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February 12, 2012
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Home » Economy » Budget
  • Entire Chris Matthews Panel Says New JFK Sex Revelations Are Totally Irrelevant
  • Santorum Nomination ‘Completely Terrifies’ Economist Magazine’s Economics Editor
  • Evan Thomas and Chris Matthews: Jackie and Serial Adulterer JFK Had a 'Good' and 'Full' Marriage
  • Bozell Column: Another Fleeting Failure for NBC
  • Martin Bashir Implies GOP Too Racist to Have Marco Rubio as VP Candidate
  • Barbara Walters, Shameless Hypocrite: Hits Kennedy Mistress for Greed, Tells Her She Should Have Stayed Quiet
  • NY Times Writers Rush to Obama's Defense Like It's Their Job
  • Rachel Maddow Trumpets Inane 'Amish Bus Driver' Analogy for Obama Contraception Rule

Earmarks

Krugman Calls for Higher Taxes Than Under Clinton

By Noel Sheppard | November 28, 2011 | 00:42

You knew this was coming.

Nobel laureate Paul Krugman - might he finally be realizing that our budget deficits can't possibly be solved by just eliminating the Bush tax cuts? - is now calling for marginal rates even higher than when Bill Clinton was in office:

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Solyndra Not the Only Company to Benefit from Democratic Ties

By Rusty Weiss | September 03, 2011 | 23:58

The California solar company, Solyndra, heralded by the Obama administration as a prime example of how the Recovery Act created new jobs while promoting his vision of renewable energy, is closing their doors.  Just over a year ago, Obama himself spoke at the facility, praising it as “a testament to American ingenuity and dynamism.”  Once a beacon of solar light in the progressive green jobs agenda, Solyndra had received a $535 million federal loan with the help of newly minted energy secretary, Steven Chu, only to find themselves staring down bankruptcy and the release of more than 1,100 workers. 

Lying within that massive federal loan was a number of sub-awards to other vendors, 40 payments of which were greater than $25,000 each.  The largest sub-award went to another administration favorite, CH2M Hill, to the tune of $9.6 million for their construction engineering services.  The company is a $6.3 billion consulting, engineering, and construction firm, and shares some similarities to the failed Solyndra.  In fact, CH2M used the nearly $10 million sub-award to design Solyndra’s solar manufacturing plant in Fremont, California.  Besides that amount, CH2M is also a major beneficiary of the stimulus, having been awarded four of the top ten contracts from stimulus funding last summer - to the tune of $1.2 billion.  As of this April, the company boasts of $1.6 billion in contracts from the Recovery Act.

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Solar Singed: Two Weeks After Two Other Bankruptcies, Solyndra Goes Belly-up

By Tom Blumer | August 31, 2011 | 15:46

Two weeks ago (at NewsBusters; at BizzyBlog), yours truly pointed out how establishment press coverage of the bankruptcy of Massachusetts-based Evergreen Solar had emphasized its Bay State assistance, and only rarely brought up how it benefitted by being able to sell solar panels it otherwise would probably not have bothered to produce to projects benefitting from American Recovery and Reinvestment Act ("stimulus") dollars.

On August 17, Larry Dignan of ZDNet, in an item published at CBSnews.com, tried to convince readers that Evergreen's failure was not indicative of an industry meltdown (bolds are mine):

 

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Lawrence O'Donnell Accuses Michele Bachmann of Being a Socialist

By Noel Sheppard | June 22, 2011 | 10:13

Lawrence O'Donnell on Tuesday accused Congresswoman Michele Bachmann (R-Minn.) of being a socialist.

"The Last Word" host, who has admitted on national television to himself being a socialist, did so by cherry-picking from an article published at the perilously liberal website "The Huffington Post" (video follows with commentary and full transcript at end of post):

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Chris Matthews and Robert Reich Ironically Discuss 'Republican Lies About Jobs'

By Noel Sheppard | March 23, 2011 | 20:30

Former Clinton labor secretary Robert Reich wrote a truly nonsensical piece for the Huffington Post Tuesday ironically called "The Republicans' Big Lies About Jobs."

MSNBC's Chris Matthews must have loved this tripe and its sophomoric title for he invited the Berkeley professor on Wednesday's "Hardball" so that the pair could put on a clinic in liberal economic fantasy (video follows with partial transcript and oodles of commentary):

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Blast From the Past: Backdoor 2011 Porker Moran (D-Va.) Used Expletive in 2006 Boast Over His Earmarking Intentions

By Tom Blumer | March 07, 2011 | 18:19

Democratic Congressman Jim Moran of Virginia caused a bit of a stir last week when he said on CSPAN's Washington Journal program that, as paraphrased by Daniel Strauss at The Hill, "lawmakers are getting around the new ban on earmarks by convincing Obama administration officials to fund their pet projects."

Those who have followed Moran's less than illustrious career recall something he said in 2006 that makes his determination to make earmarks happen by any means necessary not at all unexpected.

In June of that year, Scott McAffrey at Northern Virginia's Sun Gazette reported on Moran's intentions if the Demcrats were to win a Congressional majority the following November (one example of R-rated language follows):

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Martin Bashir and Bernie Sanders Agree: Hike Taxes on Wealthy and Oil Companies

By Alex Fitzsimmons | March 03, 2011 | 17:10

MSNBC's Martin Bashir has only been on the job for a few days, but the newly-minted anchor is already letting his liberal flag fly.

On his eponymous program today, Bashir was dumbfounded as to why Congress is reluctant to hike taxes on the rich and end tax deductions for oil companies.

"Why won't Congress simply do what the people want?" lamented Bashir, interviewing Sen. Bernie Sanders (I-Vt.), the independent socialist lawmaker who caucuses with Democrats.

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Krauthammer Rips Krugman's Claim Republicans Are Stealing Food From Babies and Pregnant Women

By Noel Sheppard | February 19, 2011 | 14:41

New York Times columnist Paul Krugman on Friday made the idiotic claim that House Republicans are stealing food from babies and pregnant women.

Later that evening, appearing on PBS's "Inside Washington," syndicated columnist Charles Krauthammer demonstrated just how foolish Krugman's assertion was (video follows with transcript and commentary):

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WaPo Columnist on MSNBC: 'Chris Christie Is Terrific...The One Actually Having Adult Conversation'

By Noel Sheppard | February 16, 2011 | 19:53

Something rather shocking happened on MSNBC Wednesday.

Not only was a compliment given to a Republican, but on the "Dylan Ratigan Show," it was said by a Washington Post columnist about a GOPer that is actually admired by conservatives (video follows with transcript and commentary):

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Stephanopoulos Blames Budget Deficit On Bush

By Noel Sheppard | February 15, 2011 | 10:23

On Monday, President Obama announced that 2011's budget deficit is going to be an all-time high $1.65 trillion.

In an interview with Fox News's Bill O'Reilly later in the day, ABC's George Stephanopoulos predictably blamed the red ink on former President George W. Bush (video follows with transcript and commentary):

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Paul Krugman Ironically Asks 'How Can Voters Be So Ill Informed?'

By Noel Sheppard | February 14, 2011 | 20:54

In his lifetime, Princeton economics professor and Nobel Laureate Paul Krugman has published 20 books, over 200 papers, and since the year 2000 two columns a week at the New York Times.

Clearly without understanding the irony of his question, the man once accused by the Gray Lady's ombudsman of possessing a "disturbing habit of shaping, slicing and selectively citing numbers" asked his readers Monday, "How can voters be so ill informed [sic]?":

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Red Ink Since Dems Took Over Congress Greater Than All Previous Deficits Combined

By Noel Sheppard | February 14, 2011 | 09:36

The 2011 budget shortfall, which is the responsibility of the previous Congress, is now projected to be $1.65 trillion.

If accurate, this means that since the Democrats took over Congress in 2007, we have posted over $5 trillion in deficits.

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Margaret Carlson Mocks Tea Party as 'Blowing Off Steam,' Praises Obama as Like Richard Holbrooke

By Brad Wilmouth | December 24, 2010 | 23:49

 On Friday’s Political Capital show, Bloomberg’s Margaret Carlson lavished praise on President Obama has having "negotiating skills" like the recently deceased diplomat Richard Holbrooke - known for facilitating a ceasefire in Bosnia in the mid-1990s - as host Al Hunt asked Carlson and the National Review’s Kate O’Beirne to describe what Christmas gifts they would figuratively give to various public figures. Carlson: "I’m going to give him an inscribed copy of the late, great Richard Holbrooke’s memoir, in honor of Obama’s negotiating skills in this lame duck session. All he had to do was give up tax cuts - for which the Republican Party stands - to the wealthy who don’t need it in exchange for everything else he got."

She went on to trash Tea Party Republicans recently elected to Congress as "blowing off steam." Carlson: "I’m afraid that they might succumb to earmarks and lobbyists. They give every sign of that. So I’m going to give them a tea kettle because all they’ve done so far is blow off steam."

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Tea Party's Dana Loesch Battles Eliot Spitzer on Taxes and Spending

By Noel Sheppard | December 21, 2010 | 10:31

St. Louis Tea Party co-founder Dana Loesch took on CNN's Eliot Spitzer Monday evening in a classic battle between Right and Left.

From the opening bell, Loesch gave Spitzer a much-needed education on how extending existing tax rates isn't a tax cut (video follows with transcript and commentary):  

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Samuelson's Home Run: 'What the Bowles-Simpson Plan Left Out'

By Noel Sheppard | December 07, 2010 | 00:17

The Washington Post's Robert J. Samuelson in his Monday column scolded President Obama's deficit commission in a fashion that should be must-reading for every American, especially liberal media members.

At issue for Samuelson wasn't the cost-saving or revenue-generating ideas in the plan. Instead, he accurately pointed out that it lacked a coherent message as to why our social programs are not a right to every American at birth, and that it is not immoral for government to withdraw or lessen benefits as it sees fit:

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Tom Friedman: Tea Party is Wrong - Americans Want Higher Taxes and More Spending

By Noel Sheppard | November 28, 2010 | 10:29

There are times when one has to think the Manhattan building that is the home of the New York Times doesn't have any windows, doesn't have any television sets, and doesn't have any doors that allow employees to venture out and actually see what's happening in America beyond the walls of 620 Eighth Avenue.

Consider that after the impact the Tea Party has had on our nation's politics the past 20 months, and the historic elections that just took place on November 2, Times columnist Tom Friedman actually thinks Americans aren't interested in reducing the federal deficit but are instead yearning for higher taxes and greater government spending:

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Paul Krugman Recommends 'Death Panels' to Help Balance Budget

By Noel Sheppard | November 14, 2010 | 13:32

UPDATE AT END OF POST: Krugman tries to clarify what he said.

Although he was likely taking a swipe at former governor Sarah Palin with the reference, Paul Krugman on Sunday recommended "death panels" as a means of helping to balance the federal budget.

In a Roundtable discussion on ABC's "This Week," the New York Times columnist said of what recently came out of the President's deficit commission, "Some years down the pike, we're going to get the real solution, which is going to be a combination of death panels and sales taxes" (video follows with transcript and commentary):

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CBS's Dickerson: Obama Will Make GOP 'Own' Spending Cuts to 'Pay For' Tax Cuts

By Kyle Drennen | November 08, 2010 | 17:57

On Monday's CBS Early Show, political analyst John Dickerson discussed President Obama's strategy against Republicans in Congress, particularly on tax cuts: "[He] said there's got to be a way to pay for it, again trying to put pressure on Republicans to say if you want to spend $700 billion, you've got to find the cuts, make them own those cuts, which are painful and might be quite unpopular."

Earlier, co-host Harry Smith asked about the possibility of Obama and the GOP working together on stopping earmark spending. Again, Dickerson saw the issue as a chance for the President to go after his opponents: "...an opportunity for the President not only to get involved in the conversation but, also, to perhaps drive a bit of a wedge within the Republican caucus, they have different opinions in the Senate, Mitch McConnell has a more favorable opinion of earmarks than say some of the tea party-backed conservative candidates or some House members and the President can say, 'hey, maybe I have a chance to cause a little mischief in the Republican caucus.'"

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147,000 Rail Riders in Entire Year in Ohio Seen as 'Demand for Transportation Choice'

By Tom Blumer | October 28, 2010 | 22:57

Buckeye State residents are supposed to be impressed with media reports like this one from WXIX in Cincinnati telling us that passenger rail ridership increased 14% last year to almost 147,000.

That's just over 400 people a day. In the whole state. Spread over seven station stops in multiple cities. You've got to be kidding me.

Context, people.

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Obama Administration Gave General Electric—Parent Company of NBC--$24.9 Million in ‘Stimulus’ Grants

By Fred Lucas | October 12, 2010 | 15:19

The Obama administration gave corporate giant General Electric—the parent company of NBC--$24.9 million in grants from the $787-billion economic “stimulus” law President Barack Obama signed in February 2009, according to records posted by the administration at Recovery.gov.

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CBS: GOP Pledge ‘Littered’ With Pro-Tea Party Sentiments; ABC: It’s ‘Hardly a Tea Party Manifesto’

By Rich Noyes | September 24, 2010 | 13:56

All three broadcast evening newscasts on Thursday covered the formal unveiling of the Republican ‘Pledge to America,’ a campaign document calling for the repeal of ObamaCare, no tax hikes and balanced budgets. CBS’s Nancy Cordes cast it as pro-Tea Party, “littered with references to the Constitution and promises to reduce the federal debt,” and Tea Party members as “grateful” for its policy prescriptions.

But ABC’s Jonathan Karl said the Pledge was “hardly a Tea Party manifesto. The 45-page document includes more photographs than specifics on spending cuts. No mention of controlling Social Security or Medicare. No mention of eliminating any federal departments. Not even a promise to eliminate earmarks or pork barrel spending.”

Karl even hit GOP Representative Mike Pence from the right: “There aren’t enough cuts in this thing that I see to get anywhere near a balanced budget.”
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Pentagon Rescinds Franklin Graham’s Invitation, Al Sharpton is Welcome at White House

By Colleen Raezler | April 23, 2010 | 09:21

The Pentagon rescinded the invitation of evangelist Franklin Graham to speak at its May 6 National Day of Prayer event because of complaints about his previous comments about Islam.

The Military Religious Freedom Foundation expressed its concern over Graham's involvement with the event in an April 19 letter sent to Secretary of Defense Robert Gates. MRFF's complaint about Graham, the son of Rev. Billy Graham, focused on remarks he made after 9/11 in which he called Islam "wicked" and "evil" and his lack of apology for those words.

Col. Tom Collins, an Army spokesman, told ABC News on April 22, "This Army honors all faiths and tries to inculcate our soldiers and work force with an appreciation of all faiths and his past comments just were not appropriate for this venue."

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MSNBC's Maddow, Pennsylvania Gov. Rendell Complain Media Giving Tea Party Too Much Coverage

By Jeff Poor | April 22, 2010 | 09:54

So you do your part and pay your taxes to the federal government. However, you feel you pay too much and you don't like how that same government uses that money. Do you have the right to petition and protest that government?

If it's on federal land that your tax dollars paid for, then your protest is hypocritical nonsense, according to MSNBC host Rachel Maddow. To her, the tea partiers, who protested on the government land of the National Mall, are hypocrites. Worse,  they're getting unwarranted media coverage.

"In the case of the tea partiers, though, mainstream media coverage has been willing to almost assume that they're making sense, even in the face of evidence to the contrary," Maddow said on her April 21 program. "Because the idea of being in favor of smaller government, the idea that government is inherently wasteful and incompetent and should be shrunk, because that idea has shifted from a conservative movement talking point 30 years ago to centrist Beltway common wisdom today, sometimes we don't recognize the hypocrisy when it's right in our face. The conservative movement won the framing fight. It doesn't sound crazy anymore to rail against the federal government while standing in a national park until you really think about it."

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WSJ Editorial Calls Out Bunning Episode As Example of PayGo Hypocrisy

By Tom Blumer | March 04, 2010 | 15:22

In the past 72 hours, NewsBusters has called attention to roughly 10 print and broadcast media items ripping into Jim Bunning for daring to stop a spending bill in the Senate.

Beyond that, it appears that no establishment media outlet has raised a few self-evident points made in a Wednesday Wall Street Journal editorial, proving yet again that the paper's editorials are as much a real news source as they are a rundown of the editorialists' particular take on things.

The critical points of the editorial (link may require subscription, and will probably not be available in a few weeks) are these:

  • Bunning was trying to do in practice what Nancy and Pelosi, Harry Reid and President Obama are fond of only talking about (Clay Waters also made this point in one of those NewsBusters posts).
  • The outrage is the result of substance-free political gamesmanship.
  • (Tea Partiers take note) Many of Bunning's fellow party members headed for the tall grass when the media heat commenced.
What follows are the Journal excerpts that make those points (bolds are mine):
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Howard Kurtz Thinks The Press Is Too Soft On Republicans

By Noel Sheppard | February 21, 2010 | 16:50

When this arrived at my e-mail inbox Sunday, I thought a usually reliable tipster was playing a joke on me.

But after reviewing the video and transcript of this morning's "Reliable Sources" on CNN, it's become apparent that Howard Kurtz really did ask two of his guests if the press is currently going soft on the Republican Party.

"Every day, every week the media -- and that includes this program -- focus on President Obama," Kurtz said.

"But what about the Republicans? Do they largely get a pass because they're in the minority?" (video embedded below the fold with partial transcript and commentary, h/t Story Balloon):

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Washington Post Gives Obama Great Grades for Promises 'In Progress'

By Amy Menefee Payne | January 28, 2010 | 17:11

The Washington Post launched an interactive page this week to profile President Obama's record on his campaign promises after one year in office. The Post put promises into three categories: "To Do," "In Progress" and "Completed."

Based on the president's record, most people would be surprised to learn the Post put most of the promises in the "In Progress" category -- and didn't even include a "Broken Promises" category. Many recent promises made as president would belong in that category. 

"In Progress" according to the Post includes "reversing" the Bush tax cuts, while the "To Do" list includes "enact a windfall profits tax" on oil companies. 

James Valvo, government affairs manager for Americans for Prosperity, offers the following additions to the Post's analysis:

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MSNBC Derides Tea Party Activism in 'Angry White Voters' Segment as Failed 'Amateur Politics'

By Jeff Poor | December 24, 2009 | 20:26

In keeping with the tradition of the holidays - the minds at MSNBC, the place for politics if you're of the lefty persuasion, decided rate the top 10 political stories of the decade.

And leading this gang of masters of the political journalism universe was "Hardball" host Chris Matthews, who on the broadcast of his Dec. 24 program, announced that conservative activism, mainly the tea party movement was the eighth biggest story of the decade - but labeled "angry white voters" (emphasis added).

"Welcome back to ‘Hardball' - our number eight political story of the decade, angry whites at town hall meetings across the country," Matthews said. "Lawmakers heard the wrath of angry voters."

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AP Word Games: 'Pork' and 'Earmarks' Transformed Into 'Local Projects'

By Tom Blumer | December 22, 2009 | 12:07

In connection with the $1.1 trillion omnibus spending monstrosity signed into law last week, an unbylined AP report on December 16 told us the following (bolds are mine throughout this post):

Most Republicans opposed the bill, citing runaway federal spending. They also pointed to an estimated $3.9 billion for more than 5,000 local projects sought by lawmakers from both parties.

The AP writer involved did something even the worst football quarterback couldn't pull off, namely committing two incompletions in one attempted sentence.

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Fox News Anchors Debunk Lefty Claim Network’s an 'Organ' of GOP in Grilling Grassley, Schock for Earmarks

By Jeff Poor | December 12, 2009 | 23:20

One of the favorite talking points that often comes from Fox News detractors is the claim that the News Corp (NASDAQ:NWSA) cable news is somehow an organ of the Republican Party. It's a claim that former White House Communications Director Anita Dunn made, along with countless other accusations from prominent Democrats.

However, these Democrats would be doing themselves and their audiences a favor to take notice of two Fox News anchors, "Your World" host Neil Cavuto and the weekend edition of "America's News HQ" co-host, Gregg Jarrett. The two recently challenged two Republican members of Congress, Sen. Charles Grassley, R-Iowa, and Rep. Aaron Schock, R-Ill.

On the Dec. 12 broadcast of Fox News Channel's "America's News HQ," host Gregg Jarrett took on Grassley, who made an appearance to rail against federal spending, but all the while having so-called "pork project" money earmarked for his home state (emphasis added).

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Bill Press: Beck a 'Ticking Time Bomb'; Warns Ailes Will 'Be Sorry' They Gave Him a Show

By Jeff Poor | November 29, 2009 | 16:38

Glenn Beck - he has one of the highest-rated shows on the top cable news network. He's had a number of bestselling books and he's called attention to some unsavory characters working in the Obama administration. Yet - he's somehow considered to be a risky business decision for the powers in charge at Fox News.

On CNN's Nov. 29 "Reliable Sources," host Howard Kurtz pointed out Glenn Beck accusing Sen. Mary Landrieu, D-La., of "hooking" for the so-called $300 million "Louisiana Purchase" provision of the health care bill.

"He's talking there about Louisiana Sen. Mary Landrieu, who did get a provision in order to get her support for breaking the filibuster on the health care bill - $300 million for Louisiana," Kurtz said. "He said she was ‘hooking,' basically called her a prostitute."

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