Now that the Obama administration is attempting to take a victory lap on the U.S. economic recovery, claiming the $787-billion stimulus passed earlier this year was what did the trick, despite a cost of $160,000 per 'stimulus' job, as ABC's Jake Tapper pointed out, it has come at the cost of the U.S. dollar.
Since then, the stock market has rebounded nicely. The Dow Jones Industrial Average (DJIA) is off a March low of 6,547 points, even topping the 10,000-mark recently. But what has caused this nearly 50-percent jump? According to CNBC's Larry Kudlow - loose monetary policy by the Federal Reserve, with low interest rates, has made it possible for the markets to rise, with the 'loose' money going into the market.
"The funny thing is, Steven, it has gone into stocks - I mean the stock market guys ... there's no real multiplier for the economy, right?" Kudlow said on his Oct. 30 CNBC program. "But it has gone into stocks and the stock market crowd wants to see the Fed to keep pouring the money in no matter what happens to the U.S. dollar."
On Friday’s Situation Room, CNN forwarded an idea proposed by The New Republic’s Peter Beinart- that Democratic losses in the gubernatorial races in Virginia and New Jersey this year would result in the reelection of President Obama in 2012. An on-screen graphic during a discussion of Beinart’s hypothesis read, “If The Dems Lose Next Week: How it might help them in the long run.”
Anchor Wolf Blitzer read the New Republic contributor’s idea during a “Strategy Session” panel discussion with Republican Mary Matalin and Democrat Paul Begala 53 minutes into the 4 pm Eastern hour: “Peter Beinart, writing in The Daily Beast, says...it might be good for the Democrats if the Republicans win both Virginia and New Jersey, the governors’ races next Tuesday. ‘Let’s imagine,’ he writes, ‘that Democrats lose next week because the GOP’s conservative base flocks to the polls while liberals stay home. For Obama, that wouldn’t be so terrible. The more confident right-wing Republicans become, the more likely they will nominate a Palin-like zealot in 2012.’”
Comedian Wanda Sykes brushed aside her low blow about Rush Limbaugh’s kidneys failing as no big deal on CNN’s AC360 on Thursday: “Was it...too far for that room? Yes, it was...but, hey, you shouldn’t invite me....I think everybody would have been disappointed if I hadn’t gone too far. Sykes also gushed wildly over President Obama during the interview: “He is like the George Clooney of presidents.”
Anchor John King, filling in for Anderson Cooper, interviewed Sykes 45 minutes into the 10 pm Eastern hour, and brought up the issue of the Limbaugh crack mid-way through the interview: “As you know, there were one or two lines [from Sykes’s appearance at the White House Correspondents’ Dinner] that got a little bit of a gasp and a groan in the room. One of them was when you were making fun and criticizing Rush Limbaugh.” After playing a clip of the line in question, he asked, “Any regrets for that? As you know, there was a big gasp in that room. Washington wasn’t quite ready for that one.”
For the third time in six months, the CBS Early Show provided a soap box for Levi Johnston to continue his vicious personal attacks against Sarah Palin, as co-host Maggie Rodriguez proclaimed: “He is back on the offensive in this he-said-she-said battle that began shortly after the presidential election....he says he’s trying to show the world the real Levi.”
During the first part of the exclusive interview, which aired on Wednesday, Rodriguez sympathetically asked: “Are you hurt by all of this?....you really sound like somebody who’s dead set on hurting these people the way they hurt you.” Johnston replied: “...if she’s going to go out there and say stuff to me – about me, I’m going to leak some things on her. I mean that’s just how it is.”
At the end of the second part of the interview, aired on Thursday, Rodriguez read a statement from Palin reacting to Johnston: “‘we have purposefully ignored the mean spirited, malicious and untrue attacks on our family. We, like many, are appalled at the inflammatory statements being made or implied.’” Palin went on to take the broadcast network to task for even having Johnston on: “CBS should be ashamed for continually providing a forum to propagate lies.” Rodriguez attempted to justify the repetitive interviews: “...we raised all those questions about credibility and his motivation for doing this with Levi...we should say that we’ve also offered more than a dozen times to interview Sarah Palin, but she has declined each of those requests.”
Did Ronald Reagan and George W. Bush "probably" commit "impeachable offenses"? That's what influential New York Times editor Sam Tanenhaus thinks.
On Wednesday night, the influential editor of both the "New York Times Book Review" and the "Weekend Review" sections again appeared on Charlie Rose's late night PBS chat show to discuss his no-longer-new book "The Death of Conservatism."
Times Watch found Tanenhaus's slim essay of a book intellectually dishonest, not so much declaring the movement dead as trying to define it out of existence by blurring the meaning of "conservatism" to mean the preserving of liberal government interventions.
Tanenhaus made his assertion three minutes into the interview while discussing limits on presidential power:
CNN’s Campbell Brown was quick to point out the apparent biases of competitors MSNBC and Fox News during her program on Wednesday, but ignored that of her own network as she tried to portray it as unbiased: “Some of us, like my colleagues here at CNN, are still trying to do journalism....I’m not critical of what my friends at Fox News and MSNBC do, but it is apples and oranges when compared to what we at CNN do.”
Brown concluded the 8 pm Eastern hour with remarks initially directed against the Obama administration for its campaign against Fox News. The CNN anchor thought it was “silly” for the White House to go after the 24-hour news network: “I mean, really, the White House is only just now figuring out Fox in prime-time has a conservative bias? Really? I think our friends at Fox News have been pretty up-front about it, and frankly, pretty unapologetic, for that matter. What confuses me is that if the White House is really so concerned about bias in the media, then why are they only targeting Fox?”
Ever since long-time radio talker Don Imus inked a deal with the Fox Business Network to simulcast his morning radio program, he said he has been getting pushback from several acquaintances.
And as he explained and showed on his Oct. 28 program, he's not particularly pleased with the reaction about his deal with Fox News.
"I get this email and the e-mail says, ‘Sorry to see you've sold out to Fox Business, or whatever. But I am not surprised you sold out to Fox Business, disappointed.' Could you explain to me exactly what does that mean? When you walk in the door here, Roger Ailes or Neil Cavuto or what's the other fat guy's name? Kevin McGee? Not the other fat guy, that was unfortunate."
Brent Bozell was hardly alone yesterday in touting new polls showing a surge for conservatism in reaction to Barack Obama's forever-lengthening statist agenda. Also making the rounds is Nile Gardiner's blog for the Telegraph (of the UK) suggesting President Obama has failed to defeat American conservatism:
This week’s striking Gallup poll on political ideology is further confirmation that the United States is in essence a conservative nation, which has ironically become even more conservative under Barack Obama. According to Gallup, 40 percent of Americans describe their political views as conservative, 36 percent as moderate and 20 percent as liberal. This is the first time conservatives have outnumbered moderates in America since 2004.
Want to be noticed by any one of the hosts that have a primetime show on MSNBC's weeknight lineup? Just figure out a way to make Rep. Michele Bachmann, R-Minn. the subject matter, and there's an excellent chance either Ed Schultz, Chris Matthews, Keith Olbermann or Rachel Maddow will take a shot at it, or her, during their shows.
In the Oct. 25 Washington Post, George Will penned a column about Bachmann, outlining her ascendancy into the national spotlight, which told of her start in politics and how she grew to become reviled by the left. And it was just a matter time before one of the charming personalities on MSNBC made some sort of remarks about the column, albeit two days later. That came on Olbermann's Oct. 27 "Countdown" broadcast.
Recent problems with the financial system could be used as a reason for regulators to have authority policing social networking sites like Facebook and other types of electronic communication like text messaging. If Financial Industry Regulatory Authority (FINRA) CEO Richard Ketchum has his way, that's exactly what will happen.
Ketchum appeared on CNBC's Oct. 27 "Closing Bell" in an interview with the network's NYSE floor reporter Bob Pisani from the Securities Industry and Financial Markets Association (SIFMA) annual meeting in New York City. Ketchum explained how the Internet and text messaging are unconventional means of communication that pose problems for regulators.
"With all of our kids, they don't talk by phones or certainly directly to each other anymore," Ketchum said. "They talk through the Internet and they talk through text messaging and they talk through Facebook."
On Sunday’s CBS Evening News, political analyst John Dickerson brushed aside criticism from former Vice President Dick Cheney that the Obama administration was “dithering” on Afghanistan: “...it puts Cheney out there as a kind of boogie man the administration can point to. He’s not terribly popular outside of conservative circles...in some ways, Dick Cheney is a gift for the White House.”
Dickerson, who is a contributing writer for the left-leaning blog Slate.com, has also filled in for Face the Nation host Bob Schieffer twice in the last six months, on the October 18 and July 5 broadcasts. He was responding to a question from Sunday Evening News anchor Russ Mitchell, who cited Cheney and wondered: “Are you hearing other sentiments out there along those lines?” Dickerson claimed: “Well, there’s been some elite opinion about the pause in the President’s thinking.”
An October 9 CBS News poll showed that there was more than simply “elite opinion” on the subject: “President Obama has a slide in his approval ratings on his handling of the situation in Afghanistan. In April, 58 percent approved of his handling of the conflict; by August, that number had fallen to 48 percent. In the most recent survey it has hit its lowest level yet, 42 percent.” An October 18 ABC News/ Washington Post poll placed public approval of the President’s handling of Afghanistan at 45 percent, with 47 percent disapproving of his handling.
Big shock here - MSNBC's Rachel Maddow agrees with the White House, which is the Fox News Channel is not really a news organization.
Sarcasm aside, on her Oct. 23 MSNBC program, Maddow attempted to justify the Obama administration's tack over recent months with Fox News. She laid out a series of events over the past few days that indicated an escalation of the feud between Fox News and the White House, specifically an effort to exclude Fox News from the White House pool.
"Well yesterday the White House said that Fox would not be among the networks invited to interview Ken Feinberg in one of these round-robin pool interviews and the other networks came to Fox's defense," Maddow reported. "They said they would bow out of interviewing Mr. Feinberg's themselves unless Fox was included, so Fox was included."
John Avlon of the Daily Beast gave his “Wingnuts of the Week” on Friday’s American Morning on CNN, and omitted the Democratic past of his “wingnut” on the right- Lousiana justice of the peace Keith Bardwell, who recently denied a marriage license to an interracial couple. Avlon didn’t give judge’s party ID at all, and gave the impression that he was on the “right” merely because of his racist conduct.
The Daily Beast writer appeared just after the bottom of the 6 am Eastern hour with anchor Kiran Chetry, who asked the “independent analyst,” as she labeled him, to begin with his choice for “wingnut” on the right: “Wingnut on the right, as you said, Louisiana Justice of the Peace Keith Bardwell, who denied a marriage certificate to an interracial couple, saying he was doing it for the kids. Maybe he was concerned they’d grow up to be president.” Avlon never gave Bardwell’s party ID during the segment. Perhaps its because he was a Democrat during most of his career. He only became a Republican last year, according to a Louisiana state government website.
Throughout the previous administration, MSNBC host Keith Olbermann would nightly attack President George W. Bush and members of his administration and regularly bash some conservative personalities for being too cozy with Bush.
However, when he and his MSNBC colleague Rachel Maddow engage in the same brand of coziness, meeting with President Barack Obama earlier this week, it's no longer an indiscretion. Instead, it becomes justified - since Bush did it. Olbermann appeared on the Oct. 23 "The Rachel Maddow Show" and he and Maddow responded to critics. Maddow asked him to respond to particular comments from former White House Deputy Chief of Staff Karl Rove, now a Fox News contributor, that there would be an outcry had the Bush administration committed something similar.
The tactic of bashing Rush Limbaugh and conservative talk show hosts to score political points is apparently no longer the exclusive realm of national-level Democrats and moderate Republicans. Now, even local politicians are adopting this political maneuver in their local campaigns.
Democrat David Englin, member of the Virginia House of Delegates for the 45th District (and currently my own delegate), sent out a direct mail piece which I received on Thursday where Englin boldly proclaimed his opposition to the top conservative talk show host: “If Rush Limbaugh is for it, I’m probably against it.” (image at right).
Englin’s mail piece, paid for by the Democratic Party of Virginia, not only targeted Limbaugh, but on the reverse side, ripped Glenn Beck and all conservatives: “You and I know that our community’s progressive values are once again under attack. Rush Limbaugh, Glenn Beck and their right-wing allies want to block progress on issues that matter. But we can’t let them. We have come too far and there is too much at stake to let the rhetoric of hate stop what we know is right.”
CNN featured pro-illegal immigration activist Isabel Garcia of Tucson, Arizona on two programs on Wednesday night, and inadvertently caught her giving inconsistent answers regarding a 2008 protest where she participated in the beating and decapitation of a pinata effigy of Sheriff Joe Arpaio of Maricopa County, Arizona [audio clips from programs available here].
Correspondent Soledad O’Brien featured Garcia in the first segment of her ‘Latino in America’ miniseries at 9 pm Eastern, where she was labeled as an “unapologetic champion of people many Americans love to hate- illegal immigrants.” After detailing her involvement with a high-profile deportation case, O’Brien stated that Garcia had “nothing to do with creating the pinata and only picked it up to defuse” the anti-Arpaio protest. The CNN correspondent cast a sympathetic light on the activist by noting how she has apparently received death threats for her work.
Want to make a big splash to bolster your chances in a political campaign? A tried and true strategy for some attorneys general has been to champion a populist position by exploiting the legal system for publicity. Just look at the lead up to the launch of former New York AG Eliot Spitzer gubernatorial campaign with his attacks on Wall Street.
And that appears to be the playbook California Attorney General Jerry Brown is using in a lawsuit accusing State Street (NYSE:STT) of cheating the state's two largest pension funds, the California Public Employees' Retirement System and the California State Teachers' Retirement System, of at least $56.6 million.
However, CNBC's Michele Caruso-Cabrera wasn't afraid to ask Brown if that was indeed the case in an Oct. 20 interview on CNBC's "Power Lunch."
And you thought President Obama just didn’t like Glenn Beck. According to MSNBC’s Joe Scarborough, the administration’s repeated attacks on Fox News are an attempt to send a message to the rest of the news media: “Fox isn’t a real news organization, so the stories it generates aren’t real news.”
The Oct. 21 “Morning Joe” reported on an exchange yesterday (noted on Newsbusters by Noel Sheppard) between ABC Chief White House Correspondent Jake Tapper and White House Spokesman Robert Gibbs, in which Tapper asked whether it was “appropriate” for the administration to be deciding what news organizations are legitimate.
“I think Jake Tapper was onto what we got onto yesterday morning, because we’ve been having this debate: ‘Does this make sense for them to shoot down at Fox News?’” said host Joe Scarborough. “No it doesn’t if your target’s Fox News.”
CNN’s Carol Costello again omitted the liberal source of a statistic she touted during a report on Wednesday’s American Morning, that 91% of talk radio is apparently conservative. Costello also pushed the left-wing aim of localism in radio programming, playing three soundbites in favor of the proposal, versus two against it.
Near the end of her report, which aired at the bottom of the 7 am Eastern hour, the CNN correspondent cited ultra-left talker Randi Rhodes (all three clip in favor of localism came from Rhodes), who “says millions of Americans get their political talk from AM radio -- 91 percent of which is conservative.” Costello didn’t cite the source of the figure, which comes from a 2007 report by two liberal organizations -- the Center for American Progress and Free Press -- and co-authored by Mark Lloyd, who is now the FCC’s “chief diversity officer.” The correspondent touted the figure as well during a report on Monday’s American Morning, where she claimed that it came from “Talkers” magazine. The figure itself is misleading because, as MRC’s Culture and Media Institute pointed out, the CAP report ignored “non-commercial radio,” such as NPR and other public radio networks.
On Tuesday’s Situation Room, CNN’s Jack Cafferty highlighted a recent ABC News/Washington Post poll which found that Americans apparently support the public option and mandatory insurance, and most of the viewer responses that he read supported these left-wing positions. Cafferty didn’t explicitly voice his agreement with the poll results, but presented his own liberal proposal for health care.
Cafferty touted how “a majority of Americans supports two of the more controversial parts of health care reform: the public option and requiring everyone to buy insurance” during his 4 pm “Question of the Hour” segment: “A new Washington Post/ABC News Poll shows independents and seniors, both critical voting blocs, have warmed up to the idea of a public insurance option. Fifty-seven percent favor the public option. Fifty-six percent support making it mandatory for all Americans to buy health insurance, either through their employers, on their own, or through Medicare or Medicaid.”
Ed Morrisey of HotAir.com pointed out on Tuesday morning that this poll has a skewed sample. On the other hand, the CNN commentator did however subsequently note that “there’s even broader opposition to how to pay for all of this. Sixty-one percent are opposed to the proposed tax on so-called Cadillac insurance plans, and nearly 70 percent say they think any health care bill will increase the federal deficit, although almost half of those people say it would be worth it to grow the deficit in order to achieve true health care reform.”
At the top of the 4:00PM ET hour of MSNBC Live, co-anchor David Shuster claimed the latest ABC News/Washington Post poll “numbers appear to back up the concerns of mainstream Republicans worried about the impact of birthers, tenthers, and town hall screamers....moderates have been frightened away and party identification has dropped to the lowest level in nearly three decades, since Nixon and Watergate.”
Shuster later introduced a debate segment on the issue, declaring: “if a new poll from the Washington Post and ABC News is any indication, the GOP is in the worst shape it’s been in nearly three decades. Asked which party they identified themselves with, 33% said Democratic while just 20% said Republican.” What he failed to mention was that the poll also showed that those who identified themselves as conservative stood at 38%, a two-point increase from the last poll conducted on September 12. However, liberal identification stood at just 23%, a one-point decrease from the September poll.
After another round of attacks from the White House, this time from higher levels of the Obama administration, Brit Hume, a senior political analyst for Fox News, went to bat for his network.
On the Oct. 19 broadcast of Fox News Channel's "Special Report with Bret Baier," Hume gave his best effort to rationalize why White House Chief of Staff Rahm Emanuel and Obama Senior Advisor David Axelrod used two Sunday morning news show appearances to beat up on the highly rated news channel. According to Hume, it was because they disapproved of the stories his channel broke over the last few months.
"It is a little hard to discern a strategy behind the White House campaign of criticism of Fox News unless it's simply this - an attempt to quarantine Fox and thereby discourage other media outlets from following up stories did originate here," Hume said. "The White House is clearly stung by the revelations about former aid Van Jones. He turned out to have harbored views that were out there where the buses don't run and he was forced to resign. And the White House could not much have cared for the hidden camera expose of ACORN - an organization with which the president had a past association and one whose voter registration drives have benefited the Democratic Party."
CNN’s Carol Costello began a new series on political talk radio on Monday’s American Morning, suggesting it was unfairly dominated by conservatives, and brought on a liberal psychiatrist who theorized that Rush Limbaugh has an audience because he’s “operating like the bully, and if you’re on the playground...you want to be...under the bully’s wing and go along with him and get...some power by proxy.”
The correspondent’s report, which aired just before the bottom of the 7 am Eastern hour, was the first installment in a “special series on talk radio,” according to anchor John Roberts. Costello zeroed in on the listeners and why the format “can capture people for such long periods of time.” A graphic on the screen during her report heralded “anger on the air: what listeners don’t know about talk radio.” [MP3 audio available here]
Towards the end of her report, the CNN correspondent played a sound bite from radical left-wing host Randi Rhodes, who speculated that “the reason they don’t passionately listen to liberal talk radio is access” (Costello outrageously downplayed Rhodes’s political leanings by describing her as someone whom “many consider a liberal talker”). The “liberal talker” noted that apparently, “ninety-one percent of talk radio is conservative.” Costello continued that “according to Talkers magazine, liberal talkers fill just nine percent of the nation’s news talk radio on the commercial dial. Change that, Rhodes says, and liberal listeners would listen just as much.”
Can you say "bitter"? That's the vibe Slate.com Editor-in-Chief Jacob Weisberg gave off in an Oct. 17 column, which will appear in the Oct. 26 issue of Newsweek, about Fox News headlined "The O'Garbage Factor."
Weisberg, who once diagnosed former President George W. Bush with a learning disability, contends the Fox News Channel goes beyond just making liberal media elitist like himself cringe - it's actually un-American. Weisberg alluded to the recent rift between the White House and the Fox News Channel.
He contended, with an almost-overdone effort to be self-righteous and snarky, that the analysis of the feud, done on a recent broadcast of "The O'Reilly Factor," was all just too slanted for his tastes. He went along with the left-wing noise machine's notion that Bill O'Reilly, who isn't exactly a Reagan Republican, is some sort of tool of the right-wing.
Once again, the nightly train wreck known as CNN Headline News "The Joy Behar Show" took another jab at conservatism, particularly Glenn Beck and Rush Limbaugh. Only this time, Behar threw in a couple of old standbys for whom lefties are fixated upon assaulting - former President George W. Bush and former Alaska Gov. Sarah Palin.
Behar, on her Oct. 17 CNN HLN program, suggested to radio show talk host and former child-star actor Danny Bonaduce there was a trend - that people who have had struggles with chemical addictions are now outspoken, particularly those on the right that Behar disagrees with.
"Do you see a trend? Rush Limbaugh, Oxycontin. Glenn Beck, alcoholic, Danny Bonaduce, alcoholic ... and George Bush, ex-alcoholic," Behar said.
Perhaps the 41st president still has it in him - at least when it comes to the left crying foul about the so-called uncivil political discourse on right, but being equally if not worse on the left - particularly on MSNBC, the "Place for Politics."
In an interview on Oct. 16 with CBS Radio, former President George H.W. Bush took a very critical tact with MSNBC hosts Keith Olbermann and Rachel Maddow, deeming them "a couple of sick puppies." (via MSNBC's Oct. 16 "The Rachel Maddow Show")
"I don't like it," Bush said. "I think the cables have a lot to do with it. I'll take you back to when I was president - we got tons of criticism, but didn't seem day in and day out quite as personal as some of these talk show people."
As reported on NewsBusters on Friday morning, CNN anchor Rick Sanchez read his apology on Friday’s Newsroom for running a unconfirmed quote attributed to Rush Limbaugh earlier in the week on October 12 [audio available here].
Sanchez hinted to his error in a promo for the apology 37 minutes into the 3 pm Eastern hour: “Rush Limbaugh gets denied [his NFL bid], but when it comes to one specific point, I will tell you this: he was right and I was wrong. Sometimes you got to say you’re wrong when you’re wrong, right? I'll tell you exactly what I’m talking about when we come back.”
After going to a commercial break, the CNN anchor came back, and after giving a summary of the controversy, read the apology, which was released earlier, almost verbatim:
During the 3:00PM ET hour of live coverage on MSNBC Friday, co-host David Shuster admitted that racially charged quotes he and other hosts attributed to Rush Limbaugh had not been verified: “MSNBC attributed that quote to a football player who was opposed to Limbaugh’s NFL bid. However, we have been unable to verify that quote independently. So, just to clarify.” Shuster did not formally retract the quote or apologize.
On Monday, Shuster revealed the supposed source of the false quote: “Pittsburgh Steelers linebacker James Farrior says Limbaugh should be denied the privilege of owning an NFL franchise for comments like ‘slavery had its merits.’” Speaking with columnist Stephen A. Smith later that afternoon, Shuster’s co-host Tamron Hall wondered: “Should a person who says there are merits with slavery be able to have this privilege of owning a team?”
As result of the ensuing controversy raised by the false quotes reported by MSNBC, CNN, and other media outlets, Limbaugh was removed from an investment group that was considering purchasing the St. Louis Rams football team.