Bailouts

It often amazes that liberals in this country revere New York Times columnist Paul Krugman as being an expert economist.

Take for example Friday's intellectually challenged piece entitled "Bernanke's Perry Problem" in which the Nobel laureate accused prominent Republicans such as the Texas governor and Wisconsin Congressman Paul Ryan of preventing the Federal Reserve chairman from enacting monetary policy that would save the economy:

Economist Ben Stein had some harsh words for Republican presidential candidate Rick Perry on "CBS Sunday Morning."

Responding to comments the Texas governor made earlier in the week concerning Federal Reserve Chairman Ben Bernanke, Stein said, "I hope he'll get some moderation in his speech, and some lessons in economics, and soon" (video follows with transcript and commentary):

As government spending supporters in the media press for a new, bolder stimulus plan to get the economy going, they love to refer to the Depression Era Hoover Dam as a shining moment in Keynesian economics.

When this surfaced on ABC's "This Week" Sunday, George Will marvelously noted, "You couldn't build the Hoover Dam today because they'd discover a snail darter in the Colorado River and would stop it" (video follows with transcript and commentary):

As NewsBusters has been reporting, the Obama-loving media have largely been gushing and fawning over the current White House resident taking a vacation on Martha's Vineyard as the economy appears to be heading into a double-dip recession.

Giving an interesting insight into the President's decision to not call Congress back from its summer break to tackle the problems facing the nation was New York Times columnist Maureen Dowd who wrote Sunday:

Sometimes I wonder how liberal media members could possibly live in the same country as I do and hold such startlingly absurd ideas about it.

Take for example Fareed Zakaria who on the CNN program bearing his name this Sunday is going to tell viewers that America would likely still have a AAA credit rating if we had a parliamentary system of government with a prime minister rather than a president (video follows with transcript and commentary):

Stock markets around the world are once again imploding in fear of a global double-dip recession.

Appearing on PBS's "Inside Washington" Friday, NPR's Nina Totenberg said Barack Obama can cure what ails us with "a lot of very populist rhetoric" (video follows with transcript and commentary):

Liberals need to grow up and stop criticizing President Obama.

So said Fareed Zakaria Sunday on the CNN program bearing his name (video follows with transcript and commentary):

It appears David Gregory is a bit confused about how our system of government works.

During intense questioning of Congresswoman Michele Bachmann (R-Minn.) on Sunday's "Meet the Press," the host scolded his guest for having the nerve to actually care what the American people thought about raising the debt ceiling (video follows with transcript and commentary):

Oh those whacky liberals.

On Sunday's "Fareed Zakaria GPS," New York Times columnist - and, ahem, Nobel laureate - Paul Krugman actually advocated space aliens attack earth thereby requiring a massive defense buildup by the United States that would stimulate the economy (video follows with transcript and commentary):

"I must confess that every time Representative Michele Bachmann uttered the phrase 'as president of the United States' during Thursday's Republican presidential debate I blacked out a little bit, so I'm sure that I missed some things."

So actually began a piece by New York Times columnist Charles Blow Saturday:

In the view of the New York Times, everything that ails our nation is caused by Republicans.

Consider Saturday's editorial disgracefully titled "Magical Unrealism: In the Iowa Debate, Republicans Fled From the Truth About the Damage Caused by Their Party":

CNN's Christine Romans and Ali Velshi tried to argue that no evidence exists linking tax cuts to job creation while interviewing Sen. Pat Toomey (R-Pa.) Thursday, on America's deficit problem.

The financial gurus challenged Toomey's conservative point that tax hikes should be off the table as a revenue increase, because they would hurt the economy. "So, where is the evidence that not cutting taxes creates jobs?" Ali Velshi asked. "We haven't seen it."

[Video below the break.]

For some reason, in the middle of a lengthy "Morning Joe" segment dealing with President Obama's obvious failures as a leader, host Joe Scarborough on Thursday felt the need to bring up conservative talk radio host Rush Limbaugh (video follows with transcript and commentary):

Obama advisers, Democrat senators, and terminally stupid ideologues that for days have blamed Standard and Poor's downgrade of America's debt on the Tea Party are sadly mistaken.

Next to the President of the United States and his Party, those really responsible are members of the media.

Obama advisers, Democrat senators, and terminally stupid ideologues that have been for almost two days blaming Standard and Poor's downgrade of America's debt on the Tea Party have all been ignoring a very inconvenient truth.

According to MSNBC's Lawrence O'Donnell, "Last week's vote for a debt ceiling increase was the most bipartisan vote to increase the debt ceiling we have seen in a very, very long time" (video follows with transcript and commentary):

For over 24 hours, Obama advisers, Democrat senators, and terminally stupid ideologues in the media have been blaming Standard and Poor's downgrade of America's debt on the Tea Party.

On Monday, one of the only sane voices in the mainstream media stood up and said, "If it wasn't for the Tea Party, they would have passed the debt ceiling thumbs up, we would have been rated BBB" (video follows with transcript and commentary):

As NewsBusters reported Sunday, Senator John Kerry (D-Mass.) set off a liberal firestorm when he called Standard and Poor's U.S. credit rating change the "Tea Party Downgrade."

On Monday's "Morning Joe," host Joe Scarborough told "terminally stupid ideologues" that "really don't understand" anything because they're "so dogmatic [they] can't think for [themselves]" to "stop using the Tea Party as a piñata" (video follows with transcript and commentary):

John Kerry's claim on Sunday's "Meet the Press" that Standard and Poor's U.S. credit rating decision Friday is a "Tea Party Downgrade" is already catching on in liberal circles.

The far-left MoveOn.org has taken it on as a rallying cry:

As NewsBusters previously reported, MSNBC's Rachel Maddow was rewarded for lying about Rush Limbaugh on her program Thursday by getting a guest appearance on Sunday's "Meet the Press."

The top brass at NBC should be pleased with their decision for Maddow proceeded to thoroughly misrepresent the reasons Standard and Poor's gave for downgrading America's debt Friday (video follows with transcript and commentary):

Want to know just how scared of the Tea Party America's media are?

On Sunday, the Chicago Tribune's Clarence Page published a column entitled "Is The Tea Party Over?":

UPDATE AT END OF POST: AOL HuffPo responds.

Joining our growing list of media members willing to flat out lie on national television to advance their political agendas is Arianna Huffington who falsely claimed this week that securities firm JPMorgan warned its clients the debt ceiling agreement "is going to reduce our growth by a point-and-a-half."

Such was dishonestly said during a segment of CNN's "Fareed Zakaria GPS" aired Sunday (video follows with transcript and commentary):

MSNBC's Al Sharpton on Friday was being tremendously rude and dismissive to his guest the always well-mannered Tony Blankley.

So discourteous was Sharpton that at the end of the discussion, Blankley sarcastically said, "You are a very polite gentleman" (video follows with transcript and commentary):

As the prospects for Barack Obama's reelection decline, American media are getting more and more cavalier with the truth when defending the object of their affection.

On Friday, MSNBC political analyst Richard Wolffe not only lied about the adminstration's projection that unemployment wouldn't rise above eight percent if its stimulus package was enacted, he also badly misrepresented the timing of job losses during the recession (video follows with transcript and commentary):

"[I]t's difficult to escape the conclusion that America's credit rating was intentionally sabotaged by Congressional Republicans."

So wrote Yahoo Finance economics editor Daniel Gross Friday evening:

Ever the dutiful Obama shills, the New York Times on Saturday downplayed the seriousness of the announcement by Standard and Poor's that it had downgraded America's debt rating to AA+.

As you read this, imagine how this front page article would have differed if a Republican was in the White House:

Christina Romer, the former chair of Obama's Council of Economic Advisers on Friday offered a rather strong opinion concerning the announcement by Standard & Poor's that the credit rating agency downgraded America's debt to AA+.

Appearing on HBO's "Real Time," Romer said we're "pretty darn f--ked" (video follows with transcript and commentary):

For the second week in a row, Bloomberg's Margaret Carlson got a much-needed education from Charles Krauthammer on PBS's "Inside Washington."

After Carlson gave the typical Keynesian response to Friday's unemployment report - "We’re cutting spending at a time when we should be adding spending to stimulate the economy and jobs" - Krauthammer without skipping a beat quipped, "The way it worked in ’09 and in ’10" (video follows with transcript and commentary):

Last week, New York Times columnist Paul Krugman said conservative views about the debt ceiling should be censored from news reports.

On Friday's "Morning Joe," Senator John Kerry (D-Mass.) took this a step further calling on media to stop giving "equal time or equal balance" to Tea Party ideas that people like him consider "absurd" and "not factual" (video follows with transcript and commentary):

New York Times columnist Paul Krugman is not happy with the deal Congress and the President apparently have agreed upon to end the debt ceiling impasse.

In his Monday piece, the Nobel laureate wrote, "[T]hose demanding spending cuts now are like medieval doctors who treated the sick by bleeding them":