CNN’s Wolf Blitzer, during a much hyped interview of Barack Obama on Thursday’s "The Situation Room," tried to dismiss facts about the Illinois Senator’s as mere opinions. First, the CNN host made a prediction about the upcoming general election campaign: "You know they're going to paint you -- the McCain camp, Republicans -- as a classic tax and spend liberal Democrat, that you are going to raise the taxes for the American people, and to spend money like there's no tomorrow when it comes to federal government programs. You ready to handle that kind of assault?"
Taxes
CNN’s Blitzer to Obama: ‘You Ready to Handle’ the ‘Assault’ from GOP?
The New York Times Dubs FAA 'First-Rate Regulator' and 'Role Model'
The New York Times reported that outside the United States the Federal Aviation Administration is considered a "role model" and "first-rate regulator," because it has the lowest accident rate in the world. The Times' viewed regulation rather than market based innovation as the solution to accident rates in foreign countries.
In Latin America, "accidents number one for every 600,000 flights" and "Africa is the least safe region in the world for air travel, with one accident for every 244,000 flights," said the Times.
One source, Giovanni Bisignani, secretary general of the International Air Transport Association, lamented the "the lack of a common regulatory framework" and failure to live up to standards set by the International Civil Aviation Organization, a United Nations specialized agency.
But the success of accident records in the United States doesn't lie solely in regulation. Safety looks good to consumers too.
Petition Against Gas Tax Holiday Pushed by Left-Wing Economists
The debate over a gas tax holiday has caught the attention of all three presidential candidates as well as the media. Last night, CBS "Evening News" said 150 economists had signed a petition against the cut and quoted one saying "it isn't sound economic policy."
But that list includes several prominent liberal economists, some who have also opposed the Bush tax cuts and pushed for a higher minimum wage in other petitions. The list featured economists from liberal groups such at the Brookings Institution and the Urban Institute, as well as several former Clinton staffers.
Reporter Priya David didn't mention any political affiliations or leanings for those opposed to the gas tax holiday. "But last week some 150 economists signed a petition saying it's a bad idea," she said.
Alter Suggests Only 'Stupid' Voters Want Gas Tax Cut
On Friday's Countdown show, MSNBC analyst Jonathan Alter, also of Newsweek, suggested that voters who support Hillary Clinton's call for a temporary suspension of the federal gasoline tax are "stupid" as he contended that the Clinton campaign team are "assuming that people are too stupid to realize that this is a bad idea that won't save them any money at the pump." Alter later argued that the tax cut strategy may end up succeeding politically for Clinton because "there are a lot of what are called 'low information' voters" who are "not reading the unanimous, unanimous newspaper editorials against this. They're not talking to the environmentalists, the economists, everybody who unanimously believes this is a bad idea. They're, you know, understandably struggling, and at the pump, they're paying a lot for gas, and they want some relief." (Transcript follows)
While WaPo Opts to Caricature Exxon, FinTimes Reports Biz Fundamentals
Big bad oil company ExxonMobil is "on the defensive in the face of consumer ire and congressional indignation" as it raked in a "huge" first quarter profit, Washington Post's Steven Mufson informed readers of his front page May 2 article.
Mufson later noted that "[d]espite Exxon's colossal profit, the company's stock fell yesterday." Mufson blamed investors "shift[ing] gears" to turn to other stocks and pull out of commodities. Yet Mufson made no attempt to explore how "new congressional vows to come up with legislation" to tax oil company profits might play into investors being skittish about the company, a favored bogeyman of left-wing populist politicians in election years marked by high gasoline prices.
By contrast, the May 2 Financial Times took a less political, business-oriented look at ExxonMobil with a front-pager by Sheila McNulty and Carola Hoyos entitled, "Exxon oil production struggles for growth":
Two Days Worth of Standing Against Gas Tax Relief on CNN
Two segments that aired on two days straight on CNN underscored the network’s alignment with those who stand against a gasoline tax holiday during the summer driving season. First, Carol Costello’s segment on Wednesday’s "Newsroom" program used last year’s bridge collapse in Minneapolis to advance the idea that "things like road construction and bridge repair" would suffer as a result of the lost revenues. The following day, on Thursday’s "The Situation Room," host Wolf Blitzer pressed McCain campaign adviser Carly Fiorina, a former CEO of Hewlett-Packard, on McCain’s proposal, asking, "So when you say that he would take the money from reserves, in other words, we would go further into debt to pay for this tax break?" During the interview, a chyron or graphic on the screen claimed, "Saving on Gas Could Cost You: Whether to Suspend Fed Gas Taxes."
Michael Moore: Americans Pay More Taxes Than French, Most of Europe
As noted earlier today on Newsbusters by Matthew Balan, Michael Moore appeared on CNN's "Larry King Live" last evening. I caught a good portion of the "interview" (if King's constant agreement and sucking up qualify as an interview) and one little segment in particular got my attention. The subject was taxes:
MOORE: You were asking me a serious question. I'm sorry. Actually, you know what I would do is I would get -- I would try to lower Americans' taxes to the rate that the French pay. The French pay less taxes than we do, less.
KING: Socialist country?
'World News' Gives One-Sided Anti-Gas Tax Holiday Report
It might not the best solution in the world, but any tax break is certainly worthy of consideration - just not according to ABC's April 30 "World News with Charles Gibson."
"The idea is to cut taxes and gas prices during in the summer vacation months, when demand is highest," ABC News correspondent David Wright said. "Great politics, but apparently terrible economics."
ABC opposed the proposal, supported by both presidential contenders Sens. John McCain (R-Ariz.) and Hillary Clinton (D-N.Y.) on the grounds it would increase demand and cause harm to the environment.
Joy Behar: O'Reilly's Healthcare Cost Concerns 'Untrue'
Joy Behar claims Bill O’Reilly’s concerns over the enormous financial cost of Hillary Clinton’s universal healthcare plan is "untrue" and "he just keeps saying it over and over as if it’s true," implying that O’Reilly is lying. This from the same woman who frequently airs false information.
Discussing Senator Clinton’s interview with Bill O’Reilly on the May 1 edition of "The View," Whoopi Goldberg and Joy Behar sought to counter O’Reilly’s claim noting the national debt was much smaller at the end of the Clinton presidency than it is now. What they failed to note was that the Clinton administration failed to pass a universal healthcare plan. Had they succeeded the national debt may have been higher.
After citing other alleged failures of the Bush administration, such as high gas prices, "objective" journalist Barbara Walters commented "oh and by the way, there’s a war" and soon added in a facetious tone "we never give our opinions."
NYT's Krugman: McCain 'Evil', Clinton 'Pointless' on Gas Taxes
Hillary Clinton's tax policy on gas and oil is "pointless" while John McCain's is "evil," according to New York Times columnist Paul Krugman. But in explaining the difference, Krugman betrays either his ignorance of the flawed history of the so-called "windfall profits tax" on petroleum or his tacit approval of the tax despite its folly as public policy.
From Krugman's April 29 Conscience of a Liberal blog post (emphasis mine, paragraph breaks removed):
Anyway, John McCain has a really bad idea on gasoline, Hillary Clinton is emulating him (but with a twist that makes her plan pointless rather than evil), and Barack Obama, to his credit, says no. [...] The Clinton twist is that she proposes paying for the revenue loss with an excess profits tax on oil companies. In one pocket, out the other. So it’s pointless, not evil. But it is pointless, and disappointing.
Far from being pointless, a windfall profits tax produces negative effects on consumers and investors, as well as the health of the energy industry, say many economists, including former Bill Clinton economic advisor Robert J. Shapiro who focused his fire on the policy's damage to retirees' investments (see PDF of study here).
Washington Post reporters Alec MacGillis and Steven Mufson found another liberal economist with nothing positive to say for a windfall profits tax in their May 1 front-page article (emphasis mine):
Supply-Side Stunner: April US Receipts on Track for Record
Those of us, including myself, who thought that the supply-side boom in federal receipts had totally played out, as well as those who are concerned about the condition of the economy, have received a surprising bit of good news this month.
Old Media, which doesn't seem interested in looking for, let alone finding, good news, is not reporting a very interesting development. With two business days remaining in April, Uncle Sam's Daily Treasury Statement shows that federal receipts from income and employment taxes, before refunds, are actually ahead of all of April 2007:
'Incredible Shrinking Stimulus' Won’t Save the Day, Says Couric
After pushing for the government to save the day as the economy comes to grips with bad business decisions made in the credit markets, “CBS Evening News” doesn’t think the government’s tax rebate will be enough.
“The government started sending out those tax rebate checks today, but they may not do all that much to stimulate the economy because a lot of the money will be used to pay for basic necessities like energy,” “CBS Evening News” anchor Katie Couric said on the April 28 broadcast. “The price of oil approached $120 a barrel today before closing at a record $118.75.”
Despite some receiving checks between $300 and $1,200 and an extra $300 per child, Couric deemed the rebate checks as “shrinking” because of high gas prices.
LiveBlog: Bush Press Conference on the Economy
President Bush is holding a press conference on the U.S. economy. I'll be blogging the questions to the president below.
Video of Bush/Raddatz clash here (audio available here).
Video of Stolberg and Ryan on recession here (audio here)
My bottom line analysis (11:25): The two R's of bias from this Rose Garden presser: Martha Raddatz on Syria and numerous reporters on the dreaded R-word, recession. Of course a recession is two consecutive quarters of NEGATIVE economic growth, and we've yet to see one quarter of negative growth, much less two. But all the same, NY Times's Stolberg made it sound like Q1 numbers on GDP tomorrow will show a recession.
The questions below will be posted in reverse chronological order:
CBS 'Follows the Money' on Federal Spending with Left-Wing Talking Points
One man's pork spending is another's "relative bargain" according to the "Follow the Money" segment on the April 15 "CBS Evening News."
The newscast commemorated Tax Day by featuring what federal tax dollars are spent on, but what they chose to highlight was peculiar.
"The biggest tab for taxpayers is defense," CBS correspondent Bob Orr reported. "The average American household is paying $2,761 in 2007 - or put another way, enough to cover 12 car payments for a new Honda Accord. Social security is nearly as expensive, $2,663 - enough to heat and cool a home for a year. In total, the average tax bill this year tops $13,000 and most taxpayers have no idea what the government is doing with their cash."
NBC: Tax Cuts Mean McCain's Economic Plan 'Doesn't Add Up'
Network journalists have yet to meet a spending hike or regulation that they considered unwise, but any tax cut is always ill-advised and helps “the wealthy.” Living up to the pattern -- and illustrating how John McCain will earn media scorn for any conservative policy proposal -- NBC Nightly News anchor Brian Williams set up a Tuesday story on McCain's economic plan by emphasizing how “some critics say his economic plan, which centers on more tax cuts, doesn't add up.”
Reporting on McCain's plan outlined in a speech at Carnegie-Mellon University in Pittsburgh, reporter Kelly O'Donnell listed McCain's idea for a summer suspension of the gas tax, though that “tax is used to pay for highway repairs.” O'Donnell moved on to McCain's proposal to “double the income tax exemption for dependents to $7,000 a year,” hardly a boon to the rich, before getting to McCain's “core idea” to “lower taxes and make up lost revenue with cuts in government spending.” She then delivered the liberal line: “But critics and some economists argue McCain's math is wrong, that his plan would tilt toward the wealthy, swell the deficit, and not trim enough.”
NYT Editorial: Fool Taxpayers, Hide Taxes Behind New Name 'Dues'
Well, it's April 15th and we all know what that means. It's tax day, the day when we must pay tribute to the Lords in Washington. And on that day, The New York Times published a new spendaholic, high taxing idea to fool America's taxpayers into accepting more tax by pretending it is something else. Stuffed with bad historic interpretation, Republican slamming, and typical old style Stalinist rhetorical games-playing this editorial by Richard Conniff whimsically dreams the dreamy, dream that we aren't taxed enough and how we might fool Americans into paying more by just using a different name for them. To whit they aren't to be called taxes anymore. They're to be called "dues."
Conniff begins his uninformed rant against people who stand against high taxes by implying that we are even unpatriotic if we don't support confiscatory taxation and that our politicians are just too weak spinned to properly lead us to higher taxes despite public opinion.
Whoopi Goldberg Rails Against Her Taxes
To mark Tax Day, Whoopi Goldberg, a strong critic of high taxes, railed against how much the government takes from her paycheck. On the April 15 edition of "The View," Whoopi displayed some of her bills with the many government fees attached to it. She also felt she was being punished for her success even calling it "un-American" and wondering why she never gets a "break."
Co-host Elisabeth Hasselbeck asked Whoopi, who admitted to voting for Hillary Clinton, if she would vote for someone who by their own admission, would raise taxes on the wealthy. Whoopi did not directly answer the question only stating "we’re getting screwed either way."
Joy Behar jumped in to hype Denmark’s socialist system. She noted Denmark’s high taxes but seemed to forget she did when she noted healthcare and education are "free." Behar then went off on a tangent when Elisabeth Hasselbeck said "so everybody move to Denmark and see if you like it." Behar screamed "don’t give me that argument. I heard that in the 60's and the 70's if you don’t like it here get your ass out. I don’t appreciate that."
The entire transcript is below.











