Senate Democrats on Saturday narrowly passed their first budget in four years.
Appearing on PBS's Inside Washington Friday before the vote, syndicated columnist Charles Krauthammer called it "the most appalling document you have ever seen" claiming, "It marches us off a cliff into Greece and perhaps into Cyprus" (video follows with transcript and absolutely no need for additional commentary):
While you were watching Rand Paul's historic filibuster and the debate surrounding budget sequestration, an economic theory battle was waging between two of the nation's foremost liberal economists Paul Krugman and Jeffrey Sachs.
In his most recent salvo published at the Huffington Post Saturday, Sachs spoke heresy to Obama-lovers across the fruited plain including Krugman claiming that following the 2008 financial crisis, "It was the Fed, not the fiscal stimulus, which prevented a fall into depression."
As NewsBusters reported earlier, New York Times columnist Paul Krugman and MSNBC's Joe Scarborough had quite a heated discussion about the budget, debt, and the economy on PBS's Charlie Rose Monday evening.
Near its conclusion, Scarborough actually scolded Krugman for pompously behaving like a sighing Al Gore (video follows with transcript and commentary):
New York Times columnist Paul Krugman and MSNBC's Joe Scarborough had an at times heated discussion about budget deficits, debt, and the economy on PBS's Charlie Rose Monday evening.
At one point Krugman got so rattled by the facts that he actually said Scarborough quoting what he had said in the past was making an ad hominem attack against him (video follows with transcript and commentary):
For conservatives, it's been truly delicious the past few weeks watching previously devote Obamaites break ranks with their colleagues to finally tell the world that the emperor has no clothes.
A fine example Monday was the perilously liberal economist and media darling Jeffrey Sachs who published an article at the Huffington Post with the headline "How Obama's Politics Led to Sequestration":
It’s certainly clear to Jay Leno that the Obama administration is fearmongering the budget sequester.
On NBC’s Tonight Show Thursday, Leno played a mock White House ad claiming among other things that if sequestration occurs, “Girl Scouts will be forced to sell meth" (video follows with transcript and commentary):
You've got to hand it to the headline writers at the Associated Press, aka the Administration's Press. They sure know how to abuse their power to shape public perceptions.
The headline at Martin Crutsinger's report this morning on projected economic growth for 2013, which the wire service is treating as this morning's "Big Story," reads: "ECONOMISTS PREDICTING MODERATE GROWTH IN 2013." Many people using computers, tablets and smartphones will see that headline, conclude that the economy's not so bad, and move on without clicking through. Too bad Crutsinger's first two paragraphs directly contradict that headline.
CNBC's Maria Bartiromo made a statement Sunday about all of the fearmongering concerning the looming budget sequester that people on both sides of the aisle should pay attention to.
Appearing on NBC's Meet the Press, Bartiromo said, "I think Wall Street is seeing this as scare tactics because if the market really believed that the economy was going to be paralyzed on March 1 we would not be trading near record highs" (video follows with transcript and commentary):
When the Washington Post's Bob Woodward broke ranks with the Obama-loving media to correctly point out Friday that it was indeed the White House that originally proposed sequestration back in 2011, it was going to be interesting to see how many of his colleagues would follow suit.
On Sunday, CNN's Candy Crowley appeared to do so as she pressured Transportation Secretary Ray LaHood about whether or not the administration has "ginned up" the impact of the sequester in order to pressure Congress telling him at one point, "Your post-sequester total at FAA ops and facilities and equipment is going to be about $500 million more than 2008 and the planes were running just fine" (video follows with transcript and commentary):
NewsBusters readers know that one of my guilty pleasures is exposing Bill Maher's lack of knowledge on subjects he pompously pounds the table about.
On Tuesday evening, Maher gave me a doozy when he wrote on Facebook, "Wow, what a shameless liar this Marco Rubio guy is - Obama created more debt than Bush? Well, if you don't believe in science, why not math too?"
Buzzfeed's Ben Smith, who used to toil at Politico, must be blind in one eye and can't see out of the other.
In what appears to be a sudden revelation in his column ("Obama Prepares To Screw His Base") on ObamaCare's harsh treatment of young people, Smith notes how they "will pay disproportionately for ObamaCare." What this really represents is something which alarmed those who studied the bill both before and after its passage in March 2010. In other words, people who follow these things closely have known about this situation for years. But course, it has fallen on deaf, deliberately ignorant, or deliberately negligent establishment press ears. Thus, most low-information voters don't know what's coming. Beyond that, Smith acts as if the Obama administration hasn't been shafting young people ever since Barack Obama took his first oath of office in January 2009, when it has been doing so in a variety of ways on a daily basis. Excerpts from Smith's somnambulance, wherein he actually tries to blame Sarah Palin for what's coming, follow the jump (bolds are mine throughout this post):
A Wednesday report by Keith Laing at the Hill failed to point out a quite obvious contradiction during departing Transportation Secretary LaHood's appearance on NPR's Diane Rehm show.
From all appearances, based on the video available at her site, Rehm, once LaHood launched into a predictable rant about how our transportation infrastructure is in serious disrepair, didn't ask -- and should have asked -- why the hundreds of billions of dollars spent on the stimulus plan accompanied by those ubiquitous Recovery Act promotional signs seen at road construction projects didn't stabilize things two or three years ago. Excerpts from Laing's lackluster effort follow the jump (bolds are mine):
On NBC's Wednesday Today, White House correspondent Peter Alexander wrung his hands over the possibility of sequester budget cuts happening next month: "If you think of the federal budget as a t-bone steak, the sequester is like a butcher's knife loping off a big piece, roughly a trillion dollars worth in defense and domestic spending. What experts call the worst way to deal with a budget." [Listen to the audio or watch the video after the jump]
In contrast, back in February of 2009, when President Obama was pushing the nearly trillion-dollar stimulus package, Today co-host Matt Lauer grilled former Bush advisor Karl Rove about Republicans daring to oppose the massive government spending: "Doesn't it seem that quick and bold action was necessary?...216 Republicans [who voted against the stimulus] seem to have placed a bet on failure. Isn't that safe to say?"
The economy shrank in the fourth quarter of 2012, indicating that growth remains a problem. The woes made the New York Times front page on Thursday, "Growth Halted In 4th Quarter Despite the Fed," though the story by Nelson Schwartz and Binyamin Appelbaum was not prominently featured (and Obama wasn't mentioned until paragraph 12, in a quote from Reince Priebus, chairman of the Republican National Committee). The Washington Post made it the lead story under the headline "GDP shrank at end of 2012."
This is so pathetic and predictable, you could almost set your watch to it.
Just ten hours after a government report showed that the economy went into contraction for the first time in three years during 2012's fourth quarter, an item penned "by the editors" at Bloomberg News appeared which scolded us that the nation's gross domestic product (GDP) is an "imperfect measure of progress," and that we really should be looking at indicators of "social progress or human happiness." As usual, when things go bad in Leftyland, the problem is the yardstick, not what's being measured. The first four paragraphs from the editorial, which reads like -- no, make that "really is" -- the text of a leftist political stump speech, follow the jump:
Yesterday (at NewsBusters; at BizzyBlog), reacting to a disgracefully biased January 27 report by Andrew Taylor at the Associated Press, aka the Administration's Press, on the "no budget, no pay" provision in debt-ceiling legislation passed by the House, I wrote that "Taylor’s report is historically bad ... Sadly, I believe AP can do much worse during the next several years — and probably will."
An unbylined AP item released shortly after the government announced that the economy contracted by an annualized 0.1 percent during the fourth quarter of last year made that fear come true under ten hours (I may have more on the very odd time stamp of this report -- 8:11 a.m. -- in a future post). On his program today, Rush Limbaugh had a field day with the nonsense presented (bolds are mine throughout this post):
NBC Nightly News anchor Brian Williams joined Jimmy Fallon Monday in another "Slow Jam the News" segment on NBC's Late Night.
This time the subject was the fight over the debt ceiling with the target of course being Republicans who were repeatedly hit with sexually-charged attacks (video follows with transcript and commentary):
Congressman Paul Ryan (R-Wisc.) made a comment on NBC's Meet the Press Sunday that is guaranteed to raise eyebrows on both sides of the aisle.
"If we had a Clinton presidency, if we had Erskine Bowles chief-of-staff at the White House, or President of the United States, I think we would have fixed this fiscal mess by now. That's not the kind of presidency we're dealing with right now."
ABC and CNN contributor Donna Brazile - posing as one of Barack Obama's trusted defenders in the media like she always does! - got a much-needed education Sunday about the President's profligate spending.
Countering Brazile's propaganda on ABC's This Week, George Will said, "A dollar spent on A cannot be spent on B...This is our future. We're going to be an assisted living home with an Army. That's going to be the American government" (video follows with transcript and commentary):
Stop the presses! Stop the presses! Bill Maher on Friday actually said something well-reasoned and intelligent that conservatives - including members of the Tea Party - might agree with.
"We have 23.5 percent dirt bags in America," the HBO Real Time host surprisingly said. "It just seems like there’s less people pulling the wagon and more people in the wagon, and at some point the wagon is going to break" (video follows with transcript and commentary):
Syndicated columnist Charles Krauthammer on Friday marvelously exposed NPR's Nina Totenberg as one of President Obama's shills in the media.
When Totenberg - appearing on PBS's Inside Washington - tried to make excuses for why Obama is totally in favor of raising the debt ceiling today despite having voted against doing so when he was a senator, Krauthammer scolded, "Don't cover for him" (video follows with transcript and commentary, file photo):