Here's how a "Business Highlights" item at the Associated Press summarized the situation between Timothy Geithner and London banks whose officials had admitted to rigging the London Interbank Offered Rate ("Libor") on Friday evening: "The Federal Reserve Bank of New York released documents Friday that show it learned five years ago of big banks understating their borrowing costs to manipulate a key interest rate. The documents also show Treasury Secretary Timothy Geithner, who was then president of the New York Fed, urged the Bank of England to make the rate-setting process more transparent."
Today, Charles Gasparino at the New York Post called total BS such pathetic media spin (bolds are mine):
My, it was awfully nice of Marcy Gordon at the Associated Press, aka the Administration's Press, to give Treasury Secretary Tim Geithner such excellent protection in her report on the New York Federal Reserve Bank's release of documents relating to its knowledge of the manipulation of the "Libor" (London interbank offered rate) used as the basis for the pricing of trillions of dollars of loans.
Her report's second paragraph only tells readers that Geithner, "who was then president of the New York Fed, urged the Bank of England to make the rate-setting process more transparent." What a helpful guy. Readers needed to go to Paragraph 12 to see more about Geithner, and even that information was given kid-glove treatment:
Not only is the Associated Press aptly currently described as the Administration's Press -- as least as long as the White House's current occupant remains there -- it also seems to be serving as the Administration's Protection.
In a story about the "Lie-bor" scandal, wherein British banks have admitted to colluding to set the London Interbank Offered Rate (LIBOR) -- arguably the world’s most important benchmark for interest rates -- artificially low, AP reporter Martin Crutsinger "somehow" forgot that current Treasury Secretary Tim Geithner was President of the New York Branch of the Federal Reserve Bank during much of the time period in which Congressional investigators are interested. Clearly, they want to know what Geithner knew, and when he knew it. The first three paragraphs of Crutsinger's writeup, followed by his sole context-free mention of Geithner, follow the jump (bolds are mine throughout this post):
On Friday's The Ed Show, MSNBC analyst Richard Wolffe - formerly of Newsweek - compared Mitt Romney's economic plan to a "pre-9/11" mentality as he went along with substitute host Michael Eric Dyson's complaint that Republicans are being "clearly obstuctionist" against President Obama's economic agenda.
On Sunday's Face The Nation, Norah O'Donnell desperately tried to find a silver lining for President Obama if the Supreme Court ends up striking down his health care law. While her fellow panelists agreed that such a decision would be a blow to Obama, O'Donnell claimed that "politically, it might be better for the President, because then he can put the onus back on the Republicans." [audio clip available here; video below the jump]
The CBS White House correspondent also hyped that "if there's a repealing of the mandate, and if the pre-existing conditions are taken out, you're probably going to see a spike in health care premiums," even though premiums have already been on the rise since ObamaCare passed in 2010.
ABC, CBS, and NBC stayed true to their liberal slant and ignored the 164 rallies across the United States on Friday against the federal government's abortifacient/birth control mandate under ObamaCare. Religious leaders and conservative politicians, like former GOP presidential candidate Rep. Michele Bachmann, addressed the tens of thousands of pro-religious freedom activists who attended the rallies. But the Big Three apparently didn't think this was worthy of coverage on their morning and evening newscasts.
By contrast, CBS played up the supporters of a group of left-leaning Catholic nuns during four on-air segments between May 30 and June 1, 2012. Correspondent Wyatt Andrews hyped how "hundreds of Catholics have rallied behind the sisters," and that "protests in support of the nuns have been held in almost 50 cities."
President Obama made quite a gaffe Friday when just one week after the Labor Department announced horrid jobs numbers for May, he claimed "the private sector is doing fine."
Appearing on CBS's This Morning Monday, New York Times columnist and unashamed Obama shill Paul Krugman covered for the current White House resident saying, "He screwed up the line" (video follows with transcribed highlights and commentary):
Appearing on Wednesday's The O'Reilly Factor on FNC, during the show's regular "Miller Time" segment, comedian Dennis Miller lambasted House Democratic Leader Nancy Pelosi as "vile" and "distasteful," but contended that "I don't hate her."
The discussion of hate came about as host Bill O'Reilly began the segment by asking about a survey by the New York Post listing the most hated people in America.
O'Relly then turned the conversation to New York City Mayor Michael Bloomberg's decision to regulate the selling of beverages in restaurants, leading Miller to complain about liberals pining for government to exert control over their lives. Miller:
So much for libertine Manhattan. White House reporter turned liberal columnist Frank Bruni supports New York Mayor Mike Bloomberg's overbearing initiative to downsize the sodas New Yorkers will be allowed to purchase in restaurants and movie theaters, in the name of fighting obesity: "Trimming a Fat City."
While Michelle Obama focused on carrots, Mayor Michael R. Bloomberg brandished a stick. It’s what we deserve. Cry all you want about a nanny state, but as a city and a nation we’ve gorged and guzzled past the point where a gentle nudge toward roughage suffices. We need a weight watcher willing to mete out some stricter discipline.
Readers are strongly advised to remove food, fluids, and flammables from proximity to their computers prior to reading any further. You've been warned!
New York Times columnist Paul Krugman said on ABC's This Week Sunday, "It's terribly unfair that [President Obama is] being judged on the failure of the economy to respond to policies that had been largely dictated by a hostile Congress" (video follows with transcript and commentary):
As we approach Election Day, it's becoming more and more important for the Obama-loving media to give credit to the President for the economies of swing states governed by Republicans that are doing better economically than the rest of the country.
Candy Crowley did her part on CNN's State of the Union Sunday by asking Governor Bob McDonnell (R-Va.), "Don’t you credit President Obama at all for the good fortune that Virginia has?" (video follows with transcript and commentary):
On Friday's CBS This Morning, Gayle King sided with New York City Mayor Michael Bloomberg over his controversial proposed ban of soft drinks over 16 ounces in size: "I'm all for anything that's going to make us healthy." Guest Jonathan Waxman, a chef in the Big Apple, also endorsed the Bloomberg plan: "I'm kind of happy that someone's making a stand here, because I think that it's empty calories." [audio available here; video below the jump]
Guest anchor Mo Rocca raised the Bloomberg controversy near the end of the segment with Waxman, who once appeared as contestant on Bravo's Top Chef Masters program in 2010: "We have to ask you about what you think of Mayor Bloomberg's decree, his edict that...the big sugary drinks are out."
In a challenging interview with New York City Mayor Michael Bloomberg on Friday's NBC Today, co-host Matt Lauer questioned whether a plan to ban large sodas in the city was hypocritical: "You announced this on a Thursday. Today is Friday and it's....National Donut Day – and your administration has come out in support of National Donut Day....It sounds ridiculous." [Listen to the audio or watch the video after the jump]
Bloomberg strained to justify the obvious contradiction: "It doesn't sound ridiculous. One donut's not going to hurt you, it's in moderation anything – most things are okay." Lauer followed up: "If anything in moderation works for donuts why not with soft drinks?"
Discussing New York City Mayor Michael Bloomberg's proposal to ban large soft drinks with liberal panelists on Thursday's NBC Today, co-host Matt Lauer skeptically wondered: "Do we want local government telling us what we can and can't consume?" Advertising executive Donny Deutsch replied: "God bless this guy....every time you make a revolutionary move, there's going to be some complaints of overstepping the boundaries. I applaud him." [Listen to the audio or the watch the video after the jump]
Moments earlier, Lauer put the same question to NBC chief medical editor Nancy Snyderman, who denounced the sugar in such drinks as if it were a drug: "A very famous doctor, Dr. David Lustig at UC San Francisco says that sugar is toxic and should be regulated like tobacco. It's rewiring the brain. It is not necessary for anything in the human diet. I think it's a very bold, big move, but I have no problem with it."
Nanny state Mayor Michael Bloomberg is at it again, trying to pass a ban on large sugary drinks, all with the media’s help of course. CNN’s Alina Cho favored the proposal in her May 31 report during the 10 a.m. hour of “Newsroom.”
“Newsroom” anchor Carol Costello called the Bloomberg proposal to ban sugary drinks larger than 16 ounces at roughly 20,000 establishments “controversial,” but Cho found nothing to criticize. Instead she blatantly promoted the idea with her one-sided story. (Video after the jump)
On Friday, far-left actress Roseanne Barr went on an anti-Catholic rant on Twitter, as she seemingly gave her take on the controversy over ObamaCare's abortifacient/contraception mandate. Barr reused some of her previous bigoted attacks: painting Catholic priests as child molesters, and calling for the registration of the Church as a PAC. She even called for the taxation of the Catholic Church.
In her first Tweet, the washed-up comedian spewed, "Catholic employers need to include psychiatric coverage for their women employees's [sic] children who might get molested by catholic priests!" This echoes an April 2010 post Barr made on her personal blog, where she blasted church-going Catholics: "I am starting to think that any parent who takes their kids to catholic churches from now on should lose custody. Taking your kid where you know sex offenders hang out is inexcusable!!!"
Following a report on Wednesday's NBC Nightly News about the dropping value of Facebook's initial public stock offering and possible investigations into what went wrong, anchor Brian Williams saw an opportunity to adopt the talking points of the left-wing Occupy Wall Street movement: "Is this a case of the rich get richer, another advantage to the 1%...?"
Williams posed that question to New York Times reporter and CNBC host Andrew Ross Sorkin, who enthusiastically added to the class warfare rhetoric: "Boy does it feel that way, Brian. This is that and probably a lot more. And it couldn't come at a worse time given the enormous distrust that the public has of Wall Street. And it goes to this sense of fairness. This is the ultimate 1% versus 99% all over again."
The Big Three networks' evening newscasts have all but punted so far on the 12 lawsuits filed on Monday against the Obama administration, challenging the abortifacient/birth control mandate which is part of ObamaCare. However, CBS actually followed up on their exclusive interview of New York Archbishop Timothy Dolan on the regulation on Tuesday's CBS This Morning.
Correspondent Norah O'Donnell confronted Press Secretary Jay Carney during the Tuesday White House press briefing over Dolan's sharp critique of the mandate on the morning newscast: "He [Dolan] said that it's a 'strait-jacketing' and 'handcuffing exemption.'...Is that what the President is doing...strait-jacketing and hand-cuffing religious institutions?" O'Donnell's question didn't make it on the air on Tuesday's CBS Evening News or Wednesday's CBS This Morning, even after Carney evaded directly answering her question.
"Face The Nation" host Bob Schieffer spotlighted the left's talking points on two issues in the presidential race on Tuesday's CBS This Morning. Schieffer tried to play it down the middle when he stated, "I think most people understand that Mitt Romney is not the robber baron that the Democrats would have you believe." But he immediately added, "Nor is Barack Obama the European socialist that the Republicans would have you believe."
The CBS journalist also contrasted the Obama campaign's line of attack on Romney regarding his leadership with Bain Capital, which was ripped by Newark, New Jersey Mayor Cory Booker; with how many Republicans condemned "a plan that some Republicans had to launch this race-baiting campaign, trying to tie the President, once again, to Jeremiah Wright."
New York Times columnist Paul Krugman on Sunday continued his campaign to get Barack Obama reelected by misinforming the public about the economy.
Appearing on CNN's FareedZakaria GPS, the Nobel laureate falsely claimed Republican presidential candidate Mitt Romney wants to enact Greece's failed economic policies here in America (video follows with transcript and commentary):
Fresh off his humiliating defeat on Jeopardy! Monday night, MSNBC's Chris Matthews actually introduced a pair of guests Tuesday as "two of the most smartest people."
Almost as funny, "two of the most smartest people" in the Hardball host's opinion are Congressman Barney Frank (D-Mass.) and former Clinton labor secretary Robert Reich (video follows with transcript and commentary):
With Mother's Day right at our back, I want to address one of the most extreme overreaches by the federal government into American homes that I've seen in a long time. Then I want to call on my own 91-year-old mother, who was raised in rural Oklahoma and worked in cotton fields with her family during the Great Depression, to help set straight the rural farm and child labor record.
After a national decry by American farmers (and all of us who support them), the Obama administration has just shelved its plan to severely restrict kids younger than 16 from working on family farms. But mark my words. As the feds often do, they merely are regrouping to march again on those great American homesteads.
Dutifully doing its part to find any excuse to expand government regulation, NBC News on Monday and Tuesday immediately touted Democratic efforts to exploit a $2 billion loss of private money for banker JPMorgan Chase to push for more government intervention in the banking industry.
On Monday's NBC Nightly News, correspondent Anne Thompson used the news to pump up struggling Democratic Senate candidate Elizabeth Warren: "[She] worked to create a consumer watchdog group to oversee the banks after the 2008 crisis. She says what happened at JPMorgan shows there's still not enough oversight of the big banks." Thompson failed to mention Warren has been mired in a scandal surrounding her dubious claims of having Native American ancestry.
On Monday's CBS This Morning, Charlie Rose and Erica Hill touted Massachusetts Democrat Elizabeth Warren's past time as "the government's chief watchdog during the 2008 bank bailout" as she was brought on to discuss JP Morgan Chase's $2 billion loss. Rose and Hill asked all of their questions from the left, and completely ommited any mention of the recent controversy over Warren's claim of Native American ancestry.
The anchor set up the Senate candidate to push for more regulations on banks without rebuttal: "It's appropriate to have some government oversight, and notwithstanding the fact that we're just coming out of this huge crisis." Hill even wondered if the banks themselves"should be broken up into smaller entities."
Searches on "Government Accountability Office" (not in quotes), "shale," and "mittal" at the Associated Press's national site return nothing relevant to the energy-related story which will follow. A Google News search on "Anu Mittal," the person from the GAO who on Thursday testified before the House Committee on Science, Space, and Technology`s Subcommittee on Energy and Environment, appears to return seven relevant items, but it's really five. The first is a press release from the Luddite (aka Democratic) members of the committee pooh-poohing the importance of Ms. Mittal's assertions. The other four are from non-major and/or non-establishment press sources: Newser, American Thinker, Daily Markets, and the Inquisitr (yes, spelled correctly). Only one other news outlet I'm aware of, Media Research Center's CNS News, has also noted Ms. Mittal's testimony.
What Ms. Mittal had to say is that, according to a leading research organization, just one area overlapping three states in the West (not the Midwest, as a couple of the other links assert) has an astounding quantity of recoverable oil:
Touting new recommendations from an Institute of Medicine panel on obesity on Tuesday's NBC Nightly News, science correspondent Robert Bazell proclaimed to viewers: "...a sea change in how we perceive obesity. No longer a question of individual responsibility, but a need to change what's called an 'obesity-promoting environment.' Calling on corporations, government and individuals to act."
At the top of the broadcast, anchor Brian Williams sounded the alarm: "Weight of the nation. An American health crisis out of control, and tonight a reality check on what it might take to turn things around." Later teasing the upcoming story, he declared: "Getting past the question of will power, what's really to blame for a nation of exploding waistlines? Tonight, there is a surprising new answer."
There ought to be a law against newscasters blatantly lying to the public.
On Monday, MSNBC's Martin Bashir falsely claimed the economic plans put forth by Great Britain and Spain are "the Romney-Ryan budget in action...almost exactly, word for word" without informing his viewers that those countries raised taxes to fight their deficits (video follows with transcript and commentary):