CNBC's Maria Bartiromo made a statement Sunday about all of the fearmongering concerning the looming budget sequester that people on both sides of the aisle should pay attention to.
Appearing on NBC's Meet the Press, Bartiromo said, "I think Wall Street is seeing this as scare tactics because if the market really believed that the economy was going to be paralyzed on March 1 we would not be trading near record highs" (video follows with transcript and commentary):
While they told their readers of the number of jobs supposedly added in total (157,000) and in other sectors, the fact remains that in the real world, before seasonal adjustment, the government told us, as is the case every January, that employment declined steeply. In January 2013, the government estimates that 2.84 million jobs were lost.
The Bureau of Labor Statistics on Friday reported upside revisions to the number of jobs that were created in last year's fourth quarter.
Appearing on CNBC's Squawk Box, Austan Goolsbee, the former Chairman of the Council of Economic Advisers under Barack Obama, joked, "It’s an elaborate left-wing plot to make the numbers much better several months after the election so that nobody thinks that there was a conspiracy just before the election."
That was not the cry of a dyed-in-the-wool conservative politician. Rather it was Jim Cramer, CNBC’s own host of “Mad Money,” speaking to the upcoming fight in Washington over the debt ceiling. [See video after the jump]
CNBC host Maria Bartiromo went after Maryland Senator Ben Cardin on the air on Thursday (HT PJ Tatler; original here) after it became clear that Cardin and his fellow Democrats won't support any measure to prevent the fiscal cliff from arriving as currently scheduled on Janaury 1 which does not include increases in the highest marginal income-tax rates. At the end of her tirade, she got applause and cheers from those around her.
I'll give her one cheer for clearly exposing Democrats' "my way of the highway" approach. She missed the opportunity to get to three cheers because it seems that she's just now recognizing after all these months that Democrats, including President Obama, won't accept any kind of a solution that doesn't involve raising the top rates -- even though they've been saying that very thing all along. Far more important: Even if you believe that the tax hikes discussed will actually increase government collections by $1.2 trillion over ten years, that amount is a tiny percentage of the trillion-dollar deficits the government will continue to run as long as the economy putters along at its current mediocre to poor pace.
Right-to-work legislation has passed in Michigan, despite the vociferous protests of bused-in union protesters in Lansing and sympathetic coverage from the liberal media, who have portrayed right-to-work as a blow to "union rights" as well as a "politically unnecessary" and "divisive" move by Republicans who control the state legislature and governor's mansion in a state that went strongly for Obama last month.
But there is another side of the story, which the liberal media outlets are seemingly ignoring. The Michigan-based conservative think tank called the Mackinac Center for Public Policy has not only published persuasive and thoroughly-researched reports advocating for the right-to-work policy, they are doing their best to inform the public with the facts and figures that the majority of the media refuses to acknowledge, much less verify.
During the panel discussion on Sunday's NBC Meet the Press, CNBC Mad Money host Jim Cramer launched an assault against Americans for Tax Reform president Grover Norquist for holding Republicans to a pledge not to raise taxes: "What this is about is avoiding a recession which is going to happen....You're going to sacrifice that on the cross of two percent. Is that what you want?" [Listen to the audio or watch the video after the jump]
Norquist, a fellow panelist, shot back: "I'm supportive of the Republican position, which is we need to have economic growth, not higher taxes. If we grew at four percent a year instead of two percent a year, Reagan levels instead of Obama levels, for one decade we'd net five trillion in additional revenue. That would pay down the debt that Obama has run up with the Solyndra stimulus stuff."
NewsBusters publisher Brent Bozell appeared on the November 28 edition of CNBC's Kudlow Report, in his capacity as chairman of For America.
Kudlow brought the Media Research Center founder on to discuss the fiscal cliff and the need for Republicans to stand firm on opposing tax hikes, especially in light of the liberal media's tag-teaming with Democrats. "I can't hardly pick up a newspaper or website and not see anybody blaming [anti-tax-hike activist] Grover [Norquist]," Kudlow observed. You can watch that full segment below the page break. You can also find a transcript courtesy of Media Research Center intern Ryan Robertson below ( MP3 audio here):
On the Nov. 5 edition of CNBCs “Squawk Box,” former CEO of GE Jack Welch guest hosted and did not shy away from his opinions of the current administration. Welch emphasized the great opportunity America has with natural gas and how some of Obama’s proposed green energy bills pose a great threat to the economy.
One of those big threats, according to Welch, is the Ozone regulations bill, which was pushed back to be enacted in early 2013. “Ozone is a trillion dollar bill to the U.S. economy,” Welch stated. “If they put the ozone restrictions in that they want and take them down to sixty parts per billion, take them down there, it’s a trillion dollar bill.”
On the Nov. 2 edition of CNBCs “Squawk on the Street,” former chief economic advisor to George W. Bush and Hoover Fellow Ed Lazear commented that today’s jobs report may not be as good as the Obama administration and media make it out to be. “You have to think about how much do you need to keep employment constant as a proportion of the population,” he stated.
The auto bailout was a gift from the heavens … or so the media would have us think. They reported Obama’s foray into car manufacturing as having virtually no downside. And for the UAW, perhaps it didn’t. But for the hundreds of local car dealerships arbitrarily closed in the deal, the story was far different.
Someone has told the dealerships’ side of the story and, all too predictably, been met with media silence. Tamara Darvish, vice president of family-owned Maryland dealerships DARCARS, and automotive journalist Lillie Guyer, published “Outraged,” in 2011 to document how hundreds of small businesses lost everything in the bailout.
On October 3, as Kyle Brennan's at NewsBusters noted the next day, NBC News political director Chuck Tood, appearing on CNBC, characterized presidential polls generated by Scott Rasmussen's polling group as "slop."
The specific quote: "We spend a lot more money polling than Scott Rasmussen does. We spend a lot more money on quality control....I hate the idea that [NBC] polling, which is rigorously done, has to get compared to what is, in some cases, you know, slop." At the time, while many polls, including NBC's (done in conjunction with the Wall Street Journal), were showing Barack Obama with leads of four points or more nationally, Rasmussen was virtually alone Obama barely ahead and occasionally tied with Mitt RomneyChuck was clearly not pleased with that. Someone ought to ask Todd if his evaluation holds based on the results following the jump which were posted at Real Clear Politics early Friday morning.
As far as Joe Kernen of CNBC's Squawk Box is concerned, the word 'virgin' and Tim Tebow are synonomous. Apparently, there can be no conversation about Tebow without bringing it up in a mocking manner for what is essentially a deliberate and faith-based decision.
In an interview with New York Jets owner Woody Johnson on Wednesday morning, the conversation transitioned from politics to football. Co-host Becky Quick asked about the backup quarterback, wondering what the future may hold for him. As complimentary as he could be, Johnson was adamant that Tebow will be on the team for at least three seasons.
That's when Kernen perked up, posing an innappropriate question for the team's boss without a second thought. [ video below the page break, MP3 audio available here ]
In a Friday interview where the primary purpose was to give her an opportunity to defend her Bureau of Labor Statistics, Obama administration Department of Labor head Hilda Solis gave CNBC viewers the false impression that prior-month upward revisions to reported job additions were in the private sector (they were all government jobs), and falsely claimed, despite her boss's refusal to do anything until after Election Day, that "Congress needs to work with us."
The video can be found at CNBC, where Solis tells the network's reporter that "I am insulted" that people would believe that BLS's books are cooked. Here is her specific quote on job growth (Solis's comments below are not in the text of the post; HT Breitbart's Big Government; bolds are mine):
Appearing on CNBC's Squawk Box on Wednesday, NBC News political director Chuck Todd launched into a rant attacking Rasmussen Reports polling: "We spend a lot more money polling than Scott Rasmussen does. We spend a lot more money on quality control....I hate the idea that [NBC] polling, which is rigorously done, has to get compared to what is, in some cases, you know, slop." [Listen to the audio or watch the video after the jump]
Co-host Joe Kernen challenged Todd: "[Rasmussen] was right, though, the last couple of elections." Todd shot back: "He got right at the end. It's what happens in the middle sometimes that seems a little bit – a little bit haywire."
After reading Ben White's "Morning Money" report at the Politico this morning, I went back to Real Clear Politics to make sure that I was up to date on the current polling. Currently, RCP has Barack Obama up by 3.2 points over Mitt Romney in an average of the five most recent polls -- and at least two of those polls are cooked.
But if we're to believe White, "bankers and their lobbyists" are already talking "about what went wrong with the Romney campaign, as if there is no chance the GOP nominee will turn it around and eke out a close win over President Obama."
Each morning, NewsBusters has been showcasing the most egregious bias the Media Research Center has uncovered over the years — four quotes for each of the 25 years of the MRC, 100 quotes total — all leading up to our big 25th Anniversary Gala September 27. (Click here for details and ticket information.)
If you’ve missed a previous blog, recounting the worst of 1988 through 1997, you can find them here. Today, the worst bias of 1998: Journalists disparage Ken Starr for investigating Bill Clinton's tawdry scandals, while an ex-Time magazine correspondent reveals the depth of her appreciation for Clinton's pro-abortion policies. [Quotes and video below the jump.]
Liberal fascism, anyone? Add Barney Frank to the list of Thomas Friedman and Ray LaHood who regret that in the United States, that darn Constitution gets in the way of the enlightened class imposing its will on the rest of us benighted peons.
Sparring with Mario Bartiromo on CNBC this afternoon, Dem congressman Frank, expressing frustration at his inability to get through legislation he favors, lamented: "unfortunately, under this American system of government, you have these checks and balances." Yeah, so unfortunate. If only Barney could be king for a day. View the video after the jump.
CNBC's Lawrence Kudlow on Sunday gave Fareed Zakaria a much-needed education on Barack Obama's energy policies.
When the host of CNN's Fareed Zakaria GPS claimed the president deserved credit for the coming "shale revolution," Kudlow smartly replied, "He's giving none of the permits...He's a green energy guy. He's a Solyndra guy and he completely missed the boat on all of that stuff" (video follows with transcript and commentary):
The June jobs report was “very disappointing” for the Obama administration and to people looking for work, according to CNBC’s John Harwood. The 80,000 job gains was 20,000 short of expectations, and the unemployment rate was unchanged.
Moody’s economist Mark Zandi, who has often found a bright side to negative reports, reacted that way again saying there were “silver linings” in the report. But former Office of Management and Budget Director James Nussle strongly disagreed with those claims.
On Sunday's Melissa Harris-Perry show on MSNBC, as host Harris-Perry led a discussion of what the presidential candidates will need to do to appeal to white voters, panel member and CNBC contributor Keith Boykin asserted that Republicans have "carefully caricatured" the Democratic Party as the "party of black people," and suggested that Americans have been duped into believing that most federal tax dollars are spent to benefit black Americans. Boykin:
Syndicated columnist Charles Krauthammer on Tuesday said former President Bill Clinton is behaving like a "double agent" with some of the remarks he's been making about Barack Obama.
Appearing on Fox News's Special Report, Krauthammer also said, "I think he really is now a bull in a china shop, and there’s a lot of crockery that’s being destroyed” (video follows with transcribed highlights and commentary):
Following a report on Wednesday's NBC Nightly News about the dropping value of Facebook's initial public stock offering and possible investigations into what went wrong, anchor Brian Williams saw an opportunity to adopt the talking points of the left-wing Occupy Wall Street movement: "Is this a case of the rich get richer, another advantage to the 1%...?"
Williams posed that question to New York Times reporter and CNBC host Andrew Ross Sorkin, who enthusiastically added to the class warfare rhetoric: "Boy does it feel that way, Brian. This is that and probably a lot more. And it couldn't come at a worse time given the enormous distrust that the public has of Wall Street. And it goes to this sense of fairness. This is the ultimate 1% versus 99% all over again."
On Tuesday's NBC Today, co-host Matt Lauer invited CNBC Mad Money host Jim Cramer to elaborate on calling Mitt Romney a "job destroyer" as the head of Bain Capital on Sunday's Meet the Press: "You speaking as a pundit, or do you have some experience here?" Cramer declared: "He was talking about rationalizing the workforce, making it so that the companies were more efficient. Matt, these were code words back then. Code words for firing people."