ABC's Diane Sawyer missed a prime opportunity to try to pin down former Secretary of State Hillary Clinton on a major economic issue -- whether or not to approve the Keystone XL pipeline -- CNBC senior contributor Larry Kudlow noted in an interview with Brian Wilson and Larry O'Connor on WMAL radio's June 10 edition of Mornings on the Mall. [listen to the full interview by clicking play on the embed below the page break]
"I want to know what her positions are on a variety of issues... For example, I want to know what her position is on Keystone," Kudlow insisted, noting that "her department has signed off three times on Keystone" while she personally "has not said a word about it." What's more, Kudlow noted, a new study published by the Obama-Kerry State Department found that:
The liberal media are not really "up in arms" with the Obama administration, but are simply having a "lover's quarrel" over the AP scandal in particular, NewsBusters publisher Brent Bozell told CNBC host Larry Kudlow on his May 16 The Kudlow Report program.
What's more, it won't be that long until "[t]he Bill Clinton syndrome is going to be upon us, where it's time to move on, we've covered it [the media will say] and they're going to turn the fire right on Republicans as being obstructionists. Mark my word," the Media Research Center founder predicted. [watch the full segment below the page break]
"If you're going to say that a known conservative entity like the Koch brothers should not be getting into the business of dictating what a news operation should do, what does that tell you about Warren Buffett," or the Sulzburger or Graham families behind the New York Times and Washington Post respectively, Brent Bozell argued on the April 30 edition of CNBC's Kudlow Report. Bozell also noted the vast sums of money leftist billionaire George Soros pumps into media outlets, while the liberal media raise no concerns about him somehow corrupting journalism with ideological influence.
The NewsBusters publisher and Media Research Center founder was on the program opposite Steven Pearlstein of the Washington Post, who last week offered up an uncharacteristically blustery column -- headlined "How the L.A. Times can stop the Kochs" -- in which Pearlstein coached Times reporters to threaten to quite en masse rather than work for libertarian publishers. [To watch the full segment, click play on the embedded video below the page break]
The media don't care about the fact the the sequester was President Obama's idea in the first place, NewsBusters publisher Brent Bozell noted on the February 20 edition of CNBC's Kudlow Report. What's more, the media certainly don't care that the sequester will impose a mere two percent reduction in federal spending, hardly a "meat cleaver" approach to reducing spending.
The media are "beyond redemption" on the issue, so it's up to the Republican Party to directly make their case to the American people, the Media Research Center founder insisted during a panel segment with liberal economist Jared Bernstein and conservative former New York congresswoman Nan Hayworth (R). "What the Republican Party should be saying to Mr. and Mrs. America is this is an out-of-control government and they can't even cut two percent without claiming that the world is going to come to an end.... This should be a no-brainer." [To watch the full segment, click play on the video embedded below the page break]
MRC Vice President for Business and Culture Dan Gainor appeared on CNBC's Kudlow Report on January 28, to discuss Steve Kroft's "60 Minutes" interview with President Barack Obama and Secretary of State Hillary Clinton.
Kudlow asked Gainor to comment on the interview. He told Kudlow, "I did a tally and there were 15 questions, and 11 of them were complete and utter softballs. I wrote a piece for Fox and said that if CBS had a team, they should sign him. And the four tougher questions, two of them were very quick about Hillary's health, and he really didn't press her on that, and then two nominal questions where he really let Obama get away with just awful claims including that things had gone well in Egypt.
"We've got Morsi there coming out--we've found out that he's bigoted and anti-Semitic. We, now we're sending him jets. The Arab Spring has been a disaster, we didn't talk about Iran, we didn't talk about expansionist plans from China. I mean, it was like he didn't read the international page before he asked his questions," Gainor said.
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):
At the very least the timing of ABC News's interview with Gingrich ex-wife Marianne Gingrich is suspect. At the very worst, it is completely inappropriate if it failed to be newsworthy and respectful, NewsBusters publisher Brent Bozell told CNBC's Larry Kudlow on his January 19 Kudlow Report.
"In some respects, aren't they obliged to get it out as fast as they can," Kudlow countered, adding that maybe by putting it out the night of the debate, "it actually lessens the impact and significance of the interview." [see video embedded below page break; see related Bozell statement here]
The potentially historic midterm elections are a week away and left-wing voices are getting more shrill and paranoid than ever before.
On CNBC’s Oct. 26 “The Call,” left-wing talker and frequent MSNBC guest Mike Papantonio went on a nearly six-minute conspiratorial, anti-corporation, anti-conservative candidate rant suggesting GOP U.S. Senate hopeful Sharron Angle was raising secret money from the Chinese government in order to help them ship American jobs overseas.
With what appears to be a devastating election looming for his party, is President Obama attempting to follow in the footsteps of one of his predecessors and moderate toward the center?
Not if choosing Pete Rouse to replace chief of staff Rahm Emanuel is any indication, according to CNBC’s Larry Kudlow. On the Oct. 1 broadcast of “The Call,” CNBC Washington correspondent John Harwood predicted Treasury Secretary Timothy Geithner wasn’t going anywhere, but Obama would take a pro-business tack with the leadership of Department of Commerce. However, Kudlow, citing a “deep political insider,” had a different forecast.
“The Commerce thing is a great idea and you're probably going to be right, but I know that you don't hear this,” Kudlow said. “But I had dinner last night with a deep political insider who told me that Michael Bloomberg is the next Treasury secretary. I heard that. All I'll say is this is a serious insider who said the deal has been done and that Bloomberg is the next Treasury secretary.”
“Tonight, free-market capitalism on the comeback trail,” Kudlow said on his Sept. 15 program. “That is one of the messages of the Tea Party power. We saw a lot of that power last night in the primaries. I tell you what folks, that Tea Party power, that free-market capitalist power is so totally bullish for the stock market.”
The Media Research Center isn't the only ones out there telling folks to be wary of the media and its coverage of the Tea Party movement.
On his Sept. 15 broadcast, Larry Kudlow, host of CNBC's "The Kudlow Report," hit that point. Referring to "Tea Party" primary win in Delaware, New York and New Hampshire, Kudlow explained that this shift to the right was a net-positive for the economy.
"Tonight, free-market capitalism on the comeback trail," Kudlow said. "That is one of the messages of the Tea Party power. We saw a lot of that power last night in the primaries. I tell you what folks, that Tea Party power, that free-market capitalist power is so totally bullish for the stock market."
Kudlow advised his viewers to be skeptical of the media, which has covered the Tea Party movement and their candidates very critically, even sometimes disparagingly. He cited the "Contract FROM America," a document put forth by various conservative organizations calling on elected leaders and political candidates to stand on a number of conservative principles.
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."
Gold has been a highly valued commodity going at least as far back as the ancient Egyptian culture in 2600 BC. But now, with economic instability and uncertainty over the health of major global currencies, the demand for gold has risen as a store of value and a hedge against inflation.
Over the past 12 months, the price of gold has gone up dramatically - up 25 percent from July 2009 (from $929 per ounce to $1,163 per ounce, after reaching a high of $1,250 per ounce). That has outperformed the Dow Jones Industrial Average (DJIA) on a percentage basis.
While some on the left side of the aisle in Congress are getting all starry-eyed about prospects of more federal stimulus spending, the first round of stimulus under President Barack Obama may have done even less to help the ailing economy than supporters claim.
On MSNBC's July 9 broadcast of "The Daily Rundown," co-hosts Chuck Todd and Savannah Guthrie interviewed CNBC "Closing Bell" anchor Maria Bartiromo from the Aspen Ideas Festival in Aspen, Colo. And Bartiromo offered her views why the economy didn't spiral out of control any more than it did. She said according to some on Wall Street, it wasn't Obama's $787-billion "stimulus" that included a huge bulk of state government bailout spending, but instead action by the Federal Reserve to put more liquidity in the economy.
"Look, there's no doubt about it - we were close to going off a cliff the weekend at Lehman Brothers declared bankruptcy, Merrill [Lynch] was sold and AIG acquired by government," Bartiromo said. "You know, I mean I think we were very close and the economy needed stimulus in a big way. It's arguable whether that stimulus that helped the economy was really because of the stimulus plan or really because of the Federal Reserve. I think most people on Wall Street will believe and will tell you that it was really the Fed action in terms of giving greater access to the banks to overnight lending that really, really got us out."
It's hard to imagine an economist being provocative, but Paul Krugman, a Nobel Prize winner, has managed to do so.
In his June 28 New York Times op-ed, Krugman argued that since governments around the world aren't willing to double-down on Keynesian policies meant to stimulate the global economy, the United States and the rest of the world are facing a third depression. But on CNBC's June 28 "The Kudlow Report," host Larry Kudlow asked if Krugman's premise were true, how come none of the measures being applied, which Krugman advocates more of, have failed to have any effect on the current economy.
"Steve Forbes, I want to focus this, coming out of G-20," Kudlow said. "Paul Krugman's remarkable op-ed today in The New York Times - he says, we are already in the early stages of a depression. He calls it the third depression in U.S. history. He says that it's primarily a failure of policy. But, Steve, the so-called spending cuts or tax increases or deficit reduction hasn't happened yet. In the last two years, we've had gargantuan spending and ultra-easy money which is what Professor Krugman has been advocating the whole time. And he still thinks we're in a depression. So I need to ask you, maybe his policies are what threaten the depression."
"Well, you know, it's all about, in my opinion, definition and choice," Santelli said. "Definition, I don't disagree with our guest, Richard [DeKaser, president of Woodley Park Research], about stimulus, but I haven't seen any stimulus. I've seen a lot of spending. And in terms of choice, austerity isn't something people are going to volunteer for. The creditors are going to force it on them. I think these issues are much different than we're selling them. You know, we don't have a new Hoover Dam. We don't have a new electric grid. We paid a bunch of salaries and benefits and extension benefits, unemployment with a lot of that money that you save jobs because you paid teachers because states couldn't afford it I don't think any of that really falls under a definition of stimulus."
With the federal government - both on Capitol Hill and in the White House - beginning to take investigative and punitive action against BP (NYSE:BP), the future of the company, at least in the United States, is in peril.
On CNBC's June 14 "The Kudlow Report," John Kilduff, a CNBC contributor and the vice president of MF Global was asked by host Larry Kudlow about a potential debarment from eligibility to be awarded government contracts, which have been very lucrative for the embattled oil giant.
"John, this would effectively be debarment," Kudlow said. "This is something we talked about a week ago, and the prevailing attitude was there would not be debarment because that hardly ever happens in American commercial history. Is President Obama having this as a Sword of Damocles over BP?"
While a vote on health care reform legislation appears to be imminent, should it pass it could have broader economic implications, even if the bill itself won't take effect for some time.
As CNBC "Mad Money" host Jim Cramer predicted - if it passes, get ready to see a sell-off on Wall Street. Cramer appeared on CNBC's March 18 "The Kudlow Report," with his former broadcast partner Larry Kudlow. Kudlow asked Cramer to elaborate on his theory ObamaCare could send the financial markets reeling or "topple the stock market," as Kudlow described it.
"First, it is the single biggest impediment to the stock market going higher," Cramer said. "And a lot of this has to do with what's not being talked about enough with how it's going to be paid and also about what it will do to small business formation. This bill is a disaster for both."
We don’t yet know the outcome of the Jan. 19 Massachusetts Senate special election. But the very fact that the Democrats could lose the seat formerly held by Sen. Ted Kennedy to a conservative who’s made blocking healthcare reform a centerpiece of his campaign, has liberals sputtering implausible explanations.
On Jan. 19, former Vermont Gov. Howard Dean and liberal radio host Nancy Skinner appeared on CNBC with Larry Kudlow to discuss the ramifications of the election for healthcare. Both suggested that Democrat Martha Coakley was in danger of losing to Scott Brown is because Democrats hadn’t been liberal enough on health care.
Although he predicted Coakley would hold Brown off, Dean said, “Let me agree with something Larry said (far be it from me to ever do such a thing). But I do think this is clarity – about clarity of message and I think the Democrats haven’t had a clear message.”
The problem, from Dean’s perspective, was that compromise had watered down and complicated the health care bill. “Look at what we’ve done. We’ve passed this health care bill, which has, you know, just been a very messy, ugly process – or we’re about to pass a health care bill,” he said, predicting it would pass with or without a Coakley victory. “The best way to [have a bill that works and can refute GOP arguments] was to pass an extension of Medicare to people below 65. Everybody knows what Medicare is, it’s easy to understand, you don’t have to make deals with the health insurance industry. So this is about clarity of message, and Scott Brown has a clear message and the Democrats don’t.”
It hasn't been in the limelight recently, but it is coming. According to CNBC contributor John Kilduff of Round Earth Capital, we will soon see the price of reach $100 per barrel.
On CNBC's Jan. 11 "The Kudlow Report," host Larry Kudlow asked Kilduff what it would take for the Obama's administration to change its energy policy to allow for more oil exploration and drilling.
"Oil is hitting a 15-month high at $83 a barrel and it was $30 about a year ago," Kudlow said. "So, Interior Secretary Ken Salazar rules drilling of oil and gas out of bounds for federal lands. No drilling. So, how high does it go before we go back to drill, drill, drill?"
Given the well documented "revolving door" between the media and the Democratic Party (particularly the Obama administration), it's hardly surprising that MSNBC "The Ed Show" host Ed Schultz has been approached about a run for the Senate from North Dakota. But it's still hard to swallow the left's hypocrisy concerning who can make the jump from journalism to politics.
"After talking over how he arrived at this decision to retire, he did ask me one question," Schultz said. "That was, how old am I. I thought, uh oh, here we go. Then, this morning, I got a phone call from a good friend, Merle Boucher. Merle is the House Democratic leader in North Dakota. He officially asked me to consider to run for the U.S. Senate seat in North Dakota. All right. I'm flattered and I'm honored and I can't say I'm even considering it right now. I've worked, as many people know, very hard to get where I am in my career. To go from Fargo to 30 Rock is a dream come true for any broadcaster. I've invested a lot of years, a lot of time and effort, as an opportunity to use the microphone to advocate for the middle class in this country." [Emphasis added]
If you believe polls, current Federal Reserve Chairman Ben Bernanke favorability has been slipping. A recent Rasmussen Reports poll indicates that only 21 percent of Americans favor his reappointment as the Fed chair.
And this hasn't gone unnoticed by some members of the Senate, where Bernanke's fate lies. Bernanke's reconfirmation passed through the Senate Banking Committee by a 16-to-7 vote on Dec. 17. But that margin calls into question how his reconfirmation vote on the Senate floor could go. And as CNBC "The Kudlow Report" host Larry Kudlow warned, that puts his reconfirmation in question.
"Look, ‘Helicopter' Ben passed the Senate Banking Committee vote on his reconfirmation," Kudlow said on his Dec. 17 program. "He got 16-to-7, but he lost seven votes. I think all the Republicans except Sen. Bob Corker voted against Bernanke, and they were joined by one Democrat, Sen. Jeff Merkley of Oregon. Now the reconfirmation goes to the floor of the Senate. So, I think Bernanke's reconfirmation could be in some trouble when that Senate vote occurs. I'm going to bet that most, if not all, of the 40 Republicans are going to vote against Bernanke and that they are going to be joined by a number of Democrats."
But it is also something that some in the financial media are reluctant to support, especially judging from the tone of CNBC "The Call" co-host Trish Regan and comments CNBC senior economics reporter Steve Liesman. On the Nov. 20 broadcast of "The Call," CME Group reporter Rick Santelli made the case that Federal Reserve should be audited. He cited opposition to the Fed audit proposal from Sen. Judd Gregg, R-N.H., which was based on Congress' inability to be fiscally responsible.
"He said, ‘You know, there independence is important to protect the soundness of the dollar,'" Santelli said. "Has he read any papers lately or looked at any charts? Come on. Amen, amen that this process is happening. They're not taking away their independence to make a decision on interest rates. We need to know where the money is going. I remember when Ben Bernanke faced committees of elected officials and said, ‘We can't audit the Fed because then you might look unfavorably on some of the counterparties we deal with. That's like finding paraphernalia under your kids bed and then not asking where he got it."
One of the issues debated among a panel consisting of Dobbs, host Larry Kudlow, former Clinton Secretary of Labor Robert Reich and CNBC CME Group reporter Rick Santelli on Nov. 19 was the issue of wage stagnation - which Dobbs blamed on outsourcing, immigration policy and technological advancement.
"I believe that the issue of unemployment in this country and job creation fundamentally will have to be taken on as a matter of government policy," Dobbs said. "It will also have to be taken on as a matter of business leadership. As to the idea that wages have been stagnant in this country for 35 year, point of fact, we have to understand what the causes are."
There's a lot of uncertainty with the U.S. economy and a lot of its recovery hinges on some key policy decisions due from the federal government.
On CNBC's Nov. 2 "The Kudlow Report," CNBC host Maria Bartiromo discussed her interview with former Chairman of the Federal Reserve and Obama adviser Paul Volcker from the Global Financial Leadership Conference in Naples, Fla. One of the topics Bartiromo reported on from the conference was the possibility the Bush tax cuts would be allowed to expire, which she insisted is unlikely.
Now that the Obama administration is attempting to take a victory lap on the U.S. economic recovery, claiming the $787-billion stimulus passed earlier this year was what did the trick, despite a cost of $160,000 per 'stimulus' job, as ABC's Jake Tapper pointed out, it has come at the cost of the U.S. dollar.
Since then, the stock market has rebounded nicely. The Dow Jones Industrial Average (DJIA) is off a March low of 6,547 points, even topping the 10,000-mark recently. But what has caused this nearly 50-percent jump? According to CNBC's Larry Kudlow - loose monetary policy by the Federal Reserve, with low interest rates, has made it possible for the markets to rise, with the 'loose' money going into the market.
"The funny thing is, Steven, it has gone into stocks - I mean the stock market guys ... there's no real multiplier for the economy, right?" Kudlow said on his Oct. 30 CNBC program. "But it has gone into stocks and the stock market crowd wants to see the Fed to keep pouring the money in no matter what happens to the U.S. dollar."
Kudlow, referring to the Oct. 26 broadcast of MSNBC's "The Ed Show," which featured Rep. Barney Frank, perennial presidential candidate Ralph Nader and the host Ed Schultz, noted all the participants were left-of-center. And in the appearance, Frank made a pitch for the expanded role of government and argued the only reason people opposed it was because they were disillusioned by the government for its failures during the Bush administration, specifically dealing with Hurricane Katrina.
While none of the other cable networks experienced any technical delays leading into Rep. Charles Boustany, R-La., CNBC - the business arm of NBC Universal's cable empire didn't quite get there on time.
Boustany was cheated out of a little over a minute and a half giving his response on CNBC. However, its sister network - MSNBC, and the major cable networks caught up with the Republican response to President Barack Obama's Sept. 9 speech to a joint session of Congress.
Instead, viewers were treated to "The Kudlow Report" host Larry Kudlow and CNBC Washington correspondent John Harwood, reflecting on the president's speech. It is worth noting that Harwood earlier this week called parents that were opponents of the president's Sept. 8 school address weren't "smart enough" to raise their kids.
It's one of the few times one can wish the reporting by NBC News was right and CNBC was wrong.
A segment on the July 21 "NBC Nightly News" pointed out some of the key points of a budget deal reached between California Gov. Arnold Schwarzenegger and leaders of the state legislature. The deal means some service cuts - but also includes the possibility of exploration and drilling for oil off the California coast.
"California is our biggest state in terms of population and it long ago ran out of money," "Nightly News" anchor Brian Williams said. "They got nothing to pay the vendors they owe and now they have struck a deal for more cuts, and these are going to hurt. They're going to allow offshore drilling for the money it will bring in. The LA Times reports tens of thousands of seniors and children would lose access to health care. Prisoners will spend less time in prison. And the governor is going to sell cars and furniture and office supplies and autograph some of it, he says, to raise more money. It's an unbelievable turn of events."