I guess what follows shouldn't be a total surprise, given that the Obama administration was perfectly comfortable ruining hundreds of thousands of perfectly good cars during the Cash For Clunkers program in 2009.
The video which follows from CBS News in San Francisco last Thursday (full transcript here) tells viewers what is happening to valuable parts at the main manufacturing plant of the now-bankrupt Solyndra. At the risk of belaboring what longtime readers here already instinctively know, it's not news based on searches on the company's name at at the Associated Press and the New York Times.
John H. Cushman, Jr. of the New York Times almost completely slanted to the left in his Friday article about the Obama administration's decision to force religious organizations to include free contraception in their employee insurance plans. Cushman quoted from HHS Secretary Kathleen Sebelius, liberal Senator Barbara Boxer and the president of notorious pro-abortion "Catholics for Choice," but only included a six-word quote from the other side of the debate.
The writer led his post on the liberal paper's political blog, The Caucus, by noting that "the Obama administration said it would give religious organizations one additional year to comply with a new policy requiring employers to provide free contraception services in insurance plans. Roman Catholic bishops and other church leaders had protested the new rules, which were announced in August."
On Friday, two Deputy Secretaries, one at the Department of Transportation and the other at Defense, in their capacities as co-chairs of the National Space-Based Positioning, Navigation and Timing (PNT) Executive Committee, released a one page letter concluding that the modified broadband deployment plan of LightSquared could not coexist with current GPS devices and their spectrum. That's because: a) LightSquared's deployment "would cause harmful interference to many GPS receivers"; b) It would not be "compatible with several GPS-dependent aircraft safety-of-flight systems," and c) "there appear to be no practical solutions" to the problems.
Stories about the release, to the extent they exist, are largely avoiding the mention of "Falcone" (that's hedge fund operator and heavy Obama campaign contributor Philip Falcone, "SEC" (which is investigating Falcone and his hedge fund, and "Obama" (as in President Barack Obama, the beneficiary along with the "Democratic Party" -- another unmentioned term in any variation -- of said contributions). Coverage by Daniel Fisher at Forbes at least brings up Falcone, the SEC, and the Obama administration:
UPDATE: James Pethokoukis at the American Enterprise Institute's blog has more, including the possibility that the original story misidentified "Bain Consulting," as well as a theory as to the story's original source.
It looks like someone ran with something they thought was too good to check.
A retraction described as a "Correction" currently on CNBC's web site tells readers: "A previous story incorrectly reported that Mitt Romney's former firm, Bain & Co., was part of a team of consulting companies that advised President Barack Obama on a decision to shutter car dealerships during the auto bailout. Bain & Co. said it has no connection to the "Bain Consulting" firm referenced in government documents." Several bloggers excerpted the original report, including Ed Morrissey at Hot Air. Some of what he captured follows:
Here is the operating motto of the Obama White House: "So let it be written, so let it be done!" Like Yul Brynner's Pharaoh Ramses character in Cecil B. DeMille's "The Ten Commandments," the demander in chief stands with arms akimbo issuing daily edicts to his constitution-subverting minions with an imperious wave of his hand. His entourage of insatiable usurpers never rests.
Can't delude legislators into adopting a $1.5 billion Kabuki summer-jobs makework boondoggle? Create an unfunded program through executive fiat.
A frequent BizzyBlog commenter tweeted about an online article he saw at CNNMoney.com entitled "Doctors going broke" about how many doctors are struggling in the current economy. His tweet: "Welcome to Obamacare."
A frequent BizzyBlog commenter tweeted about am online article he saw at CNNMoney.com entitled "Doctors going broke" about how many doctors are struggling in the current economy. His tweet: "Welcome to Obamacare."
What's interesting is that my tweeting commenter is right that Obamacare is definitely already influencing the viability of medical practices. But Ms. Parija Kavilanz's Friday report acts as if the mind-numbingly lengthy legislation and the torrent of regulations which appear destined to end up being huge multiples of that outrageous length don't exist, and actually blames many docs for their predicaments:
Indiana House of Representatives Democrats could incur fines for every day that they refuse to show up to work. Democratic caucus members have threatened to fail to report for duty as a protest against a Republican bill that would make Indiana a right-to-work state.
Reporting the story for the Associated Press today, Tom LoBianco (available here on Twitter) heavily weighed down his report with sob stories about the potential financial difficulty facing Democrats should they boycott the job they were elected to do (emphasis mine):
Washington Post scribes David Nakamura and Felicia Sonmez dutifully set out today to paint President Obama as the hero of the masses for his "bold act of political defiance" in naming "Richard Cordray as head a new consumer watchdog agency Wednesday, bypassing Republican opposition in the Senate that derailed his nomination last month."
Nakamura and Sonmez waited until the 10th paragraph in their 33-paragraph page A1 story to get to the Republican side of the argument, that "precedent, over the past two decades, has been that no president can make such an appointment during a recess of less than 10 days."
On Tuesday, liberal radio host Thom Hartmann engaged a conservative caller who was tired of the anti-capitalist rhetoric from President Obama and the left. “From the president’s own mouth, the anti-capitalist rhetoric is so poisoned,” said the caller.
Hartmann interrupted: “It is rhetoric in opposition to the excesses of unregulated capitalism. Unregulated capitalism can become a cancer just like unregulated growth in a cell is the definition of cancer.” Hartmann went on to say that libertarian notions are corrupting government, and that the Founding Fathers were for “general welfare” exactly like Franklin Roosevelt.
The establishment press will never tell their readers, listeners and viewers that the five best-performing states in job growth through the first eleven months of this year, as well as nine of the top eleven, have relatively conservative Republicans occupying their respective governors' mansions. If these eleven star performers had only performed as well as the rest of the nation, over 300,000 fewer people would be working, and the unemployment rate would be at least 0.2% higher.
As will be seen after the jump, the list, based on data released today by Uncle Sam's Bureau of Labor Statistics, includes several against which the Obama administration has undertaken significant job-killing or job-deferring actions (i.e., these states have outperformed despite the handicaps, and would have done much better without them):
George Will on Sunday marvelously told liberal economist Robert Reich something that many conservatives have been dying to say for years.
During a fascinating Right vs. Left debate on ABC's This Week, after Reich predictably pined for higher income tax rates to solve all that ails us, Will struck back with the line of the weekend, "You are a pyromaniac in a field of strawmen" (video follows with transcript and commentary):
Late Friday afternoon, Todd Shields at Bloomberg News broke a story about some guy, who happens to be an Obama and Democratic Party donor (but not disclosed), against whom the Securities and Exchange Commission is formally considering an enforcement action (also not disclosed, though it was noted at the New York Times's Dealbook Blog five hours before Shields's report), whose "wireless service caused interference to 75 percent of global-positioning system receivers examined in a U.S. government test." Though it generated a fair amount of center-right blog discussion over the weekend, the establishment press largely ignored the stunning result.
Earlier this evening, Shields and Alan Levin reported even more troubling info (as carried at the San Francisco Chronicle; bolds are mine throughout this post):
Wrapping himself in the mantle of Theodore Roosevelt's "National Greatness" agenda, President Obama urged the nation to stand strong and unite behind ... his umpteenth regulatory czar. Nothing symbolizes American strength and vigor more than another unaccountable Washington bureaucrat.
If Richard Cordray, the stalled White House nominee to enforce the Dodd-Frank financial bureaucracy, is not approved, the wheedler-in-chief warned in Osawatomie, Kan.: "Every day we go without a consumer watchdog in place is another day when a student or a senior citizen or member of our Armed Forces could be tricked into a loan they can't afford — something that happens all the time."
On NBC's Rock Center on Monday, correspondent Harry Smith did a glowing profile of New York City Traffic Commissioner Janette Sadik-Khan, praising her as a "bold bureaucrat....on a mission to tame New York's mean streets. Her goal, untangle the gridlock and make it safer, greener and cleaner."
As Smith explained in his report, a big part of that plan involved shutting down streets throughout the city, making them only accessible to pedestrians and bicycles: "In Times Square, business improved almost overnight, with half the cars and trucks gone, the 356,000 daily visitors could breathe a little easier, and Sadik-Khan became the high priestess of people-friendly cities."
On Tuesday's Early Show, CBS's Cynthia Bowers let abortion advocates decry new pro-life legislation at the state level, barely letting supporters speak in her report. Bowers slanted by a three to one margin in the number of sound bites that she played from "abortion rights" supporters versus those from pro-lifers. She labeled Kansas Gov. Sam Brownback a "staunch abortion opponent," while giving no equivalent label to a pro-choicer.
The correspondent led the segment with a clip from an unidentified woman who aborted her unborn child who had been diagnosed with anencephaly, a disorder where most of the baby's brain fails to develop. She continued that the woman's obstetrician "suggested...one of only three clinics in the entire state [of Kansas] that still performs abortions- access that could soon be cut even further."
For conservatives, one of the bright spots of the Occupy Wall Street protests was when millionaire investor Peter Schiff went down to Zuccotti Park with video camera and a sign reading "I Am The 1% - Let's Talk."
On Tuesday, I had the pleasure of speaking with Schiff by telephone in a sweeping interview about his experience at OWS, how the financial media are doing, and ending with his rather frightening view of the economy and the future of our nation (video follows with transcript):
Anyone who made the easy prediction that the Associated Press would fail to bring up Fannie Mae or Freddie Mac in its fawning tribute to Barney Frank after his retirement announcement yesterday was correct. Anyone making the easy prediction that the AP would lionize him as a "gay pioneer" was also spot-on.
Also predictably, the wire service's Bob Salsberg and David Espo failed to mention that Frank advocated abolishing Fan and Fred as a dishonest survival tactic during his final reelection campaign in 2010, and of course did nothing visible to make that happen this year. What's really odious in this regard is that the AP pair gave him credit (pun intended) for how he "worked to expand affordable housing," when the Community Reinvestment Act-driven subprime crisis Fan and Fred engendered has sent the housing market levels not seen since World War II. What follows are excerpts from the AP. After that I have a few contrary and clear-headed paragraphs from an Investor's Business Daily editorial, and a little reminder of a 1999 "Present" vote which should have generated controversy, but didn't:
In just a few days, Americans will give thanks for their blessings and celebrate them by stuffing themselves with a bountiful feast. Despite this beloved tradition, many in the news media disapprove of overeating and continue to call for taxes on certain foods, and increased regulation.
Time magazine's website, includes an "Ideas" section with what it calls "Essential Insights. Great Debates. Informed Opinions." It was there that Shannon Brownlee, director of the liberal New America Foundation's (which is funded by George Soros' Foundation to Promote Open Society) Health Policy Program, recently called for more regulation under the guise of "public health."
At the top of Thursday's NBC Nightly News, anchor Brian Williams scolded Congress for opposing new Obama administration regulations on school lunches: "And out to lunch. Does pizza really look like a vegetable to anybody? The better question may be what does Congress have against healthier lunches for kids?"
Correspondent Anne Thompson later began a report on the supposed controversy by showing images of pizza and sarcastically remarking: "Look at this picture. What do you see? In this week's Washington Rorschach test, Congress sees a vegetable." She lamented: "...this week Congress rejected the Department of Agriculture's attempt to make school lunches healthier."
You would think that a story headlined "GOP says Energy Dept. tried to delay solar layoffs" would have a quote or two from a Republican Party spokesperson, politician, candidate or even a rank-and-file party member alleging that, well, the Energy Department tried to delay layoffs at now-bankrupt Solyndra. It doesn't. The "trifling" matter clearly didn't concern the headline writer at the Associated Press, which one again is showing that it deserves to be called "The Administration's Press."
Without attribution, Matthew Daly's early afternoon story (saved here at host for future reference, fair use and discussion purposes) largely relays and only slightly builds on what Carol D. Leonnig and Joe Stephens reported yesterday at the Washington Post. What follows are selected paragraphs from Daly's report, including two (in bold) which only generically cite GOP criticism:
President Obama's various remarks at the Asia-Pacific Economic Cooperation CEO business summit in Honolulu over the weekend show he is simply incapable of growing in office. In just a few short statements, we saw many of the familiar practices through which he has alienated such a large percentage of the American people and damaged the economy.
Away from his teleprompter, he treated us to further insults of Americans, his unfriendly attitude toward business and the private sector, his narcissism, and his refusal to accept responsibility for his own actions.
On Saturday, at a Q&A session at the APEC CEO Business Summit in Hawaii, President Barack Obama, when asked about impediments to foreign investment in the United States, responded in part: "... we’ve been a little bit lazy, I think, over the last couple of decades. We’ve kind of taken for granted -- well, people will want to come here and we aren’t out there hungry, selling America and trying to attract new business into America."
As would be expected, this impolitic comment has generated quite a bit of discussion all over the place in the two days since. Well, almost all over the place, as you'll after the jump in graphic captures of the results of searches on "Obama lazy" (not in quotes) at the main site of the Associated Press and at the New York Times (Times search is in order of newest first):
MSNBC daytime host Tamron Hall failed to use the J-word -- jobs -- in alerting MSNBC viewers today of President Obama's decision to delay his decision on authorizing the proposed Keystone oil pipeline.
Noting the story on the 2 p.m. Eastern NewsNation program, Hall described the "massive oil pipeline" project as "controversial" because it would run through "an environmentally-sensitive area in Nebraska." As such, Hall added, President Obama wants to explore "other possible routes." Meanwhile "digging is on hold, likely until after the presidential election."
Four hours earlier on Chris Jansing Reports, substitute host Richard Lui very briefly noted that "critics claim the delay will cost the U.S. some 20,000 new jobs." There was no reference to the fact that many of those critics are Democrat-friendly labor unions.
Kerem Ozkan at Advertising Age is not happy with Matt Drudge for having the nerve to call a USDA-administered fee imposed on growers of Christmas trees a "Christmas Tree Tax" (link is Drudge Archive item containing the referenced headline).
Actually (Ozkan recognizes this), Drudge didn't start it. David Addington at Heritage did. Here are excerpts from Ozkan's not-so-fine whine, during which he inadvertently demonstrates to readers why Drudge's characterization was correct:
David Firestone, a former national and Washington correspondent for the New York Times who is now on the paper’s editorial board, was featured on Editorial Page Editor Andrew Rosenthal’s blog Thursday, commenting on the GOP debate in Michigan Wednesday night, specifically Rick Perry’s flub when he was unable to name the three federal agencies he wanted to eliminate. However, Firestone informed us, “the real mental lapse” involve Republicans trying to cut government programs in the first place. Meanwhile, Obama's stimulus "unquestionably saved millions of jobs."
It would be funny if it weren't so transparently sad. We've seen "name that party" games for a long time in the press. Today, the Associated Press played "name that company."
In an unbylined report Friday evening which oddly has Dina Cappiello's Twitter address at the bottom , the identity of failed solar manufacturer Solyndra isn't revealed until the third paragraph. The item's headline refers vaguely to "a failed solar firm," while the opening paragraph describes "a failed solar panel manufacturer." Really:
There he goes again. President Obama, on the campaign stump, rails against the "rich," saying our "wealth gap" shows a need for a "fairer approach."
Does he really believe our economic problems have been caused by insufficient taxes on the rich? Insufficient taxes overall? If not, then what can we conclude about his insistence on hammering this point rather than addressing the real causes and real solutions?
Obama's ceaseless attack on the "rich" and his effort to divide Americans on the basis of their income and wealth can best be seen as a diversion, an attempt to distract Americans' attention from his failure to address our interrelated economic malaise and fiscal crises.
CBS's Early Show on Monday found yet another excuse to report on Occupy Wall Street, spotlighting the diehard protesters who stayed in Zuccotti Park during a winter storm. While correspondent Debbye Turner Bell noted the $3.4 million spent on police overtime in New York City and the complaints from businesses near the demonstrators' campsite, she didn't play one sound bite from the opposition.
Turner Bell first highlighted the "freezing temperatures and record-breaking October snow" over the past weekend in the Northeast and added, "And that does raise the question of how committed are these Occupy Wall Street protesters? But there's another question: can local city governments afford to pay the price tag that goes along with expressing this basic American right?"
On Friday, NPR's Julie Rovner bemoaned the "crummy month for sentiment" about ObamaCare in an online report about the latest poll from the liberal Kaiser Family Foundation, which found that over 50% oppose the liberal law. Rovner also labeled Romney's Massachusetts health care law his "landmark achievement."
The correspondent lead her NPR.org item, "Democrats Lose Enthusiasm For Health Law," by seemingly downplaying the poll results and using her "crummy" label: "Sure, it's just one poll of many, but October marks a crummy month for sentiment about the federal Affordable Care Act." She continued by noting that "more than half of those polled...had an unfavorable view of the measure overhauling health care. Only 34 percent said they viewed the law favorably, a post-passage low."
The Occupy Wall Street demonstrators are demanding "people before profits" — as if profit motivation were the source of mankind's troubles — when it's often the absence of profit motivation that's the true villain.
First, let's get both the definition and magnitude of profits out of the way. Profits represent the residual claim earned by entrepreneurs. They're what are left after other production costs — such as wages, rent and interest — have been paid. Profits are the payment for risk taking, innovation and decision-making. As such, they are a cost of business just as are wages, rent and interest. If those payments are not made, labor, land and capital will not offer their services. Similarly, if profit is not paid, entrepreneurs won't offer theirs. Historically, corporate profits range between 5 and 8 cents of each dollar, and wages range between 50 and 60 cents of each dollar.