David Gregory on Sunday finally got an answer to his question about extending the Bush tax cuts, but it certainly wasn't what he was expecting.
For those that have been watching "Meet the Press" this month, the host has been grilling his conservative guests about this issue ever since former Federal Reserve Chairman Alan Greenspan told him on August 1 that tax cuts don't pay for themselves.
Having badgered Senate Minority Leader Mitch McConnell (R-Ky.) about this earlier in the program with no success, Gregory broached the subject with former House Majority Leader Dick Armey in a subsequent segment.
With a hanging curveball coming into his wheelhouse, Armey whacked a long drive that still hasn't landed (video follows with transcript and commentary):
Here's yet another example illustrating why one must treat the editorials at the Wall Street Journal as a primary source of hard news during Democratic presidential administrations.
On Monday, President Obama visited ZBB Energy Corp, a maker of high-tech batteries in Menominee, Wisconsin. Helene Cooper at the New York Times, where a larger version of the picture at the right appeared, reported that "The company received a $1.3 million federal stimulus loan, which officials said would triple its manufacturing capacity and could lead to 80 new jobs." Note the word "could."
At least the Times mentioned the existence of ZBB's stimulus loan. In three brief reports citing Obama's visit during the past week, the Associated Press didn't even do that.
Are even the most liberal media members starting to realize the administration's "Recovery Summer" campaign was a complete joke?
Such appears to be the case for New York Times columnist Bob Herbert who on Saturday published a piece absolutely excoriating President Obama for not exclusively focusing on jobs after his inauguration last year:
The Obama administration seems to be feeling sorry for itself. Robert Gibbs, the president's press secretary, is perturbed that Mr. Obama is not getting more hosannas from liberals. Spare me. The country is a mess. The economy is horrendous, and millions of American families are running out of ammunition in their fight against destitution. Steadily increasing numbers of middle-class families, who never thought they'd be seeking charity, have been showing up at food pantries.
Keith Olbermann on Thursday cherry-picked an article by former Speaker of the House Newt Gingrich to make a pathetic case that Republicans are targeting and blaming unemployed Americans for the country's economic woes.
In his opening "Countdown" segment on MSNBC, the host began, "When it came time to invade, Republicans used cherry-picked intelligence to make the case for war in Iraq. Now, they`re using cherry-picked intelligence to wage war on the middle class."
Particularly in Olbermann's crosshairs was Gingrich who the "Countdown" host claimed "targeted one individual American who`s struggling to make ends meet and held him up as part of the problem."
Ironically, it was Olbermann that was guilty of cherry-picking as he quoted a very tiny portion of a Human Events article the former Speaker wrote Wednesday (video follows with commentary and full transcript at conclusion):
Ed Schultz on Thursday blamed Republicans for all the unemployed people living in America today.
As he began the most recent installment of the "Ed Show" on MSNBC, the host said, "The Republican Party has been on a crusade against the middle class and the poor for the last 30 years. We're now seeing the wreckage of that race to the bottom line culture."
He disgracefully continued, "Today a government report showed weekly jobless claims at a five-month high. 484,000 new unemployment claims were filed in the week ending August 7th. And you know what folks, you can lay this right at the feet, right at the altar of the Republican Party."
Sadly, he wasn't close to done, claiming, "The people you see flooding the streets begging for help, begging for an opportunity are victims of the Republican agenda just to make sure that President Obama fails" (video follows with transcript and commentary):
Republican Congressman Paul Ryan of Wisconsin has struck back at Paul Krugman calling the New York Times columnist "intellectually lazy."
As NewsBusters reported Saturday, Krugman wrote an article the previous day castigating Ryan as "The Flimflam Man" calling the Congressman a "charlatan" and a "fraud" while claiming his "Roadmap" to balance the nation's budget was "drenched in flimflam sauce."
Krugman's criticisms of the Republican rising star were of course praised by all manner of media member from the shills at MSNBC to the sycophants in the liberal blogosphere.
Liberal publisher Arianna Huffington on Monday displayed an absolutely staggering ignorance of business, taxes, and economics.
Appearing on MSNBC's "Countdown" to discuss Republican plans to stimulate the economy and curb the exploding budget deficits, Huffington was sarcastically asked by Keith Olbermann, "Does Huffington Post hire more people when your personal tax rate changes?"
Realizing the host was mocking the GOP's desire to extend the Bush tax cuts to all wage earners including those making over $250,000 a year, Huffington replied, "Huffington Post operates like most American businesses which is that our hiring practices have nothing to do with the income or the tax rate of the people who are running the business."
Ironically, the liberal publisher contradicted herself in the very next breath (video follows with transcript and commentary):
As media make their case to the American people that the Bush tax cuts should expire, one of the strategies being employed is to claim that Republicans are refusing to "pay for" their extension.
A perfect example of this tactic was seen on Sunday's "Meet the Press" when host David Gregory badgered House Minority Leader John Boehner (R-Oh.) on this subject for over three minutes.
After playing a clip from the previous week's program when former Federal Reserve chairman Alan Greenspan said that he's against tax cuts "with borrowed money," Gregory proceeded to hammer his guest on this issue (video follows with transcript and commentary):
For the media, "Mission Accomplished" represents everything that was wrong with the George W. Bush administration and its war policy. The image of Bush declaring unequivocal victory mere weeks after the invasion of Iraq has been ballyhooed as a visual representation of Bush's arrogance, naivete, even dishonesty (the media contrived most of this meme - more on that below).
Will Barack Obama have a "Mission Accomplished" moment? That is, will the media seize on something he or his administration has said as evidence of the large gap between his rhetoric and the effects of his policies and tout it for years to come as indicative of his flawed style of governing?
The gap already exists. The White House's "Recovery Summer" initiative and Treasury Secretary Tim Geithner's statement, "welcome to the recovery" are completely divorced from economic reality. The only question is whether the media will seize on the catchy and baseless slogans (the two criteria of the "Mission Accomplished" media standard) coming from the White House to illustrate the sizable gap between this administration's rhetoric, and the facts on ground, so to speak.
The front page of Saturday's Washington Post carried an article by Shailagh Murray from Ohio's 13th congressional district, just west of Cleveland. The dominant theme was two-term Rep. Betty Sutton's whining that her GOP opponent Ted Ganley, a car dealer, benefited from Cash for Clunkers but now bashes it. The Post wondered about why Democrats get so little credit for the "stimulus," and Murray's central question was this:
How can nearly $1 trillion flush through the U.S. economy, with tangible results, and still leave voters dubious? ["Flushed" is a good verb for this.]
Initial requests for jobless benefits rose last week to their highest level since April, a sign that hiring remains weak and some companies are still cutting workers.
The Labor Department said Thursday that new claims for unemployment insurance rose by 19,000 to a seasonally adjusted 479,000. Analysts had expected a small drop. Claims have risen twice in the past three weeks.
Good Morning America's Jon Karl on Tuesday highlighted a new report by two Republican senators on extreme examples of waste in the stimulus bill. Karl rattled off some eye catching data: "$71,000 for researchers at Wake Forest University to see how monkeys react under the influence of cocaine."
The ABC journalist informed viewers that Senators John McCain and Tom Coburn released their new report "exclusively to Good Morning America." Now that the information is public, will CBS and NBC follow up on the story?
George Will and Paul Krugman had another showdown about fiscal policy on Sunday, and the ABC contributor made it crystal clear to viewers that he doesn't agree with the perilously liberal New York Times columnist.
As the Roundtable segment of "This Week" moved to a discussion of whether more economic stimulus is needed versus deficit reduction, Krugman made his predictable request for the former.
After Will made a strong point about the economy being "unusually weak for a recovery after a severe downturn," he said one of the reasons is "the consumer in his native perversity has begun to save" rather than spend.
Krugman responded, "Just wanted to say, George, it's exactly what I would have done in describing it."
Will smartly countered, "Lest it be thought that Paul and I agree on something," and this is where the fun began (video follows with partial transcript and commentary):
PBS recently responded to accusations of a liberal slant to its July 23 Need to Know program which featured satirist Andy Borowitz making fun of Sarah Palin’s intelligence as the show's executive director Shelley Lewis claimed that, because the previous week's episode had featured a segment that was critical of President Obama, the program in reality has been balanced in going after political figures. According to TVNewser, quoting from Michael Getler's July 28 "The Ombudsman Column" on the PBS Web site, Lewis argued: "Is a little joking about Ms. Palin's penchant for malaprops really such a big deal? Last week, editorial cartoonist Steve Brodner was pretty tough on President Obama, and we heard plenty from Obama fans about how unfair we were, how right-wing we were, etc. We do try to have some fun at both sides' expense..."
But the July 16 segment that poked fun at Obama actually criticized him for not being liberal enough in keeping his campaign promises as cartoonist Steve Brodner was shown drawing sketches of Obama while a voiceover of the cartoonist lamented that "the presumed anti-war Obama became the 30,000 more troops Obama," and that "the previous stimulus advocate Obama who faced McConnell finally and a vocal conservative movement, he didn't campaign consistently for the stimulus that he mentioned in the State of the Union, wound up advocating for that along with deficit reduction, making him at least partly like McConnell."
Free enterprise and the American marketplace– not the guiding hand of government – have revitalized the beleaguered automaker General Motors, which expects to announce another profitable quarter, according to GM officials.
President Barack Obama plans to visit a GM plant in Hamtramk, Michigan on July 30, and his administration is linking GM’s return to profitability with the bailout of the old GM the administration orchestrated last summer.
“Just over a year after President Obama made tough decisions to save Chrysler and GM, these companies are returning to profitability, hiring workers, and keeping plants open,” the White House said in a July 23 press release. “And because of the steps the Administration and Congress have taken with Cash for Clunkers and the Recovery Act, the industry overall is strengthening.”
Chris Matthews on Monday got a much-needed lesson from Rep. Paul Ryan (R-Wisc.) on how tax hikes impact the budget as well as the economy.
"Congressman Ryan, is there any tax role for reducing our $1.4 trillion to $1.7 trillion debt this year -- deficit this year?" Matthews asked during the 5PM installment of MSNBC's "Hardball." "Is there any role in tax increasing to help do that job?"
When Ryan gave an answer Matthews didn't like, the host arrogantly responded, "So, you won`t cut -- you won`t raise taxes and you won`t cut spending...All this bitching about the deficit doesn`t mean squat, because you won`t do either, raise taxes or reduce spending."
With the ball nicely teed up, Ryan unleashed a drive down the middle of the fairway that would make Tiger Woods proud (video follows with transcript and commentary, h/t Twitter's @LFRGary):
If it worked for Germany, it should work for the United States, right?
In a July 21 story, AP writer Geir Moulson praised government stimulus for helping Germany "bounce back" from the recession. Moulson highlighted two government stimulus packages totaling $104 billion and a government-sponsored program that cut back workers' hours instead of laying them off as reasons for Germany's endurance:
"The various government measures are all part of the upswing."
However, nowhere in Moulsion's 25-paragraph story did he acknowledge tax cuts over the past decade as a reason for Germany's success. As reported in Deutsche Welle, a German media outlet, the European Union's statistical office indicated Germany's corporate tax rate was cut to 29.8 percent in 2010, a 42-percent decrease from the 51.6-percent rate in 2000. Germany has also cut income taxes by 3.6 percent over the past ten years.
"Is America in danger of the current debt crisis becoming a sovereign debt crisis as Mort [Zuckerman] mentioned, like the one that is now hitting Greece, yes or no?" McLaughlin asked.
MSNBC political analyst Pat Buchanan warned it was more "imminent" than many people have forecast. He cited British historian and Harvard professor Niall Ferguson, who has declared the country to be on the brink of a Greek-like collapse.
UPDATE - 7/15, 7:00 PM: Politico makes a nearly identical argument. Ace tears it to shreads. Details below.
The folks at ABC News are confused. Democrats are passing all this awesome legislation, they posit, so why are Americans acting so hostile and looking to hand Congress to the GOP? The key problems, ABC's Z. Byron Wolf deduces, are that Democrats simply have not embraced liberalism enough and Americans have failed to perceive just how great the Democratic agenda has been.
"The imminent passage of a tough new Wall Street Reform bill," wrote Wolf, pictured right, on ABC's website, "will cap off a wildly productive two years for Democrats in Washington – they will have passed two pieces of sweeping legislation and an enormous $800 billion stimulus bill to deal with the ailing economy."
Wolf goes on to wonder why those three pieces of legislation haven't benefited Democrats' electoral prospects. Let's see: 6% of Americans believe the stimulus bill created jobs, a strong majority favors repealing the health care bill, and almost 80% of Americans polled have little or no confidence that the financial reform bill will achieve its stated objectives. Is Wolf still confused?
Liberal talk radio host Bill Press says President Obama's poll numbers are down because Americans are spoiled, impatient children that want everything solved yesterday.
After describing to his listeners Tuesday all the fabulous accomplishments this president has made since taking office in January 2009, Press admonished the citizenry for giving the White House resident poor grades for his efforts.
"I think this says more about the American people than it does about President Obama," barked Press.
"I think it just shows once again that the American people are spoiled" (audio follows with partial transcript and commentary):
While Washington lawmakers may be deadlocked over extending unemployment benefits, the liberal media are picking up the slack and helping unemployed individuals find more government help.
In a July 13 story on CNNMoney.com, reporter Hibah Yousuf profiled two individuals who've been unemployed for over 99 weeks, the maximum number of weeks a person is eligible for unemployment benefits. Yousuf how they're turning to more government agencies for assistance:
"Many have already started falling through the safety net," she reported. "These people are coping any way they can, often reaching out for other aid from agencies and charities."
Yousuf devoted one paragraph to explaining how the first individual, Kevin Huffer, took matters into his own hands by doing handyman work in exchange for rent and went fishing for meals. But she devoted another three paragraphs to the various agencies and organizations, such as the Department of Housing and Urban Development and the Community Action Partnership, helping out-of-work Americans find federal assistance beyond the nearly two years of unemployment benefits.
An outraged electorate has just handed Japan's ruling party its hat in elections for half of the seats in the upper house of that country's parliament in a direct reversal of election results from a year ago. Opposition parties made major gains.
The results constitute a resounding rejection of a massive value-added tax increase proposed by a guy whose immediate predecessor of the same party sounded an awful lot like the U.S. President Barack Obama when he led his party to a historic victory a year ago. But, as will be shown later, you wouldn't know that from reading the Associated Press's coverage of Sunday's returns.
But first, a bit of background: The 2010 version of Naoto Kan (pictured at top right in an AP photo) is round two of an attempt by the country's Democratic Party (no direct relation that I know of, but philosophically they're nearly clones) to "remake" the island nation. If that sounds depressingly familiar, it should. The parallels of Kan's same-party predecessor's victory to Barack Obama's 2008 electoral win are eerie, as this August 2009 election night report from Eric Talmadge the Associated Press will demonstrate (bolds are mine):
Japan opposition wins landslide victory Vote seen as a barometer of frustrations over high unemployment, falling exports
Channeling her inner Nancy Pelosi, Rachel Maddow on Sunday actually said extending unemployment benefits is "the most stimulative thing you can do" to help the ailing economy.
Appearing on the panel discussion of NBC's "Meet the Press," Maddow boldly presented a liberal view of economics that only the current House Speaker would be proud of.
"I think that most Americans also, though, understand the basic arithmetic that when you're talking about pushing tax cuts that do mostly benefit the wealthy and you're simultaneously talking about getting tough on the deficit, you're talking about a world in which math doesn't work the way most people think it works."
Indeed, for moments before she falsely stated that Obama inherited a $1.3 trillion deficit.
But Maddow's best remark Sunday had to be, "If you really want a stimulus, do what we -- what's proven to work in stimulus, which is things like extending unemployment benefits...It's the most stimulative thing you can do" (video follows with transcript and commentary):
George Will on Sunday accused Barack Obama of being an expert at selling snake oil.
As the Roundtable segment of ABC's "This Week" began, host Jake Tapper asked Will if the President's claim Republicans "are peddling that same snake oil that they've been peddling now for years" will resonate with voters this November.
Will marvelously responded, "No, because he is an expert on snake oil."
"This is the man who said, if we pass the $767 billion stimulus bill, which it turns out costs $862 billion, a $95 million oops, we would have unemployment at 8 percent and no higher, and it went higher," continued Will.
"This is the man who last week was out saying, 'I'm going to give $2 billion, about $2 billion, to two companies to create about 1,600 jobs.' That's $1.5 million per job. That is snake oil" (video follows with partial transcript and commentary:
The Associated Press gave voice to a Repuiblican Congressman today to bemoan what he sees as "poisonous 'demagoguery'" from the usual suspects, including, by the AP's own account, Sarah Palin and Glenn Beck.
Rep. Bob Inglis, R-S.C., who lost in a primary for the GOP nomination last month, went so far as to claim that heated political rhetoric is "dividing the country into partisan camps that really look a lot like Shia and Sunni." The AP did not feel the need to qualify this absurd statement (and it is absurd, given that a few years ago Sunni and Shia tribes in Iraq were "systematically trying to assassinate moderates").
And while the AP now feels the need to unquestionably parrot claims that conservatives are dividing the nation into potentially murderous political sects, just last year it ran an article headlined "Obama spokesman says sharp tone is justified." By the AP's unquestioning accounts, heated conservative rhetoric is dangerous, but heated liberal rhetoric is necceary for the health of the nation.
While some on the left side of the aisle in Congress are getting all starry-eyed about prospects of more federal stimulus spending, the first round of stimulus under President Barack Obama may have done even less to help the ailing economy than supporters claim.
On MSNBC's July 9 broadcast of "The Daily Rundown," co-hosts Chuck Todd and Savannah Guthrie interviewed CNBC "Closing Bell" anchor Maria Bartiromo from the Aspen Ideas Festival in Aspen, Colo. And Bartiromo offered her views why the economy didn't spiral out of control any more than it did. She said according to some on Wall Street, it wasn't Obama's $787-billion "stimulus" that included a huge bulk of state government bailout spending, but instead action by the Federal Reserve to put more liquidity in the economy.
"Look, there's no doubt about it - we were close to going off a cliff the weekend at Lehman Brothers declared bankruptcy, Merrill [Lynch] was sold and AIG acquired by government," Bartiromo said. "You know, I mean I think we were very close and the economy needed stimulus in a big way. It's arguable whether that stimulus that helped the economy was really because of the stimulus plan or really because of the Federal Reserve. I think most people on Wall Street will believe and will tell you that it was really the Fed action in terms of giving greater access to the banks to overnight lending that really, really got us out."
For the second day in a row, liberal talk show host and MSNBC guest anchor Cenk Uygur pushed the outlandish notion that President Obama is a conservative. Filling in on July 7 for Dylan Ratigan on his 4 p.m. show, Uygur exclaimed, "I didn't realize we voted for a Republican president!"
Uygur preceded this statement with a rant on how ridiculous it is for Obama to express concern about the ever-growing deficit when "60 percent of Americans favor additional government spending to create jobs and stimulate the economy." Uygur and liberal guest Ryan Grim of “The Huffington Post” could not understand President Obama's rationale for focusing on deficit concerns.
Grim argued that, "when people say they are concerned about the deficit" they are just really saying that, "they are nervous about the economy. That's all they mean. So if you solve the economic problems, you're going to solve the deficit concerns."