Earmarks

By Noel Sheppard | November 25, 2012 | 12:24 PM EST

America has created almost six trillion dollars in new debt in the past four years and Time magazine's Joe Klein wants to "bring back earmarks."

On ABC's This Week Sunday, Klein also said, "I think John McCain did a tremendous disservice to this country by making such a huge campaign about earmarks" (video follows with transcript and commentary):

By Noel Sheppard | June 15, 2012 | 10:02 AM EDT

We at NewsBusters have been calling MSNBC's Chris Matthews a sycophant for Barack Obama since at least February 2008 when the so-called journalist bragged on the air about getting a thrill up his leg at the sound of the former junior senator from Illinois' voice.

It was therefore quite pleasing to hear former Republican National Committee chairman Michael Steele tell the Hardball host that to his face Thursday during a contentious exchange about the current White House resident's economics policies and who should be blamed for their failure (video follows with transcript and commentary):

By Seton Motley | June 11, 2012 | 8:50 AM EDT

The $82 billion auto bailout has been a Crony Socialist nightmare mess. We’re going to lose at least $30 billion on the deal.  And that’s only if the Barack Obama Administration’s math can be trusted - a dicey proposition at best.

The Administration eviscerated two hundred-plus years of bankruptcy law, throwing bond holders over the side to over-reward their United Auto Workers shock force buddies.

General Motors (GM) is cutting undisclosed deals with executives’ wives businesses.And on, and on, and on....Haven’t heard most or all of this?  Not surprising - the Jurassic Press ain’t reporting it.

By Noel Sheppard | June 3, 2012 | 3:22 PM EDT

Readers are strongly advised to remove food, fluids, and flammables from proximity to their computers prior to reading any further. You've been warned!

New York Times columnist Paul Krugman said on ABC's This Week Sunday, "It's terribly unfair that [President Obama is] being judged on the failure of the economy to respond to policies that had been largely dictated by a hostile Congress" (video follows with transcript and commentary):

By Noel Sheppard | May 26, 2012 | 2:14 PM EDT

Bill Maher is either a blithering idiot, a pathological liar, or both.

On HBO's Real Time Friday, the factually-challenged financier of Barack Obama actually had the gall to say the President didn't support the recommendations of his National Commission on Fiscal Responsibility and Reform (aka Simpson-Bowles) because - wait for it! - Republicans didn't support it (video follows with transcript and commentary):

By Noel Sheppard | May 25, 2012 | 10:02 AM EDT

As NewsBusters reported Thursday, White House press secretary Jay Carney during the previous day's press gaggle cited a bogus MarketWatch report hysterically claiming "Obama Spending Binge Never Happened."

Washington Post fact-checker Glenn Kessler looked at Carney's comments as well as Rex Nutting's article Friday and gave their assertions three Pinocchios:

By Noel Sheppard | May 24, 2012 | 10:47 AM EDT

A bogus report published by MarketWatch Tuesday claiming "under Obama, federal spending is rising at the slowest pace since Dwight Eisenhower brought the Korean War to an end in the 1950s" has been all the rage at the White House and MSNBC.

Conservative columnist Ann Coulter correctly observed Wednesday:

By Seton Motley | February 20, 2012 | 9:49 AM EST

One thing I’ve learned in the year I have spent tracking General Motors cum Government Motors (GM) - and all its Crony Socialist, green non-energy “energy”, flammable absurdities - is the fact that the car media are every bit the Leftist open-channel steno pool as are the political media.  

And with President Barack Obama running for reelection in large part on the utterly failed “success” of the $85 billion auto bailout, the car and political media have by now achieved fully melded fusion.

The examples are myriad.

By Noel Sheppard | November 28, 2011 | 12:42 AM EST

You knew this was coming.

Nobel laureate Paul Krugman - might he finally be realizing that our budget deficits can't possibly be solved by just eliminating the Bush tax cuts? - is now calling for marginal rates even higher than when Bill Clinton was in office:

By Rusty Weiss | September 4, 2011 | 12:58 AM EDT

The California solar company, Solyndra, heralded by the Obama administration as a prime example of how the Recovery Act created new jobs while promoting his vision of renewable energy, is closing their doors.  Just over a year ago, Obama himself spoke at the facility, praising it as “a testament to American ingenuity and dynamism.”  Once a beacon of solar light in the progressive green jobs agenda, Solyndra had received a $535 million federal loan with the help of newly minted energy secretary, Steven Chu, only to find themselves staring down bankruptcy and the release of more than 1,100 workers. 

Lying within that massive federal loan was a number of sub-awards to other vendors, 40 payments of which were greater than $25,000 each.  The largest sub-award went to another administration favorite, CH2M Hill, to the tune of $9.6 million for their construction engineering services.  The company is a $6.3 billion consulting, engineering, and construction firm, and shares some similarities to the failed Solyndra.  In fact, CH2M used the nearly $10 million sub-award to design Solyndra’s solar manufacturing plant in Fremont, California.  Besides that amount, CH2M is also a major beneficiary of the stimulus, having been awarded four of the top ten contracts from stimulus funding last summer - to the tune of $1.2 billion.  As of this April, the company boasts of $1.6 billion in contracts from the Recovery Act.

By Tom Blumer | August 31, 2011 | 4:46 PM EDT

Two weeks ago (at NewsBusters; at BizzyBlog), yours truly pointed out how establishment press coverage of the bankruptcy of Massachusetts-based Evergreen Solar had emphasized its Bay State assistance, and only rarely brought up how it benefitted by being able to sell solar panels it otherwise would probably not have bothered to produce to projects benefitting from American Recovery and Reinvestment Act ("stimulus") dollars.

On August 17, Larry Dignan of ZDNet, in an item published at CBSnews.com, tried to convince readers that Evergreen's failure was not indicative of an industry meltdown (bolds are mine):

 

By Noel Sheppard | June 22, 2011 | 11:13 AM EDT

Lawrence O'Donnell on Tuesday accused Congresswoman Michele Bachmann (R-Minn.) of being a socialist.

"The Last Word" host, who has admitted on national television to himself being a socialist, did so by cherry-picking from an article published at the perilously liberal website "The Huffington Post" (video follows with commentary and full transcript at end of post):