring the role Senate Democrats have played.
4000 thousand FAA workers have been furloughed, construction projects have been stopped, but Karl complained, "What's the hold up? Republicans are insisting on cuts to a program that subsidizes flights to small rural airports."
The media attacks on the Tea Party are becoming truly deplorable.
On Wednesday, MSNBC's Martin Bashir actually brought on an addiction specialist to analyze the nation's most powerful conservative movement, and his opinions were nothing less than vile (video follows with transcript and commentary):
The debt deal, if it sticks, is a triumph for the bipartisan, status quo-clinging Washington establishment. Here is a prediction: Between now and January 2013, total actual spending cuts will be minimal. That will result from the following: (1) The $900 billion deficit reduction is almost all back-loaded to the years beyond 2012. (2) The select committee created by the budget deal will fail to pass a "second tranche" deficit-cut package of an additional $1.5 trillion. (3) The "trigger" will be pulled that will identify an additional $1.2 trillion. (4) The pulled trigger won't require any more deficit reductions to go into effect until 2013, when a new Congress and either a new president or a re-elected President Obama will be able to re-decide (or repeal) all these decisions. That president will also have to decide what to do with the expiring Bush tax cuts, which if extended would be scored to increase deficit by $3.5 trillion over ten years. (5) The debt ceiling will not need to be raised until 2013.
Appearing on Wednesday's NBC Today, CNBC Mad Money host Jim Cramer blamed the debt ceiling standoff for stocks falling on Wall Street: "All people can talk about is the whole slow down that Washington triggered, the 'manufactured crisis,' as the President mentioned..." Co-host Ann Curry wondered: "To what degree did the spending cuts called for in this bill have an influence in this perception?"
Cramer argued: "We've seen a trillion dollars lost in the stock market. Much of it is associated with companies that were doing well because of government – some people call it hand outs, I would say spending – and I think that, that is a huge part of the decline." Curry touted an over-the-top prediction: "One advocacy group, the liberal-leaning Economic Policy Institute, says the economy could lose 1.8 million jobs in the next year due to the cuts in this deal."