General Electric CEO Jeffery Immelt, thought to be one of Keith Olbermann's biggest supporters, and NBC Universal President Jeff Zucker are reported to have called some of CNBC's on-air talent to a secret meeting at least if the The New York Post's Page Six column for April 16 has it right. The meeting was called to scold the cable yackers for being too harsh on the Obammessiah, with the duo ala Jeffs warning that CNBC is turning into "the Obama bashing network" and that the cable outlet is becoming "too conservative."
OK... now how did that lefty mantra go again? Doesn't it go that the media couldn't possibly be lefitwing because "the suits" that own the media are conservative corporate types? Once again it looks like the truth is a different animal than the leftist trope pretends.
The Denver Post reporters John Ingold and George Plavin either don't know what "astroturfing" is, or don't care to correct leftists for using the term incorrectly. In their report on the Denver Tea Party, they quote Mike "The Headless Chicken" Huttner, as deriding the Tea Parties:
"The tea parties are the latest version in a months-long campaign against change, organized by right-wing think tanks and lobbyists who have done well over the last eight years under George Bush," he said.
He pointed to a number of national conservative political groups listed as sponsors on Taxdayteaparty.com, including FreedomWorks and Americans for Limited Government.
Apparently, one-tenth of one percent is too much money spend tracking, ah, your money. The states are now starting to complain that they don't have enough money to track and publicize all the spending they're doing:
When it comes to the $787 billion in federal stimulus money flowing from Washington to the states, it will cost money to spend money.
Nebraska's governor's office told lawmakers it expects to spend more than $1.2 million over two years to oversee disbursement of about $1.5 billion Nebraska stands to receive in federal stimulus funds.
Other states, including Colorado, are in similar straits. But Washington — at least for now — isn't handing out money for states to hire auditors and accountants, and the stimulus law requires stringent reporting from states to ensure transparency and curb abuses.
Among the questions the Post and the AP decided not ask were:
So, we are all well aware of the so-called reporter from CNN, Susan Roesgen whose on-air haranguing of those she was ostensibly reporting on made obvious her anti-Republican bias. Well, for the past day Americans have been emailing her to let her know how they feel about her unprofessional attitude. Apparently, CNN does not appreciate hearing from its viewers, though, because all of a sudden anyone that sends an email to Roesgen's CNN email address will have it returned as address unknown!
We reported on Roesgan's outrageous "interviews" from the Chicago Tea Party later that evening and since the airing of her debating those she was supposed to be reporting on, folks have been jamming CNN's email boxes with complaints.
It is pretty telling that on-air "reporter" Roesgen's email address suddenly returns as address unknown, isn't it? Why is CNN so afraid of hearing from its viewers?
On Wednesday’s Anderson Cooper 360 program, CNN’s Christiane Amanpour and Jeffrey Toobin voiced their skepticism about the hundreds of Tea Party protests across the U.S., with Toobin stating how it was “disturbing” that there was a “edge of anger at the government” at the rallies. He continued, “There is a real -- a real hostility that is not just politics as usual among some of these people....I think it’s indicative of trying to tap into an anger that’s beyond rationality on a part of a small group of these people.” Amanpour also asked if the protesters were “really out of step with the majority of Americans.”
Amanpour, filing in for host Anderson Cooper, began the segment just after the beginning of the 10 pm Eastern hour of the CNN program. Before turning to Toobin, she brought on the network’s senior political analyst David Gergen and asked him a cynical question about the Tea Parties: “David -- is this, David, a grassroots movement, or is it something just whipped up for this moment?” Gergen began with an admission: “Well, Christiane, at first, I must confess, I did not take these very seriously. But they do seem to have gained traction in the last couple of weeks. And they have -- I think they are giving expression to what is a groundswell of a vocal minority, who are increasingly alienated and opposed to what the president is proposing -- is putting forward, the agenda he’s advancing.”
CNN reporter Susan Roesgen became a pseudo-"journalistic" anti-hero yesterday for her obnoxiously belligerent interview of one Taxed Enough Already (TEA) Party participant and her overall assessment of the more than 750 events around the country as amongst other derogatory things "anti-government."
But in another segment, she delved into rank hypocrisy the likes of which we rarely find even in the woefully biased liberal media pantheon.
In it she sought out another TEA Party participant who had a mocked-up sign in which President Barack Obama is melded with Adolf Hitler. She immediately began arguing with this gentleman as well; amongst the things she angrily said were "Why be so hard on the President of the United States with such an offensive message?" and "Do you realize how offensive that is?"
We will admit that portraying President Obama as Der Fuhrer is a bit over the top. But Miss Roesgen's sensitivity to being "so hard on the President of the United States with such an offensive message" seems only to arise when the Hitler-izing involves Democratic Commanders-in-Chief.
The New York Times finally noticed -- kind of -- the nationwide "tea party" protests against the bailouts, the stimulus plan, and President Obama's budget. Reporter Liz Robbins' story, "Tax Day Is Met With Tea Parties" is the first Times news report to deal with any of the conservative anti-spending protests, and does so in a predictably snide manner and in a relatively short article on Page 16 of Thursday's edition.
This paragraph from Robbins' initial version of the story, posted at nytimes.com Wednesday afternoon at 2:30 (no longer online), got a few facts about conservatives wrong:
Fox News was covering the events and streaming live video as its own commentators Neil Cavuto and Michelle Malkin were headlining the protests in Sacramento, Sean Hannity appeared in Atlanta, and Newt Gingrich showed up at City Hall Park in New York.
Oops. Neil Cavuto is a host at Fox News, not a commentator, and given that her story was filed Wednesday afternoon, Robbins couldn't have actually reported on Newt Gingrich's speech at City Hall Park, which didn't start until sometime past 7:30 p.m.
An attack from that first filing that didn't make it into the print version accused the protestors of "group therapy" and of "expressing their anger, but offering no solutions."
Of course, when the small band of colonists dressed as Indians and dumped tea in Boston Harbor in 1773 to protest King George's import tax and imperial government, that movement led to independence.
All of these tax day parties seemed less about revolution and more about group therapy. At least with the more widely known protest against government spending, people attending the rallies were dressed patriotically and held signs expressing their anger, but offering no solutions.
While Fox News has celebrated the Taxpayer Tea Party rallies and MSNBC has denigrated them, the impetus of the movement - CNBC and specifically Rick Santelli, its inspiration - had been conspicuously quiet about it.
"A lot of articles about these tea parties," Kernen said. "They all have your name in them, like you caused it. Are you actually attending any or are you just sort of got the idea going initially? What do you think? I mean, you're like a cultural phenomenon at this point."
NBC - one of the networks that has virtually ignored the Tax Day Tea Party protests against taxation and government spending - finally mentioned it on "Today" April 15.
The network's chief White House correspondent, Chuck Todd tacked his criticism on to the end of a glowing report about President Obama's economic speech from April 14. He cited "White House aides" who called Obama's speech "a modern-day fireside chat," but Todd said "it also had the feel of an economics class."
After such positive remarks about Obama, Todd dismissed the grassroots movement as "so-called tea parties."
MSNBC prides itself as being the place for politics, the seemingly clever marketing slogan could be used to describe the network as the place where hosts try to use dirty humor about important political events.
David Shuster, filling in for MSNBC loose-cannon Keith Olbermann on his April 13 broadcast, and his writers probably thought they were pretty clever when they pieced an item denigrating the tax protests by using the sexual term "teabagging." Urbandictionary.com, cited multiple times by one MSNBC guest, describes it as when a man places his testicles "onto someone's face, or into their mouth."
"For most Americans, Wednesday, April 15th will be Tax Day," Shuster said as he began a soliloquy with about a dozen separate oral sex puns. "But in our fourth story tonight: It's going to be teabagging day for the right-wing and they're going nuts for it. Thousands of them whipped out the festivities early this past weekend, and while the parties are officially toothless, the teabaggers are full-throated about their goals.
Here's a Tea Party Wednesday engine-starter, so to speak.
This past week, while much the world focused on the terrorists in training euphemistically known as "pirates," and the more religious among us attended Holy Week services and celebrated the Resurrection, bean counters and government bureaucrats were trying to figure out just how much a bankruptcy at General Motors could cost the treasury .... Oh, I forgot, the treasury is empty. I should have said "how much future generations will pay for General Motors' current bankruptcy."
In a Sunday night/Monday morning story that 'skillfully' buried the lede, the New York Times's Micheline Maynard and Michael J. de la Merced misdirected readers with talk of a "surgical" bankruptcy, while saving for later paragraphs evidence they have indicating that, if it occurs, it won't be a bankruptcy as you or I understand it. Properly stated, it should be renamed "Operation Make UAW Members Nearly Whole at Taxpayers' Expense."
Meanwhile, the Detroit Free Press appears to be almost unique in reporting that, hard as it is to believe (kidding, of course), GM might not actually repay all of the monies "lent" by Uncle Sam.
But back at the Times, though they waited until Paragraph 10 to drop the big number on us, Maynard and de la Merced eventually made it clear that taking a bit of a principal hit on the government's loans might be the least of taxpayers' problems, given the skulduggery (and that is the right word) Barack Obama and Treasury Secretary Tim "Tax Cheat" Geithner have embarked upon:
The announcement that Goldman-Sachs may be able to pay back its bailout loan, sooner rather than later, was met with a grim assessment by NBC's Matt Lauer, on Tuesday's "Today" show as the co-anchor fretted to the Obama administration's Christina Romer: "I'm worried if you think if that's a good thing.Are they doing this because of financial stability or might they be talking about that, simply to get out from under the thumb of the federal government and be allowed to go back to running the business the way they want to run it as opposed to the way the government wants them to run it?"
Lauer invited on Romer, the chair of Obama's Council of Economic Advisers to preview the President's speech on the economy and pressed her about companies going back to "business as usual" but Romer assured Lauer that, "We are going to be working on financial regulatory reform."
The following is a complete transcript of the interview as it was aired on the April 14, "Today" show:
On Monday night's "Hardball," the Wall Street Journal's Stephen Moore challenged Chris Matthews to come out to one of the many tea parties protesting taxes and the government bailouts, as the former Club For Growth President egged on the "Hardball," host to prove he is "a man of the people," but Matthews ducked the invitation and yelled back: "Steve stay in your box!"
As Matthews was wrapping up a segment with Moore and radio talk show host Michael Smerconish, Moore got in the following parting shot:
STEPHEN MOORE, WALL STREET JOURNAL: Chris! Chris! Chris! My question is you're a man of the people, why aren't you out there at these April 15th rallies? I mean c'mon! You know you, you say, you speak for the middle-class guys?
CHRIS MATTHEWS: What is this? Intramurals? Michael Smerconish, thank you and Steve stay in your box!
With the Tax Day tea party rallies just three days away, outside of the Fox News Channel, the coverage has been lacking. And, it was something that even Washington Post media columnist and host of CNN's "Reliable Sources" Howard Kurtz acknowledged on his April 12 program.
"The folks at Fox News have found something to be for in this age of Obama," Kurtz said. "They are firmly in favor of tea parties. On Wednesday, that would be April 15th - there will be tax protests around the country on the theme of the original Boston Tea Party. TaxDayTeaParty.com says it was inspired by that rant against President Obama's mortgage aid plan by CNBC's Rick Santelli."
However, Kurtz didn't condemn his network and other networks for lack of coverage - but instead explored the notion that Fox News was giving it too much coverage.
Even before a single bag of tea has been dumped as a form of protest over government economic policies, the gang at MSNBC is in full-attack mode over the notion these protests merit any recognition.
On MSNBC's April 10 "Countdown," fill-in host David Shuster imitated his MSNBC colleague Rachel Maddow's juvenile and overdone description of the tea party protest to disparage the upcoming nationwide event.
"Now to the so-called ‘teabagging parties' you may have heard about," Shuster said. "They have been fluffed repeatedly by Fox News. Citizen protests over the government's collection of taxpayer money, specifically that the wealthiest taxpayers in our nation will see their rates go up 3 percent two years from now."
Is this really what it has come to - columnists lobbying the government for a bailout?
Rosa Brooks, a Georgetown University law school professor, wrote in her last column for the Los Angeles Times on April 9 that it is time for a government bailout for journalism because our way of society is reliant on that profession for its survival.
"If newspapers become mostly infotainment websites - if the number of well-trained investigative journalists dwindles still further - and if we're soon left with nothing but the yapping heads who dominate cable ‘news' and talk radio, how will we recognize, or hope to forestall, impending national and global crises?" Brooks wrote.
BMI's Dan Gainor has the following column on Tax Day and Tea Parties up on the Fox Forum:
When you want tea, you bring water to a boil. When you want genuine change, you do the same thing to the American public.
Right now, that public is boiling mad and, with April 15 around the corner, the most important thing brewing is tax protest. For every state in the nation, this tea’s for you.
Lucky for us, our cups runneth over. The nationwide Tax Day Tea Party movement is building incredible steam with an event on the day most Americans dread – April 15. It’s an H&R Block Party to take back our government from people who couldn’t manage the budget of a Kwik-E-Mart.
Liberal double standards ahoy! The New York Times news pages have virtually ignored the grass-roots "tea party" protests held in various towns across the country opposing Obama's big-spending and supporting free markets. The paper has run not a single story on a protest, even when one happened in the paper's own backyard of Ridgefield, Conn.
By contrast, a much smaller "bus tour" protest organized by a left-wing group of the homes of AIG executives received prominent and sympathetic coverage in the paper's National section, a protest where the media (50) outnumbered the protestors (40).
On Tuesday, Times editorial writer Lawrence Downes took the plunge and covered a genuine "tea party" in Northport, N.Y., a hamlet on Long Island Sound, complete with costumes and wooden crates for the dumping.
The only question is: Why did he bother?
From the start of his signed editorial, "Don't Tread on Them," it's clear Downes considers the movement a patchwork of right-wing kooks, snottily caricaturizing the protestors as silly, lazy, and greedy ("mostly, it was about tax cuts"). The text box: "Long Island patriots strike a blow against tyranny and whatever."
She's been popping up in a lot of places lately to chime in on the economy.
This time Huffington Post editor-in-chief Arianna Huffington appeared on ABC's April 5 "This Week," where she voiced her disapproval of the March 30 decision by the Financial Accounting Standards Board (FASB) relaxing mark-to-market accounting rules.
"This week, we saw so many concessions to the banks," Huffington said. "We saw the suspension of mark-to-market, which is absolutely tragic. Japan, by not having mark-to-market, made it much harder for them to recover."
But as Brian Wesbury and Robert Stein of First Trust Portfolios recently wrote for Forbes magazine, mark-to-market accounting reinstitution was reinstated only in recent years. The last time it was in effect - during the Great Depression - it caused many bank failures.
For the second time in a week, CNBC's Rick Santelli faced down one of the standard-bearers of liberalism.
First, he explained to Huffington Post editor and founder Arianna Huffington on the March 31 "Squawk Box" that markets are more efficient in correcting economic hardship, in the banking and housing sectors. On CNBC's April 3 "The Call," Santelli took on University of California at Berkeley economics professor and former Secretary of Labor for President Bill Clinton, Robert Reich.
According to Reich, the agreement brokered between President Barack Obama and other G20 leaders - to give the International Monetary Fund (IMF) $1.1 trillion - was positive and should be celebrated.
Will There Be a Corresponding Media Call to Pitchforks?Please don't halt respiratory activity in the waiting.
Freddie Mac and Fannie Mae are two public-private partnerships known as Government Sponsored Entities (GSEs). Wherein the executive staff, populated with woefully unqualified, egregiously overpaid political crony appointees, get to play housing market roulette with the House's (read: OUR) money.
Freddie and Fannie have spent the last two decades plus buying up nearly every horrendous home loan the federal government forced banks to make to unqualified borrowers. While the going was good, so too were the profits and attending bonuses for these political hacks posing as home lending experts.
But when the market collapsed, Freddie and Fannie were left holding the toxic asset bag. And by Freddie and Fannie I mean us. You and me. We tax payers.
It came and went - and some might not have even noticed it - despite the seriousness of its use. On April 2, CNBC's Jim Cramer proclaimed the Depression over.
Throughout that day, the "Mad Money" host told viewers of MSNBC's "Morning Joe," CNBC's "Street Signs" and finally on his own program that the Depression was over and that we were on the verge of a bull run for the financial markets.
"We have reached the land of a thousand bull dances - phoney maroney, why? Because the market swallowed its Prozac," Cramer said on CNBC's "Mad Money" April 2. "And right now, right here on this show - I am announcing the Depression over!"
For The New York Times economic scene section for March 31, David Leonhardt came across with one of the most amazing admissions about Obama that I've ever seen in the Times. Namely that Barack Obama is just like Hitler. Now, many of you may be solemnly shaking your head in agreement, but in so doing you would be missing why the Times was comparing Obama to Hitler. You see, Leonhardt didn't mean it as an insult. He was saying that it was a good thing that Barack was being like Hitler at least in an economic sense.
Here Leonhardt is taking the trains-on-time track with his Hitler angle by saying that, despite that whole Holocaust and World War II business, Hitler's policies were good for Germany. So good, in fact, that he celebrates the ways he sees that Obama is emulating the mustachioed mad-man's economic prescriptions with the massive takeover of the economy and bloated government spending on "stimulus."
You know the left has lost it when they are invoking the "success" of Hitler to prop up The One!
With the G20 meeting in London, there have been raucous protests - clashes with police in riot gear, destruction of property at nearby banks and even the death of one man from a heart attack. And the media have gone out of their way to cover every sordid detail.
"Look, I got a note from a friend of mine in Orlando who pointed out there were more people at a taxpayer tea party in Orlando a week ago than there are in London," Gingrich said on Fox News Channel's April 1 "On the Record with Greta van Sustren." "They just didn't get any coverage out of the media. There were more people recently in Cincinnati at a taxpayer tea party than there have been demonstrating in London. But the London demonstrators are breaking windows, they're being violent, and you know, the media is always happy to cover the anarchic and violent left."
On Tuesday, both USA Today and the Associated Press highlighted guarded optimism that seemed a bit beyond the justifiable after the release of March's sales results for the auto industry.
Though there is perhaps some cause for hope, both reports made more out of the industry's roughly 25% sales pickup from February to March (compared to a typical 20% in previous years) than was justified. More importantly, both reports failed to specifically cite:
Continued market-share losses at bailed-out General Motors and Chrysler.
Ford's disproportionate share of that decent but not exceptional industrywide February to March pickup (seen in a chart after the jump).
It's no secret the Bush administration used fear tactics to push the $700-billion Troubled Asset Relief Program (TARP) through Congress last fall. Both members of the House and the Senate have come out after the fact and disclosed the details.
However, the method the Treasury Department employed to get banks to go along with the TARP bailout breached legal boundaries to the point of "extortion," according to Fox News Senior Judicial Analyst Andrew Napolitano, a former Superior Court Judge for the state of New Jersey.
Napolitano told viewers on FNC's April 1 "Studio B" that he had a conversation with a head of $250-billion bank that explained the federal government, under the threat of an audit, forced him to accept TARP funds.