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]
CNBC's Lawrence Kudlow on Sunday gave Fareed Zakaria a much-needed education on Barack Obama's energy policies.
When the host of CNN's Fareed Zakaria GPS claimed the president deserved credit for the coming "shale revolution," Kudlow smartly replied, "He's giving none of the permits...He's a green energy guy. He's a Solyndra guy and he completely missed the boat on all of that stuff" (video follows with transcript and commentary):
Former Clinton Labor Secretary and current Obama economic advisor Robert Reich was laughed at Friday for claiming "the stimulus package is the thing that is actually keeping the economy up, keeping people employed."
In a discussion on CNBC about the larger than expected September job losses reported Friday by the Labor Department, Reich was explaining to hosts Melissa Francis and Lawrence Kudlow how things would be much worse if not for the stimulus package.
He also implied that things won't get better until healthcare is reformed.
In the middle of this absolutely absurd statement, Francis and Kudlow appeared to look at each other with the former breaking out into laughter and the latter doing his best to hold it back (video embedded below the fold):
It seems the media know why the stock market declined recent. Some journalists are blaming this recent correction in the stock market on widespread credit problems and point to troubles in the housing market as evidence.
“[B]ut nothing is likely to unsettle the markets as much as more credit woes,” said NBC News correspondent Pat Dawson on the July 29 “NBC Nightly News.” “Any additional problems with mortgage defaults or companies trying to borrow and coming up short is likely to send investors running for the exits again.”