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“Exposing & Combating Liberal Media Bias”
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EconomyPaul Krugman’s Media Critic Impersonation: Rips Fox Biz as 'Pro-Republican'
Krugman, in a Nov. 11 post on his NYTimes.com blog titled "The agony of Fox Business," made it clear he was a subscriber to the left-wing fairy tale that Fox News, and by extension the Fox Business Channel, are not pro-business. Instead - they're "pro-Republican." "Clearly, the Fox Business crew is having a very hard time," Krugman wrote. "They bill themselves as being truly pro-business - not like those leftists at CNBC. But they aren't really pro-business; they're pro-Republican. They'd like you to believe that it's the same thing; but there's this awkward fact that markets have, you know, gone up under Obama." Networks Silent on President's Violation of Pledge Not to Raise Taxes on Middle ClassThe media gave President Obama credit during the campaign for promising not to raise taxes on the middle class. He was on the trail in New Hampshire when he made a "firm pledge" not to raise taxes on any family "making less than $250,000 a year." Obama is doing his best to break that promise, but the network news media haven't bothered to report it. On Nov. 6 when he endorsed the tax increase-laden health care reform bill that the House of Representatives passed on Nov. 7, Obama violated his pledge. While Obama had offered broad generalities supporting various health care reform bills under consideration in the House and Senate, the Nov. 6 statement was the first time he threw his weight fully behind one piece of legislation. Pfizer Leaving New London, CT; Just Don't Mention 'Kelo' While Reporting It
Some "win." In what Ed Morrissey at Hot Air calls "a fitting coda to a chapter of governmental abuse," pharmaceutical manufacturer Pfizer is leaving the global research and development headquarters it built in New London just eight years ago. The significance of the move should resonate nationally, because, as the Washington Examiner explains, Pfizer's original decision to locate in New London was driven by the City's promises to eliminate a nearby neighborhood -- promises which led to the Kelo litigation once residents, including Susette Kelo (pictured above), pushed back:
The New London Day elaborates, while petulantly managing to avoid any mention of what has clearly become the local four-letter word -- "Kelo" (bold is mine): CBS Reporter Laments Economic Downturn After Fall of Berlin Wall
Phillips mourned the loss of state-run industries after the oppressed nation was freed from decades of communist oppression: “The eastern landscape is littered with the ruins of former state-supported enterprise. A million people have gone west looking for work.” Earlier in the report, Phillips credited those responsible for the wall’s collapse: “The main players on that night 20 years ago were the people of East Berlin....But it was the behind-the-scenes players who really determined events that night, mostly by doing nothing. Then Soviet leader Mikhail Gorbachev had refused to back the desperate GDR regime. Then President George Bush refused to gloat as the wall came down. Then German Chancellor Helmut Kohl went on to become the leader of a reunited Germany.” Ronald Reagan slipped Phillips’ mind. Actor Jon Voight Speaks Out Against ObamaCare As UnconstitutionalYou might not have known it from the lack of coverage on Thursday, but Tea Partiers rallying at Capitol Hill were joined by at least one celebrity ObamaCare critic, actor Jon Voight, who denounced the requirement forcing Americans to buy health insurance under penalty of law as unconstitutional. Back during the George W. Bush era, the media often hyped the criticism of the Iraq War effort by liberals in Hollywood, playing up the political credibility of actors like Mike Farrell (best known for his role in the long-running TV series "M*A*S*H") who waxed philosophical on the justness or necessity of that war's effort. Yet even though it's a rarity to find conservatives in Hollywood, much less politically vocal ones like Voight, the ones that are vocal critics of the Obama administration are all but ignored by the mainstream media. 'We're Going to Have to Have More Stimulus, More Spending,' Donaldson Contends
Over on NBC's Meet the Press, Washington Post columnist E.J. Dionne, a former Washington correspondent for the New York Times before covering politics for the Post, complained: “The problem is the stimulus was too small, and they compromised it down and so you had less effect. I mean, the fact is these numbers would be a lot worse without the stimulus.” Donaldson contended: Oops -- Cramer's October 12 Unemployment Prediction: 'We Are Not Going to Reach 10 Percent'Drinking the Kool-Aid on MSNBC wasn't enough, even for CNBC's Jim Cramer, to escape the reality that Obamanomics isn't working. Back on October 12, Cramer, to his credit, knew there were some problems with the $787-billion stimulus passed earlier this year. However, he felt it was necessary to pledge his admiration for President Barack Obama, Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke. But, Matthews asked Cramer if there would be something tangible to back up that praise. "OK - let me ask you the question," Matthews said on MSNBC's Oct. 12 "Hardball." "Let's talk about how we keep score in electoral politics, that's how we keep score. Between now and next summer, when people begin to decide how they're going to vote in next year's election, will the employment rate be coming down by then?" Vintage Santelli: PelosiCare Threat to Recovery; Dow Climb Due to Market Bet on Fed Response to UnemploymentA rising Dow Jones Industrial Average (DJIA) means better times are on the way, right? Not necessarily, according to CNBC CME floor reporter and tea party movement inspiration Rick Santelli. Santelli made an appearance on CNBC's Nov. 6 "Fast Money," a show which the host, Melissa Lee, is skittish about a discussion that politics interferes with the market is a reality. Nonetheless, Santelli explained there so happens to be correlation between a rise in unemployment rates and the rise in the Dow Jones Industrial Average. "[I] think we're building a stairway to heaven in Dow prices on the back of paper and I think that, you know it seems kind of dire to me that 8 percent - 8,000, 9 percent - 9,000, 10.2 - 10,000," Santelli said. "I shudder to think where the unemployment rate is going to be at 11 and 12,000 in the Dow." Unemployment Surges to 10.2 Percent, CNN Asks About Second StimulusPresident Obama lobbied for government stimulus almost as soon as he took office. In order to gain passage of that $787 billion spending spree, Obama warned of economic "catastrophe" including double-digit unemployment. Roughly 9 months later, we now have proof that those billions of taxpayer dollars spent didn't stop the unemployment rate from soaring to 10.2 percent. Still, that failure didn't prevent one CNN anchor from asking if a second stimulus might be needed. CNN business correspondent Christine Romans announced the latest jobs numbers on Nov. 6 during "American Morning. She said, "The unemployment rate is 10.2 percent. It is worse than economists had been expecting - 10.2 percent - we have hit double-digits on the unemployment rate now and this is the highest since the early 1980s. The number of jobs lost: 190,000 jobs lost in the month. That is a little worse than we had thought." Following Romans' report, CNN anchors John Roberts and Kiran Chetry consulted author William Cohan, a contributor to The DailyBeast.com and Bloomberg, and Diane Brady, senior editor of BusinessWeek magazine. Both guests were concerned about the rising rate of unemployment and Cohan said he didn't see "anything optimistic about these numbers." Obama administration officials said that with a stimulus package unemployment wouldn't rise above 8 percent, but neither anchor pointed out that failure of the massive spending package. CNN's Romans: Unemployment Benefits Extension 'Would Not Come Out of Your Pocket and My Pocket'
CHRISTINE ROMANS, CNN BUSINESS CORRESPONDENT: You're right. And Heidi, all of those things that you mentioned are incredibly important to your money and all of them could affect you very, very near-term here. This extension of the unemployment benefits, it would be the third. Cash Crunch, Press Silence: As ObamaCare Advances In Congress, Uncle Sam's Collections Continue Steep Drop
Though it won't be official until Tim Geithner's crew releases its Monthly Treasury Statement next week, it's virtually certain that the government's collections will open the year in a deep hole compared to last year, and probably well behind what CBO expects. Take a look at this compilation of key items from October's final Daily Treasury Statement, compared to the actual results from October 2008 and 2007: Wholly Ineffective: Lefty Boycott of Whole Foods Has No Noticeable Financial Impact
Whole Foods (WFMI) announced its financial results for the quarter ended September 30 yesterday. The quarter closed about 50 days after outraged leftists called for a boycott of the grocery chain to retaliate for a Wall Street Journal op-ed written by CEO John Mackey. In that column, Mackey identified "Eight things we can do to improve health care without adding to the deficit," asserting that:
Well, if there's so much support out there for statist health care, you would think that the Whole Foods boycott dedicated to punishing an opponent would have had a significant impact on the company's most recent quarterly results. Ford Had a Better Idea by Not Taking Bailout, But Some Media Forget To Report ItFord Motor Company took everyone by "surprise" Nov. 2, when it announced nearly a billion dollars in profit for the third quarter of 2009. The company also said it would be "solidly profitable" by 2011. CNN repeated the announcement on Nov. 3 "American Morning," saying, "Turning now to the Big Three in Detroit, Chrysler extends its buyout offer to more than 20,000 employees while General Motors is still trying to restructure spending billions of bailout dollars, but Ford - which didn't take any cash from Uncle Sam - is back in the green again, posting a profit of nearly $1 billion for the third quarter." The announcement was big news, but what should have caught more journalists' attention was the fact that Ford managed to turn things around without the help of a federal bailout - the very bailout reporters promoted in 2008 and 2009. It's About Time: AP Admits Ford 'Has Benefited From Customer Goodwill' For Not Taking Govt. $
In the eighth paragraph of their article covering October's auto sales, AP reporters Tom Krisher and Dee-Ann Durbin recognized part of the reason -- and perhaps the most important reason -- why Ford has been cleaning the clocks of General Motors and Chrysler all year long:
Though October seems at first glance to have turned out somewhat differently than the first nine months of the year for Detroit's sort-of Big 3, that really isn't the case: CNBC: New York Times Potential Acquisition Target for GoogleWant more evidence print media is giving way to digital formats? According to CNBC "Squawk on the Street" Nov. 3, Internet behemoth Google (NASDAQ:GOOG) could have its sights set on The New York Times (NYSE:NYT). Brian Shactman, a general assignment reporter for CNBC noted an article in the Nov. 2 Wall Street Journal that indicated a lot of big companies are hoarding cash and short term investments and it pointed out the information technology sector had nearly $280 billion to invest. "There's so much talk today about M and A," Shactman said of mergers and acquisitions. "Well let's look it forward - some names out there that could be in the offing, some things to think about. Remember The Wall Street Journal said yesterday tech has about $280 billion to work with. Remember Google said they wanted to make about one acquisition a month. They have the cash - they got to speed up." Wait, I Thought It Was Over; AP Blurb Says Recession 'Will Likely Take Years to Abate'
The Associated Press reporter didn't get the memo that recession is supposedly over, and that at a minimum you shouldn't be writing as if it will be with us for a while. She also erred in citing the weak economy as a bad thing for Democrats. The New York Times told us about a week ago that a bad economy is a good thing for Democrats who want to pass state-controlled health care and other freedom-restricting agenda items, because a bad economy increases personal insecurity. They're such pals of the little guy, you see. Both busts against the conventional media wisdom are in Kellman's brief item from late this morning (bolds are mine):
Bartiromo Predicts Bush Tax Cuts Extended, Worries U.S. Not on the 'Ascent'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. Ted Danson: Rush Limbaugh, Religious Right 'Really Piss Me Off'There's no better example than political commentary from a Hollywood elite to demonstrate how low some conservatives are regarded. According to actor Ted Danson, some conservatives are just being manipulated by Rush Limbaugh and organized religion because they're not smart to formulate their own beliefs. Danson, who has starred in both "Becker" and "Cheers," appeared on HLN's Nov. 2 "The Joy Behar Show" and was asked to respond to Rush Limbaugh's criticism of Barack Obama on Nov. 1 "Fox News Sunday." Danson questioned the notion that Limbaugh, who is a self-made success, is really "one of the people." Instead, he accused him playing on people's fears and anger to make money, which he didn't like. White House's Media Attacks Part of a Troubling Trend
The White House claims, in the words of Valerie Jarret, that it will go after any organization that "spreads false news." But the attacks suggest that the administration will take on any outlet that challenges claims designed to further its agenda. Edmunds calculated the number of cars purchased during the Cash for Clunkers program that would have been purchased without the rebates. The site determined that C4C had incentivized the purchases of only 125,000 automobiles, meaning taxpayers paid $24,000 per car purchase under the program. USAT Headline Calls 3Q GDP Growth 'Torrid,' Ignoring Article Source's Suggestion 'Not to Get Carried Away'
The paper's headline at its report on Thursday's government announcement that the nation's Gross Domestic Product (GDP) came in at an annualized 3.5% after four consecutive quarters of decline was not only over the top. Its message went directly against an admonishment by an economist quoted in Paul Davidson's underlying report, which was to not "get carried away by the really strong number." Many commentators, while gratified that GDP growth occurred, have cautioned that the growth was influenced heavily by government programs that either have already run their course with debatable long-term impact (e.g., Cash for Clunkers), or are probably not going to last much longer even if extended (e.g., the first-time homebuyers' credit), simply because the government is running trillion-dollar annual deficits and can't afford them. Get a load of the story's headline, and how it contrasts with Davidson's generally pretty good reporting (bold is mine): |
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