In his weekend syndicated column, Deroy Murdock unearthed and relayed information the establishment press hasn't told the nation about how certain public-sector pension funds and university endowments have chosen to invest money entrusted to them in Bain Capital. Yes, Bain Capital.
Until three weeks ago, it would have been somewhat understandable if the business press didn't expect to find a story here. After all, who would expect that the organizations complaining the loudest and longest about the conduct of Bain, the private-equity firm GOP presidential candidate Mitt Romney left over a decade ago, would actually have significant funds invested there? These people couldn't possibly be that hypocritical, could they? Oh yes they could.
Ezra Klein, the "former" head of the Journolist news coordination conspiracy (given the evidence of coordination seen during the Republican convention, it's hard to believe it hasn't continued in some form), rolled out a graphic yesterday at the Washington Post which he touted as "the one graph you need to see before watching" the Republican convention.
To show would be to give it more attention than it deserves. Its core contention, delivered via the lefty-driven Center on Budget and Policy Priorities, is that "Tax Cuts, Wars Account For Nearly Half of Public Debt by 2019." They could have changed the title to "we're going to blame Bush for eight more years." Some of Klein's clanking follows the jump; I'll deal with the "Blame Bush's tax cuts" mantra after that (the "wars" claim has been addressed several times before, and is just as dumb):
As I suggested yesterday (hardly a prediction since it was so clearly going to happen), "2016: Obama's America" has taken in enough in estimated gross proceeds this weekend ($6.238 million from Friday through Sunday) to become the top conservative post-1982 documentary (and number six overall, behind four Michael Moore films and Al Gore's "Inconvenient Truth").
Some critiques, currently compiled at the Hollywood Reporter (this post went directly to the underlying write-ups), are coming in, and let just say that there's no Michael Moore-level fawning:
If we're to believe a report by Heidi Przybyla at Bloomberg News on August 13, the country might be operating under bipartisan deficit-reduction framework instead of being without a budget for over three years if it weren't for Wisconsin Congressman and GOP vice-presidential nominee Paul Ryan. Her lead: "Representative Paul Ryan was a pivotal figure in killing the 2010 Bowles-Simpson agreement, which Republican presidential candidate Mitt Romney now holds out as a model for putting America’s fiscal house in order."
There are many deceptions and unsupported assertions in Przybyla's report, but before getting to some of the others, many of which relate to her inability to recognize objective truth, the two most important related to her treatment of President Obama's role in the rejection of Simpson-Bowles:
About a month ago, I joked in a column published elsewhere that the reason a certain New York Times column didn't resonate with anyone is because no one pays attention to the Old Gray Lady any more.
Unfortunately, that's not true. But the fact that almost no other establishment press outlet has mentioned the paper's disclosure late Wednesday (appearing in Thursday's print edition) that former MF Global CEO Jon Corzine and others at the bankrupt firm likely won't face criminal prosecution in the firm's crack-up, which featured raiding individual customers' accounts to the tune of $1.6 billion, seems to indicate that the Times has become a favored holding cell for stories detrimental to Democrats which will otherwise be ignored. Oh, and contrary to the belief expressed in a very long Vanity Fair item in February, when Corzine was seen to be in "a scandal he can’t survive," and that "his career is likely finished," the man is seriously considering starting up a new hedge fund.
Andrea Mitchell's Freudian slip was showing on her MSNBC show this afternoon. Mitchell's moment of unintentional honesty came during a discussion with Chris Cillizza of Joe Biden's ugly remark yesterday to a largely African-American audience that Mitt Romney would "put y'all back in chains."
As noted here, Capehart defended Biden on Morning Joe today, claiming he had "nothing to apologize for." Mitchell, seeking faux balance, cited Capehart as having enumerated a number of supposedly racially-tinged remarks made by Republicans. Just one problem: Mitchell described Capehart as a "Democratic analyst." Oopsie! Surely a distinction without much of a difference, but Capehart's official job title is that of editorial writer for the Washington Post. View the video after the jump.
In an apparent attempt to pin blame anywhere but on the Obama administration for the rising unemployment rate, a USA Today item currently carried at Newsmax's MoneyNews.com web site opens by claiming that "Companies across the country are cutting training programs for new employees, broadening the divide between workers with skills needed to compete in today's economy and those left out, pushing up unemployment rates in the process."
The incoherence is stunning, and it continues after the jump:
The media doesn’t like food much these days. Papa John’s Pizza founder John Schnatter is the latest individual in the food industry to draw fire from the left; in his case the he made the mistake of discussing the economic effects of Obamacare on his company. Outlets from the Colbert Report to the Boston Globe savaged Schnatter for having the effrontery of publicly explaining basic economics.
In a conference call with shareholders last week, Schnatter (who is a Romney supporter) said:: “Our best estimate is that Obamacare will cost 11 to 14 cents per pizza, or 15 to 20 cents an order from a corporate basis.” He also assured listeners that, “If Obamacare is in fact not repealed, we will find tactics to shallow out any Obamacare costs and core strategies to pass that cost onto consumers in order to protect our shareholders best interests.”
A year ago, Standard & Poor's cut its rating of U.S. government debt from AAA to AA+.
Very early Monday morning, in what read more like an Obama administration press release than a wire service news report, Paul Wiseman at the Associated Press claimed that subsequent events and other agencies' decisions not to deliver similar downgrades represent a "decisive repudiation" of S&P's call. Gee, I think an element of other agencies' holdbacks had quite a bit to do with the Obama administration's almost immediate move to launch an investigation into how S&P handled the ratings of mortgage-backed securities leading up to the housing and mortgage lending mess in 2008. The others didn't want to become the Department of Justice's next targets. But of course Wiseman didn't bring up that inconvenient point. Excerpts follow:
Clay Waters at NewsBusters addressed this item earlier today, but I want to emphasize one particular quote in the related New York Times piece which also caught the (possibly gullible) attention of Chris Ariens at Media Bistro's TV Newser: "In private meetings with columnists, he has talked about the concept of 'false balance' — that reporters should not give equal weight to both sides of an argument when one side is factually incorrect. He frequently cites the coverage of health care and the stimulus package as examples, according to aides familiar with the meetings."
Wow. Where do you start? I'll cite just one example in each area Obama cited. I suspect readers will have more.
What does it take to win a Pulitzer Prize or write editorials for the Washington Post? Hard to say [though being a liberal certainly helps], but familiarity with the basic constitutional principles upon which our country was founded is apparently not required.
On today's Morning Joe, Pulitzer Prize winner and Washington Post editorialist Jonathan Capehart apologized to Senator Tom Coburn for being unfamiliar with Article 1, Section 8 of the Constitution, the Enumerated Powers clause. As you'll see from the clip, Capehart's befuddlement regarding the clause seemed to extend beyond the specific article number to the very principle that it embodies. View the video after the jump.
Sunday on ABC, as Rush Limbaugh noted on his show yesterday, Obama campaign senior adviser and former White House Press Secretary Robert Gibbs called GOP presidential candidate Mitt Romney a "schoolyard bully."
Just a couple of hours later (the time stamp is noon on Sunday), what little is left of Newsweek published "Mitt Romney's Wimp Factor." Zheesh -- So which is it?
In his column at the Los Angeles Times today (HT to a NewsBusters tipster), Michael Hiltzik engages in predictable whining about discussions on how to bring the federal deficit under control seem "increasingly to be driven by the wealthy." In the instance he cites, one could substitute "big bank and big company CEOs," who seem to have recently decided that President Obama's Simpson Bowles debt commission had a good roadmap in late 2010 after being as far as I can recall pretty much AWOL on the matter when it was first presented.
That's fine. Hiltzik entitled to his take. But he's not entitled to his facts, particularly his assertions on Social Security (bold is mine):
On May 2, Matt Sheffield at NewsBusters ran down a list of national media outlets which failed to report the Occupy movement connections of the five men arrested by the FBI for plotting to blow up a suburban Cleveland bridge, despite the fact that the Cleveland Plain Dealer began noting those relationships from the get-go.
Matt wrote that the Associated Press recognized the connections, but watered it all down by "letting an Occupy Cleveland spokesman's claim the men 'weren't affiliated with or representing the group' go unchallenged." Yesterday, after one of the five arrested entered a guilty plea to avoid a probable life sentence, an unbylined AP report waited until the final of 13 paragraphs to even mention Occupy, and then proceeded to engage in the same dishonest downplaying -- even though evidence revealed a few days after Matt's post proved an undeniable, high-level relationship (bolds are mine; HT Instapundit):
While it's nice that the 2000 election cycle made a fool out of Al Gore for his outrageous claim that "I took the initiative in creating the Internet" -- which was in due course shortened by critics to a claim that he invented the Internet -- it's more than a little annoying that an accompanying myth emerged and has long persisted that the Internet was created by the government.
President Obama repeated this supposedly established wisdom during his infamous "You didn't build that" speech" on July 13 in Roanoke, Virginia: "The Internet didn’t get invented on its own. Government research created the Internet so that all the companies could make money off the Internet." Geez, even I know that the original purpose of the Internet had nothing to do with companies making money. But at the Wall Street Journal on Sunday evening, L. Gordon Crovitz took a deep dive into the actual history, and -- Surprise! (not) -- the government wasn't the Internet's creator, or its enabler, but was instead a barrier:
If the idea of tax increases is so darned popular, why do journalists "creatively" avoid using the term?
Here's an example from a lengthy Saturday report on Democrat Bob Kerrey's U.S. Senate comeback effort in Nebraska by Karen Tumulty at the Washington Post, wherein she describes the 1993 Clinton tax hikes as a "deficit-reduction plan" (bolds are mine):
Brian Ross is not the only blameworthy party in the irresponsible smear of a 52 year-old Tea Party activist as the possible perpetrator of the Aurora, Colorado theater massacre early Friday. Everyone on the set of ABC's Good Morning America could have said "wait, this is premature and irresponsible" -- and didn't.
GMA co-host and former Bill Clinton advisor George Stephanopoulos's response to Ross's identification of 52 year-old "Jim Holmes" as perhaps the same "James Holmes" who had been arrested earlier that morning arguably added legitimacy to Ross's speculation: "OK, we'll keep looking at that. Brian Ross, thanks very much." As if they would actually find more of a tie-in, which of course they didnt. In his column yesterday, the underappreciated John Kass at the Chicago Tribune succinctly described Stephanopoulos's likely mindset, as well as how ABC was originally hoping to blame "social media" for Ross's GMA team-assisted smear (bolds are mine):
The Jurassic Press is missing much in their reporting on the $50 billion bailout of General Motors (GM). The Press is open channeling for President Barack Obama - allowing him to frame the bailout exactly as he wishes in the 2012 Presidential election.
The President is running in large part on the bailout’s $30+ billion loss, uber-failed “success.” And the Press is acting as his stenographers. An epitome of this bailout nightmare mess is the electric absurdity that is the Chevrolet Volt. The Press is at every turn covering up - rather than covering - the serial failures of President Obama’s signature vehicle.
One useful interpretation of a journalist's use of "some people say that" or "some argue that" without an accompanying reference to or quote from a subject matters expert is that such phrases really mean "in my opinion."
This is the very likely case in a disingenuously headlined Associated Press story yesterday by Andrew Taylor concerning the standoff between the Republicans, who want the current income tax structure continued for at least another year, and Democrats, including President Obama, who want to raise taxes (they describe it as "ending the Bush tax cuts," which fully went into effect over nine years ago) on "the rich," currently defined as people making $200,000 or more per year. Taylor put the following statement out there without identifying any economist or political analyst who might agree with it (because I doubt there are many, or even any):
Here's how a "Business Highlights" item at the Associated Press summarized the situation between Timothy Geithner and London banks whose officials had admitted to rigging the London Interbank Offered Rate ("Libor") on Friday evening: "The Federal Reserve Bank of New York released documents Friday that show it learned five years ago of big banks understating their borrowing costs to manipulate a key interest rate. The documents also show Treasury Secretary Timothy Geithner, who was then president of the New York Fed, urged the Bank of England to make the rate-setting process more transparent."
Today, Charles Gasparino at the New York Post called total BS such pathetic media spin (bolds are mine):
It seems that Matt Drudge is a better headline writer than whoever at the Associated Press performed the same task at its story about California lawmakers' passage of "building the nation's first dedicated high-speed rail line, a multibillion dollar project that will eventually link Los Angeles and San Francisco" -- if sanity doesn't prevail in the meantime.
Since late yesterday, Drudge's home-page headline linking to the AP's story is "Broke California OKs funding for high-speed rail line..." That's a lot more complete than the wire service's "California high-speed rail gets green light." Then again, if the headline writer didn't already know about the state's serious budget situation, he or she wouldn't have learned from reporter Judy Lin, who stayed conveniently vague, as seen in the following excerpt:
If this were a prize fight, it would have ended at the end of the sixth round in a knockout. In a post at the American Enterprise Institute's blog this afternoon, James Pethokoukis, who previously toiled at U.S. News and Reuters, made mincemeat out of Washington Post reporter Tom Hamburger's Thursday Mitt Romney-Bain Capital hit piece ("Romney’s Bain Capital invested in companies that moved jobs overseas").
Just sit back and enjoy the pummeling. Since Hamburger didn't land any blows, I'll only deal with the punches Pethokoukis landed in explaining "Romney Reality" while refuting six "WaPo World" whines (italics are in original):
Here's an indication of just how discredited the word "stimulus" is becoming: European leaders today agreed on a $163 "growth package" of some kind. The leaders were apparently very reluctant to describe it.
At a Los Angeles Times blog this morning, Sarah Delaney's coverage mostly bought into what appears to be a charade, but the headline writer at the paper's home page didn't get the memo.
At National Review (here and here), Stanley Kurtz has proven beyond doubt that Barack Obama sought the far-left New Party's endorsement in 1996. In the process, he has rendered a central claim made by the Obama campaign at its "Fight the Smears" web site in 2008 ("Barack Did Not Seek New Party Endorsement") and swallowed whole by the gullible establishment press utterly false.
In 2008, Ben Smith, who was then at Politico, also swallowed the line from the New Party's founder that the party never really had "members," which is going to be the focus of this post:
The Catholic News Agency's Michelle Bauman reports that there has been a "wave" of recent defections and departures from the Democratic Party that could be as many as several hundred. The establishment press is clearly being remiss in failing to note them at all -- something which would not be occurring if it involved Republicans going to the party of the left.
The reasons for the moves primarily relate to President Obama's endorsement of same-sex "marriage" and the assault on religious freedoms inherent in his administration's requirement that employers who offer health insurance plans, in Bauman's words, "cover contraception, sterilization and abortion-inducing drugs, even if doing so violates their consciences." Excerpts from her report follow the jump, including a notable quote from Artur Davis, the former four-term Democratic congressman who announced to very little press coverage in late May that if he runs again for public office, it will be as a Republican:
Artur who? The seems to be the question at the New York Times and the national site of the Associated Press. Searches on former Congressman Artur Davis (in quotes at the Times, not in quotes at AP) return nothing relevant and nothing, respectively, even though Davis appears to be the only African-American current or former congressman to leave the Democratic Part and become a Republican in decades. As noted yesterday (at NewsBusters; at BizzyBlog), the AP treated the story as a local item yesterday, and the Washington Post carried the AP's story in its Metro local section.
It appears that the two entities might be using the old "Well, Politico covered it, so we don't have to" excuse. On Tuesday of last week, the online publication filed a story reporting rumors that Davis was changing parties. Two days ago (updated yesterday), Alex Eisenstadt made it appear as if anger and not political philosophy largely drove Davis to switch:
NPR's Greg Allen has dutifully joined others in the liberal media in presenting the liberal Democratic spin on Florida's efforts to remove noncitizens from its voter rolls as a heavy-handed "purge." As I noted yesterday, the so-called "purge" has amounted to just 0.02 percent of the state's voters being called to address discrepancies in their voter registration that suggest they are noncitizens.
Predictably, Allen seized on the Democrats' poster veteran, Bill Internicola, a 91-year-old Bronze Star recipient who was born in the Bronx and is, of course, a natural-born citizen. But of course Allen failed to inform listeners of NPR's Morning Edition that Internicola's citizen status was questioned by state officials perhaps because of a date-of-birth discrepancy between his voter registration and his driver's license. Noted the Miami Herald: