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.
On the soon-to-be canceled ‘It’s the Economy’ program on MSNBC on Thursday, co-host Contessa Brewer grilled Republican New Hampshire Senator Judd Gregg on his calls to reduce out-of-control government spending: “Which programs are you willing to cut? Are you willing to tell schools, no money for you?” Gregg shot back: “What an absurd statement to make. And what a dishonest statement to make.”
Gregg called out Brewer for her unfair framing of the issue: “...nobody’s saying no money for schools....On its face you’re being fundamentally dishonest when you make that type of statement.” He went to explain the kinds of budget cuts he would make: “I would freeze discretionary spending, a real freeze, not a – not a freeze plus inflation. I would eliminate the T.A.R.P. money....I would end the stimulus spending effective in June of this year, if not sooner....reform our entitlement programs....I’ve made very specific proposals and I’m willing to stand by them.”
Gregg was far from finished, he described the big government mentality shared by the Obama administration and the liberal media: “The problem is that this administration’s view of governance is that economic prosperity is created by growing the government dramatically. And then it gets misrepresented by people like yourself who say they’re going to – that if you do any of this stuff you’re going to end up not funding education.”
Lately there's has been an anti-Wall Street sentiment, propagated by the media that has become exacerbated as the Dow Jones Industrial Average (DJIA) hit 10,000 Oct. 14.
On CNBC's Oct. 15 "Street Signs," Jim Cramer, host of "Mad Money," was asked by fill-in host Melissa Francis what he thought about the outrage over Wall Street hitting its stride, while unemployment continues to rise.
"What did you think about [Morgan Stanley CEO] John Mack's answer to the big question of the day, which is the divergence between Main Street and Wall Street?" Francis asked. "We see Dow 10,000 - bonuses are back at the same time Main Street is in a shambles."
Cramer took a different and unexpected tact by explaining he was a Spartacist, one who believed in a Communism in his youth. But during that time in his life, he said he became very familiar with the teachings of Vladimir Lenin.
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):
Last year, banks were “too big to fail” and were arm twisted into taking a federal bailout. Now that many of them have repaid the TARP money, the media deems their profits to be a betrayal of the taxpayers.
NBC “Today” host Meredith Vieira began the segment on Goldman Sachs by pitting the average American against the big companies, “While you may be struggling financially these days, happy days appear to be here again for some companies on wall street, and now they are getting set to pay out some big bonuses.”
Correspondent Melissa Francis also continued this storyline in her report. “With the nation’s unemployment rate moving closer to ten percent, a housing market still plagued by foreclosures and households struggling to make ends meet, it might be hard for most Americans to believe that it’s back to business as usual on Wall Street,” she said.
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.
At the top of Tuesday’s 2:00PM EST hour on MSNBC, co-anchors Contessa Brewer and Melissa Francis spoke with Reuters correspondent Jon Decker about a speech by Republican Party Chairman Michael Steele on the future of the GOP, with Brewer citing Democratic reaction: "Here's the Democratic National Committee's response to Steele: ‘The test of the sincerity of the Chairman's words will be if he and otherGOP leaders stand up to the fringe elements of their party and whether they tell the polarizing faces of the past, including Cheney, Gingrich, and Limbaugh, to stand aside. Unfortunately, they have shown no willingness to do so.’"
In response to the DNC talking points, Decker argued that Steele would have to turn to moderate Republicans: "Michael Steele will have to recruit candidates thatmay not be the typical type of Republican that we've seen in the past few election cycles, the hard right social conservative Republicans. He's going to have to perhaps look to some moderate Republicans, some of the people who have left the party, who have been defeated over the past few election cycles, if he wants to try to be a majority party once again."
At that point, Francis wondered if the GOP should allow the more conservative members of the party to be "crushed" by Obama: "...but in some sense, doesn't it make sense to put a lot of the old faces out there right now? Because almost anybody is going to get crushed in the undertow of President Obama's popularity. So why not make the sacrificial lamb, you know, some of the people that, you know, are part of the old Republican Party, and just let them get crushed for now. Can you see that strategy at all?"
On CNBC's April 24 "The Call," Santelli expressed his frustration with an overreaction by the government to solve the financial crisis when Kudlow asked him about the expansion of bailout obligations from the original TARP bailout price tag $750 billion to the $3 trillion.
"Listen - I'm glad I didn't say that, I'm glad I didn't say all that," Santelli said. "Do I disagree with it? Probably not. But, I'll take it a step farther - in the beginning, whether it was the commercial paper program, there was a need just like babies have a need for milk. But I don't need to drink a couple of gallons anymore."
"Listen, I think the government should stay out," Santelli said to Kudlow about the banking system. "I mean, look at the last plan where we put that money in there. There was talk about obviously the preferred shares and the dividend payments and paying it back, and now that's under review. You know, so we're revising the last plan. We're throwing more money in."
The resolution, according to Santelli, would be to protect the depositors, but let the institutions fail.
On Thursday's "Today" show NBC reporters offered little skepticism of Barack Obama's dictations to corporate America, instead buttressing Obama soundbites with sloganeering as, Meredith Vieira declared, "President Obama lashing outat Wall Street and clamping down on corporate fat cats," and Savannah Guthrie underlined, "The President bashed Wall Street," and "took a shot across the bow." The "Today" show then brought on CNBC'ers Melissa Francis and Dylan Ratigan to discuss Obama's capping of executive pay at $500,000, to which they both agreed, "it didn't go far enough." "Today" anchor, millionaire and world traveler, Matt Lauer himself lectured: "Can the culture of Wall Street be changed? Let, let's just be clear here. Private jets, perks, lavish trips gone. Is it ever, are they ever gonna come back?" But when Ratigan tried to use the ratings performance of the "Today" show to make a point, Lauer jokingly, but quickly, cut him off as seen in the following exchange:
MATT LAUER: Just going back to the beginning. We talk about $500,000 for these corporate CEOs. Let's just be clear-
DYLAN RATIGAN: It's a ton of money.
LAUER: That's a lot of money. It's a lot of money-
MELISSA FRANCIS: Yeah.
LAUER: -for the average person waiting on tables and...
RATIGAN: Not to mention if you, if you ran your, if, if this show had, has, ratings went to zero-
You've got to love brutal honesty, especially when it comes from the financial media.
The Senate's version of a bailout bill, which passed last night by a margin of 74-25, included "sweeteners" - or obscure tax breaks - including benefits for the manufacturer of wooden arrows used in children's toys and another for litigants in the 1989 Exxon Valdez oil spill.