If you're a believer in the Larry Kudlow creed, that "free-market capitalism is the best path to prosperity," then look out, because George Soros is going to make you cringe.
A May 13 USA Today article by David J. Lynch profiled the Hungarian billionaire who said he sees traditional free market theory as "flawed."
"Of course, real life never matches up exactly with the theory's assumptions. But they represent, economists say, a useful way of making sense of a complex world," Lynch wrote.
"To Soros, the conventional approach is rubbish. Instead of a world of near-identical actors, coolly assessing their economic interests and acting with clear-eyed precision, he sees a world (and markets) governed by passion, bias and self-reinforcing errors," Lynch wrote. "Because fallible human beings are both involved in, and trying to make sense of, this world, they inevitably make mistakes. Those mistakes then feed on themselves in ‘reflexive' ways that, when taken to extremes, result in situations such as the now-deflating U.S. housing bubble."












The Associated Press today wins first place for the most misleading headline in the MSM by saying that a study shows that Jon Stewart's Comedy Central "The Daily Show" show is somehow "a lot like" Bill O'Reilly's "The O'Reilly Factor." The Thursday May 8 report is flippantly headlined,
"I am not responsible" says Barbara Walters on Rosie O’Donnell’s extremist remarks on "The View." Appearing on the May 7 "O’Reilly Factor," host Bill O’Reilly brought up Rosie’s most controversial remarks, notably
Joy Behar claims Bill O’Reilly’s concerns over the enormous financial cost of Hillary Clinton’s universal healthcare plan is "untrue" and "he just keeps saying it over and over as if it’s true," implying that O’Reilly is lying. This from the same woman who frequently airs
Friday's The O'Reilly Factor on FNC gave attention to revelations which first surfaced last February that employees of some Planned Parenthood clinics expressed a willingness to accept donations from callers who expressed the blatantly racist motivation of wanting to see more black children aborted, with a couple of the Planned Parenthood employees even seeming to express agreement with the racist statements. O'Reilly interviewed conservative talk radio host Laura Ingraham about the attention she has given to the issue on her show, and played a clip of one of the phone calls. (Transcript follows)
So much for the alleged conservative conglomerate media. Broadcasting & Cable magazine reports leftist actor Tim Robbins drew a standing ovation last week before the National Association of Broadcasters convention in Las Vegas for attacking the corporate media for distracting the country from real (liberal) issues with Britney and Hasselhoff stories. But Robbins also sneered that "talk radio geniuses" like Rush Limbaugh and Bill O’Reilly called him a "traitor" for opposing the Iraq war, and now he "stands chastened" as everything in Iraq is a utopia of democracy and prosperity. The magazine did not note that in April 2003, ABC touted Robbins claiming a McCarthyesque "chill wind" of censorship was blowing across America.
Eric Alterman was the latest in a long conga line of liberal authors plugging their books on Comedy Central’s The Colbert Report on Monday night. He began by confusing the audience about God. Liberals refuse to take orders from God (since he doesn’t exist, or isn’t important enough to take orders from) or the Fatherland (conservatives-are-Nazis jokes always work with the stilted studio audience). But in the next breath, Alterman was claiming Jesus for the liberal side:
Since the Rev. Jeremiah Wright revelations first shook the Obama campaign, one of America's so-called foremost civil rights leaders has been conspicuously silent about the subject.
In the
"The opening of a trapdoor and the sudden snap of a hangman's noose at dawn yesterday brought an extraordinary end to a political era in Iraq." -- Opening line from The Guardian's
In the past couple of months, two journalists -- the Golf Channel's Kelly Tilghman and Fox News's Bill O'Reilly -- have gotten themselves in trouble for making a seemingly innocent remark that involved the word "lynch."
On Thursday's The O'Reilly Factor, FNC analyst Karl Rove quoted an AP story by Christopher Wills from September 18, 2004, which had reported not only that Barack Obama had previously been open to a U.S. troop increase in Iraq when he was running for Senate, but had warned against a premature troop withdrawal as a "slap in the face to the troops fighting there" which could make Iraq "an extraordinary hotbed of terrorist activity." (Transcripts follow)
Time magazine’s