During June 30th's "Larry King Live," Robert F. Kennedy Jr., senior attorney at the National Resource Defense Counsel, made a head-turning statement regarding subsidies to the oil and coal industry, and not a single panelist challenged him on it. Not that one would expect King himself to do it; however, the other panelists included Chevron's David O'Reilly and ABC's John Stossel. Relevant portion of the transcript follows:
JOHN STOSSEL, ABC'S "20-20": I think a lot of it is silly. I think we have an energy policy in America and the world and it's called the free market. When oil is above 100 dollars a barrel, coal, as he's saying, becomes viable. We don't need Washington to do it. It's a fatal conceit to say the politicians can lead this. Higher prices will lead to alternatives.
In his first Sunday as interim host of "Meet the Press," retired NBC anchorman Tom Brokaw suggested he would lean strongly to the left this year. He lamented the presence of "scurrilous things about Barack Obama out on the blogosphere." He asked a series of questions about "climate change," suggesting it’s a "wise decision" to have a ban on new coal-driven power plants. His only Tim Russert-style block of text was New York Times columnist Thomas Friedman's denunciation of President Bush’s "massive, fraudulent, pathetic excuse for an energy policy." The only surprise was asking Colorado Gov. Bill Ritter if the Democratic platform would favor abortion again, noting Ritter was "anti-abortion." But as Ritter touted himself as a "great example" of his party’s diversity on abortion, Brokaw ignored Ritter’s liberal-pleasing record on abortion.
Brokaw’s first guests were Gov. Bill Ritter of Colorado and Gov. Dave Freudenthal of Wyoming. Brokaw worried that the people of Wyoming might be swayed by scurrilous rumors about Obama: "There's been some scurrilous things about Barack Obama out on the blogosphere. When you announced your endorsement, did you hear any of that in Wyoming, or did you hear from bloggers who are not happy with him, either as a result of his political positions, they've attacked his name and even raised questions about his faith?"
On Monday’s CBS "Early Show," co-host Harry Smith talked to economic analyst Mark Zandi about the state of the economy and asked: "Oil's up, gasoline's up, food prices up, stocks, way, way, way, way down. Home owner -- home values are down. Is there an end in sight to all of this bad news?" Zandi replied: "You just made me depressed. No. It's just bad news. It really is...It's just a really tough time for many Americans."
Later, Smith commented on how all the bad economic news seems to contribute to bad economic events: "It just seems like we're in this cumulative cycle that, you know, once one threshold of bad news gets reached, we reach to yet another one." That comment sparked this exchange with Zandi:
ZANDI: Yeah, it's a self re-enforcing negative cycle. You know, that's what happens during recessions, and that's what we're in the middle of right now.
SMITH: Whoa, is this a recession?
ZANDI: You know that -- that's a debate among economists and policy makers. But in the minds of the average American household I think there's no debate, this is a recession. I mean they're worth less today than they were a year ago, they're purchasing power is lower. I mean, for most people that's the definition of recession. So, economists can debate it but I think most people think this is a recession.
Expensive gas isn't so bad to the "CBS Evening News," as long as it promotes an agenda that caters to left-of-center sensibilities and makes Americans behave more like Europeans.
Economists from Canadian Imperial Bank of Commerce (CIBC) (NYSE:CM) forecasted $7-a-gallon gas prices by 2010, which according to some analysts would force 10 million vehicles off U.S. roads over four years. CIBC based its prediction on $200-per-barrel oil by 2010.
"In fact, by 2012, higher prices could send an additional 10 million vehicles off the road," CBS correspondent Priya David said June 26. Although $7 gas would do the most harm to low-income Americans, David praised the effects it would have in easing congestion.
Brian Williams raised the possibility of General Motors (NYSE:GM) going out of business on the June 26 "NBC Nightly News" to Jim Cramer, host of CNBC's "Mad Money."
"[J]im, I know you talk about this, think about this everyday for a living and have a formula regarding this," Williams said. "But first, what's going on out there? I heard one analyst today said, ‘GM will go out of business,' though I know a lot of people disagree with that and it's a scary thought."
Remember when the 49ers gold rush happened in Maine? How about when Dan'l Boone explored California? Do you remember when Lee surrendered his Confederate army in Fargo, North Dakota? Well, to those famous places with famous incidents we can add that great Revolutionary War battle of Lexington and Concord... Virginia. At least we can do so in the reckoning of one Jamie Fansworth of the CBS News blog "From the Road" because it seems our friend Farnsworth is a little fuzzy on where some of the most famous battles of the American Revolution were held.
Who cares if Barack Obama won't protect a child who is born alive after an abortion? Gas is over $4/gallon!
So argued Donna Brazile when Bill Bennett pressed her on the matter today. The issue arose during a post-Obama press conference kibitzing session on CNN's Situation Room. Bennett was making the point that the complaisant media in attendance had failed to press the candidate on tough issues.
In the past when Warren Buffett has spoken out the "super rich" needing to pay a higher tax rate, the media have hung on his every word. But, now that he has spoken out against a windfall profits tax on oil, will they notice?
"I think it is very hard to have windfall taxes," Buffett said. "Steel has doubled in price. Is that a windfall for the steel producers? Sure. Corn is $7 a bushel; soybeans are at $15 a bushel. I don't think any candidate in his right mind with the number of electoral votes in farm states would say you ought to tax farms specially because they are getting a windfall."
On her Tuesday evening "On the Record" program, Greta Van Susteren interviewed Speaker of the House Nancy Pelosi. The cost of gasoline was the first topic discussed. The speaker told of actions the Democrat-controlled Congress has taken. Charitably, these are marginal at best, yet Van Susteren didn't challenge Pelosi. Then the host asked about assigning blame for high gas prices:
VAN SUSTEREN: Do you assign all of the blame for the high prices on the Bush administration, or do you look back historically to a number of factors, including appetite by the American people, other administrations, other Congresses?
PELOSI: No, I don't assign blame to the Bush administration, I accuse them. I am more direct than that. I accuse them of ignoring something that was becoming apparent over time.
Ten years ago the price was under $11 in 1998--under $11. Two weeks ago, the cost of oil went up in one day nearly $11. So the policy decisions made by this administration in terms of energy have contributed to this oil crisis by not accepting early on the need for us to have renewable and other alternatives.
On Tuesday’s CBS "Early Show, " co-host Julie Chen lead the show with a depressing segment on the economy: "...with the economic woes hitting the nation, we have your complete guide to surviving the big squeeze." Chen proceeded to highlight high gas prices, then explain how "...the crisis in the housing market is also a drag on the economy," and finally, "Completing this perfect storm of economic woes, the devastating floods in the Midwest and how they will directly impact food prices."
When discussing the housing crisis with correspondent Thalia Assuras, Chen asked in desperation: "Thalia can you tell us anything good? Is there any relief in sight?" Assuras then offered a small glimmer of hope: "Well, the Senate toady is actually going to consider a foreclosure prevention plan or rescue plan of looking at the numbers here. It's going to provide $300 billion in new cheaper mortgages for high risk homeowners." However she then made it clear that Bush Administration would soon crush such hope: "But you know Julie, there's going to be a lot of squabbling and the White House has threatened a veto."
Following Chen’s report, co-host Maggie Rodriguez talked to financial advisor Dave Ramsey and took the same pessimistic tone: "So with all this economic volatility, what are we supposed to do?...if there was ever a time to panic, is this it? It sounds pretty gloomy." In contrast, Ramsey was having none of it: "Absolutely not. I'm sorry I'm not with Chicken Little and we're not handing out helmets. There -- it is not a time to panic, there's lots of good things going on in our economy and for most people this may represent opportunity."
PBS's Bonnie Erbe hosts that network's weekly news analysis program, "To the Contrary with Bonnie Erbe," is a weekly columnist for Scripps Howard Newspapers, and blogs at USNews.com.
Erbe called for the impeachment of George Bush in February 2006. Anyone looking through her Scripps Howard archive will conclude that she can't possibly be labeled a conservative ideologue -- which is why her take on the attempt by CNN's John Lewis to make it appear as if both the Obama and McCain campaigns are equally hampered by flip-flops is so compelling.
Here's how "A battle of accused political 'flip-flops'," the CNN report at which Erbe takes umbrage, begins:
Days after both men reversed course on major issues, the presidential campaigns of Sen. Barack Obama and Sen. John McCain spent much of Sunday's talk-show circuit working to ensure accusations of "flip-flopping" don't stick.
NBC's "Today" show handed "New York Times" columnist Thomas Friedman a platform, on Tuesday's show, to rail against President Bush's "incoherent mess" of an energy policy, and demand a $1/gallon gas tax, as well as a $4.50 price floor on gas.
"Today" co-host Meredith Vieira spurred on Friedman as she recited the most inflammatory passages from his Sunday column:
MEREDITH VIEIRA: Well in this column on Sunday, you don't hold back. You refer to the President as our "addict-in-chief." You say his energy plan is, "Get more addicted to oil." You go on to say, "It is hard for me to find the words to express what a massive, fraudulent, pathetic excuse for an energy policy this is." What is it, Tom that, you find so offensive in his energy plan?
Mike Barnicle has some campaign advice for John McCain: don't say anything about Obama's questionable connections. The former Boston Globe columnist, with a heartfelt second from Mika Brzezinski, wants the world to know that he's heard enough about Reverends Wright and Pfleger, not to mention Bill Ayers, and thinks McCain would "win a few points" for staying away from all that stuff and concentrating on the important issues facing Americans—like better batteries.
Barnicle made his suggestion on today's Morning Joe in commenting on an audio clip of Obama warning a crowd this past Friday that the Republicans will, among other misdemeanors, play the race card against him and accuse him of having a "feisty wife."
From the Disney-owned Web site that brought you concerns that college co-eds were foregoing textbooks to pay for birth control comes the latest tale of high gas price-induced economic woes.
"Nevada Brothels Hit Hard by Gas Prices," ABCNews.com trumpets in a teaser headline in the top headlines slideshow on its front page. The editors showed a bit more leg in the photo caption: "Owners fight back: free $50 gas cards for high-spending customers."
Here's some of the tale of woe from the article itself:
As the Silver State's fuel prices hit all-time highs, Nevada's brothel employees find it harder to make a living these days, leaving some people wondering whether they should stay in the business.
At the Stardust Ranch in eastern Nevada, bartender Cindy Howe says they're "down to only two girls. They don't want to come here because business is down."
UPDATE: Hard to imagine, but it's even worse than originally thought. AP's go-to "historian" is, as Wikipedia shows, a shameless politically active far-leftist (HT Eric at Vocal Minority).
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Two Associated Press writers, with the help of accompanying photos at ABCnews.com, have dug down deep and reached a new low in dismal, depressive reporting.
You can be forgiven if, after reading the entire Saturday afternoon "report" by Alan Fram and Eileen Putman of the Associated Press, you worry that the two writers plan to jump from the nearest tall building -- and take their readers with them -- unless Barack Obama wins the White House.
This is how the pained pair's incredibly over-the-top report begins (note how the headline answers the question before the text begins; excerpted text is included here for fair use and discussion purposes, as are photos originally found at the ABC link that are included at the cross-post):
Everything seemingly is spinning out of control Out-of-control weather, gas prices, economy chip away at American self-confidence
As anyone aware of the concept of supply and demand could have foreseen, Americans are driving less now that gasoline prices have passed $4.00 per gallon. So on this morning’s Today show, NBC’s Tom Costello dutifully noted that Americans have driven 20 billion fewer miles so far this year, but then declared a “bad news” side effect of drivers buying less gasoline:
“We use federal tax money that comes from gasoline sales to maintain the nation’s roads and bridges. We’re looking at a billion-plus-dollar short fall right now, and the National Governors Association wants Congress to come in and fill the gap.”
I guess “filling the gap” could either mean hiking the tax on gasoline, or supplementing the highway fund with other tax dollars. Maybe the real “bad news” for consumers is that some politicians seem determined to collect all of the gasoline taxes they desire, whether drivers actually buy the gas or not.
Not a mere hell-freezes-over-moment. Call it–in honor of Chinese Olympic diving which made the NY Times today–a a triple-twisting forward three-and-a-half flying pig, pike position. An MSM reporter has condemned socialist big-government programs, adding a pitch for unrestrained free-market forces. Check the end of this item for a factoid making the moment even more remarkable.
CNBC's Michelle Caruso-Cabrera made the stunning statement on Morning Joe today while reporting on a change in Chinese policy that should lower the price of crude oil world-wide.
No wonder Barack Obama doesn't get challenged by the media on fundamentals -- y'know, things like how many states there are in the union (he says 57 or so), whether Illinois is closer to Kentucky than Arkansas (he says it's not), or whether Warren Buffett's income (!) is $56 billion (Obama seems to think that income and net worth are the same).
Apparently, some in the media have similar serious problems with basic economics and math.
Check out this from AFP about Americans' driving (bolds are mine):
ABC's World News and the NBC Nightly News gave plenty of time to left-wing environmentalists and Democrats opposed to President Bush's call to open up oil drilling off the shores of the continental U.S., but unlike the CBS Evening News the two newscasts provided equal time to supporters and experts who predicted it would lower gas prices. CBS reporter Bill Whitaker began with pro and con soundbites, but his story quickly deteriorated into a brief against the proposal with opponents and those saying it would do nothing to lower prices getting twice as many soundbites (4) as supporters (2).
Whitaker used California Governor Arnold Schwarzenegger to illustrate “bipartisan” opposition as he reminded viewers of a spill nearly 40 years ago: “In California, which suffered a devastating oil spill from a rig off Santa Barbara in 1969, opposition to offshore drilling is bipartisan.” Following a soundbite from Schwarzenegger, Whitaker hailed how “from Republican Governor Schwarzenegger to local environmentalists, California is largely green.” Whitaker next tried to undermine the proposal: “Drilling opponents say reserves off California wouldn't last long. In fact, at current consumption rates, 21 million barrels a day, Americans would use up the estimated 18 billion barrels off the coasts all around the country in less than two and a half years.”
Out: Suggestions that Sen. John McCain (R-Ariz.) has lost his bearings. In: Jokes about him being "liable to break a hip."
Opening his Campaign Sketch column today, Washington Post's Dana Milbank painted the Arizona senator as a political dancer shuffling left-and-right all over the campaign floor:
If John McCain keeps dancing like this, he's liable to break a hip.
Last month, he shimmied to the left on energy policy, infuriating conservatives with a plan to cap carbon emissions. Yesterday, he shuffled back to the right, demanding an end to quarter-century-old bans on offshore oil drilling.
Barack Obama’s press contingent has shrunk now that the primary campaign is over, but will we learn of everything he’s saying on the stump? On Monday in Flint, Michigan, Obama repeatedly declared that we’re funding terrorists when we buy foreign oil. In Tuesday’s Washington Post, Obama’s Flint speech drew one sentence at the very end of a story on page A-7. Doesn’t this passage stand out? (Courtesy of reporter Lynn Sweet's blog):
Oil money pays for the bombs going off from Baghdad to Beirut, and the bombast of dictators from Caracas to Tehran. Our nation will not be secure unless we take that leverage away, and our planet will not be safe unless we move decisively toward a clean energy future.
This is an odd passage for several reasons. First and foremost, far from taking "leverage" away from dictators in Caracas and Tehran, candidate Obama has explicitly promised to meet them without any troublesome diplomatic preconditions.
Second, Obama’s declaration that our oil purchases buy bombs on the Arab street doesn’t specify whether he means Iran, Saudi Arabia, or somehow al-Qaeda.
With oil prices approaching $150 a barrel, and gas now over $4 a gallon (approaching $5 where I live!), Newt Gingrich's American Solutions for Winning the Future has launched a campaign to force Congress to reconsider current policies that prevent our nation from drilling for oil within its borders and territorial waters:
As gas prices continue to increase, Congress continues to blame others while ignoring practical steps to stop the pain Americans are feeling at the pump. To lower gasoline prices and reduce our dependence on foreign oil, we need real solutions to our energy challenges.
With this in mind, AS has started an online petition, with almost 750,000 signatures collected already, with the following goal (video embedded right of actor Chuck Norris explaining the campaign):
The Associated Press's Martin Crutsinger got out the gloom-and-doom paint in his report on the Consumer Price Index on Friday morning.
Here are his opening paragraphs:
Inflation rate jumps by biggest amount in 6 months
Inflation shot up in May at the fastest pace in six months, pushed higher by soaring costs for gasoline and other types of energy.
The Labor Department reported Friday that consumer prices rose by 0.6 percent last month, the biggest one-month increase since last November, as gasoline costs surged by 5.7 percent. Food prices, which have also been rising sharply, were up 0.3 percent as the cost of beef and bakery products showed big gains.
Core inflation, which excludes energy and food, edged up a more moderate 0.2 percent in May. But even there, core prices are up 2.3 percent over the past 12 months, above the Federal Reserve's comfort zone.
Trouble is, the markets weren't buying into the negativity Crutsinger was selling, as SmartMoney.com reported after the closing bell:
On Thursday, ABC News took global warming hysteria to a new level.
After Chris Cuomo and Bob Woodruff previewed an upcoming environmental scare piece on "Good Morning America" as previously reported by my colleague Scott Whitlock, an article was posted at the network's website asking (emphasis added throughout):
Are we living in the last century of our civilization? Is it possible that all of our technology, knowledge and wealth cannot save us from ourselves? Could our society actually be heading towards collapse?
Following this irresponsibly alarmist opening paragraph, the article continued:
This September, in Earth 2100, a dramatic ABC News 2-hour broadcast, the greatest minds across the globe will join together in a countdown to the year 2100 to tell us what we must do to survive the next century … And what may happen if we don't.
As Whitlock transcribed for your review Thursday, here were some of the key moments of hysteria on that morning's "GMA" (video available here):
U.S. corn futures topped out at record highs on June 11 on the news that the impact of flooding in the Midwest would hurt this year's corn crop, but the June 11 "CBS Evening News" left out one significant detail in its reporting about the crisis.
"[A]gricultural disaster aid has been requested for Iowa, Illinois, Wisconsin and Michigan," CBS correspondent Cynthia Bowers said on the June 11 "Evening News." "The federal government estimates that this year's corn crop will be 10 percent lower than last year's. That's down 1.4 billion bushels, and it's too late to do much about it."
According to a Reuters story, corn prices on the Chicago Board of Trade have shot up 80 percent in the last 12 months, with almost 17 percent of that just this month. But Bowers didn't explain how the prices got so high before the floods, which put consumers of corn products in this vulnerable position. Corn futures were already priced high because of a heightened demand - artificially stimulated by federal government subsidies for ethanol produced from corn.
CNN continued to harp about "big oil’s" record profits and the Democrats’ proposed windfall taxes on companies like ExxonMobil on Wednesday. In an interview of Kansas Senator Sam Brownback on "American Morning," co-host John Roberts was amazed over the Republican’s opposition to the tax proposal. "There were a couple of other provisions in this bill. One of them were to roll back the $17 billion in annual tax breaks so that these five biggest oil companies get. Together, they made... $36 billion in profits in the first quarter this year. Why do they need $17 billion in tax breaks?" Later, during "The Situation Room," host Wolf Blitzer returned to his laser-beam focus on ExxonMobil as a particularly "guilty" part of "big oil." He asked former Republican presidential candidate Mitt Romney, "Explain why it's appropriate at this time of rising gas prices, for ExxonMobil, for example, to get additional tax cuts."
Last week I noted how Time.com posted an unscientific poll on its Web site asking readers to vote whether "gas and heating oil [should] be rationed until prices come down." At the time I lamented that it "serves to further the MSM's fear-mongering about the economy while banging its left-wing drum beat about oil and gas prices."
Today the magazine's Web site is asking another gas price question, with two options that play to extremes. "Is $4-plus gas" either a "disaster for the economy" or a "boon for environmentalism" asks the poll.
What, no third option for "both"? After all, a disaster for the economy resulting in a steep recession would surely do wonders for reducing America's carbon footprint!
So far nearly 6-out-of-10 respondents have said it's a "disaster" for the economy, which must be bad news for global warming alarmists that our friends at the Business & Media Institute have documented.
What's more, as BMI archives show, media bias in favor of high gas prices isn't anything new.
CNN’s Wolf Blitzer pressed McCain campaign adviser Carly Fiorina about oil companies "awash in record profits" on Tuesday’s "The Situation Room." The CNN host used ExxonMobil as an example five different times in his questioning. "...ExxonMobil has got these billions and billions of dollars in record profits. They can afford to not necessarily get additional tax cuts."
After Fiorina outlined McCain’s proposal to lower the federal business tax rate at the beginning of the segment, which began 14 minutes into the 5 pm Eastern hour of the CNN program, Blitzer took a persistent stance in asking if the reduction in taxes included "big oil." First, the CNN host asked, "Would that reduction of the tax rate also include, as Obama says, ExxonMobil and the other big oil companies, who are awash in record profits?"