Bailouts

CNBC's Joe Kernen on Monday called New York Times columnist Paul Krugman a communist. Kernen expressed the same sentiments for economist and Huffington Post contributor Dean Baker (video follows with transcript and commentary):

For several years the left and their media minions have claimed that by bailing out Chrysler and General Motors, President Obama saved Detroit. On Friday, the perilously liberal schlockumentarian Michael Moore debunked this in an article at the Huffington Post astonishingly saying, "No, he didn't."

Corporate CEOs, consider yourself warned -- even if you don't accept government bailouts, leftists in media will revise history and claim you did. Among the most pernicious practitioners of this is MSNBC loose cannon Ed Schultz, who also hosts a weekday radio show. (audio clip after page break)

In his Jackson Hole, Wyoming presentation today, Federal Reserve Chairman Ben Bernanke, as reported by Paul Wiseman at the Associated Press, made the following claim in connection with the Fed's programs of "quantitative easing" (QE): "Bernanke argued Friday that collectively, such measures have succeeded. He cited research showing that two rounds of QE (quantitative easing) had created 2…

This afternoon, NB's Kyle Drennen did a great job of runnng down the pathetic contention by establishment press "fact-checkers" that vice-presidential candidate Paul Ryan somehow lied or misled viewers during his speech Wednesday night concerning the closure of the General Motors plant in Janesville, Wisconsin and what presidential candidate Barack Obama said at the plant in 2008. No, WaPo, …

During MSNBC's August 29 GOP Convention coverage, Ed Schultz and Al Sharpton made patently false remarks during their post-speech commentary of Rep. Paul Ryan. Congressman Ryan was slammed concerning statements he made about the closure of the Janesville General Motors plant.  Rep. Ryan reiterated that President Barack Obama promised to keep the plant open, but then shut it down.  The left-…

Sam Youngman at Reuters, and several others have attempted to pounce on a comment about "big business" GOP presidential candidate Mitt Romney made at a Minnesota fundraiser on Thursday as some kind of equivalent to President Obama's out-of-touch assertion that "the private sector is doing fine" back in June. In fact, what Romney actually said in large part explains why the private sector isn'…

Matthew Yglesias has been posting at Slate.com, supposedly a paragon of online establishment press journalism, as a business and economics correspondent since November of last year. His background is unmistakably leftist: ThinkProgress, the Atlantic, TPM Media, and the American Prospect. On Saturday, a Yglesias found a blog post which was apparently too good to check at The Richmonder, a…

Since Mitt Romney is supposedly responsible for the death from cancer of a woman who died in 2006, seven years after the presumptive GOP nominee left Bain Capital, it seems more than fair to talk about what has resulted from the Obama administration's blatant favoritism towards UAW members while shafting former Delphi salaried workers. Tonight, the Associated Press's Adwatch entry by Stephen…

General Motors didn't have a very good second quarter, as the Associated Press's Tom Krisher duly noted on Thursday. What Krisher didn't note, and what almost no one in the establishment press ever notes, is the fact that the company doesn't have to pay any income taxes on its U.S. profits until it uses up losses carried forward from before its 2009 bankruptcy filing accompanied by at least $…

For the past two weeks Barack Obama's media minions have been working overtime trying to convince the American people the President was taken out of context during his now infamous "You Didn't Build That" speech in Roanoke, Virginia. CNN's Donna Brazile and the Washington Post's Ruth Marcus tried making that pathetic claim on ABC's This Week Sunday only to receive a much-needed education from…

New York Times economic columnist Paul Krugman made a statement Sunday about the looming end of the year tax hikes and spending cuts that is likely to raise some eyebrows on both sides of the aisle. Appearing on CNN's Fareed Zakaria GPS, Krugman said, "If Obama’s reelected, I think that there’s a quite good chance that for a month or two we actually will go off the cliff" (video follows with…

Here’s a really scary thought: New York Times columnist Paul Krugman wants to replace Ben Bernanke as the Chairman of the Federal Reserve. The perilously liberal economist actually said this in a segment of CNN’s Fareed Zakaria GPS to be aired Sunday (video follows with transcribed highlights and commentary):

No matter how inane or damning his comments and answers to inquiries, it appears that Obama Treasury Secretary Tim Geithner can continue to count on favorable coverage from the Associated Press, aka the Administration's Press, aka the Administration's Protection. The AP's Marcy Gordon, with the help of her story's headline writer, made Geither's appearance before the House Committee on…