Steve Fraser might look mild-mannered, but when it comes to economic doomsaying, he is the Rocky Marciano of recession, the Tiger Woods of turndown, the David Beckham of depression.
Speaking of bending one, Fraser's LA Times column of today, "Symptoms of an Economic Depression," twists U.S. economic data into a harbinger of impending doom. Fraser begins by falsely claiming that "no one wants to utter the word 'depression.'" In fact, Fraser himself, a left-wing labor historian, wants not merely to utter it, but to bellow the word with a 10,000 megawatt bullhorn. Why? Because, as he gleefully predicts in that same column:
This perfect storm [of a bad economy] will be upon us just as the election season heats up, and it will inevitably hasten the already well-advanced implosion of the Republican Party.
Business & Media Institute Director Dan Gainor appeared on the Fox Business Network December 6 to discuss how the media is choosing sides in the subprime housing problem.
"All throughout this whole year and actually if you go back in the last year and before [the media] have been pointing out that the lenders are the bad guys...CBS News who actually did an okay report last night, then the example they use is someone who has a 6.6% adjustable rate adjusting up to 9.6%, they've got a house the size of a mansion and they've got horses."
Gainor said the important thing that journalists fail to do is to get both the lenders and the home buyer's viewpoints.
Have you noticed the genie concerning the real modus operandi behind climate alarmism beginning to peek its head out of the bottle lately?
After the United Nations announced earlier in the week that rich countries - code for America, of course - are going to have to pay billions of dollars to help poor nations deal with global warming, several international press outlets published articles of similar content.
Is it possible media are recognizing that since the Democrat presidential candidates are all advocating a tax the rich platform it is safe to begin discussing the need for developed nations to foot the bill for international global warming solutions?
Consider an op-ed published Friday by Britain's Guardian (emphasis added, reader is strongly advised to hide wallet or purse before proceeding):
Storm gave her best shot at making an emotional plea for Hannah Montana concert tickets because the $200 price tag is just too high, although Storm has had a lengthy career in major network TV journalism, dating back to 1989 when she anchored "CNN Sports Tonight."
Continuing the sky-is-falling mantra about lead laden toys, on Tuesday’s CBS "Early Show," co-host Hannah Storm asked Consumer Product Safety Commission (CPSC) spokeswoman, Julie Vallese:
...you are standing there, Julie, among a whole group of toys, 61 recalls, a third of those because of lead paint. Why don't you tell us as parents, why we just shouldn't buy books and clothes and pets this Christmas? Why even buy toys?
Of course that followed Julie Chen’s assertion on October 31 that Halloween and Christmas had been "ruined" because of the CPSC. It also complimented Lesley Stahl’s rant against the fast food industry on Sunday’s "60 Minutes." Not to be out done in alarmism, Storm began the segment by warning, "Millions of toys tainted with lead have been recalled so far this year, so it's tough to know what toys are actually safe to buy this holiday season."
According to ABC anchor Diane Sawyer, a new Oklahoma law making it a felony for U.S. citizens to knowingly provide shelter or transportation to illegal immigrants goes "across the line," "too far," and turns people into "vigilantes." Interviewing Lou Dobbs, CNN host and noted opponent of illegal immigration, on Tuesday's edition of "Good Morning America," Sawyer appeared to be aghast at what she considered "turning people in" for offering assistance to illegals.
The GMA host even quizzed Dobbs about whether his problem is with Hispanics in general. After noting a new Census Bureau report that found last names such as Garcia and Rodriguez are increasing in number, she guardedly wondered, "To Lou Dobbs, is this a good thing or a bad thing?" After Dobbs responded in favor of legal immigration, Sawyer plowed ahead with her question about the new Oklahoma law. She incredulously queried, "People are vigilantes about transportation and shelter? Isn't that going too far?"
On Sunday’s CBS "60 Minutes," anchor Lesley Stahl began a segment on calorie labeling for fast food by making this alarmist proclamation: "Obesity rates continue to spiral out of control in this country and nutritionists say one main reason is how dependent we've become on eating out." Enter the big government hero:
Health Commissioner Thomas Frieden is in charge of regulating New York City's $11 billion restaurant market...the chains are up against a formidable foe, because Frieden has a record of making big industry bend to his will. He's the one who forced smoking out of city bars and artery-clogging trans fats out of city restaurants. Both those bans spread nationwide, which is also happening with his new crusade.
Frieden’s latest "crusade" is to force big fast food chains nationwide to label the calories of all of their products, which were exempt from doing so. As Stahl explained, "Now, one of the most powerful health officials in the country wants to change that by forcing chain restaurants like McDonald's and Wendy's to spell out exactly how fattening their food is right when you decide what to order."
In an interview with obscure Republican presidential candidate Ron Paul on Sunday’s "Face the Nation," host Bob Schieffer asked the Texas Congressman: "What is it that you see that the government ought to do besides deliver the mail?" This followed Schieffer’s description of Paul’s limited government philosophy:
Well, let me -- I want to just get your take on what you think the government ought to do. You've already said your anti-war. We know you're anti-abortion. You're anti-drug administration. You're anti-Medicare. I wrote all this down. Let's see. You're anti-income tax. You want to do away with that. You're anti-United Nations. You're anti-World Bank. You're anti-International Monetary Fund. And there must be some other things that you're against.
What's that 1970s horror movie where the butcher runs after all the teenagers with a cleaver in one hand and a piece of red meat in the other? I can't remember, but the reports on CBS's "Evening News" October 31 and CNN's "American Morning" November 1 came pretty close to that, sans the cleaver.
The two networks decided to enjoy some of the Halloween spirit by scaring viewers with a "landmark" study finding consumption of processed meat could increase the risk of colon cancer.
CBS anchor Katie Couric made up her mind after the "frightening" news saying, "No more bacon for me," and CNN's Kiran Chetry found the news of the findings"very shocking" and noted that "I'm in real trouble here" because of her own eating habits.
On both Tuesday’s "Evening News" and Wednesday’s "Early Show" CBS gave prominent coverage to Nancy Pelosi’s call for the resignation of the head of the Consumer Product Safety Commission, Nancy Nord. In an interview with Nord on Wednesday’s "Early Show" co-host Julie Chen asked:
American parents are upset, they're frightened, they feel like their Halloween and their Christmas is now ruined. They don't know what to buy. Members of Congress are calling for your resignation. Are you going to resign?
The "Evening News" featured a portion of Pelosi’s rant against the Bush Administration, "I'm calling upon the President of the United States to ask for the resignation. It is, after all, his administration, his policy, his appointee." That was followed by reporter Chip Reid’s explanation that "Pelosi says it's clear that Nancy Nord, the Acting Chairman of the Consumer Product Safety Commission, doesn't understand the gravity of the situation because Nord opposes legislation now before Congress that would double the agency's budget over the next seven years to more than $141 million a year." Later, Reid did present Nord’s perspective that "Democrats...want to change the mission of the agency to less testing of products and more litigation against companies."
However, on the "Early Show" Reid again reported from Capitol Hill, but this time followed Nord’s explanation with "Consumer advocates say what's really going on here is the Bush Administration protecting big business at the expense of consumers, a charge the White House vigorously denies." Why the sudden addition of an attack on the administration?
Why is it that a page from Katie Couric's "Notebook" is often cribbed from the left-wing playbook? [Check here for a real eye-roller from June 2007]
In her October 25 "Notebook" item at her Couric & Co. blog, the "CBS Evening News" anchor parroted the complaints of a left-wing group that finds scandalous the practice of doctors getting freebies from pharmaceutical companies.:
We all know the saying, 'there's no such thing as a free lunch,' but not if you're a doctor. Every year drug makers spend almost $7 billion in lunches, dinners, travel fees and gifts to doctors. That's on top of the estimated $18 billion in free drug samples they give them. We talked with Rob Restuccia of the Prescription Project, which studies potential conflicts of interest between drug makers and doctors. He says there's a high correlation between the prescribing of particular drugs and gifts to those physicians...
It may be a bitter pill for some drug companies but when doctors receive free lunches, it's their patients who often pay the price.
For many months, NewsBusters has been warning readers that the hysteria being generated by the media and the Global Warmingist-in-Chief Al Gore concerning climate change would eventually begin to impact energy and economic policies.
Following last Thursday's landmark decision in Kansas to not give an electricity producer a construction license for a coal-fired power plant due to global warming fears, more than a dozen states are set to file a lawsuit against the Bush administration for holding up efforts to regulate carbon dioxide emissions from cars and trucks.
I kid you not.
As reported by the New York Times Wednesday (emphasis added throughout):
In a recent Web interview with "Foreign Policy" magazine, dated October 2007, which focused on environmental issues, CNN founder Ted Turner claimed that global warming presents a greater danger to the world than Iran. Turner: "Iran does not put us in peril like global warming does." In a September interview with "GQ" magazine, Turner had similarly downplayed the nuclear threat from Iran as he argued that America's nuclear arsenal poses a greater threat to the world: "I'm much more worried about our nuclear arsenal than theirs. Iran, at best, can get a few nuclear weapons. We have tens of thousands." The CNN founder further suggested that global warming is to blame for the drought in the Southeast, and contended that the same Al Gore who refuses to debate scientists on global warming is as "smart as a whip." (Transcript follows)
On Friday night, CNN viewers were treated to the special "Keeping Them Honest: The Truth About Global Warming," which took time to examine nine "alleged inconsistencies or exaggerations" in Al Gore's "An Inconvenient Truth," as enumerated in a ruling by a British judge. Host Miles O'Brien also interviewed a member of the IPCC, the group which shared the Nobel Peace Prize with Gore, in the form of a scientist who has challenged Gore's views on global warming. O'Brien, who a week earlier had tagged dissenters with such labels as "dead-enders" and "a very small fringe," on this show suggested that people who are "skeptical" about global warming are "in the dark," and presented what he called "surprising" polling data showing a substantial number of Americans have doubts about global warming theory. (Transcript follows)
On Thursday, for the first time in American history, a state denied an electricity producer a construction license for a coal-fired power plant due to manmade global warming fears. As ominously reported by the New York Times Saturday (emphasis added):
The Kansas Department of Health and Environment on Thursday turned down a permit for twin 700-megawatt coal-fired generators that a group of electric cooperatives is seeking to build near Holcomb in southwest Kansas. The ownership and the electricity would be shared by 67 cooperatives in Kansas and neighboring states.
The department's staff had recommended issuing the air quality permits, but Roderick L. Bremby, the secretary of the department, said in a statement, "I believe it would be irresponsible to ignore emerging information about the contribution of carbon dioxide and other greenhouse gases to climate change and the potential harm to our environment and health if we do nothing."
As the Washington Post reported Friday, this decision has disturbing national implications (emphasis added):
A voguish Dem theme is that America's reputation in the world has been eroded and that the next Dem president will restore it. Hillary Clinton has gone so far as to propose appointing Bill as a "roving" [I'll say] ambassador for such purposes. We can safely ignore such fluff as so much presidential-season silliness. A great nation's reputation is forged not by its goodwill ambassadors, but by its actions.
But while the bad-mouthing of America might be written off as so much election-year posturing, there is in fact an important, ironic lesson to be drawn, and it was on display during today's "Morning Joe." For her "must-read" of the morning, Mika Brzezinski chose a USA Today column by Alan M. Webber, "From afar, America resembles a 2nd-rate power", and paraphrased this paragraph from it:
CNN viewers on Friday saw a relatively rare acknowledgement of those who are skeptical of Al Gore's film "An Inconvenient Truth," including a British judge who recently ruled that there are nine inaccuracies in the movie. But CNN's Miles O'Brien dismissed the views of dissenters, and downplayed the importance of the errors cited by the judge.
As he made several appearances on various CNN shows on Friday, O'Brien tagged dissenters with such labels as "dead-enders," a "tiny fraction of a minority," and a "very small fringe," as he linked skeptics to fossil fuel companies. He also repeatedly declared that the scientific debate on global warming is over. Notably, on the July 20 "The Situation Room," O'Brien had curtly lectured former Republican Congressman J.C. Watts with similar comments on the subject. O'Brien: "You're not paying attention to the science, J.C. You're definitely not paying attention. ... The scientific debate is over, J.C., we're done." (Transcript follows)
CNBC host Donny Deutsch appeared on Friday’s "Today" with co-host Meredith Vieira, to get his take on his recent interview of Ann Coulter, and for his response to something Vieira mentioned in the promo for the segment: "We're going to show you what she said, and then, you decide if you think, maybe she should be taken off the airwaves permanently. Some people are actually saying she should not be on television anymore."
During his earlier interview of Coulter, Deutsch compared the conservative writer to Iranian president Ahmadinejad, after Coulter confirmed that she believed all people should be Christians. "Why don't I put you with the head of Iran? Come on, you can't believe that." Coulter made an awkward defense of this belief, which may have dug the hole deeper for the writer, since she immediately responded by saying, "We just want Jews to be perfected, as they say."
If you’re on the U.N. Intergovernmental Panel on Climate Change (IPCC), you might be thinking Al Gore is hogging all the glory after they split the Nobel Peace Prize. But that could be a good thing because all the skepticism will be drawn to him also.
“From the outset, leading figures within the IPCC process have shared the conviction that anthropogenic [human-caused] global warming presents a threat which demands prompt and far-reaching action,” Henderson wrote in the October 11 Wall Street Journal. “Indeed, had they not held this belief, they would not have been appointed to their positions of influence.”
You read that right (or left), Baker says the heck with the 5th Amendment protection against being "deprived of life, liberty, or property, without due process of law." If someone borrowed too much or won't pay the mortgage, that's OK with Baker, the co-director of the left-wing economic think tank the Center for Economic and Policy Research.
Matt Damon dressed as gas pump? Ben Affleck as an ear of corn? No, it’s not “Good Will Hunting,” the sequel. It’s a new set of videos promoting ethanol mandates on the Web site cleanmyride.org.
The Clean My Ride site is run by the Center for American Progress Action Fund, an arm of the liberal think tank Center for American Progress. The purpose of Clean My Ride is to urge Congress to mandate ethanol as a fuel.
Earlier this week, NBC’s Lee Cowan admitted it was ethanol’s fault milk prices were “skyrocketing.” So which is it? Do environmentalists want better gas mileage or cheaper milk?
One of the other main points of the Web site is to try and get people to stop “running scared from Big Oil.” The first video, which features Affleck in a corn costume – it’s better than “Gigli” – even shows a sequence where “Big Oil” executives are chasing down an ear of corn and then bludgeoning it to death.
“But fundamentally it comes down to where you’re having the toys made. They’re being made in China, you don’t have oversight, there’s tremendous pressure for them to cut corners and keep costs down, because that’s how you make money. So allow me to ask you sir, how much money are you saving having these toys made in China?”
On this morning's Today show, NBC's Meredith Vieira and Dr. Nancy Snyderman became born-again libertarians in their opposition to New York City's ban on bottle feeding babies. Vieira called the measure "drastic" and Snyderman urged, "not so fast." The ban even inspired "Today" to coin a new series segment called "Nanny State." However, back in 2006, when New York City infringed on another right - the right to eat fatty foods, Snyderman struck a different tone, as she gravely warned about the dangers of trans fats.
First up Vieira opened the bottle feeding ban segment on the August 2, "Today" this way:
You'd think it was the news media that "got a raise" last week for all the cheering. The federal minimum wage was increased on July 24 by 70 cents to $5.85 an hour and will go up by the same amount in 2008 and 2009.
CNN's Ali Velshi gleefully greeted the change on "American Morning" July 24. He called it "unmitigated good news."
ABC's Claire Shipman also called it "good news for thousands of low-paid workers," on "Good Morning America" the same day.
In a sympathetic story, reporter Russ Buettner relayed the plight of local property owners fighting abuse of eminent domain -- the taking of private property for public use -- by local governments. Such "takings" were made infamous by Kelo vs. New London, the controversial 2005 Supreme Court decision which found that the city of New London, Conn., was within its rights to condemn private property and hand it to a development corporation under the control of the city government, a decision that enraged left and right alike.
Last week's economic report couldn't have been much rosier. The economy grew at a faster-than-expected rate, faster than any time in over a year. But far from sparking runaway prices, inflation actually moderated.
But that didn't stop the Axis of Gloom, AKA the New York Times and its Beantown subsidiary the Boston Globe from publishing op-ed items this morning finding the cloud on the silver lining. A lugubrious Times editorial laments:
By the end of last week, any lingering hope that the housing downturn would be contained had vanished. As this week begins, signs of contagion seem to be everywhere . . . The fallout of housing-related turmoil is also likely to extend beyond financial markets.
The editorial ends with a call for closer monitoring of hedge funds.
Over at the Globe, liberal economist Robert Kuttner [pictured here] emits a sky-is-falling column "The crash that could come."
Eleven companies announced on July 18 to self-regulate and stop advertising to children under 12 in order to "help curb the child obesity problem."
But that wasn't enough for ABC "World News with Charles Gibson" or CBS "Evening News." Both shows supplied food fascists to complain that even this change isn't going to be enough.
"Today’s changes are getting a lot of attention, but as American children face an epidemic of obesity, will these changes really make a difference?” wondered “World News with Charles Gibson” anchor Elizabeth Vargas on July 18.
As oil and gas prices have risen over the past few years,
more and more Americans have become familiar with the name Trilby Lundberg.
For those that aren’t, the Lundberg Survey has been the source
for information related to fuel prices, fuel taxes, and all things petroleum for over
With that in mind, Lundberg was interviewed by
the folks at CNN.com last Wednesday, and the never shy energy maven spoke
candidly about a variety of issues that most in the media would be afraid to
share with the citizenry (emphasis added throughout):