Stimulus

ABC’s Bill Weir: Voters Sent Senator Landrieu to Washington to ‘Get as Much Sausage’ as Possible

Good Morning America’s Bill Weir on Sunday defended the $300 million in pork that Senator Mary Landrieu acquired for her state, spinning, "The people of Louisiana sent her to Washington to get as much sausage as they could, you know, she could."

Landrieu provided the 60th vote on Saturday to bring the Senate’s health care bill up for debate. In return, millions in new funding will go to Louisiana. Guest George Stephanopoulos touted the money as a real bargain: "But I think Democrats are saying it's a pretty cheap vote. $300 million. Without Senator Landrieu's vote yesterday, this bill would have died, would have been very difficult to put it back together."

It didn’t seem to occur to either Stephanopoulos or Weir that one job of a senator might be to not waste millions in taxpayer money.

Fox News Credits the MRC for Exposing Lack of Media Coverage in Fake District Scandal

On Saturday, Fox News analyst Jim Pinkerton credited the Media Research Center for highlighting the lack of media outrage over the Obama administration’s fake congressional district scandal. After referencing the revelation that the Recovery.gov website claimed thousands of jobs had been saved in districts that don’t exist, Pinkerton suggested, "They [Obama officials] were embarrassed, but as the Media Research Center pointed out, the morning shows gave the story exactly 21 seconds."

Pinkerton was referencing a November 17 NewsBusters blog which noted that Tuesday’s Early Show on CBS and NBC’s Today show completely skipped the developing story. ABC’s Good Morning America devoted just 21 seconds to the topic. On Saturday’s Fox News Watch, Pinkerton concluded, "So, no, [the Obama administration will] get over it, because the media aren't going to turn this into another Watergate."

Times Shills for Second Stimulus, Ignores Widespread Fraud in First

A "new consensus" has emerged on the success of the economic stimulus package, according to a New York Times headline. In touting the supposed success of the legislation, and hinting at support for another round of spending, the Times neglected to mention the widespread fraud that characterizes the administration's attempt at shoring up the economy.

As reported by P.J. Gladnick on Saturday, the Times made sure to attribute its claims to "dispassionate analysts," and asserted that the stimulus is "helping an economy in free fall a year ago to grow again and shed fewer jobs than it otherwise would." Gladnick thoroughly debunked this claim, and others, in his NB post.

In a further show of bias, the Times article makes no mention of the 76,779 jobs that were not actually "saved or created" by the package, but were added to the number touted by the administration (interactive map embedded below the fold - h/t Examiner's Freddoso, Spiering, and Hemingway). Given that this number is roughly 12 percent of the 640,000 jobs the administration claims to have "saved or created," it might merit a mention in the Times's story.

NYT: New Consensus Sees Stimulus Package as Working

Once I built a railroad, I made it run, made it race against time.
Once I built a railroad; now it's done. Brother, can you spare a dime?
Once I built a tower, up to the sun, brick, and rivet, and lime;
Once I built a tower, now it's done. Brother, can you spare a dime?

Forget about the Great Recession. Pay no heed to home foreclosures. Ignore double digit unemployment.

The stimulus package is working! That is thrust of a New York Times article written from the alternate economic universe. Here is the happy face appraisal of the stimulus package presented by Times writers Jackie Calmes and Michael Cooper who counter the criticism of that program with this gem:

But with roughly a quarter of the stimulus money out the door after nine months, the accumulation of hard data and real-life experience has allowed more dispassionate analysts to reach a consensus that the stimulus package, messy as it is, is working.

WaPo Buries Faulty GAO Data Story on Page A22; No Mention of Fake Congressional Districts

In what could easily be labeled the understatement of the week and probably of the entire month of November, the Washington Post today headlined a page A22 story today "GAO warns stimulus jobs data could contain inaccuracies."

The print story is accompanied by a screenshot of Recovery.gov, which the caption beneath it notes "is the government's stimulus-tracking Web site."

Of course, the biggest inaccuracies recently observed on Recovery.gov are non-existent congressional districts purported to have been "saved or created" jobs thanks to stimulus pork sent their way. Yet Post staffer Ed O'Keefe was careful to keep that juiciest tidbit out of his entire 10-paragraph November 19 story.

As Michelle Groat of Examiner.com noted Wednesday:

Morning Shows Devote a Combined 21 Seconds to Controversy of Job Creation in Fake Congressional Districts

NBC and CBS’s morning shows on Tuesday completely ignored the revelation that the Obama administration’s Recovery.gov website claims to have saved or created jobs in congressional districts that don’t exist. ABC’s Good Morning America devoted 21 seconds to the developing story.

On ABCNews.com, Jonathan Karl wrote, "In Arizona's 15th congressional district, 30 jobs have been saved or created with just $761,420 in federal stimulus spending." There is no 15th congressional district in Arizona. On Monday night’s World News, the network did manage a full report by Karl. He elaborated, "And it lists $34 million spent in Arizona's 86th district. That district doesn't exist either. In fact, in virtually every state, the website lists millions of dollars spent and hundreds of jobs created in fictional congressional districts."

'We're Going to Have to Have More Stimulus, More Spending,' Donaldson Contends

With the unemployment rate soaring in 10.2 percent in Friday's report on October, two old hands in the Washington press corps appeared on Sunday morning shows where they asserted that means we need another stimulus bill and/or the problem is the current “stimulus” bill wasn't big enough. On This Week, ABC News vet Sam Donaldson maintained “we're going to have to have more stimulus, more spending.”

Over on NBC's Meet the Press, Washington Post columnist E.J. Dionne, a former Washington correspondent for the New York Times before covering politics for the Post, complained: “The problem is the stimulus was too small, and they compromised it down and so you had less effect. I mean, the fact is these numbers would be a lot worse without the stimulus.”

Donaldson contended:

Oops -- Cramer's October 12 Unemployment Prediction: 'We Are Not Going to Reach 10 Percent'

Drinking the Kool-Aid on MSNBC wasn't enough, even for CNBC's Jim Cramer, to escape the reality that Obamanomics isn't working.

Back on October 12, Cramer, to his credit, knew there were some problems with the $787-billion stimulus passed earlier this year. However, he felt it was necessary to pledge his admiration for President Barack Obama, Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke. But, Matthews asked Cramer if there would be something tangible to back up that praise.

"OK - let me ask you the question," Matthews said on MSNBC's Oct. 12 "Hardball." "Let's talk about how we keep score in electoral politics, that's how we keep score. Between now and next summer, when people begin to decide how they're going to vote in next year's election, will the employment rate be coming down by then?"

Unemployment Surges to 10.2 Percent, CNN Asks About Second Stimulus

President Obama lobbied for government stimulus almost as soon as he took office. In order to gain passage of that $787 billion spending spree, Obama warned of economic "catastrophe" including double-digit unemployment.

Roughly 9 months later, we now have proof that those billions of taxpayer dollars spent didn't stop the unemployment rate from soaring to 10.2 percent. Still, that failure didn't prevent one CNN anchor from asking if a second stimulus might be needed.

CNN business correspondent Christine Romans announced the latest jobs numbers on Nov. 6 during "American Morning. She said, "The unemployment rate is 10.2 percent. It is worse than economists had been expecting - 10.2 percent - we have hit double-digits on the unemployment rate now and this is the highest since the early 1980s. The number of jobs lost: 190,000 jobs lost in the month. That is a little worse than we had thought."

Following Romans' report, CNN anchors John Roberts and Kiran Chetry consulted author William Cohan, a contributor to The DailyBeast.com and Bloomberg, and Diane Brady, senior editor of BusinessWeek magazine. Both guests were concerned about the rising rate of unemployment and Cohan said he didn't see "anything optimistic about these numbers."

Obama administration officials said that with a stimulus package unemployment wouldn't rise above 8 percent, but neither anchor pointed out that failure of the massive spending package.

White House's Media Attacks Part of a Troubling Trend

The White House is taking it upon itself to police the news media. The trend started of course with the Fox News Channel, but the administration has moved on to bash other organizations, most recently the Associated Press and car site Edmunds.com.  It seems to believe that any criticism of its policies is worth attacking.

The White House claims, in the words of Valerie Jarret, that it will go after any organization that "spreads false news." But the attacks suggest that the administration will take on any outlet that challenges claims designed to further its agenda.

Edmunds calculated the number of cars purchased during the Cash for Clunkers program that would have been purchased without the rebates. The site determined that C4C had incentivized the purchases of only 125,000 automobiles, meaning taxpayers paid $24,000 per car purchase under the program.

Kudlow, Santelli: Dollar Devaluation Creating 'Façade' Bush/Obama Interventionist Economic Policies Are Working

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."

CBS Says White House Is Fudging Stimulus Jobs Numbers

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):

AP Waters Down Impact of Romer's 'Stimulus Has Had Biggest Impact' Remark, Ignores Other Howlers

APabsolutelyPathetic0109It would appear that the Apparatchik Press -- er, the Associated Press -- thinks that part of its job is to soften the impact of embarrassing admissions made by Obama administration members.

Take the wire service's Thursday afternoon AP report by Jim Kuhnhenn on Council of Economic Advisers' chair Christine Romer's observations about the stimulus package. Romer said (in AP's words) that "the government's economic stimulus spending has already had its biggest impact," and will (in Romer's words) "likely be contributing little to further growth by the middle of next year."

As you'll see shortly, AP's headline doesn't reflect what Romer said. Additionally, Kuhnhenn allowed Romer to mischaracterize the economy's performance in the second quarter without challenging it, and saved the big news -- yet another administration official admitting that unemployment will stay near double digit through the end of next year -- for his eighth paragraph.

Here's a graphic capture of Kuhnhenn's first eight paragraphs, posted for fair use and discussion purposes:

MSNBC: Al Sharpton, Jesse Jackson, What’s the Difference?

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.”

Media Campaigning for Second Stimulus Package

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:

Chris Matthews Rude Awakening: $787-Billion Stimulus 'A Big Grab Bag of Stuff'’

It's an odd natural occurrence when you put MSNBC "Hardball" host Chris Matthews and CNBC "Mad Money" host Jim Cramer together, but when it happens they seem to draw some obvious conclusions - albeit nearly 10 months too late. 

Back in January, Cramer appeared on Matthews' show. They both expressed their concern over the $787-billion stimulus, which eventually passed and asked if it really was stimulative. When the duo appeared together again on Oct. 12, they concluded it wasn't. Cramer was on "Hardball" to promote his new book, "Jim Cramer's Getting Back to Even."

Matthews observed that the stimulus bill passed in January simply wasn't getting the job done.

Daily Beast's Blumenthal Catches Ratigan Flu, Shouts Down Scarborough on 'Morning Joe'

It isn't often that one can see two decades of history re-written in under ten minutes.  But such was the occasion on this morning's episode of Morning Joe. Max Blumenthal, author of "Republican Gomorrah: Inside the Movement that Shattered the Party," spent his time on the show demonstrating the combined power of cognitive dissonance, wanton ignorance, and a willingness to re-write historical fact.

Let's take it in chronological order, shall we?

First, Blumenthal is asked to present the major thesis of his book:

MSNBC’s Schultz Blames 'Right-Wing Talkers' for Obama Olympic Defeat; Compares GOP to Hanoi Jane

It was bound to happen.

Although some in the liberal media were all too eager to point out instances where some are celebrating President Barack Obama's "epic fail" in the media, it was just a matter of time before conservatives and Republicans got the blame for the President's inability to secure the 2016 Olympics for Chicago.

Enter MSNBC's Ed Schultz. During his Oct. 2 MSNBC show, the liberal host launched into a rant blaming the Republican Party and went as far as comparing the party to the anti-American antics put on by Jane Fonda during the Vietnam War. (audio available here)

Reich Laughed At For Saying Stimulus 'Keeping People Employed'

Former Clinton Labor Secretary and current Obama economic advisor Robert Reich was laughed at Friday for claiming "the stimulus package is the thing that is actually keeping the economy up, keeping people employed."

In a discussion on CNBC about the larger than expected September job losses reported Friday by the Labor Department, Reich was explaining to hosts Melissa Francis and Lawrence Kudlow how things would be much worse if not for the stimulus package.

He also implied that things won't get better until healthcare is reformed.

In the middle of this absolutely absurd statement, Francis and Kudlow appeared to look at each other with the former breaking out into laughter and the latter doing his best to hold it back (video embedded below the fold):

BMI’s Seymour: Networks Coverage of Unemployment ‘13 Times More Negative to President Reagan than to Obama’

BMI's Julia A. Seymour appeared on today's Fox Business Live with Stuart Varney to discuss the discrepancy in media coverage of unemployment under Presidents Reagan and Obama.

Author of BMI's latest study, "Networks Flip-Flop on Jobs," Seymour explained her findings:

We looked specifically at seven months of coverage in 1982 and again in 2009 that had very similar periods of unemployment where it was going up between 8 - between 8 and the high 9 percent range. And what we found was that the network reporting on ABC, NBC and CBS was overwhelmingly negative to Reagan but positive toward Obama. They were actually 13 times more negative to President Reagan than they were to Obama.