CNN's Piers Morgan agreed with President Obama's statement that Americans have "been a little bit lazy" in getting foreign investors to come to America, and fellow prime-time host Erin Burnett downplayed the significance of the line on Thursday.
Morgan's take on the quote was that "America has gone a bit soft on its production line," and he vouched for it. Burnett, on the other hand, said the quote was taken out of context and that Obama wasn't hitting workers themselves, but those who were drawing foreign investors to come to America. [Video below the break. Click here for audio.]
In this week's edition of Time (dated October 24), TV writer James Poniewozik championed class warfare in several new TV shows, like the CBS sitcom Two Broke Girls. "[A]fter the 2008 meltdown and the TARP bailouts, after Wall Street bonuses rebounded while mortgages stayed underwater, do Americans still hear class warfare as if it's a bad thing?" He suggested viewers are up for "at least some spirited class fisticuffs."
From there, Poniewozik, like other liberals, launched into an attack on CNN's Erin Burnett for touring the Occupy Wall Street protests with a sneer instead of the usual worshipful media template. (See ABC's Dan Harris championing the yoga area and the grandmother's cookies from Idaho.) TV was of course too slow to start promoting these leftists:
CNN's new prime-time host Erin Burnett pressed Donald Trump about the Republican Party being a "smaller tent party" because of its conservatism on social issues. "Do you have any frustrations that the Republican Party still ends up defining itself by abortion stance or gay marriage?" she asked Trump.
Burnett even quoted rising star Chris Christie, the Republican governor of New Jersey, who said the GOP must return to a "big tent" party status, or one more inclusive of social moderates and liberals. [Video below the break. Click here for audio.]
Republican presidential candidate Jon Huntsman made a bold prediction on CNN's Erin Burnett Outfront Wednesday.
"We've seen in elections past, how one does in New Hampshire, and we're going to win New Hampshire, that always then predicts the future outcome of the race" (video follows with transcript and commentary):
And if you laughed at those remarks, you're a criminal too. Or at the very least, a thought criminal. Yes, you.
Liberal radio host Thom Hartmann is peeved that media outlets such as Fox News and CNN are covering the so-called Occupy Wall Street movement and allegedly interviewing only the most "politically unsophisticated" protesters, after searching all of nanoseconds to find them. (audio after page break)
CNN's newest addition to its prime-time line-up, former CNBC anchor Erin Burnett, told Reliable Sources host Howard Kurtz on Sunday that yes, she would be "more opinionated" at CNN than in the past. Burnett's show, "Out Front," airs for the first time on Monday Oct 3 at 7 p.m. EDT.
Kurtz interviewed Burnett at the bottom of the 11 a.m. hour on Sunday. He asked her "Are you going to be more opinionated, Erin Burnett, then you have been in your previous role as business correspondent?" She answered in the affirmative.
In a discussion with CNBC's Erin Burnett on Tuesday's NBC Today, co-host Matt Lauer was skeptical of Standard and Poor's downgrading of the chances of the U.S. addressing its massive debt and worried: "Is this a kind of a delicate line for the folks at the S & P to walk? Are they venturing into politics here when they should be sticking to fiscal policy?"
What Lauer failed to mention was that he was using the exact line put out by the Obama administration on Monday. At the top of the 8:00AM ET hour of the broadcast, news reader Natalie Morales reported: "The White House is minimizing the significance of the credit rating agency Standard & Poor's decision to downgrade its outlook on U.S. government debt. The Obama administration saying it underscores the need for a bipartisan agreement to reduce the deficit and that the S & P's political judgment should not be given too much weight."
Appearing on Monday's "Today" to discuss the debate over reducing the nation's debt, CNBC host Erin Burnett declared to co-host Matt Lauer: "The problem is our revenue, what the government takes in, in taxes. What you pay every month out of your paycheck is way smaller, in fact, it's only somewhere around $2 trillion a year."
After Lauer asked about the relationship between government spending and the debt, Burnett acknowledged: "They are related, but really, to tackle this issue, we do have to tackle entitlements. When you look at Medicare and Social Security, it's 40% of our budget." However, she quickly denounced Republican attempts to use a raise in the debt ceiling to cut such spending: "Those are the questions we have to answer, but not through playing chicken on the debt ceiling."
CNBC's Erin Burnett made a gaffe on Tuesday's Street Signs as she covered a new app for Apple devices which is aimed to assist Catholics to go to confession. Burnett wondered if the app, which costs $1.99 would bring the Church "back to the age of 'condolences' (sic), those things that Martin Luther so abhorred" [audio available here].
The anchor reported on the app, "Confession: A Roman Catholic App," just before the top of the 3 pm Eastern hour, noting that the new program had received the approval of Church authorities. Burnett gave a brief explanation of the app before making her historical error:
Invited on Tuesday's Today show to discuss the tax cut compromise in Congress, CNBC's Erin Burnett initially whined that "We can't afford it" but then went on to tell viewers that if Congress were to forego tax cuts we could afford "universal pre-school for free and provide free college tuition for half of the college students."
When asked by Today co-host Meredith Vieira about the "price tag" of the tax cut agreement and whether America could afford it, Burnett went on to bluntly assert "The answer to that is no" and then went on to cite a New York Times analysis that listed all the goodies America could pay for if Congress scrapped a tax break to those earning over $250,000 a year, as seen in this exchange from the December 7 Today show:
When it comes to the increasing sex, violence, and profanity in entertainment media, the social libertines are indifferent. They insist that children will hardly be warped or ruined by the media they consume. They chortle at the paranoia of Hollywood critics. Their mantra: If you don't like it, just turn the channel.
But if the issue isn’t indecency, but instead, say, obesity – so many of those titans of “tolerance” suddenly become the censors. Behold San Francisco, the paradise of permissive sexual attitudes. The city council may welcome flowers in your hair, but they have just voted to ban “Happy Meal” toys unless the “happy” menu is low in fat and sodium and includes fruits and vegetables.
Apparently, that villain Ronald McDonald has been leading a Vast Child-Fattening Conspiracy.
Food-filled winter holidays will soon arrive. But the liberal news media have already spent recent days comparing soda to an illegal drug, promoting a toy ban in kid’s Happy Meals, and generally bashing fast food companies for giving customers exactly what they want.
CNBC’s Erin Burnett outdid food police groups on Nov. 8, when she compared soda to cocaine in a segment discussing a “fat tax.” After citing some claims about people being fatter and living shorter lives, Burnett asked a beverage company spokesperson: “Is your industry killing us?”
The Bureau of Labor Statistics released the unemployment numbers for October showing “fantastic” gains of 151,000 jobs, according to MSNBC, and an unchanged 9.6 unemployment rate.
CNN’s Christine Romans called it a “good report,” during “American Morning” and noted that it was the “first time in a very, very long time” enough jobs had been added in one month to keep up with new entrants to the workforce. Estimates of the number of jobs needed per month vary between 100,000 and 200,000.
Erin Burnett, one of CNBC's famed "money honeys," exaggerated the relative strength of the economy Sunday in order to boost the success of President Obama's stimulus plan.
Appearing on NBC's "Meet the Press," Burnett several times characterized this economic recovery as not only far stronger than any of the indicators suggest, but also "faster" than those in the recent past.
"Our recovery started more quickly than after any other recession in the past 25 years," the CNBCer told David Gregory and his panel.
Burnett later elaborated on this preposterous claim as fellow panelist Rich Lowry of the National Review shook his head on screen (video follows with transcript and commentary):
Paul Krugman and Larry Kudlow - not exactly two guys you would associate with one another. However, they are two media figures Washington Post columnist Frank Ahrens thinks should be candidates for the same job.
In his case for Krugman, Ahrens wondered that since Krugman can talk the talk, can he walk the walk as well.
"Outside the academic world, Nobel Prize-winning economist Paul Krugman is best known for his New York Times columns arguing that the $787 billion, debt-busting stimulus bill was not enough, so even moderate Democrats -- not to mention conservatives -- might lose their minds with this pick. But maybe it's time for Krugman to put his money where his mouth is," Ahrens wrote. "You think government needs to spend more to get us out of this funk? Okay, Paul. Here's the key to the car."
OK - it's not really much of a surprise. However, Federal Reserve Chairman Ben Bernanke has responded to the slowing economic recovery with restraint, not tinkering with interest rates and showing a continued willingness to buy mortgage-backed securities and long-term Treasury bonds. And that was roundly applauded by the markets, and CNBC "Mad Money" host Jim Cramer.
"Here's what you need to know about the Fed," Cramer said. "They're not in the way. I'm a Fed-is-friend, Fed-is-foe guy."
On CNBC's Aug. 10 "Street Signs," during his "Stop Trading" segment, Cramer explained that the Fed is acting appropriately and noted it wasn't the Bernanke that was holding the economy back. Who is to blame? It's Congress, according to Cramer, with its complicated health care bill and even more indecipherable financial regulation bill.
The panel of the syndicated "Chris Matthews Show" this weekend campaigned for Hillary Clinton to replace Joe Biden as Vice President in order to assist Barack Obama's re-election in 2012 and set her up for a successful presidential bid in 2016.
As NewsBusters reported Wednesday, Chris Matthews on that evening's "Hardball" had former Virginia governor Doug Wilder and New York magazine's John Heilemann on to discuss the merits of this strategy.
The "Hardball" host must have found this quite compelling, for he decided to do an entire segment on his weekend program with guests Erin Burnett of CNBC, Kelly O'Donnell of NBC, Howard Fineman of Newsweek, and Heilemann.
After playing a clip from Wednesday's "Hardball," as well as a video of Clinton in 2009 saying she'd never run for president again, Matthews and his panel started the campaigning (videos follow with commentary):
On CNBC's June 29 broadcast "Power Lunch," Rep. Paul Kajorski, D-Pa. made a pretty prediction about the Dow Jones Industrial Average (DJIA) should Congress be unable to pass financial regulation legislation. [Video Available Here]
"You know, I wish every one of them would ask the question and also the industry and media, what happens in this country if this bill fails?" Kanjorski said. "Do you think 236 points down on the Dow is surprising? Check 1,000 or 2,000 points if we fail to change the ways that caused this problem."
That caught the attention of CNBC's Erin Burnett, who played the clip for "Mad Money" host Jim Cramer. Cramer blasted Kanjorski and the entire institution of the federal government for being a drag on the markets for a myriad of reasons on his June 29 "Stop Trading" segment of CNBC's "Street Signs."
Reports are surfacing that BP is finally considering a suspension of its shareholder's dividend, but what could have been done differently to avert the public relations nightmare BP is facing? Two CNBC hosts had some ideas about that, and about what could have happened if BP chose not to play ball.
Jim Cramer and Erin Burnett shared their thoughts on the "Stop Trading" segment of "Street Signs" June 11. According to the "Mad Money" host, Obama could have set a foul precedent for multi-national businesses if BP (NYSE:BP) didn't agree to make some concessions on how it is handling its day-to-day operations in the wake of this ecological crisis.
"I think that this is a, a stock that represents great value but you're dealing with the government," Cramer said. "I saw that Nancy Pelosi, she's the second most powerful person in our country, saying that they shouldn't be paying a dividend. I mean, this is one of those situations where I know, the president's approval ratings are down and what you got to do is you got to go after BP if you're the president. I'm not saying I would do it but I'm saying if I were the president of the United States, BP is public enemy number one and you're not even going to listen to what the British say. You just gotta say, ‘Guys, here's the deal, we're not, we're not going to have any dividends here. And just you know, take it or leave it, partner, because this is a company that needs U.S. ball play."
Back during the 2008 presidential campaign, then-Sen. Joe Biden, the Democratic nominee for vice president said it was "patriotic" for people to pay more taxes, in an interview on ABC's "Good Morning America." But what if you don't have to pay more taxes legally?
Biden's reasoning was simplistic - that we all need to "jump in, time to be part of the deal, time to help get America out of the rut." But according to CNBC's Jim Cramer, based on legal precedence, the Internal Revenue Service encourages people to pay as little tax as possible, as long as it is within the boundaries of the seemingly endless U.S. tax code.
"The government has made it very clear in a series of tax rulings since the income tax started - and I learned this at law school - that it is actually well within your patriotic right to try and pay as little tax legally," Cramer said on CNBC's March 12 "Street Signs." "See, tax avoidance is actually part of the IRS - says listen tax avoidance, you can do it. Tax evasion is against the law. Tax avoidance, the IRS has always said listen you have every right to try and have tax avoidance. And believe me, I'm going to take advantage of it."
The Bureau of Labor Statistics released the monthly jobs report on Feb. 5, showing an "unexpected" decline in the overall unemployment rate. But the reactions from two cable news channels were markedly different.
CNN's Allan Chernoff called it "a little bit of good news," even though 20,000 more people lost their jobs in January. He said economists were actually expecting a gain of 15,000 jobs. So that estimate was off by 35,000.
Chernoff also downplayed a massive revision to the total number of jobs lost during the recession, which indicated that things during 2008 and 2009 were much worse than realized.
President Barack Obama encouraged some business interests by mentioning nuclear energy and offshore drilling during his Jan. 27 State of the Union speech. Those less popular energy solutions joined the usual alternative rhetoric of wind, solar and bio-fuels.
But on CNBC's Jan. 28 "Street Signs," Jim Cramer, host of CNBC's "Mad Money" noted something was missing - an important onshore energy source, natural gas. And as for the nuclear energy signals - he wasn't convinced Obama was serious.
"I mean, I want to point out I thought the nuke thing was just the boilerplate nuke," Cramer said. "[Energy Secretary Steven] Chu is a research director, the Energy Secretary, really is more of a professor. Offshore oil and gas, the issue is onshore. Natural gas wasn't mentioned, got to be really careful about that."
The Daily Beast’s Tina Brown targeted Rush Limbaugh for ruining 2009, particularly after Obama’s inauguration, on Thursday’s Today show on NBC, blaming him for the “big discord and toxic atmosphere in politics,” and likened him to the “the bad fairy at Sleeping Beauty’s christening” for uttering his famous words about the President, “I hope he fails” [audio clip available here].
Brown slammed the talk show host just hours after he was hospitalized for chest pains. The British-born journalist appeared with commentator Nancy Giles and comedian Andy Borowitz nine minutes into the 8 am Eastern hour for a panel discussion on the past year. Substitute anchor Erin Burnett turned to Brown first and asked, “What do you think was the most important moment of 2009?”
Brown unsurprisingly chose the Obama inauguration, and after gushing over the moment, set her sights on Limbaugh:
MSNBC.com’s Steve Adubato went so far to compare Sarah Palin’s notoriety to a reality show during a segment on Wednesday’s Today show on NBC. Adubato acted as an apologist for Levi Johnston’s move to open his child custody dispute with Bristol Palin: “Sarah Palin’s reality show that she’s been on for the past couple years...It has an impact on this baby as well....and it’s not good for the kid either.”
The MSNBC.com “media analyst” and former Democratic politician appeared with former prosecutor Wendy Murphy just after the bottom of the 7 am Eastern hour for a panel discussion about the Johnston-Palin custody case. After asking Murphy about Johnston’s move to open the case, substitute anchor Erin Burnett turned to Adubato for his take. “Steve, what’s your point of view? I mean, it’s pretty clear he [Johnston] wants it open because he sort of wants to build his brand and his name and a reality TV career but that’s a high standard. I mean, why should they allow it to be open?”
Adubato almost immediately set his sights on Sarah Palin and her apparent role in the custody dispute: “Listen, Sarah Palin is a major figure in this...she’s said things about this kid. The daughter Bristol has said things about this kid. Here’s the problem: you can’t have it both ways. You can’t be Sarah Palin, use your public platform to trash this kid in certain cases, and then say- you know, for the right of the kid , who’s one, let’s make sure that we keep it private....I understand this kid’s smart enough- his lawyers are smart enough to take advantage of the fact that they’ve trashed him publicly. It’s his only platform.”
It's a good thing New York Times columnist Thomas Friedman wasn't a used car salesman because CNBC "Squawk on the Street" co-host Mark Haines would have driven off the lot in a lemon.
Friedman appeared on the Dec. 14 broadcast of "Squawk on the Street" to promote the paperback release of his book, "Hot, Flat, and Crowded." And once again, he made the case the United States is lagging behind in green technology and the only way to overcome this innovation gap is to set some sort of premium on the price of using carbon-based energy sources, as he meticulously argued in his book.
Friedman insisted it will take action by the government to impose these premiums and to grant some sort of long-term subsidy to stimulate this innovation. Haines, showing he was sold on Friedman's premise, expressed his doubt this could ever be set in motion.
Here we go again. We've already seen how ineffective the previous $787-billion stimulus Congress and the President forced through earlier this year has been with curbing unemployment, as it has raced into double-digits over the previous months. But will there be an effort to force through another one?
"John, what would you say, I don't know, the chances of some sort of an additional jobs stimulus - however you'd like to characterize that, or whatever form it would take or price tag it might have ?" Burnett asked.
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."
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.