Stimulus

CNN's American Morning brought on liberal academic Jeffrey Sachs to analyze Speaker Boehner's jobs plan Friday. Instead of hosting a conservative critic of President Obama the morning after he unveiled his jobs plan, the network actually interviewed the President's economic policy assistant.

While Sachs went on-air and criticized the Republican plan as inherently flawed, Obama's director of the National Economic Council Gene Sperling received a soft interview last Friday concerning the President's jobs plan. House Majority Leader Eric Cantor did appear on CNN shortly after that, but was pressed repeatedly about whether Republicans would compromise on the Obama's bill and was not asked to critique the President's plan.

Appearing on Tuesday's The Ed Show, MSNBC political analyst Jonathan Alter urged both liberals - euphemistically calling them "progressives" - and non-liberals to support President Obama's economic plan and advised Obama to "fight, fight, fight," and argue that Republican opposition would mean they are "standing in the way of you getting a job."

After host Ed Schultz asked Alter about the GOP response to Obama's plan, the MSNBC analyst soon appealed to Americans to support the bill:

CNN's business guru Ali Velshi argued that the stimulus did not fail, in a testy exchange Monday with CNN contributor Dana Loesch that followed President Obama's jobs plan speech.

"It failed!" exclaimed Loesch when Velshi mentioned the stimulus, to which he excitedly replied that it did not fail. That set off a back-and-forth between the two pundits, where Velshi argued that unemployment could have been higher without the stimulus – a rather tired hypothetical thrown around by liberals.

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CBS's Early Show on Monday devoted two segments and a news brief to the Obama "jobs bill," but in none of the three stories did they allow a single Republican to speak. Correspondent Bill Plante filed a report that was almost all Obama soundbites -- and to make the sound of a sales job complete, it even included a clip of a TV ad from the Democratic National Committee to help push the $447 billion "stimulus" package.

Plante led the 7 am Eastern hour with his report on the President's legislation, and mentioned the Republicans only in passing: "He's [Obama] been saying that both Republicans and Democrats support the kinds of ideas that he's got in this job bill. But he knows that Republicans are reluctant to embrace the kind of spending he wants. So, he's taking his case directly to the voters, as he did Friday in Richmond, Virginia."

A day after the New York Times published an editorial praising President Obama for his "ambitious," "robust," and "far-reaching" jobs address the previous evening, the Gray Lady printed a front page story with the shocking headline, "Employers Say Jobs Plan Won’t Lead to Hiring Spur."

The first few paragraphs were just as surprising:

America was in a post-stock market bubble bursting recession, had just suffered its worst mainland attack in its history, and New York Times columnist Tom Friedman believes ten years later all would have been made right if the President of the United States on September 12, 2001, had raised taxes.

This is what Friedman, in his most recent blame all the troubles of the world on George W. Bush rant, called "The Whole Truth and Nothing But" Wednesday:

President Obama’s reaction to the latest lousy employment figures was framed by New York Times reporter Jackie Calmes on Saturday’s front page as “New Urgency in the Battle for Stimulus.” Calmes has long insisted Obama’s first multi-billion dollar economic “stimulus” was a success and did so again:

Nonpartisan analysts and the Congressional Budget Office have credited the first stimulus package with helping to end the recession and keep unemployment from growing even higher than it did. They say the winding down of the federal government’s help this year has contributed to the economy’s stall.

Exactly what country does New York Times columnist Paul Krugman actually reside in?

Before you answer, consider the following sentence from his article Monday:

Check out Labor Secretary Hilda Solis [she of the solicitude for the rights of illegal immigrants at the expense of American workers] on the CBS Early Show this morning.  She ticks off a list of industries in which the government will make "investments" because "we know" they will be growing in future years.  Kinda like the Obama admin "knew" solar energy was the wave of the future when it "invested" about a half-billion in taxpayer dollars in Solyndra, a company that backed by a major Obama fundraiser.

Participating in pure partisan politics, Solis claimed the unemployment rate in Rick Perry's Texas would be "much higher" were it not for the spending of stimulus money there.  Right.  That vaunted stimulus that for only $800 billion managed to keep the national unemployment to only 8%.  Oh, wait, three years later it's 9.1%.  Never mind.  View video after the jump.

It appears one should never say in Christiane Amanpour's presence Barack Obama isn't ideologically flexible.

When former Congressional Budget Office director Douglas Holtz-Eakin did so on ABC's "This Week" Sunday, the host pushed back, "Do you think that’s true that he hasn’t shown flexibility since he's, he’s sort of come completely to the Republican tenor of the debate?" (video follows with transcript and commentary):

If it's Sunday, New York Times columnist Paul Krugman must be "saying something really stupid or outrageous."

On ABC's "This Week," the Nobel laureate told host Christiane Amanpour, "If Obama called for endorsing motherhood, the Republicans in the House would oppose it" (video follows with transcript and commentary):

As NewsBusters reported Wednesday, a solar company that was given over a half a billion dollars in stimulus funds declared bankruptcy this week.

Although most news outlets did at least give this story some coverage, two organizations owned by the same company with intricate ties to the Obama administration completely ignored it.

CNN's Piers Morgan hosted New York Magazine columnist Frank Rich for a conservative-bashing session on Thursday. Morgan took the opportunity to ask his liberal guest if the Tea Party can even govern.

"But can they actually govern? Or does the rather intransigent streak that they bring to all that policy-making, is that always going to be the problem?" Morgan asked. Rich responded that the Tea Party's refusal to compromise on the debt ceiling was "temper tantrum-throwing and pure, you know, far right ideology."

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Charles Krauthammer on Fox News's "Special Report" Friday offered Republicans a 2012 campaign slogan to defeat Barack Obama.

"President Zero: zero economic expansion, zero jobs, zero ideas on how to cure the economy" (video follows with transcript and commentary):

Next week, President Obama will unveil his jobs plan.  Details haven't been revealed, but that didn't make a difference today on CNN's American Morning.  Anchor Carol Costello announced the day's "talk back" question and anchors Ali Velshi and Christine Romans promptly chimed in:

As NewsBusters reported moments ago, a solar company the Obama administration loaned 535 million taxpayer dollars to as part of the 2009 stimulus plan filed for Chapter 11 bankruptcy Wednesday.

Although it's still too early to gauge how the rest of the president's fans in the media will cover this if at all, NBCBayArea.com reported the local event in a rather shocking fashion under the headline "Solyndra Filing a Disaster for Obama":

Two weeks ago (at NewsBusters; at BizzyBlog), yours truly pointed out how establishment press coverage of the bankruptcy of Massachusetts-based Evergreen Solar had emphasized its Bay State assistance, and only rarely brought up how it benefitted by being able to sell solar panels it otherwise would probably not have bothered to produce to projects benefitting from American Recovery and Reinvestment Act ("stimulus") dollars.

On August 17, Larry Dignan of ZDNet, in an item published at CBSnews.com, tried to convince readers that Evergreen's failure was not indicative of an industry meltdown (bolds are mine):

Poor President Obama. There's only so much he can do to lift the economy. He's tried so much already, yet somehow it just hasn't worked. Now his options are limited by those darned Republican demands for "fiscal austerity" and a "tight debt ceiling" (of "only" $2.4 trillion) which was only raised by enough to get him through his reelection effort (in 14-1/2 months).

This is the utter garbage in a Tuesday morning report ("Obama faces tight restraints in crafting jobs plan") the Associated Press's Jim Kuhnhenn expects his wire service's readers, listeners, and viewers to swallow, and its subscribing media outlets to non-skeptically publish and broadcast.

In his Friday column ("Failing Forward"), published in Saturday's print edition, the New York Times's Charles Blow really blew it in attempting to relay an abortion-related statistic from the abortion-supportive Alan Guttmacher Institute. Blow wrote (shown here) that "the unintended pregnancy rate has jumped 50 percent since 1994."

The Times has since corrected the column to reflect what the Guttmacher Institute reported, which is that (italics are mine) "the unintended pregnancy rate among poor women has jumped 50 percent since 1994." LiveAction.org's Lisa Graas and Jennie Stone both noted Blow's blunder earlier today. Each also strongly and eloquently criticized Blow for his profoundly antilife attitudes. Additionally, the Times columnist used a "from 2000 to 2009" statistic about child poverty to mask the fact that most of the rise in that statistic occurred during the final year of that time period, i.e., the first year of the presidency of you-know-who.

In "Ben Bernanke Embraces Obama's Reality-Based Presidency," Time's Michael Grunwald posited that Republican presidential contender Rick Perry is divorced from reality, especially when it comes to the best policies to fix the economy.

Grunwald opened with snark...

George Will and Donna Brazile had a telling exchange on ABC's "This Week" Sunday.

After Will listed all the excuses President Obama makes for the poor economy, Brazile said, "I thought you were going to mention media" leading Will to smartly retort, "They're not his problem" (video follows with transcript and commentary):

It often amazes that liberals in this country revere New York Times columnist Paul Krugman as being an expert economist.

Take for example Friday's intellectually challenged piece entitled "Bernanke's Perry Problem" in which the Nobel laureate accused prominent Republicans such as the Texas governor and Wisconsin Congressman Paul Ryan of preventing the Federal Reserve chairman from enacting monetary policy that would save the economy:

In an interview with former press secretary and current Obama campaign advisor Robert Gibbs on Sunday's Meet the Press, substitute host Savannah Guthrie pushed the President from the left: "If the President thinks more should be done, if he thinks there should be more stimulus, why doesn't he just go for broke? Why doesn't he go out there and ask for it, make a case for it?"

Guthrie worried that Obama was "pre-settling" and that, "He's making a political calculus about what he thinks might be able to pass and not getting out there and fighting for what he thinks is best of the economy." Gibbs responded: "...the President's going to fight for exactly what he believes is best for the economy because he's done that every single day he's been president. But you just mentioned it, Savannah. What can get through Congress?"

While campaigning President Obama promised to create 5 million “green” jobs, and shortly into his term he announced a “task force” to do just that. His stimulus package included tax credits for renewable energy companies, allotted funds for weatherization and more. Now with the economy once again on shaky ground the President may pivot back to jobs in September, specifically of the “green” variety.

More than two years later after those initiatives began, the results are dismal. In fact a number of the very companies the Obama administration touted as future job creators have gone bankrupt or had to lay off employees instead. But you won’t hear about this from ABC, CBS and NBC very often.

Economist Ben Stein had some harsh words for Republican presidential candidate Rick Perry on "CBS Sunday Morning."

Responding to comments the Texas governor made earlier in the week concerning Federal Reserve Chairman Ben Bernanke, Stein said, "I hope he'll get some moderation in his speech, and some lessons in economics, and soon" (video follows with transcript and commentary):

On August 15, the Boston Herald, the Boston Globe, and the Associated Press all reported that Massachusetts-based Evergreen Solar had filed for Chapter 11 bankruptcy. Oddly enough (no, not really), The New York Times, which published a 1,600-word report in January (HT to an NB emailer) on the company's competitive difficulties, did not take note of Evergreen's filing.

Each of the three reports cited gave readers the impression that Bay State agencies were the only ones which had provided the company any form of financial assistance during the past several years during which, according to its latest 10-K annual report (large HTML file), it was losing hundreds of millions of dollars annually (about $950 million in the past three calendar years):