Budget

Time magazine's Mark Halperin on Thursday admitted that if Republicans were in control of the Senate, which has now gone over a thousand days without passing a budget, the liberal New York Times wouldn’t be giving them the same free pass that it is giving the current Democrats in the Senate. 

Morning Joe host Joe Scarborough pondered, “What would the New York Times editorial page say about a Republican Senate that didn’t produce a budget in over a thousand days?”  Halperin, who is also an analyst for MSNBC, quickly shot back, “They would be getting creamed.”

Oh joy.

Today at the Associated Press, aka the Administration's Press, in response to the Congressional Budget Office's release today of an awful 10-year baseline outlook, Andrew Taylor made sure that his first paragraph was only about the projected "dip" in the fiscal 2012 deficit, and dedicated his second paragraph to the bad things that will happen if "the Bush tax cuts" are extended and Congress fails to live within "tight" spending "caps" (when did those happen?). Towards the end he spoke of the deficit-cutting wonders ending "the Bush tax cuts" might bring about. What follows are the first two paragraphs of Taylor's report, followed by the "Bush tax cut" passage:

A report carried at CBS News in St. Louis from Jim Anderson of the Illinois Radio Network (IRN), which appears to be a private entity, tells readers that a research study (summary; PDF of relevant chapter) published by the Institute of Government and Public Affairs (IGPA) at the University of Illinois has identified "a combination of tough policies (which) could bring the state into fiscal balance by the end of the decade." To be clear, the end of the decade is seven years and eleven months from now.

Predictably, the "tough policies" include "maintaining increased income tax rates after they are scheduled to expire." On the spending side, what IGPA describes as "extreme austerity" means "keeping the growth rate of all spending down to 2.1 percent per year." Those who would rather not look at IGPA's detail can be forgiven, because the opening paragraph of the linked chapter above, which IRN did not cite, gives away the researchers' detachment from reality:

The ignorance of HBO's Bill Maher was oozing from every nook and cranny of his being Friday night.

After telling his Real Time audience that the national debt has only gone up by $1.5 trillion under Obama, the host during the Overtime segment actually said, "Mitt Romney we found out made $27 million, only paid 11 percent in taxes” (video follows with transcribed highlights and commentary, first relevant section at 4:00):

In today's "How Can Someone So Dumb Have His Own Nationally Televised Show" segment, HBO's Bill Maher said Friday the federal debt has only increased by $1.5 trillion since Barack Obama took office (video follows with transcribed highlights and commentary):

In two items about today's report on economic growth from the federal government's Bureau of Economic Analysis today, Martin Crutsinger claimed that today's lower-than-expected annualized growth of 2.8% during the fourth quarter of 2011 (vs. expectations of 3% or higher) was hurt because of big "cuts" in government spending, especially federal spending -- supposedly the biggest cuts in 40 years. I guess the underlying message is supposed to be that Congress shouldn't try to reduce federal programs any more, because already they're allegedly being cut at historic rates.

Baloney. Crutsinger was either being incredibly ignorant by assuming that all government spending is part of GDP (it's not; only government purchases of goods and services are components of GDP), or he deliberately deceived his readers. At the federal level, purchases of goods and services and "investment" are only about 30% of all government spending. Total spending has hardly gone down at all. Here are the relevant paragraphs from his two reports:

On Tuesday's CBS This Morning, Erica Hill played up the "overwhelming majority" that apparently support raising taxes on the rich, and urged Rep. Paul Ryan to consider supporting such a tax hike: "68% of people support raising...taxes on incomes of $250,000 and higher. Is that something that you could, perhaps, at least have a conversation about?" [audio available here; video below the jump]

Co-anchor Charlie Rose also suggested that Ryan and congressional Republicans had refused to work with President Obama, and that the Democrat needed to try to bring them on board. Rose asked White House advisor David Plouffe, "What can the President say this evening that might bring Paul Ryan to work with him on issues that concern the country?"

The more one listens to Newsweek’s Andrew Sullivan, the more one has to conclude that he either knows absolutely nothing about the economy or he’s lying through his teeth.

Appearing on CNN’s Anderson Cooper 360 Wednesday evening, Sullivan actually said tax “revenues currently are at 50 year lows” (video follows with transcribed highlights and commentary):

As NewsBusters reported Sunday, Newsweek's most recent cover astonishingly asked, "Why Are Obama's Critics So Dumb?"

This critic of the President analyzed the contents of so-called conservative Andrew Sullivan's piece and has come to the conclusion that it is he and the unashamedly liberal magazine he writes for that are lacking in intellectual capacity and/or integrity.

All one needs is read the following from Sullivan's third paragraph to understand the absurdity on display:

The lack of current events knowledge demonstrated by today's anchors and political commentators is often breathtaking.

On Sunday's Meet the Press, host David Gregory actually told Senate Majority Leader Harry Reid (D-Nev.), "Democrats haven't put together a budget in a year." Actually, it's been almost three years (video follows with transcript and commentary):

I see that the Associated Press's Derek Kravitz is picking up where his colleague Martin Crutsinger left off in offering up incomplete information and inconvenient truth-avoiding coverage of Uncle Sam's financial results as described in the Monthly Treasury Statement. December's statement, which was released yesterday, showed a deficit of $86 billion and a year-to-date shortfall of $322 billion.

Naturally, this was cause for a positive-spinning headline at the AP report: "US gov't on pace for smaller deficit in 2012." Whoop-de-doo. Two problems: a) It's too early to tell, b) the year-to-date reduction thus far is fairly small (about 13%), c) Most of the improvement is because of a lucky break when fiscal 2011 ended, and d) December itself was a pretty bad month compared to December 2010. Here are several paragraphs from Kravitz's concoction  (bolds and numbered tags are mine):

Even with recent "improvements" which are still weak when compared to other post-World War II recoveries and which, as shown yesterday (at NewsBusters; at BizzyBlog), are less substantive than December's two major reported numbers (unemployment rate of 8.5% and seasonally adjusted job additions of 200,000) would indicate, it seems fairly likely that the nation's unemployment rate will be higher than it has been on the eve of any presidential election since World War II.

Thus, Paul Wiseman of the Associated Press, aka the Administration's Press, felt it necessary to show that what matters isn't the unemployment rate, but instead the rate's trend. In the process, he mischaracterized the state of the economy under Ronald Reagan in 1983 and 1984, ignoring the roaring economic growth which occurred during those two years, and gave only one sentence to a statistic -- number of jobs added or lost -- which has become as important as the jobless rate, if not moreso, in the intervening 28 years:

In 1984, an Associated Press writer covering the Democratic primaries wrote that "In a presidential contest dominated by concerns over the economy, inflation, and unemployment, the Democratic candidates have been loath to acknowledge the extent to which Carter administration policies contributed to those problems. Democrats have also controlled Congress for most of the past three decades, which made it relatively easy to enact the policies Carter pursued."

Of course, that AP report really never happened. The establishment press never razzed Walter Mondale, Gary Hart, and the other 1984 Democratic presidential candidates about the ruinous Carter-Era inflation, 20%-plus interest rates, and high unemployment against which the Reagan administration was making significant progress in the early 1980s. But on Tuesday morning, Beth Fouhy at the Associated Press felt it necessary to wonder why this year's GOP primary candidates are rarely mentioning George W. Bush, even though the economy under Barack Obama is making relatively scant progress towards a genuine recovery and makes a much more appropriate target for criticism. Here was her comparable paragraph, plus the two which followed:

Saturday's NBC Nightly News hyped a poll finding that 64 percent of Californians would be willing to pay more taxes "if the money went to public schools." (Video below)

Substitute anchor Kate Snow included a plug for the report in the opening teaser: "Tax hike. Why people in one state are saying 'Bring it on.' Tonight, why they're willing to pay more."

On December 31, 2003, looking ahead to the upcoming 2004 election year, an Associated Press reporter -- I think it would have been Jennifer Loven at the time -- wrote about how George W. Bush was going to spend as much of the next 10-plus months as possible figuring that "he no longer needs Congress to promote his agenda." Therfore, he would use "aggressive campaign fundraising and use executive action to try to boost the economy." Thus, his "re-election year will focus almost exclusively on executive action" at the rate of "at least two or three directives per week." Sadly, this meant that Bush's "election year retreat from legislative fights means" that his "term will end without significant progress on two of his ... campaign promises."

Oops, I'm sorry. That AP report never happened. The high-handed, non-governing, non-legislating, campaign-driven agenda is what Barack Obama, his White House apparatchiks, and his reelection campaign have said they will do in 2012 -- and Julie Pace at the Associated Press seems to heartily approve (bolds repeating what was quoted in the first paragraph above are mine):

There are press memes which won't go away no matter what, and no matter how often disproven. One, repeated in an Associated Press report a couple of weeks ago as our troops were about to leave Iraq, claimed that "No WMD were ever found" there. The truth: Yes they were — along with 550 metric tons of yellowcake uranium found in Iraq after Saddam was overthrown, specifically “the stuff that can be refined into nuclear weapons or nuclear fuel.”

Another meme which won't die and fails to pass the truth test was in an AP item by Julie Pace about President Obama's decision to defer raising the debt ceiling by $1.2 billion today. In it, she repeated the leftist line about how the national debt has grown so large (HT to an NB emailer):

Back in 2008 and 2009, the Media Research Center’s year-end awards for the Best Notable Quotables were dominated by journalists fawning over the greatness of Barack Obama. In 2008, our winner for “Quote of the Year” was Chris Matthews for his on-air exclamation that upon hearing Obama give a speech, “I felt this thrill going up my leg. I mean, I don’t have that too often.”

I know, we're supposed to give TV shows and the like a bit of dramatic license to push a plot line. But doesn't it seem that an awful lot of the license taken tends to be pro-big government and left-leaning?

One pretty obvious example came along Monday night during the Season 2 finale of TNTs' "Rizzoli & Isles" (which ran again late tonight). The plot of "Burning Down the House" centered around the death of a Boston fireman in a major warehouse blaze. Ultimately, the perpetrator ended up being a fireman who was upset by "budget cuts," which were mentioned twice during the episode:

It's always interesting to see how the several thousand readers who voted in the MRC's "public ballot" differed from the 48 media experts who selected our Best Notable Quotables of 2011 (a panel which included talk radio hosts Mark Levin and Neal Boortz, Human Events editor-in-chief Tom Winter and Boston Globe columnist Jeff Jacoby). This year, there were six categories where our readers and the judges disagreed -- although sometimes the margins were extremely close.

Let's start with the biggest disagreement, in the "Media Millionaires for Higher Taxes Award." By a healthy margin (68 to 53), our judges chose an April 17 quote from CBS's Bob Schieffer, as he was questioning Rep. Paul Ryan on Face the Nation: "Why do these rich people need another tax cut? I mean, they’re already rich....Why cut their taxes some more?"

George Will on Sunday marvelously told liberal economist Robert Reich something that many conservatives have been dying to say for years.

During a fascinating Right vs. Left debate on ABC's This Week, after Reich predictably pined for higher income tax rates to solve all that ails us, Will struck back with the line of the weekend, "You are a pyromaniac in a field of strawmen" (video follows with transcript and commentary):

In February, yours truly sensed a misstatement of reality on the part of Associated Press reporter Scott Bauer in his description of the budget repair law the Wisconsin Legislature was then considering. At the beginning of his report, Bauer wrote that the law would "end a half-century of collectively bargaining," but later wrote that "unions could still represent workers" (That doesn't exactly signal an "end," does it?). In several other subsequent reports (examples here and here), Bauer insisted on incorrectly describing the law as "ending" or "eliminating" collective bargaining. It does neither.

Tonight, in reporting on the progress of the Badger State effort to recall Republican Governor Scott Walker, Bauer slightly rephrased his false claim, glossed over the current controversy over validation of petitioners' names and registration status, again contradicted himself, and made little effort at hiding his overt partisanship (bolds are mine throughout this post):

A new Associated Press poll finds movement by crucial swing voters towards Republican-friendly economic priorities: budget cuts over Democrat-preferred tax hikes.

But in reporting on the news wire's poll, the AP's Laurie Kellman opened her story with a focus on numbers that show the  popularity of extending the Social Security payroll tax holiday, a priority of the Obama administration and liberal Democrats:

Uncle Sam's Monthly Treasury Statement for November came out yesterday. The results: Tax collections through two months of the fiscal year are up 4.4% over fiscal 2010; spending is down 5.5%, but only because about $31 billion in checks which would ordinarily have gone out on October 1 (a Saturday) were sent on September 30; and the deficit of $235 billion is $55 billion less than last year.

The headline in the report by Martin Crutsinger of the Associated Press, aka the Administration's Press ("Gov't on pace to run budget deficit below $1T"), celebrated the totally untenable claim, only two months into the year, that the deficit might come in below $1 trillion for the first time in four years. Crutsinger's coverage was otherwise adequate, except near the end, when he threw in the following obviously gratuitous and recklessly false and misleading statement: "A decade ago, the government was running surpluses and trillion-dollar deficits seemed unimaginable."

For conservatives, one of the bright spots of the Occupy Wall Street protests was when millionaire investor Peter Schiff went down to Zuccotti Park with video camera and a sign reading "I Am The 1% - Let's Talk."

On Tuesday, I had the pleasure of speaking with Schiff by telephone in a sweeping interview about his experience at OWS, how the financial media are doing, and ending with his rather frightening view of the economy and the future of our nation (video follows with transcript):

MSNBC's faux conservative Joe Scarborough dismissed the conservative credentials of Republican front-runners Newt Gingrich and Mitt Romney while promoting Jon Huntsman – the GOP darling of liberals like Jimmy Carter.

Scarborough's Politico op-ed ripped Gingrich and Romney for flip-flopping on issues like abortion and global warming. He strangely ignored the time where Huntsman, MSNBC's favorite Republican, called his fellow party members "anti-science" for disbelieving global warming – or when he supported civil unions for same sex couples.
 

MSNBC's Chris Matthews on Monday perfectly demonstrated that he is willing to contentiously debate issues with conservative guests without regard for the truth.

In the middle of a Hardball segment about the Democrat proposal to extend the payroll tax holiday, Matthews ignorantly accused the far more knowledgeable Ron Christie of "complicating" the discussion leading his guest to marvelously respond, "Of course, the facts get in the way of a good narrative" (video follows with transcript and commentary):

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:

There was a rather telling moment on ABC's This Week Sunday.

When during the Roundtable segment the Washington Post's Michael Gerson criticized Barack Obama for his lack of leadership involving the now failed Super Committee, Sam Donaldson and Cokie Roberts quickly came to the President's defense (video follows with transcript and commentary):

It seems that everyone in Washington believes that there is zero chance of any kind of economic calamity befalling this nation until January 2013, even though the government is on track to stay on self-destructive autopilot until then. I do not understand how or why anyone can be that confident.

Jim Kuhnhenn at the Associated Press, aka the Administration's Press, almost gleefully participated in that denial on Thursday in presenting the following paragraphs (bolds are mine throughout this post):