Drinking the Kool-Aid on MSNBC wasn't enough, even for CNBC's Jim Cramer, to escape the reality that Obamanomics isn't working.

Back on October 12, Cramer, to his credit, knew there were some problems with the $787-billion stimulus passed earlier this year. However, he felt it was necessary to pledge his admiration for President Barack Obama, Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke. But, Matthews asked Cramer if there would be something tangible to back up that praise.

"OK - let me ask you the question," Matthews said on MSNBC's Oct. 12 "Hardball." "Let's talk about how we keep score in electoral politics, that's how we keep score. Between now and next summer, when people begin to decide how they're going to vote in next year's election, will the employment rate be coming down by then?"

A rising Dow Jones Industrial Average (DJIA) means better times are on the way, right? Not necessarily, according to CNBC CME floor reporter and tea party movement inspiration Rick Santelli.

Santelli made an appearance on CNBC's Nov. 6 "Fast Money," a show which the host, Melissa Lee, is skittish about a discussion that politics interferes with the market is a reality. Nonetheless, Santelli explained there so happens to be correlation between a rise in unemployment rates and the rise in the Dow Jones Industrial Average.

"[I] think we're building a stairway to heaven in Dow prices on the back of paper and I think that, you know it seems kind of dire to me that 8 percent - 8,000, 9 percent - 9,000, 10.2 - 10,000," Santelli said. "I shudder to think where the unemployment rate is going to be at 11 and 12,000 in the Dow."

Want more evidence print media is giving way to digital formats? According to CNBC "Squawk on the Street" Nov. 3, Internet behemoth Google (NASDAQ:GOOG) could have its sights set on The New York Times (NYSE:NYT).

Brian Shactman, a general assignment reporter for CNBC noted an article in the Nov. 2 Wall Street Journal that indicated a lot of big companies are hoarding cash and short term investments and it pointed out the information technology sector had nearly $280 billion to invest.

"There's so much talk today about M and A," Shactman said of mergers and acquisitions. "Well let's look it forward - some names out there that could be in the offing, some things to think about. Remember The Wall Street Journal said yesterday tech has about $280 billion to work with. Remember Google said they wanted to make about one acquisition a month. They have the cash - they got to speed up."

There's a lot of uncertainty with the U.S. economy and a lot of its recovery hinges on some key policy decisions due from the federal government. 

On CNBC's Nov. 2 "The Kudlow Report," CNBC host Maria Bartiromo discussed her interview with former Chairman of the Federal Reserve and Obama adviser Paul Volcker from the Global Financial Leadership Conference in Naples, Fla. One of the topics Bartiromo reported on from the conference was the possibility the Bush tax cuts would be allowed to expire, which she insisted is unlikely.

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."

It is bad when an anchor from a sister network feels compelled to call out a colleague about the lack of ideological balance, but that's just what CNBC's Larry Kudlow did on his Oct. 27 program. 

In a time when some of CNBC's critics demand the network be held to a high standard when it comes to balance, a different standard is applied to MSNBC. And a lack of balance is something Kudlow pointed out.

Kudlow, referring to the Oct. 26 broadcast of MSNBC's "The Ed Show," which featured Rep. Barney Frank, perennial presidential candidate Ralph Nader and the host Ed Schultz, noted all the participants were left-of-center.  And in the appearance, Frank made a pitch for the expanded role of government and argued the only reason people opposed it was because they were disillusioned by the government for its failures during the Bush administration, specifically dealing with Hurricane Katrina.

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."

Worried about a potential slippery slope with the Obama administration dictating what people are paid in the private sector - TARP bailout or no TARP bailout? Message from CNBC's Jim Cramer: Get over it.

On CNBC's Oct. 21 "Street Signs," the "Mad Money" host ripped into Wall Street executives that objected to the government dictating the rules of compensation. Opponents argue these pay restrictions inhibit Wall Street firms ability to retain the best employees possible - an argument Cramer says doesn't matter.

"Hey, there's no God-given right to work at those companies," Cramer said. "These people can go off if they want to. I know that [Citigroup Inc. Chief Executive] Vikram Pandit has kept 23 of the top 25 people with very severe pay restrictions. If you believe in your institution, you stay. See, a lot of Americans are looking at those pay cuts and thinking, ‘How do I get in on the action?' So I don't really care."

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."

Lately there's has been an anti-Wall Street sentiment, propagated by the media that has become exacerbated as the Dow Jones Industrial Average (DJIA) hit 10,000 Oct. 14.

On CNBC's Oct. 15 "Street Signs," Jim Cramer, host of "Mad Money," was asked by fill-in host Melissa Francis what he thought about the outrage over Wall Street hitting its stride, while unemployment continues to rise.

"What did you think about [Morgan Stanley CEO] John Mack's answer to the big question of the day, which is the divergence between Main Street and Wall Street?" Francis asked. "We see Dow 10,000 - bonuses are back at the same time Main Street is in a shambles."

Cramer took a different and unexpected tact by explaining he was a Spartacist, one who believed in a Communism in his youth. But during that time in his life, he said he became very familiar with the teachings of Vladimir Lenin.

One of the most damaging accusations you can level at opponent is call that individual a racist in one form or another. And that's the tactic MSNBC and others left-wing opponents of Rush Limbaugh are taking to thwart his bid to purchase the St. Louis Rams.

During a segment on MSNBC on Oct. 13, former Pulitzer Prize winner Karen Hunter appeared to voice her opposition to the Limbaugh's NFL bid. She made one of the most outrageous - likening Limbaugh's ownership of an NFL team to being a plantation owner, a metaphor that invokes the image of antebellum South during the 19th Century, when slavery was rampant.

"I can just see the visions of plantation grandeur dancing in his head as we speak," Hunter said. "Yeah, it doesn't make you a racist to want to own a team. But, it does kind of with all his history question his power position over these players who make millions of dollars and his ability to be able to move them around, deny them contracts and do whatever he wants willy-nilly. It's the ultimate power position to be an owner of an NFL team."

Is Fox News Channel president Roger Ailes about to score another big name personality for his fledgling off-spin business channel? According to The New York Times television and digital media reporter Brian Stelter, News Corp's (NASDAQ:NWS) Fox Business Network is considering adding CNN "Lou Dobbs Tonight" host Lou Dobbs to its lineup.

"The business channel is also keen on another administration critic, Lou Dobbs, who met for dinner with Mr. Ailes last month, according to two people with direct knowledge of the meeting," Stelter wrote in a piece for the Oct. 12 Times about the growing divide between Fox News and the Obama administration. "The shift for Fox News - the favorite network of the Bush administration, now the least favored one of the Obama administration - has financial implications for the News Corporation, especially given the network's status as a growth engine in a perilous time for media companies."

We've already seen CNN's Paul Begala, affectionately referred to as "The Forehead" by Rush Limbaugh, and one ESPN personality, Fred Roggin, taking shots at Limbaugh on the heels of news of his interest in the National Football League's St. Louis Rams.

But it was just a matter of time before the usual culprits on the left would attempt to make an issue of it, in what seems to be an effort to gin up some reason for the talk show host not to have an ownership stake in an NFL team. And, MSNBC's Ed Schultz isn't waiting for pointers from the left-wing blogosphere to set the "Stop Rush's Bid for the Rams" agenda. He took it to Limbaugh on his Oct. 6 program immediately.

"There's also some comical football news out there," Schultz said. "The drugster's talking about buying the St. Louis Rams. That's right, the leader of the Republican Party is bidding for ownership of a team that's been giving more money to Democrats than any other team has over the last 10 years, at least that's what the survey says. He'll have to do something about that I'm sure."

Fans of Douglas Adams’ “Hitchiker’s Guide to the Galaxy” books will remember that the answer to “life, the universe, and everything” was “42.” For American liberals, the answer to “health, insurance, and everything” appears to be 47. Liberal pundits and politicians, right up to President Obama, have famously – and wrongly – claimed that there are 47 million uninsured Americans.

Now, an ObamaCare partisan has claimed that 47,000 Americans die annually because they lack health insurance. On Oct. 5, former Clinton White House staffer David Goodfriend appeared on CNBC’s “Power Lunch” to argue for taxing healthcare businesses to pay for health care reform. Goodfriend stated that, even though medical device manufacturers and others would pay up front, they’d see returns in the form of more customers when those now uninsured enter the system.

“Just think; ask yourself this question,” Goodfriend said. “Why would 47,000 people a year be dying from lack of health insurance? How many more procedures would they get – how many more devices would they buy, if they had the insurance?”

Goodfriend didn’t cite the source of that figure, but The American Spectator shed some light on the possible source. In the Sept. 2008 American Spectator, David Hogberg explained the origin of claims that 18,000 people die each year because they are uninsured and why some could improperly extrapolate even larger figures (up to 47,000 people).

CNBC's Joe Kernen on Friday took New York Times columnist David Brooks to task for statements made in his recent column.

As my colleague P.J. Gladnick previously reported, Brooks accused conservative talk radio hosts Rush Limbaugh, Glenn Beck, and Sean Hannity of hurting the Republican Party:

The Republican Party is unpopular because it’s more interested in pleasing Rush’s ghosts than actual people. The party is leaderless right now because nobody has the guts to step outside the rigid parameters enforced by the radio jocks and create a new party identity. The party is losing because it has adopted a radio entertainer’s niche-building strategy, while abandoning the politician’s coalition-building strategy.

Hours after Brooks's piece was published, Kernen went off on the Times columnist (video embedded below the fold, h/t TVNewser):

Former Clinton Labor Secretary and current Obama economic advisor Robert Reich was laughed at Friday for claiming "the stimulus package is the thing that is actually keeping the economy up, keeping people employed."

In a discussion on CNBC about the larger than expected September job losses reported Friday by the Labor Department, Reich was explaining to hosts Melissa Francis and Lawrence Kudlow how things would be much worse if not for the stimulus package.

He also implied that things won't get better until healthcare is reformed.

In the middle of this absolutely absurd statement, Francis and Kudlow appeared to look at each other with the former breaking out into laughter and the latter doing his best to hold it back (video embedded below the fold):

Karl Rove, David Axelrod - look out. CNBC "Mad Money" host Jim Cramer has the political climate figured out.

Since inauguration, President Barack Obama has seen his approval ratings fall by almost every poll and that's historically a normal reaction as the newness wears off a new president.

During his Sept. 30 "Stop Trading" segment on CNBC's "Street Signs," Cramer pointed out that although the prospects of Obama's ideal health care reform package passing are doubtful, health insurance providers are facing fallout from a publicity campaign meant by the administration to push through health insurance reform. That gives the administration a new villain.

Video below fold

The perils of punditry: On Monday, CNBC chief Washington correspondent and New York Times political writer John Harwood predicted that the Massachusetts legislature would not pass a law enabling Democratic Governor Deval Patrick to pick a temporary successor to the late Senator Ted Kennedy. “I don’t think so. Doesn’t look like it,” Harwood announced on CNBC’s Squawk Box.

The very next day, the Massachusetts Senate passed the bill that would partially reverse the law Democrats passed in 2004 to prevent a Republican governor from naming a Senate replacement if Senator John Kerry had been elected president. The bill reached Governor Patrick yesterday, and today, Patrick announced the selection of former Democratic National Chairman Paul Kirk to become Senator until the state’s voters pick a permanent replacement in January.

Back during 2008, Congressional leaders were eager to call oil executives to testify before them because of the high price of gasoline, which was tied to the higher prices of oil.

On Sept. 17, President Barack Obama surprised a lot of people and announced he was pulling the mat out from under two Eastern European allies - Poland and the Czech Republic - when he decided not to go forward with a missile defense shield proposed during the previous Bush administration.

"President Obama reeling back the Bush administration's plans for a missile defense shield in Eastern Europe, instead opting for a new system he says is better equipped to fend off an Iranian threat," "Fast Money" host Melissa Lee said on her Sept. 17 show.

By now, most NewsBusters readers have seen the Drudge Report item alleging that President Obama called rapper Kanye West (he of the "George Bush doesn't care about black people" fame) a "jackass."  This report originated with Terry Moran's rogue tweet to that effect, which later caused ABC to apologize to the White House for relaying off-the-record information to the public at large.

Gossip Web site TMZ.com, however, has no such qualms about relaying off-the-record statements made by celebrities -- even, or especially, when the celebrity in question is the President of the United States.