Schlockumentary filmmaker Michael Moore had some straight talk for Barack Obama Monday.
In a letter to the President published at the perilously liberal Huffington Post, Moore advised Obama to "DRIVE THE RICH RIGHT OFF THEIR FISCAL CLIFF" while putting an end to "the s***ting on the poor."
On November 14, the Hill reported that "Senate Democrats, feeling confident from their net gain of two seats in last week’s election, say any deficit-reduction package negotiated in the coming weeks must include stimulus measures." Alexander Bolton's writeup quoted Senator Chuck Schumer publicly asserting that "We have to do something because the economy is not growing fast enough in the first year or two." Although Schumer was referring to 2013 and 2014, the "not growing fast enough" characterization fits the U.S. economy under President Barack Obama's and Fed Chairman Ben Bernanke's "stimulus"-oriented policies ever since the recession officially ended in June 2009.
The fact that Democrats insist on more so-called "pump-priming" after four years of trillion dollar-plus deficits accompanied by tepid growth, thereby increasing the chances that the deficit streak will hit five years or more, even with tax hikes, while growth remains anemic, is something one might consider to be, well, news. But apparently not at the Associated Press, aka the Administration's Press, or the Politico.
Well, there's one little bit of good news in Martin Crutsinger's final report on yesterday's release of the federal government's October Monthly Treasury Statement (I did a review of his initial take yesterday [at NewsBusters; at BizzyBlog]). The good news is that Crutsinger, unlike in most months during the past several years I have reviewed such reports, actually identified the single-month amount of money the federal government spent in October, namely $304 billion. We'll see if he continues the practice of reporting single-month spending amounts in future months.
The rest of Crutsinger's coverage is typically pathetic and predictable. He failed to correctly define what the deficit really is for his readers, understated the impact on fiscal 2013 of any tax or spending decisions the President and Congress might agree on, ignored the likelihood that receipts in teh coming year are likely coming back to levels last seen in fiscal 2007 (meaning that virtually the entire problem facing the country has to do with spending, not collections), and engaged in the seemingly required exercise of blaming George W. Bush for running deficits (not disclosed as far smaller) and conducting wars Congress agreed to fight before Obama came into office. As I said, typically pathetic and predictable.
The government's October 2012 Monthly Treasury Statement was released at 2 p.m. It tells us that the government took in $184 billion ($21 billion more than last year) while spending $304 billion ($43 billion more), leaving a $120 billion deficit. That's 22% higher than the October 2011 shortfall of $98.5 billion.
The early report from the Associated Press's Martin Crustinger predictably tells us that discussions over changing this ongoing situation and addressing the "fiscal cliff" involve how "to prevent tax increases and deep spending cuts from kicking in Jan. 1." "Deep"? October 2012 spending annualizes out to $3.65 trillion, which if continued, as seen in comparison to figures for the past five years which follow, would be an all-time record.
In his weekly radio address on July 3, 2010, President Barack Obama announced that "the Department of Energy is awarding nearly $2 billion in conditional commitments from the Recovery Act to two solar companies." Neither of them was named Solyndra.
One of the two companies Obama did name was Fort Collins, Colorado-based Abound Solar, which Obama touted as a company which would create "more than 2,000 construction jobs and 1,500 permanent jobs" at two new plants which "When fully operational ... will produce millions of state-of-the-art solar panels each year." As Amy Oliver detailed at Townhall a year ago, Abound is a classic case of Obama bundler cronyism. In July, just shy of two years after Obama's address, the company, which benefited from $400 million of Department of Energy loan guarantees, filed for bankruptcy. Yesterday, a Colorado District Attorney announced a criminal investigation. So far, it's only local Colorado-area news (internal links added by me; bolds are mine):
In their third Presidential debate analysis, the Jurassic Press Media last night and thus far this morning have failed utterly in their role as fact checker and record-corrector - at least when it comes to what President Barack Obama had to say.
As but one glaring example, there were the President’s absurd assertions regarding the auto bailout and China.
In an op-ed at "Bloomberg View" on Wednesday evening, editor and columnist Michael Kinsley's headline teased that "Maybe President Romney Wouldn’t Be So Bad," before twice urging readers to vote to reelect President Obama, including in the final paragraph after an alleged parenthetical (and obviously mythical) "Pause for reflection." Ha ha.
What came in between wasn't very funny at all -- and since he's an editor, his view of things presumably has impact beyond his columns. The worst whoppers came in the following paragraph:
Time's assistant managing editor Rana Foroohar could have been mistaken as an Obama campaign flack during CBS's post-presidential debate coverage on Wednesday night, with her claim that "the key issue is, really, taxes, and I think that you have to wonder whether Romney's math adds up." She asserted, "There's a bigger math issue here, and that's whether or not lowering tax rates actually creates jobs and growth, and I would argue that, factually, it doesn't."
Foroohar also boosted the incumbent's massive stimulus spending, and held up communist China as a model: "I think what the President tried to convince voters, is that investment is going to create growth...and I think that there's a case to be made for that. If you look at where jobs are going - to places like China - infrastructure spending is much higher. There's a lot more investment in those, sort of, basic competitiveness issues. Unfortunately, I don't think the President made that point sharply enough." [audio available here; video below the jump]
In the wake of Romney’s “47 percent” comments and less than positive polling from key swing states, every squishy Republican in the liberal media's stable of acceptable Republicans went into full panic mode. But just yesterday, President Obama made a huge admission when he admitted that his biggest miscalculation was that he thought he could change Washington from the inside.
Republican strategist Alice Stewart raised that point during a chat with MSNBC's Thomas Roberts this morning, blasting Obama for it and saying that he had two years in his term in which his party ran both houses of Congress. That's an indisputable fact, but Roberts insisted that Stewart was wrong on the length of time that Democrats in Obama's term controlled both the House and Senate: [See video below break. MP3 audio here.]
New York Times reporter turned editorial writer David Firestone showed extreme sensitivity to the tender feelings of Democrats in his Wednesday afternoon post, "The ‘Redistribution’ of Wealth." In an editorial Sunday he dubiously claimed "Don't Tell Anyone, But the Stimulus Worked."
Guided by pollsters like Frank Luntz, the Republican party upgraded all rich people into “job creators,” and tarnished the estate tax by calling it the “death tax.” Its candidates prefer “energy exploration” to oil drilling, and insist on the “religious freedom” of church groups to deny freedom of reproductive choice to their employees. Carefully choosing words to disguise or express contempt is so vital to the party’s strategy that Republicans won’t even properly use the name of the Democratic Party, cutting off the final “ic.”
Liberal Washington Post associate editor Bob Woodward appeared on the September 17 C-SPAN program Washington Journal to hawk his new book The Price of Politics.
In the process, Woodward promoted the same stale narrative that compromise is dead in Washington mostly because of those rascally, conservative Republicans, but sought to import a fair measure of melodrama to the stalemate in Washington using the words of a Biden aide to describe the summer's debt ceiling crisis as “an economic Cuban Missile Crisis."
On Friday's NBC Nightly News, Brian Williams touted the stimulus spending that went to renovating the reflecting pool between the Washington Monument and the Lincoln Memorial in Washington, DC: "Tourists in Washington this holiday weekend will find water in the Lincoln Memorial reflecting pool for the first time in two years. It was actually stimulus funding that paid for the major renovation project - $34 million worth."
Scott Pelley also gave a brief on the pool's renovation on Friday's CBS Evening News, but chose not to play up the stimulus detail, only noting that "the pool was closed, so that workers could fix leaks and stop it from sinking."
CNN's Soledad O'Brien defended the stimulus bill on Monday's Starting Point, calling it a "big thing" that President Obama accomplished and adding that police officers and firefighters kept their jobs because of it.
"[I]f the stimulus hadn't been passed, then what would have happened to the economy?" she threw a Democratic talking point at Rep. Mike Burgess (R-Tex.). "Didn't that to a large degree help the economy? You're not going to argue certainly that it didn't?" [Video below the break. Audio here.]
There are so many holes in Paul Wiseman's Wednesday report at the Associated Press on the weakness of the current "recovery" that it would take a term paper to cover all of them. I'll just concentrate on a repeat error Wiseman made. It is one which AP colleagues Christopher Rugaber (with Wiseman, as demonstrated here) and Martin Crutsinger (as shown here) have also committed. All three gentlemen have been preparing their reports as if "government spending" is the same thing as the government spending and investment component of the nation's economic output. It's not.
In his piece about why the Obama "recovery" (as seen here, by Warren Buffet's requirement that per capita GDP has to return to where it was before the downturn began, we don't even have the beginnings of a recovery yet) is the worst since World War II, Wiseman had the following to say on the "government spending" topic:
Clay Waters at NewsBusters addressed this item earlier today, but I want to emphasize one particular quote in the related New York Times piece which also caught the (possibly gullible) attention of Chris Ariens at Media Bistro's TV Newser: "In private meetings with columnists, he has talked about the concept of 'false balance' — that reporters should not give equal weight to both sides of an argument when one side is factually incorrect. He frequently cites the coverage of health care and the stimulus package as examples, according to aides familiar with the meetings."
Wow. Where do you start? I'll cite just one example in each area Obama cited. I suspect readers will have more.
For the past two weeks Barack Obama's media minions have been working overtime trying to convince the American people the President was taken out of context during his now infamous "You Didn't Build That" speech in Roanoke, Virginia.
CNN's Donna Brazile and the Washington Post's Ruth Marcus tried making that pathetic claim on ABC's This Week Sunday only to receive a much-needed education from George Will and Breitbart.com's Dana Loesch (video follows with transcript and commentary):
New York Times economic columnist Paul Krugman made a statement Sunday about the looming end of the year tax hikes and spending cuts that is likely to raise some eyebrows on both sides of the aisle.
Appearing on CNN's Fareed Zakaria GPS, Krugman said, "If Obama’s reelected, I think that there’s a quite good chance that for a month or two we actually will go off the cliff" (video follows with transcript and commentary):
Liberal media's love for higher taxes is a thing of legends.
On Inside Washington Friday, PBS's perpetually pandering pundit Mark Shields told viewers that since 1991, "21 years, Republicans have not voted for a single broad-based tax increase, and that’s become the theology of the party, the ideology of the party, the definition of the party, and that is irresponsible" (video follows with transcript and commentary):
On Sunday's NBC Meet the Press, liberal historian Doris Kearns Goodwin pleaded with President Obama to tell voters: "'I am doubling down on what I did.' He didn't do enough on the stimulus. He didn't do enough investing in the future. The things he believes in, he has to say we need more of it. And that's our future." [Listen to the audio or watch the video after the jump]
Goodwin implored Obama to "diagnose that what went wrong has gone wrong for 20 years, not just the last four years. The middle class has been squeezed for a long time because of an unfair structure because of lack of investment."
We at NewsBusters have been calling MSNBC's Chris Matthews a sycophant for Barack Obama since at least February 2008 when the so-called journalist bragged on the air about getting a thrill up his leg at the sound of the former junior senator from Illinois' voice.
It was therefore quite pleasing to hear former Republican National Committee chairman Michael Steele tell the Hardball host that to his face Thursday during a contentious exchange about the current White House resident's economics policies and who should be blamed for their failure (video follows with transcript and commentary):
In an interview with Republican Pennsylvania Senator Pat Toomey on her Tuesday MSNBC show, host Andrea Mitchell attempted to use a new Federal Reserve report showing massive wealth loss for the American middle class to promote President Obama's agenda: "Does that, in fact, justify what the President has been saying...about the need for more help and the need for more stimulus?"
Toomey dismantled that argument: "The problem is the President's program has been making it worse. The President got the big stimulus bill that he wanted.... the economic growth is so feeble that we're not even creating enough jobs to meet the demands of the new entrants in the work force....Unfortunately, the President wants to double down on all the failed policies that he's been pursuing."
Does CNN anchor Soledad O'Brien's job description include spoonfeeding Democratic talking points to Obama's deputy campaign manager? Quoting a study used by the Democratic-appointed CBO director to defend the stimulus plan, O'Brien asked Stephanie Cutter if there should be another stimulus, on Monday's Starting Point.
"So, is the takeaway from this, the stimulus worked, so there should be another stimulus?" O'Brien asked after touting a survey of economists that included the Obama's former economic advisers. [Video below the break. Audio here.]
President Obama made quite a gaffe Friday when just one week after the Labor Department announced horrid jobs numbers for May, he claimed "the private sector is doing fine."
Appearing on CBS's This Morning Monday, New York Times columnist and unashamed Obama shill Paul Krugman covered for the current White House resident saying, "He screwed up the line" (video follows with transcribed highlights and commentary):
Last year, Harry Reid said pretty close to the same thing President Obama said on Friday about the health of the nation's private sector. Obama claimed that "The private sector is fine." On the Senate floor on October 19, Reid claimed that "It's very clear that private-sector jobs have been doing just fine."
Don't feel bad if you don't know this, because the press mostly ignored it. The few who did notice it worked mightily to excuse it. One of the chief excusers was Pete Kasperowicz at the Hill:
MSNBC's Chris Matthews is clearly worried the President that once gave him a thrill up his leg is not going to get reelected.
Appearing on Jansing and Company moments before Barack Obama's press conference Friday, the Hardball host said the President has "got to be aggressive. He’s got to be big time. Stop this nickel and dime, a couple of bucks for the teachers, a couple of bucks for the firefighters. 'I'm going to reduce the payroll tax.' This is pissant" (video follows with transcript and commentary):