Time magazine veteran Margaret Carlson, now with Bloomberg News and The Week magazine, used the Minnesota bridge collapse tragedy as a fresh excuse to tout how the public really wants a tax hike while she regretted the lack of political “will” to raise taxes and that the government can't find more money for infrastructure but can afford “$4,000 a minute on the Iraq war.” Citing a poll conducted a decade ago when Democrat Ed Rendell was Mayor of Philadelphia, on Friday's Inside Washington aired on the DC PBS station, WETA-TV channel 26, Carlson claimed that “nearly 70 percent of people polled would pay more in taxes to actually know that they could cross the 14th Street bridge safely,” a reference to a bridge between Washington, DC and Virginia. “But,” she fretted, “you can't get the will to do it. I mean, we certainly had the wake-up call in Katrina, everyone knows the situation, but can you really get it done when there's, by the way, very little money left?”
A night after CBS Evening News anchor Katie Couric, without any consideration for cutting other spending, presumed taxes must be hiked to pay for infrastructure repair, CBS reporter Sharyl Attkisson ludicrously described federal and state governments as “cash-starved” as she relayed the expert view of just one person, a Democratic Congressman, whom she said blames the lack of courage to “collect” more taxes. A nice euphemism for raising taxes. On Thursday night, Couric had asked: “Are taxpayers ready to spend the billions, maybe trillions, it would take to fix all the pipelines, tunnels and bridges?” (My NB item)
On Friday night, Attkisson noted that out “of the $2.7 trillion federal budget, it's estimated only around $50 billion a year goes for infrastructure” while “experts say what's needed is $210 billion a year for five years.” After citing a couple of examples of misguided pork barrel spending for road projects when repair work goes wanting, Attkisson pointed out how “Congress only funds about 25 percent of the nation's infrastructure.” She then absurdly asserted that states and local governments which “pick up the rest of the tab” are “cash-starved too.” For her only expert assessment, Attkisson turned to Democratic Congressman Jim Oberstar, Chairman of the very committee which funnels the pork spending, described as “Congress's leading authority on infrastructure” who “says both Congress and the White House have traditionally had trouble making the tough decision to collect and spend more tax dollars on infrastructure.”
Robin Hood would be proud of the Washington Post’s perverted view of capital gains taxation. If the newspaper has its way, he wouldn’t have to steal from the rich to give to the poor. The government would be doing it for him.
Calling it the “most controversial tax break on Wall Street,” the Post promoted the idea of wrongdoing:
“[It] is not authorized by any law and was never approved by Congress,” wrote the Post.
Neglecting any thought about cutting spending anywhere within the federal budget, for instance some of the soaring entitlement spending, CBS's Katie Couric on Thursday night wondered if taxpayers are “ready to spend” the “trillions” needed to repair the nation's infrastructure. Just the night before, Couric's newscast illustrated why entitlement spending keeps rising faster than inflation and population growth, as she aired a sympathetic look at “getting medical coverage for the millions of American children who don't have it,” a relatively (compared to total entitlement spending) small plan which would hike spending by $50 billion over five years.
Couric's assumption about higher taxes came as she introduced an August 2 CBS Evening News story from Nancy Cordes on the estimate by the American Society of Civil Engineers, a group obviously in favor of additional public works project spending, that it will cost $1.6 trillion to address infrastructure needs. Live from Minneapolis, Couric asked: “Experts have been warning for years that this country's infrastructure is crumbling. But are taxpayers ready to spend the billions, maybe trillions, it would take to fix all the pipelines, tunnels and bridges?” (Comparative budget numbers below)
On tonight's Hardball, Mike Barnicle, substitute-hosting for Chris Matthews, used the tragedy of the bridge collapse in Minneapolis to call for bigger government and wondered, "Does this help the Democrats?" All throughout tonight's show, Barnicle repeatedly pressed his guests to call for an increase in the size of government and at one point even demanded: "Government's gotta get bigger!"
First up Barnicle asked the liberal Barney Frank where he would find the money to pay for bridge repair. After Frank responded that he would "end the war in Iraq" and raise taxes to improve America's infrastructure, Barnicle took the Congressman's cue to advance the tax hike/big government theme for the entirety of the show.
The following are just some of the exchanges as they occured on the August 2, edition of MSNBC's Hardball:
Sounding more like ABC's Sam Champion or Al Gore than a "fair and balanced" news anchor, Fox's Shepard Smith slammed Americans in general and his studio audience in particular in a recent "Studio B" interview with a British man who swam at the North Pole as a global warming-related publicity stunt.
See the YouTube video below the fold. Here's an excerpt of the exchange:
It seems the media know why the stock market declined recent. Some journalists are blaming this recent correction in the stock market on widespread credit problems and point to troubles in the housing market as evidence.
“[B]ut nothing is likely to unsettle the markets as much as more credit woes,” said NBC News correspondent Pat Dawson on the July 29 “NBC Nightly News.” “Any additional problems with mortgage defaults or companies trying to borrow and coming up short is likely to send investors running for the exits again.”
Death and taxes may be the only certainties in life, but journalists’ support for higher taxes is almost as predictable.
Actions that liberals dislike, such as smoking, eating the "wrong" food, and spewing carbon earn media support for tax increases.
Right now, the media are promoting a “bipartisan” bill in Congress that would expand the State Children’s Health Insurance Program (SCHIP) by raising tobacco taxes sky-high.
“Senate Panel Adds Billions For Health,” announced a headline from the July 20 New York Times. The headline sent a positive message that people’s health would be improved, rather than the honest message that the bill calls for a 156-percent tax increase on cigarettes, and a more than 20,000-percent increase on cigars (up to $10 per cigar).
In the lead-up to Monday night’s YouTube debate with the Democrat presidential candidates, CNN ran prime-time specials previewing videos that might be featured during the debate, and most of those featured came from the liberal side. It should be no surprise then that video clips featured left-wing clips by almost a 3 to 1 margin versus the conservative clips - 17 liberal clips to 6 conservative clips, out of a total of 38 video question clips.
Video of 10 of the liberal questions (6:20): Real (4.53 MB) or Windows (3.79 MB), plus MP3 audio (2.15 MB).
As NewsBusters has been reporting this week (see this and this), as the stock market hit new all-time highs, the media have been dour Nervous Nellies carping and whining about gas prices, the low value of the dollar, the housing slump, and the rising trade deficit.
Yet, there are a variety of issues that press outlets have conveniently ignored during this record bull run that not only explain rising stock prices, but also give a more accurate view of what is going on in the global economy.
For instance, Bloomberg was one of the only major media outlets Tuesday which reported record purchases of U.S. securities by foreigners in May (emphasis added):
In last night’s CNN special on their upcoming YouTube debate, Paula Zahn previewed some of the video questions that had been sent in. The topics up for debate last night included faith and values, the environment and gay rights. Zahn led the segment on faith and values with the comment, “we are seeing an amazing variety of questions about faith and values for next Monday’s debate.” Unfortunately the four YouTube questions that followed were anything but a “variety.” The transcript of the questions follows below.
The blogoshpere is full of opinions, but this one you're paying for. Your tax dollars are going to National Public Radio Blogger and Morning Edition commentator John Ridley to editorialize "I'm sorry, but chick fights are sexy" in his new blog on the NPR website called “Visible Man”, which will appear twice a week. Ridley chimes in on why he likes Elizabeth Edwards for his first post:
Ladies throwing down is just plain hot, and that's true whether they're drunk and tussling on the Vegas Strip or if they're doing some verbal mud wrestling in the media. And the woman least afraid to get her li'l dukes up, and therefore currently the sexiest in politics, is Elizabeth Edwards.
The Hill newspaper can be a good read for Capitol Hill coverage. It goes deeper than the superficial treatment the MSM often gives legislative matters.
That said, it seems to me the paper is taking at best a curious tack on an issue dividing fiscal conservatives of late: whether to sew up a federal tax loophole on private equity compensation and effectively raise some taxes as a result.
The Hill is painting the matter as one of conservative activists versus their GOP congressional allies with Jessica Holzer's July 18 article, "Conservatives break with GOP leaders on tax bill." The lede for the article lends the impression that some conservatives are finding a tax they actually like:
On Monday night, CNN aired a special hour promoting the upcoming "CNN/YouTube" presidential debates. CNN is encouraging viewers to record their questions for the presidential candidates and post them on YouTube.com. In anticipation of this historic event, hosts John Roberts and Kiran Chetry shared just a few of the thousands of video submissions CNN has already received. Of the videos aired on Monday, a disproportionate number were distinctly liberal. Of the 19 individual videos shown (excluding some brief, zany clips), 10 were politically neutral, 8 were liberal or critical of conservative and/or Republican policies, and only 1 was clearly conservative.
When Matt Lauer introduced a segment on the booming stock market by asking "is the rising tide lifting all boats?" I braced myself for another MSM excursion into class warfare. But surprise, surprise . . .
CNBC's Erin Burnett narrated the segment, and her opening also made me figure we were in for more bash-the-rich rhetoric. "Another day, another record on Wall Street . . . As stocks rise, it is time to finally ask, who is really making all the money? Who are the winners of the global economic boom?"
Cut to clips of the Dem presidential contenders, including Hillary offering up this bit of class warfare at its pandering worst: "while productivity and corporate profits are up, the fruits of that success just hasn't [sic] reached many of our families. It's like trickle-down economics but without the trickle."
But then came the surprising shift of gears.
CNBC'S ERIN BURNETT: But while the rich are getting richer, you may be too. Here's why: more than half of Americans are invested in the market, whether through a 401(k) plan or buying stocks or mutual funds, and many of those investments are surging. The Dow Jones Industrial Average is up 12% so far this year, and if your retirement plan invested in oil, that alone is up 21%. It's also worth noting that while politicians talk about "two Americas" [get ready to duck, John Edwards] virtually all Americans are seeing wages rise, and unemployment is at an historic low.
The Washington Post today reported how the White House expects the federal budget deficit to shrink, but placed it in a five-paragraph story below the fold on page A6. Yet a Reuters story on the same development noted something that the Washington Post's Lori Montgomery left out of her story. The new White House figure of $205 billion "is still higher than many private forecasts, which have pegged the deficit at around $150 billion."
What's more, Post reporter Montgomery included a reference to President Bush crediting his tax cuts with the revenue surge, but added "that has been challenged by many economists." Montgomery failed to name any such economist, much less his/her rationale. After all, if tax revenue is growing at unexpected rates following tax cuts, are there many economists who actually expect tax revenues to roll in at a faster pace when levied at their pre-Bush tax cut levels?
It turned out that Robert F. Kennedy Jr., the radical environmentalist, had some strong words for politicians who stand against climate change legislation.
“Get rid of all these rotten politicians that we have in Washington, who are nothing more than corporate toadies … This is treason. And we need to start treating them as traitors,” Kennedy said at the July 7 concert held in New Jersey, according to Newsday.
He shows “compassion” and “generosity,” he’s a great “campaigner” and an “adroit politician,” reporters have declared.
He’s “taking on America’s deeply flawed health care system,” said Terry Moran on ABC’s “Nightline” June 13. And “… the point his movie ultimately makes: fixing health care is a moral, even a religious obligation.”
As the media and their alarmists like soon-to-be-Dr. Al Gore have shamefully convinced enough of the population that man can actually impact the climate, law firms around the nation are gearing up to sue possible offenders.
I kid you not.
As reported in Monday’s Dallas Morning News (h/t NBer alamojb, emphasis added throughout):
Tuesday mornings’s Democratic presidential candidates forum, aired live on MSNBC and moderated by Chris Matthews, had a few, to put it mildly, strange moments. Billed as a forum, the event was little more than a union-sponsored soapbox for the three leading Democratic candidates, Senators Clinton and Obama, and former Senator Edwards.
The left-leaning American Federation of State, County, and Municipal Employees, or AFSCME, which organized the soapbox, was quick to cheer for the most mundane of liberal catch phrases while descending into boos and hisses at the very mention of former New York City mayor Rudy Giuliani.
Last night, ABC “World News” sounded a $50 billion call to expand the State Children’s Health Insurance Program (SCHIP).
The June 17 program gave the common media prescription: more money, more government.
“Child advocate believe this problem [uninsured children] could be fixed is the federal government shells out $50 billion over the next five years. But, that is 10 times what the Bush administration wants to spend,” said ABC’s Dan Harris.
If this isn't junk science, then nothing meets the requirement to be called such! A new, money wasting university "study" was written about by New Scientist Magazine (on their website newscientist.com) this month that was presented as a "surprising discovery" somehow "proving" that people secretly love to pay taxes. And people wonder why "science" can be so easily scoffed at these days... or why it's so hard to believe what you read.
On top of the bad reporting, this story is more proof of the constant waste of money that is perpetrated by our National Universities. Instead of teaching useful information and conducting meaningful studies, this University is trying to "prove" that people really secretly LOVE paying taxes.
Gee, why do they want that little absurd concept floating out there, do you think? And why is this news outlet propagating this foolishness?
Among Tuesday's broadcast evening newscasts, the CBS Evening News uniquely relayed the positive news of a shrinking federal budget deficit, as released by the Treasury Department. As anchor Katie Couric read a brief item on the subject, she described the data as "some good news for a change" as she reported that tax revenues are "way up" and that the budget deficit is almost "35 percent lower than it was last year." Couric: "To the economy now, and some good news for a change about the deficit. It's actually shrinking."
Notably, on the Saturday June 9 edition of CNN's In the Money, during a discussion of the effect of the economy on the presidential race, guest Greg Valliere of Stanford Washington Research Group chided the media for not reporting on good economic news in light of lower budget deficit numbers as he described the overall economy as "okay" and the unemployment rate of 4.5 percent as "a great number." The show's anchor, Christine Romans, defended the media's obsession with the cost of the Iraq war. Romans: "I think one of the reasons why, and I can't speak for the rest of the media, but why there may be the perception, at least, that it's been ignored is there is an incredible amount of spending going on for the war in Iraq, and that is something that, you know, we have to pay for." (Transcripts follow)