Bailouts

Peter Goodman, the business editor for the perilously liberal Huffington Post, has come up with a new highly-derogatory term for people on the right that believe there isn't an unlimited amount of money at the government's disposal.

His Monday headline read, "Bleeding Cash Conservatives Wasting Money To Punish Vulnerable Americans":

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):

As we approach Election Day, it's becoming more and more important for the Obama-loving media to give credit to the President for the economies of swing states governed by Republicans that are doing better economically than the rest of the country.

Candy Crowley did her part on CNN's State of the Union Sunday by asking Governor Bob McDonnell (R-Va.), "Don’t you credit President Obama at all for the good fortune that Virginia has?" (video follows with transcript and commentary):

As NewsBusters previously reported, England's Telegraph published an article last Thursday with the absolutely glorious headline "Britain Can’t Afford to Fall for the Charms of the False Economics Messiah Paul Krugman."

On Wednesday, appearing on a broadcast of BBC's Newsnight, Krugman got a much-needed education from a conservative member of the British parliament who said she found his view of governments spending their way out of deficits "reckless" (video follows with transcribed highlights and commentary):

NewsBusters reported Friday that the Washington Post fact-checker Glenn Kessler gave a MarketWatch piece claiming President Obama's "spending binge never happened" three pinocchios for its utter falsehoods.

On Monday, the Post's Pulitzer Prize-winning columnist and former assistant managing editor Eugene Robinson actually misrepresented his own paper's findings to hype the thoroughly debunked MarketWatch piece and bash Mitt Romney:

Former Democratic Michigan governor turned Current TV commentator Jennifer Granholm got a much-needed education Sunday about the difference between Mitt Romney's involvement with Bain Capital and President Obama's forays into green energy investment.

"When Bain invested," said George Will on ABC's This Week, "it invests money that it gets voluntarily to be invested. When the president throws a half-billion dollars away on Solyndra, it's money taken away by the police power of the federal government from unwilling taxpayers" (video follows with transcript and commentary)

Last year New York Times columnist and Nobel laureate Paul Krugman called for space aliens to invade earth so that the government would spend money to mount a defense thereby stimulating the economy.

As aliens have yet to comply with Krugman's wishes, he advocated on HBO's Real Time Friday that scientists should get together and lie about an imminent attack to boost federal spending (video follows with transcript and commentary):

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):

Leave it to America's strongest ally in the world to speak the truth.

On Thursday, England's Telegraph published an article with the absolutely glorious headline "Britain Can’t Afford to Fall for the Charms of the False Economics Messiah Paul Krugman":

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:

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:

On Sunday's NBC Meet the Press, CNBC Mad Money host Jim Cramer followed Obama campaign talking points perfectly as he decried Mitt Romney's business record at Bain Capital: "Romney's known as a job destroyer, not a creator....I think Bain sticks. I think the idea that you bring in Bain...they fire a lot of people and that's how they get prosperity for the rich." [Listen to the audio or watch the video after the jump]

At the same time, Cramer dismissed a positive forward-looking Romney ad outlining specific policy proposals: "I just don't think that this will stick." He concluded the Bain attacks against Romney were "a more resonant theme" and better "than anything that Romney's come up with."

New York Times columnist Paul Krugman on Sunday continued his campaign to get Barack Obama reelected by misinforming the public about the economy.

Appearing on CNN's Fareed Zakaria GPS, the Nobel laureate falsely claimed Republican presidential candidate Mitt Romney wants to enact Greece's failed economic policies here in America (video follows with transcript and commentary):

I have a serious question for MSNBC's Chris Matthews: How many lies are you willing to tell on national television to get Barack Obama reelected?

On Friday's Hardball, the host gave viewers a plethora of falsehoods and half-truths to giving us an idea of just how far he's prepared to go this election cycle to make sure the objection of his affection remains in the White House (video follows with transcript and commentary):

Greece is the perfect example of the eventual outcome of unchecked spending – especially as it creeps closer and closer to defaulting on its massive debts, despite multiple government bailouts in May 2011. One recent BBC News headline warned: “Greece: ‘Default within the euro is possible’.”

But, looking back, some journalists predicted the opposite: that the Greek economy would survive because of government bailouts. Huge fan of government-deficit spending, Paul Krugman, has been writing about Greece a lot, arguing that its trouble is proof that austerity doesn’t work.

Fresh off his humiliating defeat on Jeopardy! Monday night, MSNBC's Chris Matthews actually introduced a pair of guests Tuesday as "two of the most smartest people."

Almost as funny, "two of the most smartest people" in the Hardball host's opinion are Congressman Barney Frank (D-Mass.) and former Clinton labor secretary Robert Reich (video follows with transcript and commentary):

On Monday's CBS This Morning, Charlie Rose and Erica Hill touted Massachusetts Democrat Elizabeth Warren's past time as "the government's chief watchdog during the 2008 bank bailout" as she was brought on to discuss JP Morgan Chase's $2 billion loss. Rose and Hill asked all of their questions from the left, and completely ommited any mention of the recent controversy over Warren's claim of Native American ancestry.

The anchor set up the Senate candidate to push for more regulations on banks without rebuttal: "It's appropriate to have some government oversight, and notwithstanding the fact that we're just coming out of this huge crisis." Hill even wondered if the banks themselves "should be broken up into smaller entities."

CNN's Fareed Zakaria asked a question this weekend guaranteed to raise some eyebrows not only on both sides of the aisle but also on both sides of the Atlantic.

On the program bearing his name, Zakaria amazingly asked Sunday if the economic problems in Europe are caused by democracy and not austerity (video follows with transcript and commentary):

The Obama Palace Guard is waging a losing battle to suppress the truth in a new ad from Americans for Prosperity, which explains how more than $2 billion in “stimulus” money went to foreign companies.

The “Wasteful Spending” ad, airing in 8 states with a media buy of $6.1 million, has also drawn criticism from the self-styled arbiters of political truth at the Washington Post.

You can imagine why: Obama promised the “stimulus” would “create or save” millions of American jobs, but with election day now less than six months away and millions more Americans jobless than before Obama took office, an ad questioning why Obama sent tax dollars to foreign companies really undermines the  campaign's efforts to distract people.

Last August, Politico revealed that the Obama campaign intended to make Republican presidential candidate Mitt Romney "a sort of political Gordon Gekko" if he won the nomination.

Right out of that playbook, MSNBC's Chris Matthews on Monday compared Romney to the financial villain of the '80s movie classic "Wall Street" (video follows with transcript and commentary):

Google Chairman Eric Schmidt gave a much-needed economics lesson to New York Times columnist and Nobel laureate Paul Krugman on ABC's This Week Sunday.

During a lengthy discussion about liberal and conservative views on how to stimulate the currently soft recovery, Schmidt - a known Barack Obama supporter - marvelously said to his left-leaning co-panelist, "Surely you're not arguing that the government should hire all the unemployed people" (video follows with transcript and commentary):

A truly shocking thing happened on CNN's Fareed Zakaria GPS Sunday.

The perilously liberal host - with journalistically corrupt ties to the current White House - came out against the millionaires' tax known as the Buffett Rule calling it "bad politics in the long run for Obama" (video follows with transcript and commentary):

For over a year, the Left and their media minions have dishonestly claimed Congressman Paul Ryan's (R-Wisc.) proposed budgets would "end Medicare as we know it."

At the end of a discussion about Monday's report from the Medicare trustees predicting the program goes bankrupt in 2024, Special Report host Bret Baier got NPR's Mara Liasson to admit Medicare will end as we know it even if Congress doesn't pass the Ryan plan (video follows with transcript and commentary):

It has become clear what the Obama campaign's strategy for trying to win states like Michigan and Ohio is and will continue to be. In three steps, it's as follows: 1) Pretend that the states' Republican governors, John Kasich in Ohio and Rick Snyder in Michigan, who both succeeded free-spending Democrats who presided over stagnant economies, have had nothing to do with their increased employment, lower unemployment rates, and improved business climates (as well as balanced budgets in fiscal 2012 involving no tax increases, though Snyder may ruin that in Michigan this year); 2) Instead give the credit for all of these favorable developments to Obama and the governments' bailouts of Chrysler and General Motors; 3) Don't say anything about how other states run by Dems, particularly Illinois, North Carolina, and Connecticut, are lagging because they have instead tried to apply Washington's tax-and-spend model to their states' fiscal situations.

Of course the AP, aka the Adminisitration's Press, is all too willing to make the administration's laughable claims appear credible. It did so in two separate items this week, one giving basic details about the job-market situations in Ohio, Michigan, and North Carolina, and the other covering Obama allegedly improving chances of winning Ohio, Michigan, and a dozen other "swing" states. There was no mention of the Buckeye State's or Wolverine State's chief executives in either article.

Have the executives running MSNBC informed their employees that it's completely acceptable to lie on the air if it helps President Obama win reelection this November?

On Thursday, Martin Bashir flat out lied to make the case to his audience that Republican presidential candidate Mitt Romney is going to hell for supposedly lying when he says the current White House resident promised unemployment would not rise above eight percent if his stimulus package was enacted (video follows with transcript and commentary):

There was a truly delicious moment on ABC's This Week Sunday that should be mandatory viewing for all liberal media members.

After the perilously liberal editor of The Nation magazine, along with Obama's former domestic policy adviser, blamed all the nation's problems on Republican obstruction in Congress, the Wall Street Journal's Paul Gigot struck back saying, "The first two years [Obama] had open field, Democratic, vast Democratic majorities. You got what you wanted. You got a huge expansion of federal government. How is that working out?" (video follows with transcript and commentary):

Well, the Associated Press, aka the Administration's Press, apparently has Missouri Democratic Congressman and Congressional Black Caucus Chairman Emanuel Cleaver's back. As of 2:40 p.m., there is no national story relevant to Cleaver's unpaid $1 million-plus loan at the wire service's national site, even though information published by the Kansas City Star late Friday evening (interesting timing; HT to KC Star's David Helling, who later informed me that the story made Page A-1 of the Star's Saturday print edition, while the original received the same placement on Friday) indicates that taxpayers could be out up to $1.1 million because the Small Business Administration-backed a loan to Cleaver's car wash business back in 2002 which is has been seriously delinquent for years. The Bank has sued for repayment.

There is an unbylined local AP story which appears to have been published shortly after midnight on Monday (shown in full because of its brevity and for fair use and discussion purposes):

National Review's Reihan Salam on Sunday proved once again that liberal media members no matter what their number are no match for one well-informed conservative.

On CNN's Fareed Zakaria GPS, Salam took on the host, Time magazine's Joe Klein, and the Nation's Katrina Vanden Heuvel on a far-ranging discussion about how both sides of the aisle view taxes, the Tea Party, and social change with the conservative ending up looking like the only knowledgeable person in the room (video follows with transcript and commentary):

On Tuesday's CBS This Morning, Charlie Rose lobbed a series of questions from the left at Republican Congressman Paul Ryan. Rose wondered if the recent trend towards social issues in the Republican presidential race was "troubling." The Wisconsin Republican replied, "It's not troubling for me, and...I think that's more about the media, and maybe the Democrats, who are trying to move it in that direction."

The anchor also touted the auto bailout as an Obama administration success: "The bailout- should that be an issue, and should the voters look at Governor Romney and Governor Santorum [sic] and say, we had an economic bail-out of the auto companies and look what happened? Profits are up, and they're both doing well." Rose later asked Ryan if he thought that the apparently better economic numbers was "good news for President Obama" [audio available here; video below the jump].