NewsBusters readers are well aware that we like to point out when arrogant, pompous, holier-than-thou liberals make completely false statements on the air and in print.
Bill Maher marvelously did so on HBO's "Real Time" Friday claiming that the Bush tax cuts have so far given a total of $2.8 trillion to the richest one percent of Americans (video follows with transcript and commentary):
I've said for years that some of the worst reporting by the media deals with issues of finance and the economy.
"Real Time" watchers were given a perfect example of this Friday evening when a college professor that contributes to MSNBC as well as Nation magazine actually said, "I’ll put my Obama deficit next to your Reagan deficit any day of the week" (video follows with transcript and commentary):
The latest Social Security Trustees Report tells us that the program will be insolvent by the year 2037. The combined unfunded liability of Social Security and Medicare has reached nearly $107 trillion in today's dollars. That is about seven times the size of the U.S. economy and 10 times the size of the national debt. Those entitlement programs, along with others, account for nearly 60 percent of federal spending. They are what Congress calls non-discretionary spending. About half of discretionary spending is for national defense. Each year, non-discretionary spending consumes a higher and higher percentage of the federal budget.
William F. Buckley Jr. once said his job was to "stand athwart history, yelling stop!" If more liberals took this advice, they wouldn't end up looking like two CNN anchors who just don't know when to say no to unsustainable deficit spending.
On the eve of a disappointing jobs report in which the unemployment rate rose to 9.1 percent, CNN International's Richard Quest plowed ahead like the helmsman of the Titanic in calling for "classic Keynesian economics" to salvage the foundering economy.
MSNBC's Chris Matthews on Thursday got a much-needed economics lesson from CNBC's Joe Kernen.
In the midst of a discussion about the economy and how it's going to impact the 2012 elections, the "Hardball" host bragged about having studied economics in grad school leading Kernen to marvelously ask, "You studied economics?" (video follows with transcript and commentary):
It never ceases to amaze me what people on MSNBC are willing to say while cameras are rolling.
On Wednesday, the perilously liberal Cenk Uygur - with a straight face no less! - told Congressman Brian Bilbray (R-Calif.) in the midst of a budget discussion, "I'm actually a fiscal conservative" (video follows with transcript and commentary):
File this one under: Imagine If The Partisan Tables Were Turned.
On her MSNBC show this evening, Rachel Maddow repeatedly mocked Republican Senate leader Mitch McConnell as "little Mitch, the rodeo queen."
Maddow was miffed over McConnell's arranging a Senate vote on the raising of the debt ceiling, and by extension the Republican position on Medicare reform. And so, for about ten--interminable--minutes, Maddow beat into the ground a labored metaphor, somehow analogizing McConnell to the cowgirls in Utah who were forced to compete on stick ponies because the real horses had been sidelined by illness.
On Friday, Newsweek's Evan Thomas said the recent special election in New York's 26th Congressional district proves "demagoguing works" and that former President Bill Clinton is a hypocrite when it comes to Medicare reform.
"Inside Washington" co-panelist Charles Krauthammer agreed saying that President Obama is also a hypocrite on this issue, and that "between now and at least until Election Day, Democrats will do absolutely nothing on entitlements except demagogue it" (video follows with transcript and commentary):
As recently as last month, Sen. Harry Reid (D-Nev.) was pushing for a clean debt ceiling measure. “You don’t have to have a lot of things attached to raising the debt ceiling. You can do that separately,” he told reporters at an April 14th press conference.
Now a House GOP plan to hold a vote on a clean extension of the debt ceiling is coming under fire by Reid. It will send "a terrible message to the international community," Reid said Tuesday.
Charles Krauthammer said Tuesday that the press are so in bed with President Obama that they are actually supporting Democrat lies about Medicare and Congressman Paul Ryan's (R-Wisc.) plan to save it.
Appearing on the "O'Reilly Factor," the syndicated columnist also told the host that Fox News is "extremely powerful" because it "broke the monopoly that liberals had on all the media for about 30 years" (video follows with transcript and commentary):
New facts released by the office of House Budget Chairman Paul Ryan, R-Wis., reveal a hidden tax increase in President Obama's budget proposal. Obama's plan would, these facts demonstrate, impose a 20 percent increase in the top income tax rate - a significantly greater increase than the president has admitted.
The news media fancies itself a watchdog, so if the president is going to dramatically hike taxes, one would hope that Americans would hear about it first. But thus far, there has been almost no coverage of these stealth tax hikes. On Monday, Washington Post fact-checker Greg Kessler confirmed the veracity of Ryan's claims. Whether other major media outlets report on them will be the true test.
Congressman Ryan broke down the president's proposed tax hikes into a pair of separate measures that effectively increase the top tax rate. Taken with an existing Medicare payroll tax, the new top tax rate under Obama's plan would be 44.8 percent, not the 39.6 percent the administration claims - and significantly higher than current top tax rates.
NBC's David Gregory must have thought he had performed another gotcha on a prominent Republican Sunday when he cited a poll to his "Meet the Press" guest Congressman Paul Ryan (R-Wisc.) finding people aren't interested in reducing Medicare spending in order to balance the budget.
Without skipping a beat, Ryan marvelously educated his host saying, "I don't consult polls to tell me what my principles are or what our policies should be. Leaders change the polls" (video follows with transcript and commentary):
If you had any questions as to why Dylan Ratigan belongs on MSNBC rather than CNBC they were all answered Friday night.
Appearing on HBO's "Real Time," Ratigan presented himself as a far-left commentator telling the audience of devout liberals, "This entire rhetoric machine from the Republican Party is predicated on an abandonment of arithmetic and fact" (video follows with transcript and commentary):
Ed Schultz on Thursday mocked Congressman Paul Ryan (R-Wisc.) as a young, inexperienced kid who's never run a business, never had to meet payroll, and who offered up a radical plan that he doesn’t know the ramifications of.
As the host of the "Ed Show" whined, he clearly missed the irony that these very same things were said about the former junior senator from Illinois prior to Election Day 2008 (video follows with transcript and commentary):
When an admittedly liberal Nobel laureate in economics thinks trying to balance the budget is holding America hostage, one has to wonder if there are any adults remaining on the left side of the aisle.
Consider what New York Times columnist Paul Krugman wrote Monday:
New York Times columnist Paul Krugman said Sunday that Democrats should risk a debt default to avoid being blackmailed by Republicans that are holding a bomb "over our head" in the form of serious budget cuts.
This came moments after FDIC chair Sheila Bair told ABC's "This Week" panel, "I think maybe there's a little too much testosterone in this debate. It’s too much about winning and losing and not enough both sides are right, let’s come together and have a solution" (video follows with transcript and commentary):
Last November, MSNBC's Lawrence O'Donnell admitted on air to being a socialist.
In a segment on "The Last Word" Tuesday addressing how Cuba - a country nearing economic ruin - is moving towards capitalism, O'Donnell said, "We are all socialists in this country who support public education, state funded universities, government-run hospitals, Medicare, Social Security, classic socialistic programs that have sensibly found their way into the American economy" (video follows with transcript and commentary):
In an interview with Speaker of the House John Boehner on Tuesday's Today on NBC, co-host Matt Lauer fretted over the upcoming debate on raising the nation's debt limit: "...after the news surfaced that Osama bin Laden had been killed there was this – a good feeling in this country....Are we going to see that unity shattered in the coming weeks when we start to debate things like the debt ceiling?"
Boehner explained the importance of addressing the issue: "45 of the last 50 years we spent more money than what we brought in. We cannot continue to do that without imprisoning the future for our kids and grandkids. So this is the moment, now, to address those problems as adults." In response, Lauer quoted Boehner's recent call for cutting trillions in spending and wondered: "When you look at the gut-wrenching negotiations that took place to get $39 billion in cuts for the 2011 continuing resolution, how in the world are you going to get trillions of dollars in cuts?"
New York Times columnist Paul Krugman Monday wrote another in a series of factually dishonest pieces about budget deficits and what he likes to call 'the Great Recession."
In his "The Unwisdom of Elites," the unabashed liberal made numerous falsehoods and omissions to blame our current economic and budget woes exclusively on George W. Bush and "small groups of influential people":
Last week I noted how the Washington Post published on page A5 a story about how Obama Treasury officials tried but failed to influence Standard & Poor's credit analysts from downgrading the U.S. government's credit outlook from "stable" to "negative."
Today the Post buried on page A14 a story by staffer Zachary Goldfarb about a House of Representatives investigation into the matter:
The governing class in Washington has no excuse for not having addressed our spending issues and formulating a comprehensive federal debt retirement plan before we approached another debt ceiling threshold.
At every possible opportunity, politicians convince themselves that it's always better to kick the can down the road — Democrats because they aren't remotely serious about debt reduction, Republicans because they're afraid of their own shadow.
If you had any questions about just how far to the left New York Times columnist Paul Krugman is, they were answered Monday when he expressed enthusiastic support for the Congressional Progressive Caucus's radical tax-hiking "People's Budget."
In his "Let's Take a Hike," the Nobel laureate left no doubt about his desire to swiftly redistribute America's wealth with little regard for the economic consequences:
Everyone but the blind and reckless agrees that the United States faces a dire financial crisis. But only one of the two major political parties is offering a plan that has a reasonable chance of averting this crisis and restoring the nation to financial health.
Obama's ever-changing proposals, allegedly designed to tackle the problem, simply could not work. One of the following must be true: He doesn't agree that the crisis is grave, doesn't understand that his policies can't work, doesn't have the same vision about America as most of us, or doesn't intend for his policies to work. Some people believe he's intentionally damaging America, because they believe he's too smart not to know that we face a crisis and that his policies can't work.