MSNBC's Mika Brzezinski asked the co-host of "Morning Joe" Monday if Republicans holding the line on the debt ceiling are "so stuck to their little contract and the Tea Party that they cannot even think outside the box for the good of the country."
Somewhat less surprising, Joe Scarborough gave a pretty good answer (video follows with transcript and commentary):
Chris Matthews on Wednesday gave a lesson on utterly shameless fear-mongering.
In the final segment of MSNBC's "Hardball," the host said, "Failure to act on the debt ceiling will create a horror for our country, a horror we’ve never seen before" (video follows with transcript and commentary):
It is truly fascinating how liberal media members will do anything to protect the reputation of Fannie Mae and Freddie Mac.
On this weekend's "McLaughlin Group," Newsweek's Eleanor Clift revised history to largely absolve the two government-sponsored enterprises for last decade's mortgage collapse while predictably blaming it on Wall Street and of course George W. Bush (video follows with transcript and commentary):
David Gregory decided to have a very fair and balanced roundtable discussion at the conclusion of Sunday's "Meet the Press" exclusively with the perilously liberal Washington Post columnist Eugene Robinson and the equally left-leaning Chuck Todd of NBC News.
With the subject being Newsweek's new cover story about former Alaska governor Sarah Palin, Todd mysteriously made the case for how slim her chances of winning the GOP presidential nomination were by claiming, "Rush Limbaugh is an incredibly influential figure in the Republican Party, and he could never win the Republican nomination" (video follows with transcript and commentary):
Bob Woodward thinks the world doesn't hold the United States in very high regard anymore.
Appearing on the syndicated "Chris Matthews Show" this weekend, the Washington Post's most recognizable journalist said, "I’m not sure the United States has been looked at as the grown-up nation for a long time...You travel around the world a little bit, and, and there’s, there’s not even tough love for the United States" (video follows with transcript and commentary):
The New York Times on Friday once again proved itself to have absolutely no clue how budgets work.
In its editorial "Negotiating the Debt Ceiling on a Knife's Edge," the Times - like so many other math-challenged "news" organizations in America today - blamed the current debt ceiling woes on the Bush tax cuts and Republican refusal to raise revenues:
Reuters on Thursday issued what it called an "exclusive" report about the Treasury department "secretly" weighing options to avert a default if the debt ceiling isn't raised by August 2nd.
In the piece, the authors shared with readers the amount of tax revenue Treasury projects it will collect in August as well as projected Social Security payments, but conspicuously ignored what the department expects to pay in interest costs on the federal debt:
With a month to go before the next supposedly "drop dead date" regarding the nation's debt ceiling, liberal media members are out in force with hysterical claims about the world ending if Congress isn't free to spend more money it doesn't have.
Ever the faithful shill, New York Times columnist Paul Krugman did his part Friday cautioning that any spending cuts at this time "would destroy hundreds of thousands and quite possibly millions of jobs":
Jon Stewart Wednesday finally stopped responding to the aftermath of his performance on "Fox News Sunday" and tried to make amends with a somewhat bipartisan segment bashing the President for his budget solutions as well as both parties for not getting anything done.
Toward the end of the opening "Daily Show" sketch, after a video clip of Senate Majority Leader Harry Reid saying, "My Republican friends seem to be living in a fantasy world," Stewart smartly quipped, "If they were living in a fantasy world, would you still exist?" (video follows with transcript and commentary):
Chris Matthews Tuesday once again showed that his tenuous grasp of reality is getting dangerously weak.
During the final segment of "Hardball," the host unequivocally blamed the 2007 financial crisis and resulting recession on George W. Bush just moments before he said, "Okay, Obama hasn't been able to get us out of it yet, but...there’s no sense blaming one Party or the other" (video follows with transcript and commentary):
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):
Newsweek's Evan Thomas on Friday tried to float the typical media meme that neither Party is doing anything to solve our nation's budget crisis.
Unfortunately for him, fellow "Inside Washington" panelist Charles Krauthammer accurately noted that the Republicans have offered a proposal to cut $6.6 trillion in the next ten years, "but the Democrats have done nothing except to demagogue the plan and to destroy it" (video follows with transcript and commentary):
Christy Romero, the acting Special Inspector General for the TARP bank bailout program, told the House Financial Services Committee on Tuesday that the Dodd-Frank financial regulatory law may not end the “too big to fail” policy and the moral hazard surrounding it.
Testifying before the House Financial Services Committee’s Financial Institutions and Consumer Credit Subcommittee, Romero said that as far as the market is concerned, too big to fail is not dead.
CNN's Eliot Spitzer arrogantly lectured about the benefits of Keynesian economics Sunday while accusing fellow panelists on "Fareed Zakaria GPS" of not knowing what they were talking about because they weren't business owners.
This led British historian Andrew Roberts to point out that President Obama's administration are mostly academics, and Ann Coulter to ask Spitzer, "What business have you ran? You’re a governor" (video follows with transcript and commentary):
Early Tuesday morning, David Shepardson and Christina Rogers at the Detroit News ("GM's Akerson pushing for higher gas taxes") reported that General/Multi-Government Motors CEO Dan Akerson "wants the federal gas tax boosted as much as $1 a gallon to nudge consumers toward more fuel-efficient cars."
Later in the interview, Akerson was much more emphatic about what he would like to see done immediately:
"You know what I'd rather have them do — this will make my Republican friends puke — as gas is going to go down here now, we ought to just slap a 50-cent or a dollar tax on a gallon of gas," Akerson said.
The educated guess here is that Washington Post fact checker Glenn Kessler is currently not the most popular person in the White House.
On Saturday, in a relatively rare rebuke originating from what G. Gordon Liddy has mockingly derided as "Washington's quaint little alternative newspaper" (daily circulation 741,000 in March 2005, 551,000 in March 2011), Kessler ripped into the President's claims about the auto bailout, giving him "Three Pinocchios," which in his ratings system means "Significant factual error(s) and/or obvious contradictions." Kessler found "weasel words," a "misleading figure" (actually, more), and (imagine that) a straw man.
Here are selected paragraphs from Kessler's KO (bolds are mine; internal link was in original):
... What we found is one of the most misleading collections of assertions we have seen in a short presidential speech. Virtually every claim by the president regarding the auto industry needs an asterisk, just like the fine print in that too-good-to-be-true car loan.
CBS's Erica Hill hounded newly-announced Republican presidential candidate Mitt Romney on Friday's Early Show about his 2008 proposal to allow the Big Three auto companies to go into bankruptcy proceedings instead of bailing them out: "Based on what we've seen in the auto industry, weren't you wrong in this case?" By contrast, her co-anchor, Chris Wragge, went easier on DNC Chair Debbie Wasserman Schultz.
Hill interviewed Romney just after the top of the 8 am Eastern hour. After an initial question about his 2008 Republican primary loss to Senator John McCain, the CBS anchor raised the former Massachusetts governor's two-plus-year-old proposal and, like her colleague Dean Reynolds did earlier in the broadcast, touted the apparent success of the Obama administration's bailout of Detroit:
NewsBusters readers are well aware that we like to point out when arrogant, pompous, holier-than-thou liberals make completely false statements on the air and in print.
Bill Maher marvelously did so on HBO's "Real Time" Friday claiming that the Bush tax cuts have so far given a total of $2.8 trillion to the richest one percent of Americans (video follows with transcript and commentary):
An otherwise straightforward report on bad economic news on Friday's NBC Today cited economist Diane Swonk, who argued government stimulus prevented things from getting worse: "We basically had a massive coronary during the financial crisis....Financial stimulus and monetary stimulus, you know, got us to the stage where we're healing but we're in still in a lot of rehab."
Correspondent Tom Costello set up the sound bite by declaring: "To get things moving, the government has already cut payroll taxes while the Fed has pumped in $600 billion of stimulus money." He lamented: "But more government spending is unlikely given the political battle over the debt ceiling in Washington."
On Friday's Early Show, before the new 9.1% unemployment figure came out, CBS's Dean Reynolds bewailed how President Obama is being "saddled" by the "stubbornly sluggish economy." Reynolds played up how "GM, Ford, and Chrysler have all returned to profitability," and tracked down a beneficiary of the auto industry bailout, who sang the praises of the Democrat.
[Audio clips from Reynolds's report available here; video available below the jump]