A rising Dow Jones Industrial Average (DJIA) means better times are on the way, right? Not necessarily, according to CNBC CME floor reporter and tea party movement inspiration Rick Santelli.

Santelli made an appearance on CNBC's Nov. 6 "Fast Money," a show which the host, Melissa Lee, is skittish about a discussion that politics interferes with the market is a reality. Nonetheless, Santelli explained there so happens to be correlation between a rise in unemployment rates and the rise in the Dow Jones Industrial Average.

"[I] think we're building a stairway to heaven in Dow prices on the back of paper and I think that, you know it seems kind of dire to me that 8 percent - 8,000, 9 percent - 9,000, 10.2 - 10,000," Santelli said. "I shudder to think where the unemployment rate is going to be at 11 and 12,000 in the Dow."

Ford Motor Company took everyone by "surprise" Nov. 2, when it announced nearly a billion dollars in profit for the third quarter of 2009. The company also said it would be "solidly profitable" by 2011.

CNN repeated the announcement on Nov. 3 "American Morning," saying, "Turning now to the Big Three in Detroit, Chrysler extends its buyout offer to more than 20,000 employees while General Motors is still trying to restructure spending billions of bailout dollars, but Ford - which didn't take any cash from Uncle Sam - is back in the green again, posting a profit of nearly $1 billion for the third quarter."

The announcement was big news, but what should have caught more journalists' attention was the fact that Ford managed to turn things around without the help of a federal bailout - the very bailout reporters promoted in 2008 and 2009.

Well, it only took them the better part of a year to pick up on what yours truly first noted in early February (at NewsBusters; at BizzyBlog), , and what anyone with eyes has surely known for months. But the Associated Press has finally acknowledged it -- or at least it's the first time I've seen the wire service do so.

In the eighth paragraph of their article covering October's auto sales, AP reporters Tom Krisher and Dee-Ann Durbin recognized part of the reason -- and perhaps the most important reason -- why Ford has been cleaning the clocks of General Motors and Chrysler all year long:

Ford has benefited from consumer goodwill because it didn't take government bailout money or go into bankruptcy protection, as General Motors and Chrysler did.

Though October seems at first glance to have turned out somewhat differently than the first nine months of the year for Detroit's sort-of Big 3, that really isn't the case:

There's a lot of uncertainty with the U.S. economy and a lot of its recovery hinges on some key policy decisions due from the federal government. 

On CNBC's Nov. 2 "The Kudlow Report," CNBC host Maria Bartiromo discussed her interview with former Chairman of the Federal Reserve and Obama adviser Paul Volcker from the Global Financial Leadership Conference in Naples, Fla. One of the topics Bartiromo reported on from the conference was the possibility the Bush tax cuts would be allowed to expire, which she insisted is unlikely.

Now that the Obama administration is attempting to take a victory lap on the U.S. economic recovery, claiming the $787-billion stimulus passed earlier this year was what did the trick, despite a cost of $160,000 per 'stimulus' job, as ABC's Jake Tapper pointed out, it has come at the cost of the U.S. dollar.

Since then, the stock market has rebounded nicely. The Dow Jones Industrial Average (DJIA) is off a March low of 6,547 points, even topping the 10,000-mark recently. But what has caused this nearly 50-percent jump? According to CNBC's Larry Kudlow - loose monetary policy by the Federal Reserve, with low interest rates, has made it possible for the markets to rise, with the 'loose' money going into the market.

"The funny thing is, Steven, it has gone into stocks - I mean the stock market guys ... there's no real multiplier for the economy, right?" Kudlow said on his Oct. 30 CNBC program. "But it has gone into stocks and the stock market crowd wants to see the Fed to keep pouring the money in no matter what happens to the U.S. dollar."

It's bad enough we have to bailout banks and auto manufacturers or spread around subsidies for wasteful, inefficient forms of energy like ethanol and morally reprehensible institutions like ACORN and Planned Parenthood. 

However, now a couple of the wizards of smart that have managed to land a spot in the editorial pages of The Washington Post are lobbying for journalism subsidies.

In the Oct. 30 Post, the co-founders of Free Press, John Nichols of the liberal publication, the Nation and Robert McChesney, a professor at the University of Illinois at Urbana-Champaign, suggested it's time for the government to prop-up beleaguered journalists to "spawn" so-called independent media. Nichols and McChesney make the case that newspapers are important for two reasons - one not-so important one and one arguably legitimate one. They maintain President Barack Obama believes newspapers are important and that they play an important part keeping government in check. But in order for them to sustain this vital role in our culture, they say it's time for the government to lend a hand.

When Katie Couric and the folks at CBS start doubting what the Administration says about how effective February's economic stimulus package was, you know President Obama is in trouble.

Consider that on Thursday's CBS "Evening News," Chip Reid began a segment with the following startling statement about a jobs report card to be released by the White House Friday:

Well, Katie, that report is going to claim that the stimulus has already created or saved hundreds of thousands of jobs, but if the administration`s first effort at counting stimulus jobs is any guide, tomorrow`s numbers could be hard to believe.

Readers are advised to make sure youngsters are out of the room, for watching Katie and the Gang say the White House might be fudging numbers could be way too frightening for minors (video embedded below the fold with transcript, h/t Terri Green, file photo):

A new report on the state of the newspaper industry in Argentina has found that federal appropriations for newspapers have resulted in less coverage of government corruption. This study goes to the heart of the 'newspaper bailout' debate in this country, and demonstrates the danger of supporting the news media with government funds (h/t Mark Tapscott).

Many liberal media commentators have called for direct federal subsidies for ailing newspapers, arguing that federally-supported news media are essential to democracy. The most prominent group in this camp is Free Press, founded by liberal media guru--and avowed socialist--Robert McChesney (incidentally, McChesney has avidly defended Venezuelan President Hugo Chavez's crackdown on opposition media outlets in the country).

It is bad when an anchor from a sister network feels compelled to call out a colleague about the lack of ideological balance, but that's just what CNBC's Larry Kudlow did on his Oct. 27 program. 

In a time when some of CNBC's critics demand the network be held to a high standard when it comes to balance, a different standard is applied to MSNBC. And a lack of balance is something Kudlow pointed out.

Kudlow, referring to the Oct. 26 broadcast of MSNBC's "The Ed Show," which featured Rep. Barney Frank, perennial presidential candidate Ralph Nader and the host Ed Schultz, noted all the participants were left-of-center.  And in the appearance, Frank made a pitch for the expanded role of government and argued the only reason people opposed it was because they were disillusioned by the government for its failures during the Bush administration, specifically dealing with Hurricane Katrina.

As I pointed out Monday night (at NewsBusters; at BizzyBlog), Associated Press reporter Martin Crutsinger, in his Saturday morning report on the federal government's full-year fiscal results, conveniently "forgot" about a major accounting change that enabled President Obama's Treasury Department to report a final "deficit" of "only" $1.417 trillion.

That's hundreds of billion of dollars lower than the $1.75 trillion expected in February. The change, which caused "investments" in financial institutions, General Motors, Chrysler, and other entities to be accounted for on a "net present value" (NPV) basis, had an initial impact of over $175 billion when first implemented. Crutsinger ignored the change, even though its implementation occurred after that February estimate.

Though the end of a fiscal year represents a perfect opportunity to extend readers' understanding of how our government (sort of) works, Crutsinger also did not tell readers that the reported "deficit" is nowhere near the amount of the increase in the national debt that occurred during the fiscal year. As of September 30, the national debt was $11.910 trillion, or $1.885 trillion higher than the national debt a year earlier. That means that the most recent year's "unreported deficit" was $468 billion.

One other area where Crutsinger erred was in his breezy opening paragraph assessment that the precipitous drop in cash receipts during the most recent fiscal year -- officially understated for a reason I will note shortly -- was entirely due to the recession:

The Federal pay czar announced that executives in companies that took bailout funds from the Troubled Asset Recovery Program should not receive the bonuses that were announced recently. And there are rumblings about extending government reach into the executive compensation at all publicly traded companies. That would be just fine with Harry Smith at CBS's "Early Show."

On Oct. 22, Smith interviewed Elizabeth Warren, the chairperson of the Congressional Oversight Panel - basically the government-mandated babysitter of companies that were bailed out by TARP funds.

"Guys, you can't party on like it's 2007," said Warren. "If you're going to have to take taxpayer dollars, then it means the game has to change."  

Worried about a potential slippery slope with the Obama administration dictating what people are paid in the private sector - TARP bailout or no TARP bailout? Message from CNBC's Jim Cramer: Get over it.

On CNBC's Oct. 21 "Street Signs," the "Mad Money" host ripped into Wall Street executives that objected to the government dictating the rules of compensation. Opponents argue these pay restrictions inhibit Wall Street firms ability to retain the best employees possible - an argument Cramer says doesn't matter.

"Hey, there's no God-given right to work at those companies," Cramer said. "These people can go off if they want to. I know that [Citigroup Inc. Chief Executive] Vikram Pandit has kept 23 of the top 25 people with very severe pay restrictions. If you believe in your institution, you stay. See, a lot of Americans are looking at those pay cuts and thinking, ‘How do I get in on the action?' So I don't really care."

CNN political analyst Roland Martin ripped President Obama from the left on Wednesday’s Newsroom, after the White House announced that they were going to cut the pay of top executives at corporations which took taxpayer money from the federal government for bailouts: “It’s about damn time. The White House, frankly, has been slow in actually making this happen.”

Near the end of the 3 pm Eastern hour, anchor Rick Sanchez broke the news about the Obama administration’s decision to “put the kaputs on some of these big-timers with some of these Wall Street firms like AIG, and they are apparently going to ask them to take a cut in annual salaries of their 25 highest paid executives by an average...of 90% from last year.” Sanchez brought on Martin to comment on this breaking news, and the analyst’s reaction was unequivocally critical of the administration’s inaction in going after executive pay.

Showing that Reverends Al Sharpton and Jesse Jackson have become interchangeable, in the 2:00PM ET hour on MSNBC, anchor Contessa Brewer mistakenly introduced Jackson as Sharpton: “Joining me now to talk about this and the nation’s real problem of joblessness, the Reverend Al Sharpton....I’m so sorry, the – the script in front of me said Reverend Al Sharpton...I know who you are, Reverend Jackson.”

Brewer was just starting to bash capitalism as she made the error: “A Goldman Sachs adviser....Brian Griffith says, quote, ‘we have to tolerate the inequality as a way to achieve greater prosperity and opportunity for all.’” She then sarcastically asked Jackson: “What’s your reaction to hearing someone say, you know, when it comes to income inequality, all’s well, the rising tide floats all boats?” Before replying, Jackson had to clarify his identity: “I’m Reverend Jesse Jackson.” Which prompted Brewer’s apology. Jackson went on to argue that Griffith’s claim was a “vulgar statement.”

On Oct. 20, Media Research Center Vice President of Business & Culture, appeared on the Fox Business Network to discuss recent calls from journalists and liberals for government intervention in America's ailing newspaper industry.

"I can hardly believe that the Washington Post would publish an editorial asking for a taxpayer bailout of newspapers," said host Stuart Varney. "Tell me I should not be shocked."

Varney, said Gainor, shouldn't be surprised, since the editorial was "pegged to a report that came out by former editor Len Downey calling for exactly that same thing." Gainor explained that industry insiders and liberals, along with some on Capitol Hill are either desperate to save journalism jobs or salivating at the prospect of exercising greater control over the media. "You've got both houses of Congress, the Federal Trade Commission and the FCC all looking at the future of journalism and all trying to get their hooks into it."

Back on October 7, when the Congressional Budget Office reported that the federal deficit had ballooned to a massive $1.4 trillion during President Obama’s first year on the job, Katie Couric’s CBS Evening News did not tell viewers. But Couric finally caught up to the bad news after the Obama White House put out its final numbers on Friday afternoon.

Couric disclosed the news in a brief item that never mentioned The One by name: “It's the biggest IOU Uncle Sam has ever written. Government figures out today show for the last fiscal year, which just ended, the United States spent a record 1.4 trillion dollars more than it took in. That's three times more than the year before.”

New York Times reporter Jackie Calmes this morning noted that Obama’s deficit is much larger as a percentage of GDP than during the 1980s, when Democrats attacked Ronald Reagan’s tax cuts as fiscally reckless:

Lately there's has been an anti-Wall Street sentiment, propagated by the media that has become exacerbated as the Dow Jones Industrial Average (DJIA) hit 10,000 Oct. 14.

On CNBC's Oct. 15 "Street Signs," Jim Cramer, host of "Mad Money," was asked by fill-in host Melissa Francis what he thought about the outrage over Wall Street hitting its stride, while unemployment continues to rise.

"What did you think about [Morgan Stanley CEO] John Mack's answer to the big question of the day, which is the divergence between Main Street and Wall Street?" Francis asked. "We see Dow 10,000 - bonuses are back at the same time Main Street is in a shambles."

Cramer took a different and unexpected tact by explaining he was a Spartacist, one who believed in a Communism in his youth. But during that time in his life, he said he became very familiar with the teachings of Vladimir Lenin.

Michael Moore makes propaganda movies and many in the news media embraced his latest screed against the free markets: "Capitalism: A Love Story." To NBC, hating capitalism makes Moore a go-to expert for Wall Street bashing.

"Today" interviewed Moore, along with MSNBC's Dylan Ratigan on Oct. 15, in a hit piece on Wall Street bankers and bonuses.

Moore reacted to the bonuses with condemnation of the capitalist system saying, "And I mean, I mean, Matt, these people, they burned down our economy. They completely crashed it. And now they're getting rewarded for it. It'd be like if I burned down your house today and then tomorrow you send me a check for it thanking me. I mean, it's, it's absolutely insane that we allow this to happen. But not surprising, because that's our capitalist system. They can get away with it because it's legal."

How many times have we heard President Barack Obama or high-ranking members of his administration lament the fact that the president "inherited" a recession?

Quite a few, if anyone is keeping track. Now the Dow Jones Industrial Average (DJIA) has broken through the 10,000-point barrier. But that begs the question given the inevitable credit Obama will get from the media and other supporters for this rally, should former President George W. Bush get some of the credit if Obama is so willing to blame him for the collapse?

It's a question Neil Cavuto put to the test on his Oct. 14 Fox News "Your World" program speaking to Macro Portfolio Advisors Vice President Jim Lacamp.

Eight months after President Obama signed a stimulus package worth $787 billion, less than half the funds have been spent and nearly half of Americans want the remainder to be repealed.

Of course, that hasn't stopped the mainstream media from pushing for more.

Recall that before the first bill was even signed, Reuters hailed a statement from billionaire George Soros warning that it wouldn't be enough. In July, NewYork Times columnist Paul Krugman called the bill "inadequate" and bemoaned fiscal conservatives for their "bittter and unrelenting" skepticism.

Now, despite unemployment approaching double digits, the federal deficit exploding, and rumors flying that the world is dumping its dollars, liberal newpapers have unabashasedly increased their call for more "stimulus."

An October 6 article from the NY Times first provided some revisionist history to advance the fiscally-challenged cause: