The modern equivalent of a broken record, which used to be a common saying about someone who says the same thing over and over, is the "infinite loop" -- "a sequence of instructions in a computer program which loops (i.e., repeats) endlessly."
On Social Security, the establishment press has played a false infinite loop for decades, namely that its "trust fund" contains lots of real assets. Here is Stephen Ohlemacher's replay of the loop found in his coverage at the Associated Press on early Monday:
Wednesday's Today show on NBC ran a four and a half minute piece profiling Saratoga Springs, Utah, Mayor, and congressional candidate Mia Love, who has a very good chance of being the first black female Republican elected to Congress.
Readers are strongly advised to remove food, fluids, and flammables from proximity to their computers prior to reading any further. You've been warned!
New York Times columnist Paul Krugman said on ABC's This Week Sunday, "It's terribly unfair that [President Obama is] being judged on the failure of the economy to respond to policies that had been largely dictated by a hostile Congress" (video follows with transcript and commentary):
As we approach Election Day, it's becoming more and more important for the Obama-loving media to give credit to the President for the economies of swing states governed by Republicans that are doing better economically than the rest of the country.
Candy Crowley did her part on CNN's State of the Union Sunday by asking Governor Bob McDonnell (R-Va.), "Don’t you credit President Obama at all for the good fortune that Virginia has?" (video follows with transcript and commentary):
Bill Maher is either a blithering idiot, a pathological liar, or both.
On HBO's Real Time Friday, the factually-challenged financier of Barack Obama actually had the gall to say the President didn't support the recommendations of his National Commission on Fiscal Responsibility and Reform (aka Simpson-Bowles) because - wait for it! - Republicans didn't support it (video follows with transcript and commentary):
New York Times columnist Paul Krugman on Sunday continued his campaign to get Barack Obama reelected by misinforming the public about the economy.
Appearing on CNN's FareedZakaria GPS, the Nobel laureate falsely claimed Republican presidential candidate Mitt Romney wants to enact Greece's failed economic policies here in America (video follows with transcript and commentary):
I have a serious question for MSNBC's Chris Matthews: How many lies are you willing to tell on national television to get Barack Obama reelected?
On Friday's Hardball, the host gave viewers a plethora of falsehoods and half-truths to giving us an idea of just how far he's prepared to go this election cycle to make sure the objection of his affection remains in the White House (video follows with transcript and commentary):
Over a combined total of nine and a half hours of programming, CBS, NBC and ABC allowed a mere 72 seconds of coverage to the news, Monday, that Social Security will go bankrupt three years earlier than previously expected. ABC's World News and NBC's Nightly News skipped the subject entirely.
The same networks that offered copious amounts of stories to a vague threat of future global warming disaster, found little interest in the coming problems of Social Security. Scott Pelley briefly explained on Monday's Evening News: "Medicare will run out of money in 2024. Social Security retirement benefits run out in 2033. But Social Security disability benefits will be exhausted long before that, in 2016."
At Bloomberg Business Week, the distortion of what the Social Security system's trustees told the public on Monday began with its headline and opening sentence.
The headline: "Social Security Fund to Run Out in '35: Trustees." Any reader would assume that the reference is to the situation with the retirement and disability programs combined, as both are collectively referred to as "Social Security." Reporter Brian Faler doubled down on the headline error in his opening sentence:
For over a year, the Left and their media minions have dishonestly claimed Congressman Paul Ryan's (R-Wisc.) proposed budgets would "end Medicare as we know it."
At the end of a discussion about Monday's report from the Medicare trustees predicting the program goes bankrupt in 2024, Special Report host Bret Baier got NPR's Mara Liasson to admit Medicare will end as we know it even if Congress doesn't pass the Ryan plan (video follows with transcript and commentary):
On Monday's Morning Edition, NPR's Barbara Bradley Hagerty touted how "liberal religious leaders said the Republican [budget] plan...was an affront to the Gospel, and especially Jesus's command to care for the poor." At the same time, Hagerty avoided mentioning the left-wing ideology of two critics of the proposal: Peter Montgomery of People For American Way, and liberal academic Stephen Schneck.
The correspondent did, however, clearly identify Ryan as a "Wisconsin Republican" and Richard Land of the Southern Baptist Convention as part of a "conservative resistance to taxation." She also highlighted how "for other religious conservatives, the Bible is a blueprint for robust capitalism," and cited evangelical radio host David Barton as an example.
Syndicated columnist Charles Krauthammer gave quite a tongue lashing to Mark Shields on Inside Washington this weekend.
When the liberal PBS contributor said Congressman Paul Ryan's (R-Wisc.) budget proposal lacked vertebrae, Krauthammer scolded, "Talk about absence of spine, your guys haven’t introduced a budget at all on anything" (video follows with transcript and commentary, file photo):
National Review's Reihan Salam on Sunday proved once again that liberal media members no matter what their number are no match for one well-informed conservative.
On CNN's FareedZakaria GPS, Salam took on the host, Time magazine's Joe Klein, and the Nation's Katrina VandenHeuvel on a far-ranging discussion about how both sides of the aisle view taxes, the Tea Party, and social change with the conservative ending up looking like the only knowledgeable person in the room (video follows with transcript and commentary):
According to the Heritage Foundation Barack Obama’s policies, in just two years, have resulted in the number of Americans who rely on a federal program spiking by 23 percent to 67 million. Yet there was no mention of this grim figure on the Big Three network (ABC, CBS and NBC) evening or morning news programs. Since the study was released on Wednesday only Fox News and CNN have mentioned the increase in government dependents was the biggest two year jump since Jimmy Carter was president. (video after the jump)
One of the Media Research Center's dearest friends and supporters, Mark Levin, has a new book out called “Ameritopia” which as CNSNews reports will debut at number one on the New York Times best seller list in four different nonfiction categories.
On Tuesday, the esteemed author and radio host spoke to NewsBusters by phone about the book's contents and how the media are assisting powerful utopian forces in America to undermine our Constitutional republic (video follows with complete transcript, don't miss spectacular book signing video at article's conclusion):
I see that the Associated Press's Derek Kravitz is picking up where his colleague Martin Crutsinger left off in offering up incomplete information and inconvenient truth-avoiding coverage of Uncle Sam's financial results as described in the Monthly Treasury Statement. December's statement, which was released yesterday, showed a deficit of $86 billion and a year-to-date shortfall of $322 billion.
Naturally, this was cause for a positive-spinning headline at the AP report: "US gov't on pace for smaller deficit in 2012." Whoop-de-doo. Two problems: a) It's too early to tell, b) the year-to-date reduction thus far is fairly small (about 13%), c) Most of the improvement is because of a lucky break when fiscal 2011 ended, and d) December itself was a pretty bad month compared to December 2010. Here are several paragraphs from Kravitz's concoction (bolds and numbered tags are mine):
On Friday's CBS Evening News, as correspondent Sharyl Attkisson filed a report to inform viewers that the House of Representatives had approved the Senate plan for a two-month payroll tax cut extension, Attkisson included a clip of Senate Democratic Leader Harry Reid directing a "lecture" at and blaming House Republican freshmen for the delay, as she recounted his hope that they had "learned a lesson."
While the report included two soundbites from Democrats that allowed them to put forth some of their message - in the form of one clip each from Reid and President Obama - the CBS correspondent only included a couple of brief non-political clips of House Speaker John Boehner as the only Republican afforded a soundbite. (Video below)
CBS's Erica Hill invoked an infamous Christmas season villain on Wednesday's Early Show, stating that "[House] Republicans...risk looking like the Grinch here four days before Christmas" for their refusal to sign onto the Senate's proposed two-month extension of the payroll tax holiday. Hill made that claim during an interview of Rep. Michele Bachmann, and pressed her about the payroll tax issue.
The anchor brought on Rep. Bachmann to discuss her presidential campaign's swing through Iowa during the lead-up to that state's caucuses at the beginning of January. However, Hill devoted the first half of the segment to the dispute over extending the tax holiday, and led with a question that included her "Grinch" label:
George Will on Sunday marvelously told liberal economist Robert Reich something that many conservatives have been dying to say for years.
During a fascinating Right vs. Left debate on ABC's This Week, after Reich predictably pined for higher income tax rates to solve all that ails us, Will struck back with the line of the weekend, "You are a pyromaniac in a field of strawmen" (video follows with transcript and commentary):
"You know, the president's been calling for bipartisanship on Capitol Hill, I'm not sure that he meant for the two of you to get together and go up against his signature program," MSNBC's Andrea Mitchell complained at the conclusion of a chat with Sens. Joe Manchin (D-W.V.) and Mark Kirk (R-Ill.) on today's Andrea Mitchell Reports.
Mitchell had the senators on to discuss their opposition to extending the 2011 payroll tax holiday.
For conservatives, one of the bright spots of the Occupy Wall Street protests was when millionaire investor Peter Schiff went down to Zuccotti Park with video camera and a sign reading "I Am The 1% - Let's Talk."
On Tuesday, I had the pleasure of speaking with Schiff by telephone in a sweeping interview about his experience at OWS, how the financial media are doing, and ending with his rather frightening view of the economy and the future of our nation (video follows with transcript):
MSNBC's Chris Matthews on Monday perfectly demonstrated that he is willing to contentiously debate issues with conservative guests without regard for the truth.
In the middle of a Hardball segment about the Democrat proposal to extend the payroll tax holiday, Matthews ignorantly accused the far more knowledgeable Ron Christie of "complicating" the discussion leading his guest to marvelously respond, "Of course, the facts get in the way of a good narrative" (video follows with transcript and commentary):
Nobel laureate Paul Krugman - might he finally be realizing that our budget deficits can't possibly be solved by just eliminating the Bush tax cuts? - is now calling for marginal rates even higher than when Bill Clinton was in office:
Politicians who are principled enough to point out the fraud of Social Security, referring to it as a lie and Ponzi scheme, are under siege. Acknowledgment of Social Security's problems is not the same as calling for the abandonment of its recipients. Instead, it's a call to take actions now, while there's time to avert a disaster. Let's look at it.
The term was derived from the scheme created during the 1920s by Charles Ponzi, a poor but enterprising Italian immigrant. Here's how it works. You persuade some people to give you their money to invest. After a while, you pay them a nice return, but the return doesn't come from investments. What you pay them with comes from the money of other people whom you've persuaded to "invest" in your scheme. The scheme works so long as you can persuade greater and greater numbers of people to "invest" so that you can pay off earlier "investors." After a while, Ponzi couldn't find enough new investors, and his scheme collapsed. He was convicted of fraud and sent to prison.
During the recent GOP presidential debate, Texas Gov. Rick Perry said that Social Security is a "monstrous lie" and a "Ponzi scheme." More and more people are coming to see that Social Security is a Ponzi scheme, but is it a lie, as well? Let's look at it.
Here's what the 1936 government pamphlet on Social Security said: "After the first 3 years — that is to say, beginning in 1940 — you will pay, and your employer will pay, 1.5 cents for each dollar you earn, up to $3,000 a year. ... Beginning in 1943, you will pay 2 cents, and so will your employer, for every dollar you earn for the next 3 years. ... And finally, beginning in 1949, twelve years from now, you and your employer will each pay 3 cents on each dollar you earn, up to $3,000 a year." Here's Congress' lying promise: "That is the most you will ever pay."
Senate Minority Leader Mitch McConnell (R-Ky.) doesn't think the President's new "Buffett Rule" to create a higher tax rate for millionaires makes sense.
Speaking on Sunday's "Meet the Press," McConnell said, "With regard to his tax rate, if [Warren Buffett's] feeling guilty about it, I think he should send in a check" (video follows with transcript and commentary):
For several weeks, NewsBusters has been reporting that despite protestations from liberal media members, Texas governor Rick Perry is 100 percent correct when he calls Social Security a Ponzi scheme.
On PBS's "Inside Washington" Friday, syndicated columnist Charles Krauthammer put a fine point on this saying, "If Charles Ponzi had had the force of the law forcing people, new entrants, into his scheme, he’d still be going. He’d be commissioner of Social Security" (video follows with transcript and commentary):