As NewsBustersreported, America's media last week gushed and fawned over billionaire Warren Buffett's call for higher taxes on the rich.
On Monday, Harvey Golub, the former CEO of American Express, responded to the Oracle of Omaha in a Wall Street Journal op-ed that reveals a side of this tax story media refuse to share with the American people:
ABC Highlights Complaints That 'There is Little Heart' in Rick Perry's Texas
On Saturday's World News on ABC, correspondent Jim Avila filed a report in which he focused mostly on aspects of Texas's economy that receive praise, but he ended up warning that things may not really be as good as they seem, as the ABC correspondent highlighted claims that, "deep in the heart of Rick Perry's Texas, there is little heart."
As government spending supporters in the media press for a new, bolder stimulus plan to get the economy going, they love to refer to the Depression Era Hoover Dam as a shining moment in Keynesian economics.
When this surfaced on ABC's "This Week" Sunday, George Will marvelously noted, "You couldn't build the Hoover Dam today because they'd discover a snail darter in the Colorado River and would stop it" (video follows with transcript and commentary):
New York Times environmental reporter John Broder, who in February 2010 called skeptics of global warming “deniers” and “relatively uninformed,” warned on Thursday’s front page that worrisome “Republican orthodoxy” on the evils of the Environmental Protection Agency “may prove a liability in the general election, pollsters and analysts say.” The headline had loaded language: “Bashing E.P.A. Is New Theme In G.O.P. Race.”
Opposition to regulation and skepticism about climate change have become tenets of Republican orthodoxy, but they are embraced with extraordinary intensity this year because of the faltering economy, high fuel prices, the Tea Party passion for smaller government and an activist Republican base that insists on strict adherence to the party’s central agenda.
Texas, we have a problem. Your GOP governor is running for president against Barack Obama. Yet, one of his most infamous acts as executive of the nation's second-largest state smacks of every worst habit of the Obama administration. And his newly crafted rationalizations for the atrocious decision are positively Clintonesque.
In February 2007, Texas Gov. Rick Perry signed a shocking executive order forcing every sixth-grade girl to submit to a three-jab regimen of the Gardasil vaccine. He also forced state health officials to make the vaccine available "free" to girls ages 9 to 18. The drug, promoted by manufacturer Merck as an effective shield against the sexually transmitted human papillomavirus (HPV) and genital warts, as well as cervical cancer, had only been approved by the Food and Drug Administration eight months prior to Perry's edict.
President Barack Obama has called for a luxury tax on corporate jets as a means to generate revenue to fight federal deficits. The president's economic advisers ought to be fired for not telling him that doing so is unwise and counterproductive. They might have already told him so, only to have the president say, "Look, I know you're right, but I'm exploiting the public's envy of the rich!" Let's look at what happened when Obama's predecessor George H.W. Bush signed the Omnibus Budget Reconciliation Act of 1990 and broke his "read my lips" vow not to agree to new taxes.
When Congress imposed a 10 percent luxury tax on yachts, private airplanes and expensive automobiles, Sen. Ted Kennedy and then-Senate Majority Leader George Mitchell crowed publicly about how the rich would finally be paying their fair share of taxes. What actually happened is laid out in a Heartland Institute blog post by Edmund Contoski titled "Economically illiterate Obama, re: Corporate Jets" (7/12/2011).
Washington Post staffer Juliet Eilperin portrayed proposed new federal regulations on heavy-duty trucks and buses as having hearty agreement by both environmentalists and trucking industry lobbyists.
Unfortunately Eilperin left out the dissenting remarks of the Owner-Operator Independent Drivers Association (OOIDA), which blasted the rule change as harmful to the small-business truckers it represents.
“[E]ven with some state control, experts say, property sales could transform Cuba more than any of the economic reforms announced by President Raul Castro’s government,” Cave noted before noting unnamed “experts” who fear that “[t]he opportunities for profits and loans would be far larger than what Cuba’s small businesses offer… potentially creating the disparities of wealth that have accompanied property ownership in places like Eastern Europe and China.”
What does it take to be able to own and operate a taxi and earn $30,000, $40,000 or more a year? You need to purchase a used car and liability insurance. Compared with other businesses, the startup cost to become a taxi owner/operator is modest; that's until you have to come up with money for a license. In May 2010, the price of a license, called a medallion, to own one taxi in New York City sold for $603,000. As referenced in my recent book, "Race and Economics," New York City is not alone. In Chicago, a taxi license costs $56,000, Boston $285,000 and Philadelphia $75,000. It's not rocket science to understand the effect of laws that produce these prices: They discriminate against anyone getting into the taxi business who lacks tens and hundreds of thousands of dollars or bank credit to be able to get a loan.
New York Times food writer and junk food sin-tax advocate Mark Bittman took to the August 2 edition of MSNBC’s “Dylan Ratigan” show as part of his promotional tour for “Bad Food? Tax It.” He found a receptive, uncritical audience in the former CNBC business reporter.
“It’s like, do you want to use taxes to help people or do you want to use taxes to hurt people? It seems to me right now we’re doing just about everything wrong, at least when it comes to food,” Bittman complained, adding "we’re subsidizing, we’re directly subsidizing the crops that produce junk food, bad meat, hyper-processed food, and we’re not subsidizing the foods that we know make us healthy.”
On Monday's Early Show, CBS slanted towards supporters of a new Obama administration mandate which requires private insurance companies to cover contraception as part of women's "preventative services." Anchor Chris Wragge labeled the development "good news," while correspondent Michelle Miller failed to include sound bites from opponents during her report on the new regulation.
After using his "good news" phrase, Wragge trumpeted the "historic new women's health guidelines" during his introduction for Miller's report, which aired at the bottom of the 7 am Eastern hour. The correspondent herself picked up where the anchor left off when she stated that new mandate was "welcome news to the women we spoke to." She then played two sound bites from women on the street who gave supposed horror stories about the cost of birth control.
UNIDENTIFIED WOMAN 1: Sometimes, $20 a month can definitely be hard to scrape together.
On Saturday’s World News, ABC anchor Dan Harris seemed to fret that the current debate over the budget is taking attention away from an "unprecedented assault" that is being "quietly" waged by conservatives "on environmental regulations." As the report from Blair, West Virginia, focused on a coal mining technique that destroys the tops of mountains, correspondent Jim Sciutto featured two soundbites supporting restrictions on such mining with only one opposed.
And, while Harris in his introduction shined a light on conservatives as the group who want fewer mining regulations, the one soundbite that Sciutto included in the report that was on the more anti-regulation side was centrist Democratic Congressman Nick Rahall of West Virginia. And no liberal label was used for those who were shown supporting the regulations, including environmental activist Robert F. Kennedy, Jr.
The AP's coverage of the U.S. economy late Friday focused on high gas prices as the dominant, uh, driver of this year's anemic growth both visually and in its text.
As will be seen after the jump, the graphic at the AP's national site is of a gas price sign. The final sentence in the caption of the full-size version reads "High gas prices and scant income gains forced Americans to sharply pull back on spending."
The underlying report by Christopher Rugaber and Paul Wiseman predictably mentioned gas prices first and foremost, tagged debt-ceiling negotiations as a suddenly important contributor to economic uncertainty (where have they been while President Obama, his cabinet, his czars, and his hyperactive regulators have been injecting uncertainty in megadoses during the past two years?), and relayed Ben Bernanke's months-old warning that cutting back too much on government spending would hinder economic growth:
The folks at CNN should be really proud of themselves.
In less than 24 hours, one of their current anchors - Fareed Zakaria - flat out lied about deficits, the debt ceiling, and the U.S. credit rating before a former host - Eliot Spitzer - falsely told viewers of HBO's "Real Time" that George W. Bush "gave us the deregulatory craziness that led us over the cliff" (video follows with transcript and commentary):
But now "when President Obama announced even stricter standards — in fact, the largest increase in mileage requirements since the government began regulating" fuel economy, "the chief executives of Detroit’s Big Three were in Washington again," this time "standing in solidarity with the president."
Of course, a few paragraphs later, Vlasic allowed that the massive federal bailout of GM and Chrysler helped push the auto industry into obeisance:
"Millionaires and billionaires," President Obama says derisively, must make more "sacrifices" and live by the same rules the rest of America lives by. But there are seven little words that will never appear on the White House teleprompter: "And that means you, too, George Soros."
For all his (and his wife's) bashing of greedy Wall Street hedge-fund managers, Obama has shown nothing but love to the world's most famous hedge-fund mogul. The feeling is mutual and deep(-pocketed).
Here's what President Barack Obama said about our high rate of unemployment in an interview with NBC's Ann Curry: "The other thing that happened, though — and this goes to the point you were just making — is there are some structural issues with our economy, where a lot of businesses have learned to become much more efficient with a lot fewer workers," adding that "you see it when you go to a bank and you use an ATM; you don't go to a bank teller. Or you go to the airport and you're using a kiosk instead of checking in at the gate." The president's statements suggest that he sees labor-saving technological innovation as a contributor to today's high rate of unemployment. That's unmitigated nonsense. Let's see whether technological innovation causes unemployment.
In 1790, farmers were 90 percent, out of a population of nearly 3 million, of the U.S. labor force. By 1900, only about 41 percent of our labor force was employed in agriculture. By 2008, fewer than 3 percent of Americans were employed in agriculture. Through labor-saving technological advances and machinery, our farmers are the world's most productive. As a result, Americans are better off.
CBS's Michelle Miller leaned towards supporters of taxing junk food on Tuesday's Early Show, playing three sound bites from them and none from opponents. Miller only made one vague reference to the opposing side, and she immediately followed it by playing up the supposedly positive result of a tax: "While some say a new tax is the last thing we need, it could mean a healthier America."
The correspondent led her report by hyping how "we're paying quite a hefty toll" for creating "cheap fast food," and launched into her first sound bite, which came from Michael Jacobson, the executive director of the perennial "food police" organization, the Center for Science in the Public Interest.
After returning from asking Washington, D.C. tourists about the government-mandated phase out of incandescent light bulbs that begins in 2012, our friends at MRCTV got a first hand lesson in how the government expects Americans to handle the impending switch to mercury-laden compact fluorescent bulbs (CFLs).
On Tuesday's Morning Edition, NPR's Julie Rovner spun the debate over a proposed mandate for private insurance companies to cover birth control without a copay as being between "women's health groups," which were not given an ideological label, and organizations such as the Family Research Council, which she clearly identified as "conservative." A representative from her example of a "women's health group," Planned Parenthood, labeled "unintended" pregnancies an "epidemic."
Anchor Steve Inskeep began the report with an admission about ObamaCare: "President Obama's health care overhaul law touches almost every aspect of health care, including birth control." Rovner first highlighted a woman from Tucson, Arizona who, despite having a "full-time job with health insurance [and] a husband," along with two kids, apparently couldn't afford the $25 a month copay for her birth control prescription. This led to her having a third child, and the woman declared that "while we're happy that she's here, it was not planned, and had we had some better finances, we probably could have made some better decisions."
Can anyone in Midway, Georgia take money for or even borrow food without risking arrest?
If you're in Midway, you'd better not let your neighbors reimburse you for any homemade food you cook or grow, or you might get busted for not having "a business license, peddler’s permit, and food permit to set up shop, even on residential property." Heck, you may have to worry about even giving your output away.
That's where you have to go with the "logic" of a story from Maura Kennedy at TV station WJCL (HT AP; bolds are mine; video is at link, where, in an unusual choice of priorities, this was apparently the lead story):
Wednesday’s NBC Nightly News highlighted a movement by those who object to federal regulations blocking Americans from buying the traditional incandescent light bulb. Although he plugged the report by calling one of the legal but unpopular bulbs a "rallying point against government interference in people’s lives," anchor Brian Williams neglected to note that Democrats controlled Congress in 2007 as he introduced the report by informing viewers that President Bush signed the bill into law that year:
It is truly fascinating how liberal media members will do anything to protect the reputation of Fannie Mae and Freddie Mac.
On this weekend's "McLaughlin Group," Newsweek's Eleanor Clift revised history to largely absolve the two government-sponsored enterprises for last decade's mortgage collapse while predictably blaming it on Wall Street and of course George W. Bush (video follows with transcript and commentary):
Friday afternoon, the White House quietly released its annual report to Congress on White House staff salaries. Among the employees is the infamous director of progressive media and online response, Jesse Lee, who is paid $72,500 a year to provide White House sanctioned responses to any negative press it receives.
The position, which was previously part of the privately-funded DNC's rapid response team, is now a taxpayer-funded spin machine to thwart bad press against President Barack Obama. In effect, the position is a pulpit for the White House, through Lee, to ridicule critics and promote a liberal agenda. Lee frequently retweets liberal bloggers and media organizations, but also picks fights with a number of conservative bloggers.
The New York Times celebrated the Independence Day holiday weekend with a joyless story on the front of Saturday’s Business Day on the cancer threat posed by your all-American cookout. William Neuman reported “What’s Inside the Bun?”
If there is no such thing as a healthy hot dog, how do you limit the damage at this weekend’s weenie roast?
Don’t count on the label to help much. Those pricey “natural” and “organic” hot dogs often contain just as much or more of the cancer-linked preservatives nitrate and nitrite as that old-fashioned Oscar Mayer wiener.