With the federal government issuing massive amounts of debt and the Federal Reserve purchasing it in the name of keeping interest rates down, questions have arisen about impact on the U.S. dollar.
On June 2, CNBC's "Power Lunch," aired a clip of the network's chief economics reporter, Steve Liesman interviewing Secretary of the Treasury Timothy Geithner. Geithner claimed the Federal Reserve wasn't monetizing the debt the government was accruing. Following that clip, CNBC's Chicago Mercantile Exchange floor reporter Rick Santelli, famous for inspiring the anti-tax-and-spending tea parties, questioned Geithner's denial of debt monetization.
"Well, you know the first part of that question was economists are worried about quantitative easing - are we monetizing?" Santelli said. "And his answer was no, we have a strong independent central bank. Now the latter may be true but it certainly isn't an answer to the question and I put forth, and I'd like feedback everybody - that quantitative easing can't exist without the monetization process. We issue debt; we print the money to buy it. That is monetizing. I can't believe that was his answer."
"MSNBC News Live" co-host David Shuster slammed Dick Cheney on Tuesday's program as a hypocrite, complaining, "Your Iraq war inflamed the Muslim world, bred a new generation of terrorists who hate America and cost the lives of over 4,000 U.S. soldiers." The broadside against the former Vice President occurred during day two of Shuster's newly resurrected "Hypocrisy Watch" segment, a feature that mostly goes after conservatives and Republicans.[audio available here]
Shuster complained about an appearance Cheney made at the National Press Club on Tuesday. The ex-VP decried the closing of Guantanamo Bay and defended the Iraq war, asserting that, in the end, it saved lives. The MSNBC host also lambasted the Republican for mistakenly using Barack Obama's name when he meant Osama bin Laden. "Obama, Osama. Good grief," he exclaimed, before sarcastically asserting, "I'm sure that was an innocent mistake." Now, of course, numerous politicians have made such an error, including Ted Kennedy in 2006. Shuster has never made any of them the subject of "Hypocrisy Watch."
George Tiller, the Kansas doctor notorious for his commitment to performing late-term abortions, was killed May 31 while attending a Sunday morning church service.
By his count, Tiller performed 60,000 abortions. His clinic, Women's Health Care Services in Wichita, was one of only three clinics in the United States that offered abortions after the 21st week of pregnancy.
Loss of human life is a tragedy and should be reported as such, and premeditated murder is always wrong - something all the mainstream pro-life groups were quick to affirm in the wake of the killing. But in reporting this tragic story, the news media have much to say about a man who helped provide women with the "right" to end their pregnancies, but have little to say about lives he helped to end. In failing to highlight what Tiller's work actually entailed, reporters do nothing to help their audience understand why this man was targeted.
During live MSNBC coverage in the 9AM EST hour on Monday about the murder of abortion doctor George Tiller, guest Dr. Warren Hern, a fellow abortionist and friend of Tiller, declared: "Dr. Tiller's crime was that he helped women and the man who killed him tried to kill an idea. The idea is freedom. So we don't have to invade other countries to find the terrorists. They’re here killing doctors who do abortions. The difference between – the main difference between the American anti-abortion movement and the Taliban is about 8,000 miles." Instead of challenging such an incendiary statement, correspondent Monica Novotny simply concluded the segment: "Dr. Warren Hern, thank you for joining us today. We appreciate it." [audio available here]
Earlier in the interview, Novotny asked Hern: "You were quoted as saying that Dr. Tiller's death was ‘predictable.’ What was your reaction when you heard and why do you say that?" Hern explained his statement: "This was not the act of a lone deranged gunman. This is a result of 35 years of relentless and merciless anti-abortion harassment, violence, and intimidation, hate speech and violent rhetoric, and this is the absolutely predictable consequence of that kind of mindless harassment and fanaticism."
'The Goode Family,' a new half-hour animated comedy show which spoofs the politically-correct and environmental do-good thinking of a liberal family which considers its lifestyle superior to “abstinence people” who “wear flag pins,” debuted this past Wednesday night on ABC. The opening scene showed a “Support Our Troops...And Their Opponents” bumper sticker on the family's hybrid.
When the 16-year-old son who the parents adopted from Africa and presumed he'd be black, but to their surprise was a white South African, wants to start driving, the father cautions: “With greater emissions, comes greater responsibility.” In another scene, the mother declares “nothing brings a mother and daughter closer together than shopping at a high-end, organic grocery store.” And inside the store an intercom announcement alerts shoppers: “Check out the big board to see how you can limit the impact of your existence.”
I won't give away all that's in the accompanying video in which I cobbled together a little under three minutes of what I thought were the funnier and most-damning parodies of liberal thinking .
Displaying a caricature of a celebrity enraptured by President Barack Obama, although apparently quite serious in the underlining attitude he conveyed in an over the top manner, on Friday's Larry King Live actor Denis Leary (IMDb page) proclaimed: “I think that President Obama is the greatest President in the history of all of our Presidents and that he can do no wrong in my book.”
Asked about Supreme Court nominee Sonia Sotomayor, Leary, co-producer and star of FX's Rescue Me, exclaimed: “Fantastic!” Guest host Joy Behar prompted him to affirm: “You love her?” He repeated his earlier mantra: “Everything you ask me about President Obama I'm just going to say it's the greatest thing ever. I love the guy!”
Leary, who made the appearance ostensibly to plug his book, 'Why We Suck: A Feel Good Guide to Staying Fat, Loud, Lazy and Stupid', as a Father's Day gift, also related how he likes to “torture” pro-Bush friends and colleagues by gloating over Obama. “I do have to say that I enjoy upsetting people -- friends of mine who might be in the Republican world” by telling them: “President Obama is the greatest thing that ever happened.”
You'd expect to see this in the liberal blogosphere or possibly some of the national mainstream media outlets with an obvious agenda. But now some of the preemptive strikes against Republican senators leading up to the Senate confirmation hearings and eventual vote to confirm President Barack Obama's Supreme Court nominee, Sonia Sotomayor, are finding their way into local newspapers.
An op-ed published in The Anniston (Ala.) Star on May 28 by Ari Rabin-Havt, the managing director of the left-wing Media Matters Action Network, attacked the new ranking Republican of the Senate Judiciary Committee, Sen. Jeff Sessions, R-Ala. He alleged that if Sessions and other Senate Republicans didn't commit to taking a filibuster off the table for Sotomayor's confirmation, they would be guilty of hypocrisy.
It's the new "C" word according to Melissa Francis, co-host of CNBC's "The Call." Using the word "cartel" to describe OPEC is officially a no- no.
Francis, who was on location in Vienna, Austria at the OPEC summit, reported on an exchange between herself and Ali Al-Naimi, the oil minister of Saudi Arabia during the May 28 broadcast of "Squawk on the Street." In an interview, Al-Naimi took issue with Francis using the word "cartel" to describe OPEC:
Francis: When do you think we'll hit that $75-to-80 range that seem like almost everybody in the cartel agrees is sort of the equilibrium price?
Al-Naimi: You have to be careful calling OPEC a cartel. I resent that.
The national unemployment rate is 8.9 percent and even higher in places like Cambridge, Md. So you might find it strange to see NBC advocating an expansion of legal migrant labor when so many Americans are struggling.
Nonetheless, former "NBC Nightly News" anchor Tom Brokaw did just that in the first part of a new series called "American Character." The former anchor will travel U.S. Highway 50 from coast to coast to report on people struggling in this economy. On "Nightly News" May 27, Brokaw visited a crab picking house in Cambridge, Md. that's suffering from a shortage of workers.
"Jack Brooks runs J.M. Clayton's, one of the oldest crab processors in the area," Brokaw said. "He's got all the crabs he can handle. What he doesn't have, even in this brutal economy, is enough workers to pick them."
The media have lamented use of the word fascism when it has been used to describe moves by the Bush and Obama administrations and the private sector economy.
But when examined from a purely political and economic point-of-view, that is what's going on now according to Thomas Sowell, Stanford University's Hoover Institute Senior Fellow and author of "The Housing Boom and Bust." Sowell appeared on Glenn Beck's May 27 program and was asked if the United States was still a capitalist country.
"Oh, heavens, partially," Sowell replied. "We're not a socialist country, because the socialists believe in government ownership of the means of production. But, the fascists believe that the government should have private ownership and the politicians should tell people how to run the businesses. So that's the route we seem to be going."
A baffled CBS. The CBS Evening News, which in 2005 had no doubt about how John Roberts and Samuel Alito were dangerous conservatives, expressed bewilderment Wednesday evening over where Obama's Supreme Court nominee stands. “Pundits usually label judges as either liberal or conservative, but that won't be easy with Judge Sotomayor,” Katie Couric propounded in setting up a piece from Wyatt Andrews, who concluded:
President Obama, then, has found a judge with 17 years experience but no clear ideology on discrimination, gay rights, or abortion and who can't be easily defined by political labels.
At least not by the CBS newscast, which back in 2005 asserted Roberts would move “the court further to the right” and fretted over the Alito pick “tilting the Supreme Court in a solidly conservative direction for years to come.”
Nobody can accuse the broadcast networks of objectivity when it comes to gay "rights."
ABC, CBS and NBC combined devoted nearly 11 minutes of air time during their evening and morning news shows to the May 26 California Supreme Court ruling that upheld Proposition 8, the 2008 state constitutional amendment that banned same-sex marriage. The networks gave gay rights activists more than seven minutes of air time, through interviews and footage of their protests, while they gave Prop 8 supporters less than one minute to talk about their victory.
With Saturday Night Live now in re-runs until September, my offering for a little Saturday night -- media bias-based -- humor.
Nearly five years ago, when compliant journalists were touting then-vice presidential candidate John Edwards and admiring his supposed idyllic marriage to Elizabeth Edwards, Katie Couric celebrated the happy couple's annual wedding anniversary “romantic ritual” of eating at Wendy's, wondering as all three laughed together:“What do you say, 'One Frosty, two straws?'” Pretty ridiculous in retrospect.
In the taped interview aired on the Thursday, July 15, 2004 Today show, Couric cued up the couple: “I know you'll be celebrating your 27th wedding anniversary. And I understand you go through a romantic ritual every year to commemorate that date. Share it with us will you?” John Edwards answered that “we go to Wendy's for our anniversary” before his wife provided her take, prompting a delighted Couric to marvel: “So every year for 26 years so far?” As John Edwards quipped “you could question our sanity,” Couric jumped in: “I was gonna say, what do you say, 'One Frosty, two straws?'”
After 120 days of the new presidency, the automobile industry provides some of the best evidence of an administration that favors the heavy hand of government meddling in the private sector. And as is the case with mostcoverage of President Obama and his policies, criticism of his automotive tinkering has been sparse.
On May 19, Obama announced a 30-percent increase in Corporate Average Fuel Economy (CAFE) standards, which would come to a 35.5 miles per gallon (mpg) average for both cars and light trucks. It will equate to a higher percentage increase for cars, up from its current level of 27.5 mpg standard to 39 mpg starting in 2016. And the average for light trucks would rise from 24 mpg to 30 mpg.
"We have set in motion a national policy aimed at both increasing gas mileage and decreasing greenhouse gas pollution for new trucks and cars sold in the United States of America," Obama said during his May 19 announcement.
Is there another shakeup imminent at CNBC? Since the economy has been on the rocks, NBC Universal's financial network has been in the spotlight - political tug-of-war and all. This time, another one of the network's star on-air personalities, Jeff Macke, could be out.
After the winner of "American Idol" is crowned, the appropriate action is to congratulate the newly crowned Idol on his success. Yet on May 21 media focus was clearly elsewhere. That day, reports on all three networks' morning broadcasts, marveled at how Kris Allen beat Adam Lambert and gave unusual attention to contestants who did not win, but are still successful, leaving little doubt that these hosts and reporters believe something wasn't right about Allen's victory.
Allen and Lambert are very different. Allen, a married twenty-three year old, is a college student from Arkansas. He grew throughout the season as a performer and was often labeled as humble. Lambert, on the hand, was an edgy performer who has become known for his "guyliner," or extensive use of black eyeliner. Although he was a frontrunner and often praised by the judges, his sexuality was often questioned, especially after photos hit the Web in which he appeared to be kissing another man.
ABC, CBS and NBC all led Wednesday night with the Senate's overwhelming 90 to 6 bi-partisan vote to withhold funding for the closing of Guantanamo and block any detainees from being moved to the U.S., but ABC anchor Charles Gibson was uniquely flummoxed: “What's the problem here?...We have terrorists in U.S. prisons, so why not the guys from Guantanamo?”
Gibson alluded, in setting up his question to George Stephanopoulos, to Jake Tapper's reference to how “several convicted terrorists are currently in U.S. 'super-max' facilities, including shoe bomber Richard Reid,” and how Dianne Feinstein (one of the six Senators on Obama's side) argued “there is ample evidence that the United States can, and in fact does, hold dangerous convicts securely and without incident.”
But in being confused about the reasoning of the vast majority, Gibson overlooked how Tapper had already answered his question: “FBI Director Robert Mueller today said putting these detainees in U.S. prisons could be dangerous.” Viewers then heard from Mueller: “There is a potential for radicalization in a number of ways, whether it be for gang activity, for terrorist groups, for other extremists.”
NBC's coverage of a new bill that restricts credit card companies has been riddled with contradictions - first attacking companies for taking advantage of young people, then admitting students need to build credit.
On May 14 "Nightly News" anchor Brian Williams said, "graduates enter the world with awful credit card debt" and then reporter Lisa Myers demonized credit card companies for student debt and praised possible government intervention.
The House passed a bill on May 20 to restrict credit card companies which would make it very difficult for consumers under 21 to obtain a credit card unless they have a parent co-sign the card or prove they can pay.
That will make things difficult for college students who need to establish a line of credit to rent an apartment, buy an airline ticket or purchase a car. That was ignored by NBC "Nightly News" May 19 and CBS "Early Show" on May 20. "Good Morning America" didn't report the credit card story at all on May 20.
General Electric (NYSE:GE) is the parent company of the major media conglomerate NBC Universal, which owns media outlets NBC, MSNBC and CNBC. At times that has led to the lines between corporate advocacy and journalism being blurred.
That was certainly the case when GE's CEO Jeff Immelt appeared on CNBC's "Squawk Box" May 20 to discuss the White House meeting of President Barack Obama's 16-member Economic Recovery Advisory Board headed by former Federal Reserve chief Paul Volcker.
Immelt used his platform at CNBC to make the case for a cap-and-trade program to curb emissions - something Obama has called for and one Congressional committee is debating this week.
When examination of the science is too much work for show preparation and taking a position that falls in line with like-minded ideologues is part of your shtick, you can always resort to ad hominem attacks if needed.
In a May 19 segment on his "Hardball" program about global warming, MSNBC's Chris Matthews interviewed Reps. Jim Moran, D-Va., and Dana Rohrabacher, R-Calif., who had opposing views on the issue. However, Matthews attacked Rohrabacher, a global warming skeptic, as someone ignorant of science.
"Congressman Rohrabacher, are you a Luddite, a troglodyte? Are you a part of ‘The Planet of the Apes' that doesn't want science? Where would you place yourself in this argument?" Matthews asked.
Meghan McCain was again provided with a national outlet for her "moderate" Republican views with her appearance on "The Colbert Report" on May 18. Host Stephen Colbert said to her, "You're more liberal than President Obama. Is that how you see the future of Republican Party going?"
"I'm liberal on social issues," McCain responded
Later in the interview McCain explained her views: "All I'm trying to say is it can be a party for a 24-year-old pro-sex woman. It can be. I just think that we have people that are in this party that are hijacking it and - trying to make it more extreme."
A self described "pro-sex, pro-life and pro-gay marriage" Republican, McCain would prefer the Republican Party stray away from abstinence only education and drop its support for the military's "Don't Ask, Don't Tell" policy.
As Californians go to the ballot box to vote whether or not to increase their taxes, government leaders in Sacramento are trotting out "the usual human shields" - kindergarteners, firefighters, policemen and nurses to frighten people into voting.
The ballot initiative, promoted by California Gov. Arnold Schwarzenegger, has little to no chance of passing according to the Los Angeles Times. But that did stop the governor from using fear tactics, as Fox News Channel's Glenn Beck pointed out on his May 19 program.
"What's their plan to turn the state around? They have one?" Beck said. "Yes - the Governator, he proposed $15 billion in cuts. Wow. And he warned that if his, if his propositions failed, California will need to release 40,000 prisoners out on the streets."
You know the era of big government is alive and well when you see a mainstream news outlet praise the growth of the public sector as a "bright spot."
Leading up to and throughout the 2008 national election cycle, CBS News was generally downbeat on the economy, even when times were much better than they are currently. However, now that government has taken a much larger role in the private economy, the "CBS Evening News" has now been running a so-called "Economic Bright Spot" segment. And on the May 18 broadcast, "Evening News" anchor Katie Couric explained how government was going to save us all.
"Back here on earth, government agencies like NASA seem to be the only places hiring during this recession," Couric said. "Last month, there were 72,000 new government jobs - 66,000 federal. That's up more than 2 percent from the month before. As Kelly Wallace reports, for thousands of graduates who need jobs this hiring boom is one of the economic bright spots."
Minutes after she praised President Obama for his “courageous” decision to accept the invitation to speak at Notre Dame, CNN anchor Fredricka Whitfield played the role of liberal advocate for the president’s commencement address, grilling one Catholic guest who questioned the university’s decision, while going easy on her other guest who was happy to see Obama speak there. Just as MSNBC’s Norah O’Donnell had done on May 14, Whitfield equivocated between the issues of abortion and the death penalty, along with war, in her question to Raymond Arroyo of the Catholic television network EWTN: “So does the death penalty fall into that and also wars...does that fall into that as well?”
Later, when Arroyo brought up how the Catholic teaching on abortion wouldn’t change, even if most of the Notre Dame graduates agreed with the decision to bring the president to campus, the CNN anchor replied, “Well, might it suggest something else, that perhaps the Catholic majority has evolved in its opinion of certain things....Perhaps, it means that there’s a greater understanding in some of the areas that you say...once upon a time there wasn’t.” [Due to the large amount of transcript, the entire text of both segments of the two segments can be read here. Audio clips from both segments are available here.]
Since its announcement in March, the University of Notre Dame's decision to invite President Barack Obama to give this year's commencement address and receive an honorary doctorate in law has been a big story for American Catholics. Pro-life Catholics were outraged and more than 366,000 people signed a petition urging Notre Dame to rescind the invitation. Somehow, though, the controversy didn't merit notice by the broadcast networks. They refused to cover it.
Yet after the fact, Obama's commencement address led ABC and NBC's evening news programs on May 17. (CBS' "Evening News" was preempted by golf, but anchor Russ Mitchell did offer a newsbreak that included a brief mention of Obama's address.) The broadcast networks' morning news programs, including CBS, also discussed Obama's speech. In each case they praised his words and ignored what had stirred so much controversy: the president's history of supporting even the most extreme abortion rights measures. And they turned to mostly liberal Catholics to provide context and perspective on the debate.
On May 15. Julie Chen, co-anchor of CBS' "The Early Show" glossed over a declaration from former Miss California co-executive director that the National Organization for Marriage is a hate group
After her resignation from her Miss California position, Moakler went on the show in an exclusive interview to discuss her departure. Donald Trump's announcement in a press conference on May 13 that Carrie Prejean would keep her title as Miss California led to her departure, and Moakler criticized Prejean in the interview.
"I think it's wrong to start screaming that you're being persecuted, then you go and align yourself with organizations like NOM, to me that are particularly, I consider them hate groups," said Moakler.
After briefly clarifying what "NOM" refers to (Moakler said, "The National Organization for Marriage."), Chen immediately moved on to a completely different question about Trump's response to her resignation.
On Friday’s American Morning, CNN anchor Kiran Chetry used the liberal talking points about Wanda Sykes and Rush Limbaugh, the two “Wingnuts of the Week,” according to John Avlon of The Daily Beast, Tina Brown’s Huffington Post knock-off site. After playing clips from Sykes’ now-infamous routine which bashed the talk show host and wished him dead, Chetry replied, “So, some would say, wait, she’s just a comedian, and she was trying to get laughs at the correspondents’ dinner. So what’s the harm in her joke, and why do her comments qualify her for wingnut of the week?” Later, the anchor asked Avlon concerning Limbaugh, “He’s certainly really dominated the voice of the GOP for -- for the past several months, and, you know, the left has been saying he’s the new voice of the Republican Party. Why did you pick him as the wingnut of the week?” [audio excerpt available here]
The CNN program began the “Wingnut of the Week” last week with Avlon, as a proposed regular segment on Fridays targeting, in his words, “the professional polarizers, the unhinged activists, the folks who are trying to always hijack our debates and divide us.” His picks last week were Representative Michelle Bachmann, for her recent anti-Jimmy Carter remark, and former Representative Cynthia McKinney, for comparing herself to Rosa Parks and referring to Washington, DC as a “Zionist-occupied government.”
Another day with Barack Obama as President of the United States, and another media report on how he is going to save us from ourselves.
On NBC's May 14 "Nightly News," NBC identified a new problem facing society: credit card companies that use marketing gimmicks and low interest rates to lure in young borrowers. The solution, of course, is to continue the evolution toward a government that protects the individual womb-to-tomb.
"It is commencement season, which brings to mind all the joys of college graduation, and these days all the debts," "Nightly News" anchor Brian Williams said. "First, the student loans. But so often now, graduates enter the world with awful credit card debt and a chum - a crummy job market. President Obama talked about the problem today, urging Congress to crack down on companies that make the credit cards so enticing to students in the first place."
Instead of performing as an anchor, MSNBC’s Norah O’Donnell became a liberal sparring partner to the Cardinal Newman Society’s Patrick Reilly on the network’s Thursday afternoon programming over President Obama’s upcoming commencement address at the University of Notre Dame. Invoking her Catholic upbringing, she used the common left-wing tactic to equate the Church’s unequivocal teaching against abortion with its skepticism of the death penalty, and asked if former presidents George W. Bush and Ronald Reagan shouldn’t have addressed prior commencements for their support of capital punishment. O’Donnell also inquired as to why Reilly was “advocating a Catholic Church that advocates division” [audio clips from the segment available here].
Before introducing Reilly, the MSNBC anchor began the segment, which started 20 minutes into the 3 pm Eastern hour, by reading recent poll numbers from Quinnipiac University which found that 60% of Catholic voters answered negatively when asked if Notre Dame should disinvite President Obama. She then turned to her guest and asked, “What’s your point? Why are you organizing this protest?” Reilly answered, “The protest has nothing to do with the president in particular. This is a concern that Catholics have had for decades now, that many of our Catholic institutions have lost a sense of Catholic identity, and Catholics are drawing a line in the sand, saying that the Catholic University of Notre Dame ought to be choosing those who it honors based on its Catholic principles and values.”