Two years ago, Jimmy McMillan ran for New York governor and became a viral sensation, with more than 7 million Youtube views. Now the creator of The Rent is Too Damn High party is running for New York City mayor and has expanded his platform is his new rap anthem video.
In the first 30 seconds of his video, the news reporter declared that rent in New York is at an all time high. “Critics say Bloomberg has failed.” McMillan pointed out that mayor’s economic record is one of failure.
Suppose you buy a gallon of gas for $3. How much did it cost you? You say, "Williams, that's a silly question. It cost $3." That's where you're mistaken, because there's a difference between price and cost. To prove that price and cost are not the same, consider the following. Suppose you live and work in New York City and routinely pay $15 for a haircut. Imagine you were told that there's a barber in Boise, Idaho, who can give you the identical haircut for just $5. Would you start going to the Boise barber? I'm betting you'd answer no because even though the price is cheaper, the cost is greater.
We might think of price as the money that's actually given in exchange for the transfer of ownership. When you purchased the gallon of gas, you simply transferred your ownership of $3. What the gas cost you is a different matter. One way to determine the cost of a gallon of gas is to ask yourself what sacrifice you had to make in order to have $3 to buy it. Say that your annual salary is $75,000. Your total federal income tax, state income tax, local taxes and Social Security and Medicare taxes come to about 35 percent of your salary. That means that in order to purchase the $3 gallon of gas required that you earned about $4.60 in order to have $3 after taxes. That means a gallon of gas costs you $4.60 worth of sacrifice. But that's not so costly as it is to a richer person — for example, someone earning a yearly salary of $500,000. He has to earn more than $5 before taxes in order to have $3 after taxes to purchase gas.
Former congressman Barney Frank (D-Mass.) went on MSNBC this morning to react to yesterday’s bombing at the Boston Marathon. In a shameless moment of advocacy, Frank used the tragedy to make a political statement about revenue and the size of government. Considering that this happened on MSNBC, you might expect the host to condone the congressman’s liberal activism, but anchor Thomas Roberts actually called Frank out for his despicable attempt to politicize this tragedy.
Early in the interview, Frank stressed that none of us know much about who and what were behind this event as of yet. So the former congressman turned to what he does know how to do – attacking his ideological opponents: [Video below. MP3 audio here.]
As NewsBusters reported earlier, MSNBC's Chris Matthews seems hell-bent on trying to blame the Boston Marathon bombing on a domestic terrorist, preferrably a conservative one.
After saying shortly into his Hardball program, "Normally domestic terrorists, people, tend to be on the far right," Matthews later asked his guests if Tax Day had something to do with the event since it doesn't mean a "whole lot to the Arab world or Islamic world or the, certainly not to al Qaeda" (video follows with transcript):
Documents obtained through a Freedom of Information Act request revealed that agents for the Internal Revenue Service are bypassing warrants and sifting through the email and other electronic communications of American citizens.
Those documents disclosed that "agents were told they didn't need a warrant to root through emails, texts or Facebook pages of people (the IRS) is investigating," according to Fox News.
Any time you see an establishment press reporter fail to use quotation marks in characterizing something said by a subject of his or her report, be on the lookout for misdirection, misinterpretation, and downright distortion, especially if the person is a conservative or Republican. A story at Politico by Donovan Slack early this afternoon about the reactions of House Speaker John Boehner and Senate Minority Leader Mitch McConnell to President Obama's budget is a case in point. Slack pretended that Boehner said something he simply did not say.
Slack wrote: "House Speaker John Boehner hit President Obama's budget for failing to cut enough spending while Senate Minority Leader Mitch McConnell dismissed it as 'just another left-wing wish list.'" Slack didn't quote Boehner. Boehner didn't come anywhere close to saying what Slack claims he said, as seen in the complete text of the Speaker's statement (video is at the link) following the jump:
President Obama’s budget is finally out -- a mere 65 days late -- and it’s loaded with tax increases.
At yesterday’s press briefing, White House flack-in-chief Jay Carney admitted that middle class tax increases were coming. But if a tree falls in the woods, does anyone hear it? Major media outlets like the New York Times, Los Angeles Times, Washington Post, and sadly even the Wall Street Journal failed to mention this aspect in their coverage of the budget’s unveiling today. Here's the relevant exchange from the April 9 briefing (emphasis mine):
On Tuesday's The Last Word with Lawrence O'Donnell, MSNBC host O'Donnell fretted that people "suffer deprivations" in the United States because the U.S. is the "world's biggest tax haven" with a relatively low tax burden compared to other countries. After showing his viewers a chart recounting that the U.S. ranks 31st in the percentage of the economy the government collects in taxes, O'Donnell added:
Maybe MSNBC was trying to deflect some of the controversy surrounding Melissa Harris-Perry's previous "Lean Forward" promo by pushing out a new one. MH-P had provoked outrage in that earlier promo by proclaiming that "kids belong to their communities," not to their parents.
But if anything, the new promo aired during today's Morning Joe just adds fuel to MH-P's socialist fire. While claiming to defend meritocracy, Harris-Perry could only grudgingly admit that the most successful should earn "a little more." She then proceeded to proclaim as a right "health care, education, decent housing and quality food at all times." From each according to his abilities, to each according to his needs, anyone? View the video after the jump.
On Monday's All In show on MSNBC, host Chris Hayes praised Britain's "beloved" national health care program as possibly "one of the great hallmarks of western social democracy," as he admitted to delivering criticism from a liberal point of view of former British Prime Minister Margaret Thatcher's administration.
Sometimes the media will engage in selective amnesia, pretending to forget about a past occurrence because the memory of it would hurt the liberal narrative they are trying to advance. That was clearly the case on this Saturday’s CBS This Morning.
The network’s political director, John Dickerson, was on to discuss President Obama’s forthcoming budget proposal, which is expected to include some cuts to the growth rate of Social Security. Unsurprisingly, Dickerson spoke entirely from the president’s point of view, essentially relaying the White House message to congressional Republicans, the crux of which was: “[Obama]’s also trying to create some public pressure on Republicans, saying look, I've offered something on my end, now you have to offer something, which in this case means some agreement to some level of tax increases.” [Video below. MP3 audio here.]
I guess Byron Tau thought he had to make it look like Big Labor is really, really mad at President Barack Obama and the White House so he could make Obama look like he's a moderate on economic and fiscal issues. Thus his Sunday morning post's headline: "Labor targets Obama over proposed benefit cuts."
Of course, they aren't "cuts" at all, though they are being portrayed as such. All Obama has done, according to information which appears to have been conveniently leaked (perhaps in hopes of killing the idea) to the New York Times ahead of his very late President's Budget, is "propose a new inflation formula that would have the effect of reducing cost-of-living payments for Social Security benefits, though with financial protections for low-income and very old beneficiaries, administration officials said." Despite the weakly descriptive language at the Times, monthly Social Security and other checks would continue to increase under the proposal each year inflation occurs -- just not by as much.
After telling the world on Thursday that "Gone are the fears that the economy could fall into another recession," it seems that the Associated Press's Christopher Rugaber needed some help explaining away Friday's weak jobs report from the government's Bureau of Labor Statistics.
The AP had four reporters on Friday evening's coverage, all seemingly in search of a viable excuse for another "unexpectedly" disappointing report: Rugaber, co-author Paul Wiseman, and contributors Jonathan Fahey and Joyce Rosenberg in New York. Several paragraphs from their report follow the jump (bolds and numbered tags are mine):
New York Times columnist Paul Krugman was giddy over a triumph of the liberal vision in the supposedly resurgent California economy in Monday's "Lessons From A Comeback." The state has overcome a "fanatical conservative minority" to push through "desperately needed tax increases." But is California really back?
....California has been solidly Democratic since the late 1990s. And ever since the political balance shifted, conservatives have declared the state doomed. Their specifics keep changing, but the moral is always the same: liberal do-gooders are bringing California to its knees.
Too bad for AP, and the public at large being brainwashed by the incessant repetition of what is proving to be patently false, that we're nearing the two-decade mark of flat worldwide temperatures, and that even reliably leftist outfits are starting to backtrack.
On Tuesday's Morning Edition, NPR's Carrie Johnson played up the positive financial impact for same-sex couples if the Supreme Court strikes down the Defense of Marriage Act. All of Johnson's talking heads came from the left side of the political spectrum – the plaintiff challenging the 1996 law at the Supreme Court; an accountant who caters to same-sex couples; a fellow for the liberal Tax Policy Center; and an openly homosexual law professor.
The correspondent touted how the litigant before the Supreme Court "inherited a huge estate tax bill – a bill she would have avoided if her marriage had been recognized under federal law."
Silly me. I thought a "balanced budget" was defined as one where receipts equal outlays and there is no surplus or deficit during the period involved.
Not to David Espo, who is chief congressional correspondent at the Associated Press. In an "analysis" piece which looks more like a tool to begin reframing the language of "balance" to mean what Barack Obama and his Democratic Party really want it to mean -- namely to describe a "budget" containing deficits as far as the eye can see that has lots of tax increases and "spending cuts" which based on the historical record never materialize -- Espo showed once again why it's more than fair to call his employer and its journalists "the Administration's Press" (bolds are mine):
Syndicated columnist Charles Krauthammer said Tuesday that America is "headed the way of Cyprus."
Such was said on Fox News's Special Report near the end of a discussion about the state of California retroactively collecting taxes and interest after a court struck down a pro-business initiative established years ago.
There's a reason why Media Research Center sister site CNS News had to put out a story about how much the government has spent so far this year -- $1.505 tillion -- after Wednesday's release of the February Monthly Treasury Statement: Two of the three major wire services failed to report that obviously important number, and the third saved it for their writeup's final sentence.
What follows are excerpts from the respective Wednesday reports at Bloomberg, Reuters and the Associated Press.
The official Monthly Treasury Statement for February came out Wednesday showing a deficit for the month of $204 billion, basically the same as the Congressional Budget Office predicted several days earlier. The reported deficit through five months of the fiscal year is $494 billion, down from $580 billion a year earlier.
That February result was an "improvement" of $28 billion over the $232 billion deficit seen in February 2012. Unfortunately, the two main reasons for the difference demonstrate that the economy really isn't any better than it was a year ago. $20 billion of the difference occurred because the IRS was slower in sending out tax refunds than it was in 2012 because of the late passage of tax-related fiscal cliff measures in early January. The rest of the improvement can be traced to the repeal of the 2-point payroll tax cut which had been in place during calendar 2011 and 2012. Since February 2013 outlays were almost $9 billion lower than February 2012, one could argue that the economy actually did a worse job of generating taxes for the government than it did a year ago. Nevertheless, as would be expected, Christopher Rugaber at the Associated Press, aka the Administration's Press, cited "an improving economy":
When liberals and their media allies have an agenda to push, they’ll use any tool at hand. The left often rails against the presence of religion in civic life, mocking conservative Christians as “Taliban” agitating for theocracy. But other times, they find faith to be a handy weapon to bludgeon conservatives. And they’ll go so far as to reinterpret and rewrite the Bible to justify any liberal cause, no matter how outrageous.
In 2010, MSNBC anchor Melissa Harris-Perry summed up this strategy in her call for “re-imagining the Bible as a tool of progressive social change.” Huffington Post contributor Mike Lux embraced Harris-Perry’s advice, writing that the Bible embodies “all kinds” of “liberal, lefty, progressive values.”
While you were watching Rand Paul's historic filibuster and the debate surrounding budget sequestration, an economic theory battle was waging between two of the nation's foremost liberal economists Paul Krugman and Jeffrey Sachs.
In his most recent salvo published at the Huffington Post Saturday, Sachs spoke heresy to Obama-lovers across the fruited plain including Krugman claiming that following the 2008 financial crisis, "It was the Fed, not the fiscal stimulus, which prevented a fall into depression."
The PBS NewsHour invited Nancy Pelosi on for an interview Thursday night, and the sparks were flying. Sparks of love, that is, between anchor Judy Woodruff and the House minority leader. Woodruff conducted a 10-minute interview of mostly softballs about the salient topics of the day. But one of today’s hottest topics, the sequester, only merited one question from Woodruff - and it wasn’t a query a serious journalist would ask. [Video below. MP3 audio here.]
Woodruff began, “Quick question about the sequester. The White House spent a lot of time, the president did, talking about the dire consequences once the sequester kicked in.” Okay. So far, so good. Now, surely Woodruff is going to ask why the president did an about-face and is now downplaying the sequester’s effects. Or maybe she’ll ask if Mr. Obama’s fearmongering was overblown. Or maybe she’ll even ask Pelosi if the president did everything he could to reach a compromise with Republicans to avert the sequester.
The Washington Post editorial board today endorsed a plastic bag tax being considered in the Maryland General Assembly, insisting that the 5-cent excise tax will reduce plastic bag litter which clogs the state's streams and raise some "$7.3 million in revenue, a quarter of which would be retained by retail establishments like grocery stores." "It's a sensible measure that will help the environment -- if lawmakers have the spine to stand up to special interests," the paper huffed in its concluding line.
But what the Post failed to mention is that the bill, SB 576 -- entitled the Community Cleanup and Greening Act of 2013 -- specifically EXEMPTS plastic bags used to wrap newspapers, an exemption which obviously favors the Washington Post company:
As NewsBusters reported earlier, New York Times columnist Paul Krugman and MSNBC's Joe Scarborough had quite a heated discussion about the budget, debt, and the economy on PBS's Charlie Rose Monday evening.
Near its conclusion, Scarborough actually scolded Krugman for pompously behaving like a sighing Al Gore (video follows with transcript and commentary):