It's an issue that libertarian Rep. Ron Paul, R-Texas, and Sen. Bernie Sanders (I-Vt.), a self-proclaimed socialist agree on: Congress should have the authority to call for the Federal Reserve to be audited.

But it is also something that some in the financial media are reluctant to support, especially judging from the tone of CNBC "The Call" co-host Trish Regan and comments CNBC senior economics reporter Steve Liesman. On the Nov. 20 broadcast of "The Call," CME Group reporter Rick Santelli made the case that Federal Reserve should be audited. He cited opposition to the Fed audit proposal from Sen. Judd Gregg, R-N.H., which was based on Congress' inability to be fiscally responsible.

"He said, ‘You know, there independence is important to protect the soundness of the dollar,'" Santelli said. "Has he read any papers lately or looked at any charts? Come on. Amen, amen that this process is happening. They're not taking away their independence to make a decision on interest rates. We need to know where the money is going. I remember when Ben Bernanke faced committees of elected officials and said, ‘We can't audit the Fed because then you might look unfavorably on some of the counterparties we deal with. That's like finding paraphernalia under your kids bed and then not asking where he got it."

Two CNN programs ran news briefs on a new study on movie popcorn from the Center for Science in the Public Interest, but omitted its left-wing affiliation. Anchor John Roberts mentioned the group by name on Wednesday’s CNN Tonight, but didn’t mention its liberal politics. His colleague Kiran Chetry didn’t even mention CSPI by name during her brief on the study on Thursday’s American Morning.

Roberts read his news brief on the CSPI study 12 minutes into the 7 pm Eastern hour: “[W]e all know how expensive popcorn and soda is at the movie theater, but you may not know the cost to your waistline. The Center for Science in the Public Interest tonight says it has the answer. The group analyzed how much fat and calories are in a medium sized popcorn from Regal, which is the country’s largest movie chain.” He continued that “an astonishing 1,160 calories and 60 grams of fat- that is three days worth. Add a soda to the mix, and the combination is equal to eating three McDonald’s quarter-pounders plus 12 pats of butter. The calorie and fat count was far more than claimed by the movie theater company.”

Steve Waldman, the "founding soul of Beliefnet" and a former Newsweek reporter and US News & World Report editor is now spinning through the revolving door into the Obama FCC, reports Cathy Lynn Grossman of USA Today:

Steven Waldman, founder, editor and leading political blogger of Beliefnet.com, the nation's top Internet spirituality site, is leaving for a post in the Obama administration.

He's posted a farewell letter on his blog calling this "the most difficult (and surreal) post I've had to write" as he departs to become senior adviser to new chairman of the Federal Communications Commission, Julius Genachowski.

Grossman's brief October 28 Faith & Reason blog post failed to mention Waldman's stint in the Clinton administration, but then again Waldman's Beliefnet blogger bio page also leaves out his work as senior advisor to the CEO of the Corporation for National and Community Service -- the bureaucracy that runs AmeriCorps -- during the Clinton administration.

It is bad when an anchor from a sister network feels compelled to call out a colleague about the lack of ideological balance, but that's just what CNBC's Larry Kudlow did on his Oct. 27 program. 

In a time when some of CNBC's critics demand the network be held to a high standard when it comes to balance, a different standard is applied to MSNBC. And a lack of balance is something Kudlow pointed out.

Kudlow, referring to the Oct. 26 broadcast of MSNBC's "The Ed Show," which featured Rep. Barney Frank, perennial presidential candidate Ralph Nader and the host Ed Schultz, noted all the participants were left-of-center.  And in the appearance, Frank made a pitch for the expanded role of government and argued the only reason people opposed it was because they were disillusioned by the government for its failures during the Bush administration, specifically dealing with Hurricane Katrina.

Recent problems with the financial system could be used as a reason for regulators to have authority policing social networking sites like Facebook and other types of electronic communication like text messaging. If Financial Industry Regulatory Authority (FINRA) CEO Richard Ketchum has his way, that's exactly what will happen.

Ketchum appeared on CNBC's Oct. 27 "Closing Bell" in an interview with the network's NYSE floor reporter Bob Pisani from the Securities Industry and Financial Markets Association (SIFMA) annual meeting in New York City. Ketchum explained how the Internet and text messaging are unconventional means of communication that pose problems for regulators.

"With all of our kids, they don't talk by phones or certainly directly to each other anymore," Ketchum said. "They talk through the Internet and they talk through text messaging and they talk through Facebook."

Every time the White House has a new enemy, left-wing Web-based media outlets take up the cause to defend the Obama administration.

Earlier this year when CNBC personalities criticized the Obama administration, the Huffington Post and other components of the left-wing noise machine watched every word said on the financial network - an effort that has since petered out. The Huffington Post also asked readers to supply reports to undermine the credibility of the tea party protests that were critical of the Obama administration.

So it should come as no surprise that the Huffington Post is making a call for all hands on deck to aid the White House with its latest feud with the U.S. Chamber of Commerce. The Huffington Post now wants to know who gives money to the Chamber of Commerce.

Over the past couple of weeks, the White House has piled on the Fox News Channel, with a trio of high-ranking administration officials publicly criticizing it, followed by words from President Barack Obama himself about Fox News and topped off with the White House attempting to exclude Fox from the White House press pool. That has some members of Congress questioning why they are doing this..

Earlier, Rep. Mike Pence, R-Ind., took on the issue and defended Fox and its audience. However, Rep. Lamar Smith, R-Texas, also took on the White House and questioned why it would be something Obama and his administration should be concerned with in comments from the floor of the House of Representatives on Oct. 20.

CNN political analyst Roland Martin ripped President Obama from the left on Wednesday’s Newsroom, after the White House announced that they were going to cut the pay of top executives at corporations which took taxpayer money from the federal government for bailouts: “It’s about damn time. The White House, frankly, has been slow in actually making this happen.”

Near the end of the 3 pm Eastern hour, anchor Rick Sanchez broke the news about the Obama administration’s decision to “put the kaputs on some of these big-timers with some of these Wall Street firms like AIG, and they are apparently going to ask them to take a cut in annual salaries of their 25 highest paid executives by an average...of 90% from last year.” Sanchez brought on Martin to comment on this breaking news, and the analyst’s reaction was unequivocally critical of the administration’s inaction in going after executive pay.

Want to make a big splash to bolster your chances in a political campaign? A tried and true strategy for some attorneys general has been to champion a populist position by exploiting the legal system for publicity. Just look at the lead up to the launch of former New York AG Eliot Spitzer gubernatorial campaign with his attacks on Wall Street.

And that appears to be the playbook California Attorney General Jerry Brown is using in a lawsuit accusing State Street (NYSE:STT) of cheating the state's two largest pension funds, the California Public Employees' Retirement System and the California State Teachers' Retirement System, of at least $56.6 million.

However, CNBC's Michele Caruso-Cabrera wasn't afraid to ask Brown if that was indeed the case in an Oct. 20 interview on CNBC's "Power Lunch."

CNN’s Carol Costello again omitted the liberal source of a statistic she touted during a report on Wednesday’s American Morning, that 91% of talk radio is apparently conservative. Costello also pushed the left-wing aim of localism in radio programming, playing three soundbites in favor of the proposal, versus two against it.

Near the end of her report, which aired at the bottom of the 7 am Eastern hour, the CNN correspondent cited ultra-left talker Randi Rhodes (all three clip in favor of localism came from Rhodes), who “says millions of Americans get their political talk from AM radio -- 91 percent of which is conservative.” Costello didn’t cite the source of the figure, which comes from a 2007 report by two liberal organizations -- the Center for American Progress and Free Press -- and co-authored by Mark Lloyd, who is now the FCC’s “chief diversity officer.” The correspondent touted the figure as well during a report on Monday’s American Morning, where she claimed that it came from “Talkers” magazine. The figure itself is misleading because, as MRC’s Culture and Media Institute pointed out, the CAP report ignored “non-commercial radio,” such as NPR and other public radio networks.

MSNBC's David Shuster declared yesterday's fake Chamber of Commerce presser at the National Press Club the "Best prank of [the] week" on his Twitter page shortly before 5:30 p.m. EDT today. He added a link taking readers to the left-leaning blog Talking Points Memo.

A group of liberal environmentalist activists punked some journalists by throwing a press conference claiming to represent the Chamber of Commerce. In the fake presser, the pranksters claimed that the Chamber was reversing its opposition to so-called cap-and-trade legislation.

In a follow-up Tweet, Shuster added:

Media Research Center Communications Director and NewsBusters.org contributing editor appeared live in studio with Glenn Beck on his Fox News program yesterday where he discussed more damning information he's unearthed about FCC diversity czar Mark Lloyd: his ties to Marxist Hugo Chavez defender Robert McChesney. [MP3 audio available here]

McChesney's leftist group, ironically styled Free Press, co-authored with Lloyd and the liberal Center for American Progress a paper exploring "The Structural Imbalance of Political Talk Radio," which essentially serves as a treastise to justify "balancing" political talk radio via government regulation.

It isn't often that one can see two decades of history re-written in under ten minutes.  But such was the occasion on this morning's episode of Morning Joe. Max Blumenthal, author of "Republican Gomorrah: Inside the Movement that Shattered the Party," spent his time on the show demonstrating the combined power of cognitive dissonance, wanton ignorance, and a willingness to re-write historical fact.

Let's take it in chronological order, shall we?

First, Blumenthal is asked to present the major thesis of his book:

CNN anchor Wolf Blitzer highlighted the latest study from the Center for Science in the Public Interest during a news brief on Tuesday’s Situation, but omitted the left-wing bent of the organization, referring to it as merely an “activist watchdog group.”

The CSPI released their “Ten Riskiest Foods Regulated by the U.S. Food and Drug and Administration” earlier in the day, and the CNN anchor noted that these edible items are “some of the healthiest foods all of us could eat, but according to an activist watchdog group, they could still make us all of us sick.” He continued with a summary of the organization’s findings, including a paraphrase of the study’s title: “Researchers say leafy greens, eggs, tuna, oysters and potatoes are among the top ten riskiest foods regulated by the FDA.”

In early July, following the very first month after Chrysler LLC emerged from bankruptcy, the Associated Press, in an unbylined report about changes in the company's board, saved this little nugget for the last of its eight paragraphs:

Chrysler's poor June performance also casts doubt on whether the U.S. government's $7 billion allocation will be enough to get the automaker through the U.S. sales slump, which is projected to last into next year.

Those doubts are growing. In a report on Chrysler's just-announced management shakeup, AP auto writers Tom Krisher and Dee-Ann Durbin began their report by ringing the alarm (bolds are mine):

With sales down sharply and pressure to start generating cash before government loans run out, Chrysler CEO Sergio Marchionne shook up his executive team Monday, replacing two of his brand managers after just four months and splitting Dodge into car and truck units.

Has it really come to this? Is MSNBC so in the tank for the Democratic Party that it takes far-left documentary filmmaker Michael Moore to bring up malfeasance by a leading Democrat?

Moore appeared on MSNBC's Sept. 29 "Hardball" to promote his new film "Capitalism: A Love Story." With exception of "The Ed Show" fill-in host Lawrence O'Donnell noting the Senate Ethics Committee had cleared Sen. Chris Dodd, D-Conn., of wrongdoing and only reprimanded him verbally, over the last couple of months, MSNBC's prime time shows have ignored a deal Dodd got on a mortgage with Countrywide. That is, until Moore brought it up.

"Chris Dodd may have a problem after being in this movie, I think," Matthews said.

The headline and the first paragraph from this Friday Wall Street Journal report by Josh Mitchell and Stephen Power reads like a bad joke Jay Leno's writers would have discarded, because no one would believe it. The second paragraph isn't much better:

Gore-Backed Car Firm Gets Large U.S. Loan

A tiny car company backed by former Vice President Al Gore has just gotten a $529 million U.S. government loan to help build a hybrid sports car in Finland that will sell for about $89,000.

The award this week to California startup Fisker Automotive Inc. follows a $465 million government loan to Tesla Motors Inc., purveyors of a $109,000 British-built electric Roadster. Tesla is a California startup focusing on all-electric vehicles, with a number of celebrity endorsements that is backed by investors that have contributed to Democratic campaigns.

That's a combined total of just shy of a billion dollars going to two companies currently making toys for the wealthy under circumstantially suspect conditions.

According to many in the liberal media, vehement conservative protestations to Obama and his policies are inciting, or have the potential to incite violence against the President. In their eyes, violent rhetoric and violent actions are one and the same. "Violent rhetoric begets violence," as one liberal talk show host put it.

So why are we not seeing blame heaped upon documentary filmmaker and avowed socialist Michael Moore for yesterday's G-20 riots in Pittsburgh? Moore does, after all, preach hateful and extreme anti-capitalist rhetoric. The cryptic slogan for his most recent movie, "Capitalism, A Love Story", reads, "Capitalism is evil, and you can't regulate evil." This line is eerily reminiscent of many of the socialist-anarchist slogans chanted by the G-20 protesters.

Assume for the sake of argument that violent rhetoric does beget violence. By this logic, shouldn't we blame Michael Moore's vitriolic indictments of investment banks for the brick that was hurled through a PNC Bank window yesterday? And if government aids and abets the evil that is capitalism, aren't Moore's words responsible for the bricks that were hurled at riot police in Pittsburgh?

"It's the most explosive moment for the soda industry since the Diet Coke and Mentos experiment," CBS's Katie Couric quipped of a proposed federal soda tax in her September 18 Notebook video on CBSNews.com (embedded at right).

While careful not to explicitly endorse a proposed one-cent-per-ounce tax on sugary drinks, Couric hinted that taxing sodas could help curb obesity, because, after all, "some lawmakers say taxes on cigarettes have reduced smoking and raised revenues."

Pledging to help soda-drinking Americans lose weight while simultaneously thinning their wallets -- and fattening Uncle Sam's coffers -- certainly appeals to the self-appointed food police and tax-hiking liberals, but it's likely to cause average Americans to gripe about having to pay taxes for the harmless guilty pleasure of cracking open an ice-cold soda pop.

Yet Couric sees only a downside to that dastardly profitable soft drink industry, not average Americans tired of government intrusion into their personal choices:

Earlier today I blogged about how a Baltimore Sun environment blog is urging readers to confess their most mortal "eco sin."

Not to be outdone in the pious-sounding eco-rhetoric, the San Francisco Chronicle's Thin Green Line blog today warns tech geeks and video game aficionados against the original sin of technological advance:

Technology, at times, offers a magic key into the environmental garden of Eden, where humans can use energy and feel good about it. But, at times, it can be the serpent tempting us to eat the apple that will mean our eviction.

Blogger Cameron Scott goes on to explain that the wages of tech are carbon, tons and tons of carbon: