On Tuesday’s CBS Early Show, co-host Harry Smith interviewed Hillary Clinton on the government’s financial bailout plan and quoted Democratic talking points: "Is there a sense of urgency? Dick Durbin went into the well of the Senate the other day and said ‘why does this feel like Iraq all over again? Why does there feel like there has to be a rush to get this done?’" Clinton replied: "Well, something has to happen because of the neglect of the administration in handling this problem in the past. You know, you covered the campaign. I talked about this for 18 months. I said this is coming."
One question that was absent from the interview was why Clinton pulled out of a rally protesting Iranian President Mahmoud Ahmadinejad addressing the United Nations this week. In a report by correspondent Bill Plante that immediately preceded Smith’s interiview, Sarah Palin being dis-invited from the rally was mentioned: "In New York, thousands protested Ahmadinejad's pro-nuclear, anti-Israel stance. A rally at which John McCain's running mate Sarah Palin had been scheduled to speak before her invitation was withdrawn." That occurred after Clinton decided not to attend the rally because of Palin’s attendance, yet Smith did not ask the New York Senator about the issue.
Coverage of the banking crisis is everywhere. Pundits and politicos claim the instability is threatening the financial markets and the overall economy. However, ABC's Sept. 22 "World News with Charles Gibson" used the crisis to take a swipe at the wealthy.
"In just six months, five major investment banks have now vanished from the landscape, ending an era of aggressive deal making and spectacular profits," Stark said. "These masters of the universe immortalized by Hollywood have been humbled."
Hillary Clinton, Queen of Soul? Barack Obama, All-American teenaged girl? That's precisely the analogy that Joe Scarborough made this morning in trying to explain why many Hillary supporters haven't swung to Obama. Hillary was a guest on today's Morning Joe, and the interview offered a number of other interesting tidbits:
Hillary dodged the question of whether Bill was telling the truth when he claimed she didn't want the VP slot on Obama's ticket.
The junior NY senator declined to swing at a Sarah-bashing softball Mika Brzezinski tossed her.
Hillary let slip that she still has her own campaign on her mind.
But let's get back to Joe's conventional-wisdom busting musical metaphor, which came after Hillary had offered an innocuous answer to guest panelist John Ridley's question as to why many of her supporters remain uncommitted to Obama.
On Sunday's edition of "This Week," journalist Cokie Roberts indicated that, in regards to John McCain's reaction to the ongoing financial problems on Wall Street, "...He's a Republican and whenever Republicans get into this kind of mess, everybody, even people who were not born or close to being born, the specter of Herbert Hoover comes out to, to haunt them." Roberts didn't clarify just who the "everybody" is that would connect McCain and the Depression era president.
Roberts, who appeared on the ABC program's panel to discuss last week's Fannie Mae meltdown and the government's planned bailout, also asserted a "stark contrast" between the economic advisors of Senators McCain and Barack Obama. She then added that the Democrat's liberal experts reassure her: "I mean, the Obama advisers, with- looking at Bob Rubin and Warren Buffett and Paul Volcker in there, you know, you do feel a sense of security there."
Longtime journalistSam Donaldson placed blame for the Fannie Mae crisis at the feet of deregulation and singled out former McCain advisor Phil Gramm: "We deregulated in the beginning of '99 and 2000 the banking industry, Phil Gramm and others, I think that Obama ad is correct. He was one of the prime movers. Now we're going to have to clean that up at great expense."
Borrowing from the nickname for a federal earmark that would have built a multi-million dollar bridge for an Alaska town of 50 people, Newsweek's Mark Hosenball offers readers of the September 29 print magazine a look at "[Gov. Sarah] Palin's Pipeline to Nowhere."
Hosenball suggests that Palin's $500-million "principal achievement" as governor "might never be built after all." But while the headline evokes images of the "Bridge to Nowhere," this isn't a case of government waste as much as it is of the endless red tape of lawsuits.:
Approximately half of the proposed pipeline would run through Canada; native tribes who live along its route complain they haven't been consulted about it and are threatening to sue unless they are compensated. Representatives of the canadian tribes, known as First Nations, say Palin and other pipeline proponents are treating them with disrespect. The tribes' lawyers warn that the courts are on their side and say the Indians have the power to delay the pipeline for years-or even kill it entirely by filing endless lawsuits.
On Monday’s American Morning, CNN correspondent Jim Acosta tried to throw a bit of cold water on the news that tens of thousands showed up in central Florida for a Sarah Palin camapign rally on Sunday. When co-host John Roberts asked about the high turnout, Acosta replied, "[T]his was an enormous crowd out here in Florida. She is still very much on script, John -- still very much on that teleprompter, talking mainly in generalities."
Roberts, besides asking about the Palin rally, asked if the Alaska governor had mentioned the proposed financial bailout during her speech, since the two of them had discussed Barack Obama and John McCain’s responses to the proposal and how it may affect how the two will campaign on the issue of the economy. Besides mentioning the "enormous crowd," he referenced how the campaign stop was located in "that central Florida -- critical I-4 corridor area," and how Palin played up McCain’s credentials with economic issues.
A 2005 Video of Fannie Mae CEO Shown Affirming his Connection to Congressional Black Caucus and Barack Obama, Where is the Media?
In a 2005 video Daniel Mudd, at the time the interim CEO of the catastrophically failed mortgage lender Fannie Mae, affirmed his fealty and that of Fannie Mae to the Congressional Black Caucus. The top three campaign donation recipients were Democrats, number two of which was Barack Obama, yet the media is laying mum on these facts. One wonders what would be going on in the media if John McCain were a top recipient of campaign donations from a market crashing, government bail-out getting organization like Fannie Mae?
The three top campaign donation recipients from Fannie Mae were all Democrats. Chairman of the Senate Banking Committee Senator Chris Dodd (D-CT) got $165,000, Senator Barack Obama (D-IL) was given $126,349, and failed presidential candidate Senator John Kerry (D-MA) took $111,000 from the folks at Fannie Mae. Is this information getting out there?
Don't get me wrong. I don't mean to suggest Mike Barnicle's nearly as deep in the tank for Obama as Chris Matthews, for whom he subbed for on tonight's Hardball. Mike's actually refreshingly down-the-middle compared to the regular host.
Still, when at the very end of this evening's show Mike asked a question of Jill Zuckman, the Chicago Tribune reporter on the Palin beat, wondering [hoping?] whether the wild enthusiasm for Sarah has run its course, he got an answer that I don't quite think he was expecting.
Barack Obama became a candidate for president on the wings of his 2004 Dem convention keynote speech in which he famously said "there is not a Black America and a White America a Latino America and Asian America -- there’s the United States of America." But as Rush Limbaugh has described in the Wall Street Journal today, Obama is now relying on deceptive ads for the express purpose of stoking racial antagonism. Obama's appeal to our worst instincts finds its echo in the MSM. Time's Swampland blog has an item up today by Karen Tumulty entitled "McCain Plays the Race Card." How has McCain allegedly done this? By running an ad that, according to Tumulty [emphasis added]:
[I]s hardly subtle: Sinister images of two black men, followed by one of a vulnerable-looking elderly white woman . . . [T]he image of the victim doesn't seem accidental either, given the fact that older white women are a key swing constituency in this election.
The supposedly "sinister" looking black men? Barack Obama and Franklin Raines, the former CEO of Fannie Mae. And the "vulnerable-looking elderly white woman"? It's the lady shown in the image here [larger image after the jump]. Now as much as we might find it distasteful to engage in some kind of latter-day racial phrenology, if Time is going to rely on this image to accuse McCain of trying to scare elderly white women, I'm afraid we're going to have to go there. An informal instant-message survey of friends and family to whom I sent the image yielded these responses to my open-ended question as to the woman's race:
CNN's Situation Room today featured a Wolf Blitzer interview with former Defense Secretary William Cohen. As a lead in to the interview, White House correspondent Elaine Quijano reported on President Bush's actions to quiet the country's financial jitters. She wrapped up:
At the top of Thursday’s CBS Early Show, co-host Julie Chen teased an upcoming segment on how the Wall Street financial crisis is affecting the presidential race: "Game-changer, as Wall Street falters, Barack Obama surges ahead in our latest CBS News poll." During the segment, correspondent Chip Reid declared: "...the new CBS News/New York Times poll suggests that momentum has switched back to Senator Obama after McCain's post-convention bounce. McCain led nationally by two points just one week ago, but the latest numbers show Obama holding a five-point lead over his Republican rival." However, Reid failed to mention the 3% margin of error in the poll, which could have only been briefly seen on the on-screen graphic.
Reid also cited poll data on McCain’s running mate, Sarah Palin: "The new poll also suggests enthusiasm for Senator McCain's running mate Sarah Palin has softened. 33% of voters think she's qualified to be president, 62% voicing concern." While Reid spoke of ‘softened’ enthusiasm for Palin, he cited no previous poll date to demonstrate a loss of support. Instead, he criticized Palin’s performance at her first town hall meeting Wednesday night: "And she was not asked, nor did she offer, any specifics on foreign policy. Now the questions at that town hall last night and in a Fox interview last night were friendly and open-ended but the campaign understands that that will change and fast." Reid never showed any footage of FNC’s Sean Hannity interviewing Palin. Early Show co-host Harry Smith has interviewed Barack Obama eight times and only asked two questions on foreign policy.
Writing Sen. Joe Biden's (D-Del.) recent suggestion that it's "patriotic" to pay higher taxes, Associated Press reporter Douglass K. Daniel provided a bit of cover for the Obama running mate by citing a left-leaning tax group and ignoring Obama's plans to hike capital gains taxes.:
Although Republican John McCain claims that Obama would raise taxes, the independent Tax Policy Center and other groups conclude that four out of five U.S. households would receive tax cuts under Obama's proposals.
"We want to take money and put it back in the pocket of middle-class people," Biden said in an interview on ABC's "Good Morning America."
The Tax Policy Center may be independent of a political party apparatus, but it is decidedly liberal in orientation, a joint venture of two liberal think tanks, the Urban Institute and the Brookings Institution.
Beginning on September 15 and continuing through the 19th, "Good Morning America" has been touring America via train and finding economic misery and despair along the way. During the three special shows that have aired so far, which ABC has dubbed the "Whistle-Stop Tour '08," the program traveled to struggling towns in Massachusetts, Ohio and New York. On Monday, while talking with an elderly man who had lived through he Great Depression, co-host Diane Sawyer described him as someone who had survived "another time of economic crisis." (As a comparison, a quarter of the population was unemployed during the Great Depression. Unemployment today stands at just over six percent.)
On Tuesday, co-host Robin Roberts mentioned the people of Rome, New York and their "tough times." "...Some of them are feeling hard times," she added. On Wednesday, near Gustavus, Ohio, Roberts reported from a small town that "is not booming." While visiting the "suffering town" of Niagara New York on Tuesday, Sawyer talked to parents at a high school hockey game and lamented, "There were moms up in the bleachers, who say they have to look across the river [to Canada] too and wonder about American leadership."
New York Times-MSNBC contributor John Harwood took his usual Tuesday afternoon slot on the cable network to interview Elisabeth Bumiller, the Times's lead reporter on the McCain campaign beat.
Bumiller has a history of hostile coverage of McCain and Republicans, and did nothing to shake that perception on Tuesday, passing along as fact Barack Obama's out-of-context assault on the comment McCain made on Monday (as the crisis on Wall Street unfolded) about the strong fundamentals of the U.S. economy.
Bumiller: "On the other hand, McCain has had a very rough 24 hours, when he said on Monday that the fundamentals of the economy are strong. The Obama campaign will never let him forget that comment. He then came out a few hours later and said, well, the economy is in crisis. This morning he had revised his comments yet again, and now it is that the American worker is strong, but the economy is still in crisis. And now as we see, he's calling for a commission to study the problems on Wall Street, which is a tried-and-true Washington solution to, when there's little else you can do right away."
Harwood then played the full clip from McCain in Florida, putting in context what he said about the economy:
Republican presidential nominee Sen. John McCain, Ariz., has acknowledged his technological shortcomings, but some in the media continue to portray him as a techno-phobe with no meaningful contributions to that sector of the economy.
The September 16 "NBC Nightly News" examined McCain's rhetoric on the campaign trail in the wake of a serious banking crisis. Correspondent Kelly O'Donnell reported one campaign advisor cited McCain's legislative effort opening the door to technological advancements as evidence of his ability to steer Americans through the turbulent time.
"And Brian, when an adviser today was stressing John McCain's economic credentials, he told reporters that McCain quote ‘helped make this little miracle happen' - the Blackberry or cell phone - citing his work on the Commerce Committee," O'Donnell said.
Of course we all know that it's absolutely wrong and mean-spirited to suggest that anyone on the left could conceivably be unpatriotic [though an exception might be made for unrepentant terrorist friends of Barack Obama who accept from Vietnamese communists rings made from downed US planes.] So while we won't be using the u-word here, two recent MSNBC shows offer a remarkable contrast. Let's compare Chris Matthews' giddy reaction to news of difficulties in the markets with Mika Brzezinski's gloom in begrudgingly discussing the Iraq surge's success.
The first portion of the video is from the opening of Hardball of September 15th, the day when news was breaking of Lehman and Merrill Lynch's travails, and the DJIA had sunk over 500 points. Matthews could hardly contain his glee, comparing McCain to Hoover, and declaring that because of the "terrible news" about the economy, "as of today, this is no longer an election about lipstick on pigs, misleading ads or how many houses a candidate owns. This is serious. The economy is a real issue. With real consequences." Then there was today's discussion on Morning Joe of the surge's success. Mika's pout—on view in the screencap—epitomizes her reaction. I commend the entire video clip to your attention, but would focus on these exchanges.
In the midst of declaring the present economic troubles as comparable to the Great Depression, NBC's Today interviewed both John McCain and Joe Biden on Tuesday morning. Matt Lauer pressed against McCain's recent line that the economic fundamentals are strong: "But fundamentally speaking, isn't there something wrong with the fundamentals, right now, that's causing these nightmares that we're seeing?" Meredith Vieira asked Biden a tax question from the right: "You and Senator Obama are calling for tax increases on the wealthy and there are many economists who say that, that would hurt the economy even more." Biden objected as if the world never met a free-market economist: "I don't know any economist who is saying that." Vieira also asked why the Democrats aren't much further ahead with this gloomy economic outlook.
After the show's introductory sequence, Lauer declared himself the paperboy for a moment, relaying the New York newspaper headlines including: "The Daily News likes shorter and snappier. They simply say: ‘Shock Market.' They're calling this the biggest shakeup in financial markets since The Great Depression." Did they already forget "Black Monday" from October 1987?
When Andrea Mitchell says "all of us" thought a certain way, whom does she have in mind?
On her MSBNC show this afternoon, Mitchell stated that "all of us" originally thought John McCain had made a political mistake when he changed positions and came out of in favor of expanded oil drilling.
Mitchell was chatting with former Clinton press secretary Dee Dee Myers and Republican strategist Doug MacKinnon. The subject was the just-announced Dem energy plan, that claims to make some limited provision for expanded offshore drilling. Mitchell made no bones of the fact that the politics now favor the advocates of expanded drilling, and that Dems were caught off guard.
On Tuesday’s CBS Early Show, co-host Harry Smith interviewed John McCain about the recent collapse of Wall Street investment banks: " I want to make sure I have this straight now. Yesterday, on the campaign trail, you reiterated that you believe the fundamentals of the economy are strong. At the same time, we understand your campaign is issuing an ad that says the economy is in crisis. Which is it?" After McCain explained that he was referring to American workers, and that there is a crisis, Smith asked: "And the answer for which is what? Because throughout your campaign, you have said you are anti-regulation. Would not oversight have helped avert this crisis?"
Later, Smith asked: "Let me ask you this. Earlier this year on the campaign trail, you said -- or you admitted that you didn't know a lot about the economy. Why should voters trust you in these perilous times with the economy of the United States?" McCain responded: "You know, that's one of the interesting things about having long conversations. The point is, I was chairman of the Commerce Committee. Every part of America's economy, I oversighted. I have a long record, certainly far more extensive of being involved in our economy than Senator Obama does. I understand the economy. I know the issues-" At that point Smith interrupted: "Well, if that's the case, wouldn't you bear more responsibility for some of the crisis we're in then?"
Chris Matthews spent most of Monday night's "Hardball," laying out a blueprint for how Barack Obama can hit John McCain on the economy, as he compared the GOP presidential nominee to Herbert Hoover.
Opening the September 15 show, Matthews greeted viewers with the following teaser:
CHRIS MATTHEWS: Why is John McCain talking like Herbert Hoover? Depression or just depressing? Let's play "Hardball."...Did John McCain really mean to say the "fundamentals of the economy are strong?" Herbert Hoover, who presided over The Great Depression, said quote, "the economy is fundamentally sound." So is it fundamentally good politics to say, with the stock market plunging, that things are hunky-dory?
Then, in the first segment, Matthews kept pressing Sen. Charles Schumer about why Obama wasn't being more aggressive against McCain on the economy:
On a day when markets are in turmoil, you might think that the role of an American president, current or aspiring, would be to assure his fellow citizens—and the world—that our economy is fundamentally strong.
That's what John McCain did. In contrast, Barack Obama suggested that the American economy is fundamentally weak. WaPo's Jonathan Capehart has declared Obama the winner of the exchange, for doing a better job in channeling the country's anxiety.
Click on image for video of McCain and Obama addressing the state of the economy on the stump today, and Capehart's commentary.
On day one of "Good Morning America's" five day train trip across America, host Diane Sawyer announced a slate of guests filled almost entirely of liberals. At the top of Monday's program, Sawyer touted a schedule that included Barack Obama on the 15th, Hillary Clinton on Tuesday, John and Cindy McCain together on Wednesday, Joe Biden on Thursday and Michelle Obama on Friday. For those keeping track, that's four liberal guests and one conservative duo. (Notice that Barack and Michelle Obama each get their own day, while the McCains appear jointly.)
The journey on the rails, which GMA has dubbed the "Whistle-Stop Tour '08," began in several towns in Massachusetts. Three segments revolved around Sawyer and fellow co-hosts Chris Cuomo and Robin Roberts talking with either residents or patrons of various restaurants. And while many of the Americans highlighted expressed concerns that no one would disagree, the ABC program also included a number of liberal perspectives and only one that could be called vaguely conservative. (Massachusetts resident Richard Bonito mentioned security and the need for a strong defense.) Resident Frank Algerio called for a "cap" on high gas prices. One Nicky Vaughn hoped the next president would pull troops from Iraq. No anchor or host pointed out the extremely left-wing make-up of the state either.
In Charles Gibson's third interview session with Sarah Palin, conducted at her home in Wasilla and featured on Friday's World News, Gibson asserted “we've got a very sick economy,” pressed her to list how she'd change Bush economic policy, insisted she concede “it's now pretty clearly documented you supported that bridge before you opposed it” (and to defend Alaska's continued earmark requests), all before he ran through several social issues -- from abortion to guns -- forcing her to state positions Gibson certainly realized would cement her to ideologically conservative positions seen as extreme by many of his viewers.
On the economy, with the Palin's airplane visible lakeside in the background, Gibson proposed: “John McCain and you are now talking about the GOP as a party of change. We've got a very sick economy. Tell me the three principal things you would do to change the Bush economic policies.” Amongst his follow-ups: “Summarize the three things that you'd change in the Bush economic plans.” Gibson soon ran through a list of social issue topics:
> Roe v. Wade, do you think it should be reversed?...John McCain would allow abortion in cases of rape and incest. Do you believe in it only in the case where the life of the mother is in danger?...Would you change and accept it in rape and incest?
> Embryonic stem cell research, John McCain has been supportive of it.
> Homosexuality, genetic or learned?
> Guns: 70 percent of this country supports a ban on semiautomatic assault weapons. Do you?
On CNBC's "Squawk Box," reporter Charlie Gasparino told co-host Joe Kernen, "I will say this about the Bear Stearns thing when you compare that [Lehman] with this. I think our reporting was incredibly responsible. It was so responsible ... and you know we went out of our way with Bear Stearns ... We just report on how feckless management is and I can't help that Bear Stearns was feckless. [Lehman] was feckless too and that is the scary part."
"They're going to parse every ‘is' that a journalist said," said Kernen. "We don't hammer the stock. We watch the stock get hammered and then we talk about it."
CNN’s “best political team on television” is proving itself to be the best at closing its eyes, plugging its ears and repeating “la, la, la, we can’t hear you” when it comes to Republicans addressing economic concerns.
In its coverage of the Republican National Convention September 3 and 4, the cable network accused the GOP of ignoring the economy at least 27 times. The criticism originated from Sen. Barack Obama’s campaign, and CNN picked it up and ran, according to analysis from the Business & Media Institute.
Nevermind that five of the Republican convention’s headline speakers –President George W. Bush, former Sen. Fred Thompson, former Massachusetts Gov. Mitt Romney, vice presidential nominee Gov. Sarah Palin and presidential nominee Sen. John McCain – all addressed some aspect of the economy. That’s not including other speeches that were not broadcast.
On MSNBC's "Morning Joe" September 8, Jim Cramer took a shot at owner of The Wall Street Journal, Rupert Murdoch, in the midst of talking about the Fannie Mae and Freddie Mac takeover:
I read The Wall Street Journal, sorry, The Fox Street Journal. When is Murdoch going to put his positive right wing implant on left wing journalists? ... When is Murdoch going to broom the Spartacus workers union?
As for Fannie and Freddie, Cramer told the hosts of the September 8 broadcast that "We had a laissez-faire attitude. Now we are going to have the greatest bureaucracy in history created by Republicans. I'm an agent of change," Cramer said sarcastically.
Later in the segment, Cramer joked that the Democratic Party were "Bolsheviks" quipping, "There. How's that for biased media?"
"Good Morning America" on Monday featured liberal New York Times columnist Tom Friedman as an energy expert to "fact check" John McCain's policies on the subject and advocate for higher taxes. GMA co-host Diane Sawyer never referred to Friedman's economic policies as liberal, despite the fact that he repeatedly made assertions such as this: "But, you know, there's really no effective plan to make us energy independent without what I call a price signal, without either a carbon tax or a gasoline tax that's really going to shape the market in a different way."
Sawyer began the segment by noting both candidates have plans for energy independence. She then asked, "Are they going to achieve it? Do they mean it?" However, the ABC host didn't ask Friedman to "fact check" Obama's plan. Instead she simply recited the Democrat's plans for eliminating Mid East Oil. And while Friedman freely attacked McCain's policies, he responded to a clip of Obama talking about investing more money into alternative energy by, again, complaining about a lack of gasoline tax: "Unless we have a floor onto the price of gasoline that really keeps that behavior going, you can't throw enough money at this problem."
On Sunday’s Face the Nation on CBS, host Bob Schieffer interviewed Republican presidential candidate John McCain and wondered why Americans weren’t sacrificing more during a time of war: "But we have one half of one percent of the American people who are making all of the sacrifice in this war. If the rest of us didn't watch television or looked at the newspaper, we might not know there's a war going on. Our taxes didn't go up, there's no rationing. If you didn't look for it, you wouldn't know the war was going on. Shouldn't there be some way, in a democracy, that we share this burden?"
Earlier in the interview, Schieffer asked McCain about the Republican convention and the delegates represented:
Thanks to Sarah Palin, the culture war has become a civil war—on the left. Mika Brzezinski bravely opened a new front in the conflict during today's "Morning Joe," repeatedly going after two female MSMers for suggesting Palin is taking the working-mom thing too far.
And, mirabile dictu, Mika even admitted to sensing MSM unfairness to Republicans.
"This is an argument Joe and I have about fairness and whether or not there are some sort of underlying unfairness when it comes to Republicans. And I just, you know, I feel it here," Brzezinski said referring to a Wall Street Journal op-ed by Katty Kay and Claire Shipman. Full text and commentary after the jump. View video here.