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.
UPDATE (below the fold): The Washington Examiner's Byron York just posted a piece - Andrew Breitbart's coin challenge for evidence of the "N" word has been verbally answered by AFL-CIO chief Richard Trumka.
Editor's Note: Video of conservative being beaten down below the fold.
The media and the Left (please pardon the redundancy) continue to insist that TEA Party participants are engaged in racist and violent behavior - at the surreptitious and stealth "hate speech" urging of talk radio hosts and Republicans.
These have almost all been phantom charges. They are leveled by liberals and Democrats, and the media immediately report them as if they were true. They rarely bother to look for evidence, which works out because most times there isn't any.
On the weekend that health care passed, Democrat Congressman Andre Carson of Indiana asserted that the "N" word was shouted fifteen times at him and fellow black Congressman John Lewis.
The media went right to print with it, reporting it as if it were true. But several videos of the encounter between the Congressmen and the TEA Party-ers surfaced soon after. And on NONE of them could the word be heard once, let alone fifteen times in the chanted fashion that Carson claimed.
Internet media mogul Andrew Breitbart offered $10,000 to the United Negro College Fund - and then later upped it to $100,000 - for any evidence that the word was used at all. He's still got his coin.
And of course, no correction or apology was forthcoming from the media. In fact, some are still reporting it as if it actually happened.
Commenting on the new health care law, on Wednesday’s Late Show with David Letterman, comedian/actor Chris Rock cracked: “I feel sorry for the people that were against it” since “that's going to be a tough one to explain to your grand kids.”
Rock, on to promote his new movie, Death at a Funeral, barbed that ObamaCare opponents remind him of those against civil rights in the 1960s who years later had to answer, “grand daddy, is this your ‘I Hate Martin Luther King’ hat?”
Peace through strength - that was former President Ronald Reagan's method of achieving sound foreign policy as leader of the free world. Reagan was able to win the Cold War by showing the Soviet Union the United States could have both guns and butter.
However, President Barack Obama has recently declared he would take a different approach to foreign policy, particularly in the area of nuclear proliferation. The President announced earlier this week he has worked out a deal to significantly reduce nuclear weapon stockpiles in an agreement with Russia. This has drawn the ire of many conservatives, but that has MSNBC's Chris Matthews perplexed.
Matthews, the host of "Hardball," complained on his April 7 program about Rep. Michele Bachmann, R-Minn., being outspoken on Obama's decision to give into potential adversaries on the nuclear issue and claimed that contrary to what history would suggest about former President Ronald Reagan, Bachmann was going against the ideas of Reagan.
The broadcast networks couldn't ignore Holy Week, the pinnacle of the Christian calendar, so instead they used it this year to smear the Catholic Church as a harbor for abusive priests.
ABC, CBS and NBC featured 26 stories during Holy Week about Pope Benedict's perceived role in the sex abuse scandal the Catholic Church is now facing. Only one story focused on the measures the church has adopted in recent years to prevent abuse. In 69 percent of the stories (18 out of 26) reporters used language that presumed the pope's guilt. Only one made specific mention of the recent drop in the incidence of abuse allegations against the Catholic Church.
Burdened under a mountain of student debt? CNN has the answer - dedicate ten or so of your prime years to social work. Better yet, join the AmeriCorps.
Doing her best to channel Obama's inspiring Notre Dame address about shunning immoral endeavors in the private sector for virtuous and selfless community endeavors, Stephanie Elam sounded more like a Public Works Czar than a CNN correspondent on April 6.
"This is really about helping those people out, getting them ready as far as the choice for best course of study for the financial future," Elam said on CNN "Newsroom." "So you may consider the possibility of enlisting in public service. Demand is really high right now for government jobs ... and any remaining debt on federal student loans will be forgiven after you work full-time in public service for ten years."
“The Cold War ended more than two decades ago, and today American nuclear strategy finally caught up with history,” as the Obama administration has recognized “the greatest threat is no longer all-out nuclear war, but the chance that just one weapon will fall into the hands of a terrorist or rogue state,” an effusive David Martin declared on Tuesday’s CBS Evening News.
His story, unlike those on ABC and NBC, assumed the new policy -- that ends the threat of using nuclear weapons against a nation that attacks the U.S. with chemical or biological weapons so long as they don’t develop nuclear weapons – reflects unchallenged wisdom and has no detractors.
“For the first time ever,” Martin trumpeted, “the new policy limits the circumstances under which the U.S. would resort to nuclear weapons, assuring nations which do not have them and do not try to get them they have nothing to worry about.” As if they now have a legitimate fear of the U.S. annihilating them with a nuclear attack.
ABC’s Jake Tapper, in contrast, recognized not all are thrilled with eliminating a threat which has kept America safe for decades as he also noted the new policy contradicts what Secretary of Defense Robert Gates said in 2008:
It's a simple law of economics, right? If there's a demand for a certain service or good, that business has a strong shot at thriving. Since the now-defunct Air America shut down for the last time earlier this year, the casual observer must conclude that no one wanted to hear left-wing diatribes over the broadcast airwaves.
But why is this newsworthy, according to Rhodes? Limbaugh has huge audience where people are allegedly forced to listen to him because he is on "every station."
"So now they're saying oh, you know, we're going to accuse them of doing everything we did. And that's how people become these victims," Rhodes said. "You know, it's like - an idea that, you know, people listen to him. They listened to him because, Joy, they have no choice. He's on every radio station. He's on - they have no choice."
Ann Coulter for one has refused to pour gasoline on the Voyeur fire - pledging her full support and offering praise for RNC Chairman Michael Steele.
As Good Morning America's George Stephanopoulos so touchingly pointed out to Steele, a few Republican leaders have been publicly highly critical of Steele and according to a "poll of insiders" only 20 percent consider him an asset to the party.
"Everyone seemed to like him and recently it's like story after story after story - is this guy being villainized?" Fox Business Channel's Eric Bolling asked Coulter on the April 5 "Happy Hour."
"I think so, I think he's being attacked because he's very effective," Coulter replied.
She made note how Ken Blackwell had been her original choice for chairman, but said Steele had been more than adequate. "[S]ince Michael Steele got the job, I see him on TV and I think he's very effective on TV. He's smooth, he's cool, he's hip, he always makes solid arguments."
"He was on a plane during this incident at this voyeur club," Coulter reminded Bolling. "But you know the Democrats have the audacity to complain about some low-level staffer doing something stupid by taking ...Young Republican Eagles or whatever to a sleazy club in LA - excuse me! Loretta Sanchez - an actual Democratic Congresswoman who was co-chair of the DNC - had a Democratic gala event...at the Playboy Mansion - which finally had to be cancelled."
With summer driving season upon us, it's important to note that there's a traditional jump in gas prices. But will this seasonal adjustment benefit commodities, specifically oil and make the price of gasoline even higher? That could happen if those forms of energy lure investment from what seems to be an over-valued equities market, brought on by what some claim is cheap money.
On her April 5 program, "Closing Bell" host Maria Bartiromo asked CNBC's CME Group floor reporter Rick Santelli if a move higher in commodities was due to inflation. However, according to Santelli, it's not inflation but a move by investors out of a potentially over-valued equities market that will cause a rise in commodities.
"Well, you know, I don't like to link the two together," Santelli said. "I mean, many times you know, it is core [minus] food and energy. So I think throw all that away. I think the better question is, is that when people are afraid to put their money to work in treasuries, because rates may be going higher, maybe afraid that we are a little long in the tooth in the sugar-buzz rally of equities - boy, commodities is the place to be. Most of the good dollar trades probably already out there."
Democratic congressional efforts to steer the economy not working as advertised. The $787-billion stimulus passed back in early 2009 failed to curb unemployment as promised, and there are other risks of putting a blind trust in government to solve the nation's economic woes.
And to give credit where credit is due, CNN's Christine Romans is pointing these risks out. On the April 5 broadcast of "CNN Newsroom" hosted by Ali Velshi, Romans was asked about the politics of extending unemployment benefits, which were held up through the Easter recess by Sen. Tom Coburn, R-Okla. According to Romans, there is a tug-of-war going on in the Senate.
"The Senate Democrats say they are going to plug ahead and plow forward," Romans said. "The issue here is the same issue as last month basically. You have some Republicans - one in particular, Sen. Tom Coburn from Oklahoma - saying, ‘Look, we've got to be able to pay for this. Let's pay for it. Let's do it. It's the right thing to do to help people. Let's find a way to pay for it.' And you have Democrats who are saying, ‘No, this is emergency spending. This is an emergency. The jobless situation is an emergency. Let's just do it right now quickly without finding another way to pay for it.'"
YouTube is assisting Al "Eco-Prophet" Gore throw a Hail Mary pass to the growing segment of Americans who are "deniers" of the earth's "climate crisis."
This time, Gore and his organization, the Alliance for Climate Protection, has issued a call-to-arms for young hipsters to make a video about climate change for a YouTube Video Volunteer contest.
"[A]s we celebrate our 40th Anniversary of Earth Day, we need action on all fronts," Gore said on the weekend YouTube sermon. "We need to build on our individual and family commitments and use this historic moment facing our nation to make a difference in changing our laws and creating a better world for ourselves, our children and our grandchildren."
Gore's message was the same - humans cannot wait another minute preventing the doomsday catastrophe of global warming, and thus America's youth must demand a drastic and immediate overhaul of the entire U.S. economy.
When President Obama was asked recently whether or not it is wise to raise taxes through ObamaCare when we are already overtaxed, he rambled on for 16 minutes, making it clear he had no answer to the question:
Last Thursday, on his unwatched and unwatchable MSNBC television program, Equine Ed Schultz stepped into his Leftist Wayback Machine for a little retro-censorship. With the intent of bringing it back to the future.
Having first called for a reimposition of the alleged "Fairness" Doctrine the week prior on his unlistened to and unlistenable radio show, Schultz took his censorious intentions to his tens of viewers on the tube. (He is doing all of this after making fun of us in 2008 for concerning ourselves with the Doctrine's return.)
Schultz made his latest call for "fairness" by citing the patently absurd 2007 "report" The Structural Imbalance of Political Talk Radio. Which was co-published by the George Soros-funded Leftist "think" tanks Center for American Progress and (the Marxist-founded) Free Press.
We have in fact dismantled this "report"for its deep-seated and inherent fraudulence. It asserts that talk radio is too conservative - and that we need oppressive government regulations aplenty to remedy the situation.
However, it cooked the books from the outset - excluding uber-liberal National Public Radio (NPR) from their analysis pool and then drawing their fraudulent conclusion.
Just three weeks after it first aired on March 14, tonight at 10 PM EDT/PDT, 9 PM CDT, ABC will re-run the “Freeluc.com” episode of Brothers and Sisters which centered around “Kitty Walker-McCallister,” a Republican candidate for Senate in California played by Calista Flockhart, coming under attack from conservative rubes who think she used her influence to get the visa renewed for her older sister’s French boyfriend, “Luc.”
At a campaign event with mini-video camera-toting bloggers visible, protesters boo and repeatedly chant: “America for Americans!” as they hold up signs, such as “FRENCHIE GO HOME!!!” and, with a mustache added to Kitty’s face, “Hi Kitler!” Just like the real media’s slander of Tea Party protesters.
Kitty’s husband whom she is running to succeed, incumbent “Senator Robert McCallister,” played by Rob Lowe, charges: “It’s just the conservative purity police trying to purge the party of lily-livered Republican moderates.” Kitty complains to her sister, “Sarah Walker,” played by Rachel Griffiths: “I am fighting for my political life with a bunch of ultra-conservative yahoos who want my head because you decided to fall in love with a guy who has immigration issues.”
Jason Mattera, author of "Obama Zombies" and newly appointed editor of Human Events, said "members in the media treat leftist politicians as though they are at a Jonas Brothers concert." He also had rather choice words for young Obama supporters stuck in a "brainless slumber" on Fox Business Channel's April 2 broadcast of "Imus in the Morning."
"Somebody about your age - mouthpiece of Franken - is trying to dissuade you from continuing that," host Don Imus noted upon viewing his guest's recent confrontation with Sen. Al Franken.
"Yea, he had his hands all over me like Eric Massa," Mattera joked.
And - in usual politically-correct fashion - he went on to address the devastating consequences that journalists and media bias has on the young generation.
"I just think that we know that members of the lame-stream media aren't gonna grill politicians," Mattera said. "Al Franken, Senator Smalley had no idea what was in the bill - and I'm not gonna sit down and play patty cake with the dude...So I mean I gotta go and confront the dude because we know members in the media treat leftist politicians as though they are at a Jonas Brothers concert. They're just fawning licking the heels of their favorite teen idol."
New fuel standards make both the left and the media happy. It's easy to tell. There wasn't a single voice of opposition criticizing the latest act of Big Government on major prime-time news outlets ABC, CBS or NBC.
"Environmentalists are hailing the move as nothing short of historic," NBC's Lee Cowan said of the federal government's new fuel efficiency standards. The networks did much the same. Broad consensus from NBC's "Nightly News" and CBS's "Evening News" reflected praise for the Obama administration's latest regulatory efforts.
The federal government took a historic step April 1 to regulate greenhouse gas emissions. As part of a joint proposal by EPA and Transportation Department officials, the government implemented new fuel efficiency standards for all vehicles.
"This ends a debate that lasted nearly a decade," Cowan kicked-off the "Nightly News" segment. "But now that these so-called ‘clean-car standards' are going to be mandatory across the board, it makes it the first time ever that the federal government has limited greenhouse gas emissions."
"Nightly News" featured the opinions of three individuals who praised the new regulations. "This is sort of the first time that the United States government has stepped forward, to take the biggest single step forward to solving global warming," Bernadette Del Chiaro of Environment California said.
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.
When it comes to socially-conservative groups media outlets like to cover the scandals instead of the celebrations.
That's exactly what NBC did to the Boy Scouts of America which had its 100th anniversary Jan. 25. NBC "Nightly News" completely ignored the anniversary, but did remember to cover Bubble Wrap Appreciation Day during that broadcast.
But NBC will find time for scandal. On April 1, NBC's "Today" reported that the Boy Scouts are at the center of a $25 million lawsuit tied to an alleged cover-up of thousands of sexual abuse cases.
The same network that found the group so unimportant it couldn't even muster one word about their one-hundred year anniversary, found two minutes and twenty-seven seconds to spend on the abuse scandal.
The lawsuit is based on so-called "perversion files," or thousands of secret files the Boy Scouts kept about "thousands of alleged molesters."
Green jobs to save the American economy? If you have listened to the various politicos on the left end of the spectrum, especially before and after the passage of the $787-billion stimulus package earlier, you would think that is the cure-all.
But so far it isn't working and there are other fundamental problems that lie ahead according to some energy market analysts, like much higher oil prices - despite the pledge by President Barack Obama to open up 160 million acres for future oil exploration and drilling. To avoid the price of $100-plus oil, CNBC's CME Group floor reporter suggested expediting the process, as was the case with ObamaCare and TARP.
"I think what you're hitting on is so important because the President of course talking about some of these jobs, but also talking about drilling," Santelli said on CNBC's April 1 broadcast of "Closing Bell." "You know, if the government was able to put forth health care and the government was able to do bailouts and TARP and stretch the rules, if they wanted to get jobs now and avoid the $100-plus oil you know that's coming they could drill quickly if they wanted to. And this is something that needs to be discussed, don't you think?"
Last year many Americans were convinced the H1N1 virus, commonly called the swine flu, would turn into a pandemic. That’s no surprise given the fear mongering media.
News media helped make the case for the government to rush a vaccine and the government spent over a billion dollars producing those vaccinations. But now, according to the April 1, 2010 Washington Post millions of vaccines are still unused – 71.5 million vaccinations will soon expire and may even have to be thrown away.
Washington Post writer Rob Stein reported that of the 229 million vaccinations created by the $1.6 billion “government-led program,” not even half have been administered, partially because of “production problems” which set back the delivery time.
The "obesity epidemic" is the fault of poor individual choices and sedentary lifestyles, but in the news, blame typically falls on companies, rather than on the individual. CNN has attacked grocer stores, restaurants and food manufacturers for creating supposedly "addictive" products and in story after story called for more food regulations, taxes or other intervention.
CNN's hearty appetite for food control has gone on for years. They've waged a war on obesity all while promoting government meddling like higher taxes on drinks made with "cheap" corn syrup to fight the "obesity epidemic," health zoning prohibiting fast food restaurants from South L.A. and trans-fat bans just for starters. CNN even criticized supermarkets for wanting customers to buy products from them, back in 2006.
Opposed to ObamaCare? Maybe you're just a secret segregationist . . .
As absurd as it sounds, that's the possibility that Chris Matthews posed this evening. His guest was Georgia Attorney General Thurbert Baker, a Democrat who has declined Republican Gov. Sonny Perdue's request to sue the federal government over ObamaCare.
Matthews reached back to 1964 to suggest that Perdue might also have opposed the Civil Rights law: