Cramer told MSNBC's April 26 "Morning Joe" that Goldman really has no defense if, as the government alleges, Goldman misled investors when it established a mortgage-backed security in 2007 for a hedge fund client looking to bet against the housing market. And that's in addition to facing heat from shareholders for not revealing that it received a Wells Notice from the SEC.
Remember that $787-billion stimulus passed last year, the one that was supposed to keep unemployment from hitting double digits by invigorating a new green economy? Well it hasn't exactly worked.
Conventional wisdom would suggest not trying it again. Based on the nearly 10 percent unemployment, it's obvious Keynesian economic policies, where the government is a major force in an economy, don't work. However, MSNBC's "Morning Joe" host Joe Scarborough made the case for an even bigger trip down that route.
"We talked about Sputnik at the event we did last year," Scarborough said on his April 21 program. "I wrote in my book last year that Sputnik was the moment that Eisenhower, a Republican, leaned forward and created a new generation of engineers, a new generation of scientists. That led to the Mercury program, the Apollo program, a man walking on the moon and the Internet. Can we make that type of, again, long-term investment?"
Liberal talk radio host Ed Schultz on Tuesday went absolutely berserk on a Democrat Tea Party member that didn't approve of how President Obama went back on his campaign promise to make healthcare reform hearings open and transparent.
"My reason for being with the Tea Party is is this whole healthcare stuff," said a caller named Jason who claimed to be a Democrat.
"I remember hearing President Obama talking about how it was going to be open and transparent, it was going to be on C-SPAN, we were going to know what's in the bill, and that's just not the way it worked."
This sent Schultz into a hissy fit of epic proportions concluding with him saying, "God, go pick up your gun and march if it makes you feel better because you're too stupid to read" (YouTube audio follows with partial transcript and commentary, h/t Radio Equalizer):
Hot sparks flew on the set of MSNBC's Morning Joe today igniting a brief but entertaining firestorm. The cause? Joan Walsh somehow being unable to name any leftwing extremists. This set off an angry reaction from co-host Mika Brzezinski which included a funny impersonation of a conveniently clueless Walsh. It was one of those moments that needs to be viewed in order to be fully appreciated but here is a transcript of the heated exchange:
JOE SCARBOROUGH: ...I think it helps us all to say there are extreme voices on the left, there are extreme voices on the right, and it's our responsibility to call out people, I believe, on our side.
JOAN WALSH: Who would you have me call out? I mean who would you say on the left is comparable to Rush and...
SCARBOROUGH: Don't do it.
MIKA BREZEZINSKI: Mmm-mmm! No thanks, Joan. We're good. We're good.
SCARBOROUGH: Can we talk about the Chinese now?
MIKA: I think it's all very obvious.
WALSH: Is it obvious? Who on the left is comparable to Rush and Glenn on the right?
MIKA: Okay, Joan, if it's not obvious to you I'll talk to you off-set. I mean, my God! Alright so let's read from the Washington Post...
During a discussion of John McCain's drift rightward on Wednesday's Morning Joe, MSNBC contributor Mike Barnicle smeared the Arizona Senator as more scared of Republican primary challenger J.D. Hayworth than he was of his Vietnamese torturers. Barnicle mocked, "The ultimate sadness is that, here, in the 21st century, running for re-election, he shows more fear of J.D. Hayworth than he showed toward his captors in North Vietnam." [MP3 audio available here]
"That is really sad," added Barnicle. At this point, the show ground to a complete stop. Seemingly stunned by the journalist's comments, co-host Mika Brzezinski sputtered, "That's- Okay. I'm just going to stay away from that. " The Washington Post's Jonathan Capehart marveled, "Wow."
Joe Scarborough, who is supposed to be the token conservative on the liberal cable network, provided no defense of McCain. He neutrally remarked, "There's a pregnant pause. Some very tough things being said here." Scarborough continued, "And since I'm a diplomat, and I never say such things, I'm just going to go to my good friend Paul Ryan." He then moved on to a different subject and talked to the Republican Congressman.
Mike Barnicle just wrapped up the Obama Parrot of the Week. That's the award I hand out on my local TV show to the MSMer doing his sycophantic best to parrot the Obama party line. Barnicle gave his award-winning performance on today's Morning Joe, in the course of tossing two super-softballs to David Axelrod.
Barnicle's first lob bemoaned the difficulties of governing in this hyper-partisan, cable-TV age. His second softball chastised Republicans for their announced intention to oppose Pres. Obama's Supreme Court nominee. Which raises the question: do the names Robert Bork—or Clarence Thomas—mean anything to Mike Barnicle?
MSNBC’s Norah O’Donnell on Friday went too far for even her colleagues at the liberal cable channel, receiving mockery for her allegation that comments Newt Gingrich made about Barack Obama were racially-charged. At the Southern Republican Leadership Conference, Thursday, the former House Speaker commented that “shooting three-point shots may be clever, but it doesn’t put anybody to work.”
Speaking of the President’s basketball skills, Gingrich continued: "What we need is a President, not an athlete. We need somebody who actually focuses on getting people back to work.” After the clip was played, O'Donnell, the guest host on the April 9 Morning Joe, lobbed her accusation at Gingrich:
But I’m not sure what he means by this particular soundbite and I think it’s open to some criticism because it suggests that the President is an athlete and some people may suggest, you know, because all black people are good athletes. I mean that’s what it sort of sounds like to me.
Everyone is still looking for a scapegoat for the financial crisis that precipitated the current economic malaise. And one of the popular targets has been former Federal Reserve Chairman Alan Greenspan.
Greenspan recently testified on Capitol Hill and was pressed about how he may have contributed to the financial crisis. According to Suze Orman, host of CNBC's "The Suze Orman Show," some of the blame should go to Greenspan for a 2004 speech he made to the Credit Union National Association.
Greenspan had said some might have "saved tens of thousands of dollars had they held adjustable-rate mortgages rather than fixed-rate mortgages during the past decade," but he did preface it by saying that wouldn't have been the case if rates adjusted upwards as they did. But Orman, appearing on MSNBC's April 8 "Morning Joe" contended he shouldn't have commented on those mortgages at all.
One of Barack Obama's biggest media cheerleaders on Tuesday said that Vice President Joe Biden's idea concerning managing the war in Afghanistan was better than the President's.
"I thought that the minimalist strategy that, that Joe Biden was, was apparently propounding, the anti-terror strategy as opposed to what we're effectively doing which is basically nation-building, I thought that Biden had a better idea," Washington Post columnist and former assistant managing editor Eugene Robinson said on yesterday's "Morning Joe."
"The President had different, you know, went a different way, and this is something he's going to have to work through Karzai if it's possible to work this through," he continued.
"I'm not sure this is going to end well" (video follows with transcript and commentary, file photo):
Arianna Huffington stuck her foot in her mouth during Tuesday's "Morning Joe" on MSNBC, and ended up being totally humiliated by host Joe Scarborough and guests Rudy Giuliani and Mort Zuckerman.
As the subject of Florida's Senate race was broached, Huffington decided to attack the former Mayor of New York City rather than address the qualifications of Republican candidates Charlie Crist and Marco Rubio.
"Your judgment in people has not been stellar -- Bernard Kerik, anybody, so the fact that you're supporting Rubio now, I don't know exactly how seriously we should take it," irrelevantly spouted the liberal publisher.
Marvelously, some of the gentlemen on the panel didn't appreciate the cheap shot including Giuliani himself who finally said, "I come on here just to talk about Marco Rubio, you're attacking me on Bernie Kerik, you're attacking me on how I ran my presidential race. I imagine you're going to attack me on what I did in the Little League when I was a child" (video follows with partial transcript, h/t NB reader Pam):
Was Gayle King kvetching about polls when candidate, then President, Obama and the Dems were riding high? Doubt it. But now that tide has turned, King pooh-poohs polls, and even asked Mika Brzezinski not to read one on the air. But never fear, "every time he speaks I get inspired all over again" proclaimed the editor of Oprah Winfrey's O magazine.
King's hear-no-evil moment went down on today's Morning Joe, as Mika was about to read a poll showing a preference for Republicans in the generic congressional ballot.
Mike Barnicle has accused "talk radio" of serving as "allies" and a "megaphone" for the worst fringe elements on the right. That's how the former Boston Globe columnist justified the MSM's focus on the right-wing fringe while downplaying that of the left. [H/t reader Ray R.]
Barnicle floated his defense of the MSM on today's Morning Joe. To their credit, Mika Brzezinski and Andrew Ross Sorkin of the NY Times argued that the fringe left has historically received a pass from the MSM.
How quick is Norah O'Donnell to come to Pres. Obama's defense? When on Morning Joe today fellow O'Donnell Kelly gently ribbed PBO over his wearing of a macho, faux-military leather jacket while addressing US troops in Afghanistan yesterday, Norah immediately piped up to point out that "Sarah Palin wears a leather jacket, too."
Of course, neither O'Donnell described the gaping chasm, discussed here, between PBO's swaggering "America doesn't quit" rhetoric to the troops and his 2007 call for America to immediately quit Iraq, at which time he said "there is no military solution in Iraq and there never was."
"The United States of America does not quit once it starts on something. You don't quit, the American armed services does not quit. We keep at it. We persevere." -- Pres. Obama to US troops in Afghanistan, March 28, 2010
"Democratic presidential candidate Barack Obama is calling for the immediate withdrawal of all U.S. combat brigades from Iraq, with the pullout being completed by the end of next year. 'Let me be clear: There is no military solution in Iraq and there never was,' Obama said." -- Obama calls for immediate withdrawal from Iraq, AP, Sep. 12, 2007 [emphasis added]
There are lies, damned lies, and then the kind of brazen rewriting of what a man stands for that Barack Obama engaged in yesterday.
However, as MSNBC "Morning Joe" co-host Mika Brzezinski suggested, discretion should be exercised with the amount of attention given to these radical components of the opposition to President Barack Obama's health care reform endeavors.
"Yeah, call it out but also I think we have to be careful along the way," Brzezinski said on the March 26 broadcast. "I think this happened during the campaign. I think this happened during the final hours of the health care debate where certain fringe, really minute members of it were highlighted."
Don't blame Mika—she was just obeying White House orders . . .
When Joe Scarborough tried this morning to comment on Pres. Obama's latest ObamaCare oration, Mika Brzezinski unleashed a series of seemingly serious kicks at his ankles. Having successfully silenced her sidekick, Mika proceeded to read off her Blackberry a statement extolling the glories of what PBO has vouchsafed onto a grateful people.
At one point, Mika said "I have some talking points from the White House." Being the naive and trusting person I am, I assumed Mika was kidding. Except that, upon a bit of Googling, it appears that she wasn't . . . [H/t reader Pam M.]
New York Times columnist Charles Blow and MSNBC contributor Mike Barnicle traded liberal talking points like Topps baseball cards on today’s “Morning Joe.” Confident the American people care more about eliminating preexisting conditions and expanding health insurance entitlements than the $569.2 billion tax increase and the $1.2 trillion price tag, the journalists failed to substantiate their claims with anything more than their liberal impulses.
“Most people want what they have in this bill or more,” insisted Blow. “We cannot let Republicans take over that talking point, which is that most people don’t want this bill somehow because it is too liberal. That’s just a lie. That is just a lie.”
Really? The American people don’t think the largest tax increase in American history is too liberal? The American people don’t think an unprecedented expansion of government control in the health insurance industry is too liberal? Blow’s failure to back up his assertion renders it laughable.
Nancy Pelosi: you lie! Chris Hayes didn't take to the floor of the House to call the Speaker out. But the Washington editor of The Nation did "totally agree" when Joe Scarborough described as "a lie" Pelosi's claims that insurance companies hate ObamaCare. Added Hayes: "I think that's a completely disingenuous statement by Nancy Pelosi."
The pair were reacting to a clip of Pelosi's interview yesterday with Diane Sawyer in which the Speaker said of House Minority Leader John Boehner that "some people will do anything for the insurance companies." Pelosi cast the bill as tough regulation of the insurance industry.
Scarborough's point, in which Hayes concurred, was that far from punishing insurance companies, the bill that Pelosi piloted through Congress gave them the biggest prize of all: a law forcing all Americans to buy their product.
Update 9:35 AM: Larry O'Donnell "stunned" Stahl doesn't realize ObamaCare raises taxes. See O'Donnell video after the jump.
What kind of correspondents do they have at 60 Minutes? The kind who can't tell that the biggest tax increase in history is a tax increase at all. The kind who complain that even if it is a tax increase, Americans should be willing to pay it because ObamaCare is "really important."
Exhibit A: Lesley Stahl. On Morning Joe today, Stahl--her 40 years or so as a reporter notwithstanding--said she "can't tell" if ObamaCare raises taxes and that her "head is hurting" from trying to figure it out. But so what if it does? Stahl had a sudden bout of nostalgia for the good old days when people didn't mind paying "a little more" for "something really important in return."
As conservatives rally opposition to ObamaCare in the waning hours of the health care debate, MSNBC "Morning Joe" host Joe Scarborough didn't seem to think the upcoming health care vote is such a big deal. On his show this morning, Scarborough concluded that the outcome of the health care overhaul vote will not have a significant impact on the American health care system.
“People just need to take a deep breath,” insisted Scarborough. “We’re going to be fine. Whichever way it goes, we’re going to be fine.”
Scarborough employed hyperbole to mischaracterize those who argue that ObamaCare is fiscally reckless and a step toward a single-payer health care system.
New conservative spectator sport: watching MSM liberals lock horns over ObamaCare . . .
Today's Morning Joe offered a hugely-entertaining example. Larry O'Donnell, speaking from the Olympian heights of his omniscience of the legislative process, mercilessly condescended to Donny Deutsch. Ad-man Deutsch had earlier twice "guaranteed" that ObamaCare would pass. When O'Donnell appeared, he in so many words said Deutsch was so blissfully ignorant of the process that he didn't understand just what trouble the bill is in.
When O'Donnell later ostensibly "apologized" to Deutsch, he wound up pouring salt in the wound. Larry patronizingly portrayed himself as having "so much information" about the situation that he just doesn't see it "the same way that people with less information" do.
So much for the MSM refrain about Republicans having previously used reconciliation just as Dems are proposing to do now on ObamaCare . . .
Larry O'Donnell has emphatically proclaimed that the way Dems intend to use reconciliation is "unprecedented" and has "never, never, never" been so used before. O'Donnell's many off-his-meds rants notwithstanding [recent example here], he actually does understand the legislative process, having served as Dem Chief of Staff of the Senate Committee on Finance back in the HillaryCare day.
O'Donnell also criticized the MSM "group think" to the effect that Dems were obliged to pass some kind of health care legislation this year. Larry's uncharacteristically lucid observations came during his Morning Joe appearance today. [H/t reader Mike K.]
How much of a pickle is Pelosi potentially in? Enough that Dem loyalist Charles Blow had to resort to some truly twisted reasoning to explain away her delay in responding to allegations against Eric Massa.
Of all things, the New York Times columnist tried to excuse Pelosi's failure to act by blaming . . . "our crazy misogynistic culture." Huh?
Blow offered his odd opinion on today's Morning Joe . . .
"Let me tell you something," "Morning Joe" co-host Joe Scarborough said on his March 11 program. "[Beck] was not on his heels. He just - he played straight-man and Donny Deutsch, he was - he did it very, very well.
Perhaps President Barack Obama might have preferred New York Times columnist Tom Friedman to reserve these comments for their golf outings together, but has Friedman recognized this path toward a larger government is unsustainable?
On MSNBC's March 5 "Morning Joe," host Joe Scarborough recounted his childhood in the early 1970s and the poor economy. He explained there was a different focus - that his family was hoping for the economy to turn around and could have cared less about the other issues of the day - Vietnam, Watergate, etc. It was all about the economy.
"You know Tom Friedman, I remember in the early '70s, my dad worked for Lockheed, got laid off and he was without a job for 18 months," Scarborough said. "This is in the middle of Watergate was blowing up on TV and in the middle of Vietnam, as it was grinding to a very bloody, messy ending. And my family, we just cared about one thing. When we watched Walter Cronkite at night, we wanted to know if the economy was turning around. And we didn't understand what was going on in the college campuses."
On Friday's Fox & Friends, co-host Steve Doocy picked up an item reported on by NewsBusters on Wednesday about MSNBC cropping President George W. Bush's face out of the latest Newsweek cover. As Doocy explained: "...on MSNBC...They have cropped all of President Bush's face out. So why does the mainstream media have so much trouble giving him credit?"
Doocy discussed the issue with a political panel that included Democratic strategist Doug Schoen, who acknowledged: "What MSNBC did makes no sense." He later added: "...that makes no sense at all. Because to do that is just plain mean-spirited and wrong." Another panelist, Pulitzer Prize-winning journalist Karen Hunter, later admitted: "perhaps cropping him out completely may not be too fair."
On Wednesday's Morning Joe program on MSNBC a picture of the Newsweek cover was shown, but with only President Bush's arm visible, his face had been completely cut out of the original image.
Of all the networks Tom Hanks might have mocked during a little stunt on Morning Joe today, he just happened to settle on Fox. For good measure, he worked Tea Partiers and Ann Coulter into his mix. [H/t reader Ray R.]
Morning Joe had just aired a clip of an actual fistfight that broke out live-on-camera between two TV producers at an Italian TV station. Cut to Hanks in the Morning Joe control room, pretending to produce . . .