Bailouts

Charlie Rose omitted mentioning the continuing high unemployment rate as he interviewed Treasury Secretary Tim Geithner on Tuesday's CBS This Morning. Rose also forwarded a criticism Geithner from the left, that the Cabinet official was "too friendly to the banks, because he knew them from his years at the New York Fed." The anchor also didn't challenge the Obama administration official's…

Obama campaign adviser David Axelrod and his hatchet people are still yammering about GOP presidential rival Mitt Romney's overseas investments. It's time for the Romney campaign to educate voters about all the shady financial institutions embraced by Democrats right here on American soil. The fat-cat narrative attacks on Republicans won't go away by making nice with the White House — or by…

The Jurassic Press is missing much in their reporting on the $50 billion bailout of General Motors (GM).  The Press is open channeling for President Barack Obama - allowing him to frame the bailout exactly as he wishes in the 2012 Presidential election.  The President is running in large part on the bailout’s $30+ billion loss, uber-failed “success.”  And the Press is acting as his…

Here's how a "Business Highlights" item at the Associated Press summarized the situation between Timothy Geithner and London banks whose officials had admitted to rigging the London Interbank Offered Rate ("Libor") on Friday evening: "The Federal Reserve Bank of New York released documents Friday that show it learned five years ago of big banks understating their borrowing costs to manipulate a…

The Jurassic Press was in full-throated ObamaChorus mode in reporting on General Motors (GM)’s allegedly strong June sales. Very few failed to receive the sheet music.

Here's an indication of just how discredited the word "stimulus" is becoming: European leaders today agreed on a $163 "growth package" of some kind. The leaders were apparently very reluctant to describe it. At a Los Angeles Times blog this morning, Sarah Delaney's coverage mostly bought into what appears to be a charade, but the headline writer at the paper's home page didn't get the memo.

We at NewsBusters have been calling MSNBC's Chris Matthews a sycophant for Barack Obama since at least February 2008 when the so-called journalist bragged on the air about getting a thrill up his leg at the sound of the former junior senator from Illinois' voice. It was therefore quite pleasing to hear former Republican National Committee chairman Michael Steele tell the Hardball host that to…

President Obama made quite a gaffe Friday when just one week after the Labor Department announced horrid jobs numbers for May, he claimed "the private sector is doing fine." Appearing on CBS's This Morning Monday, New York Times columnist and unashamed Obama shill Paul Krugman covered for the current White House resident saying, "He screwed up the line" (video follows with transcribed…

The $82 billion auto bailout has been a Crony Socialist nightmare mess. We’re going to lose at least $30 billion on the deal.  And that’s only if the Barack Obama Administration’s math can be trusted - a dicey proposition at best. The Administration eviscerated two hundred-plus years of bankruptcy law, throwing bond holders over the side to over-reward their United Auto Workers shock force…

Fareed Zakaria on Sunday actually asked former Obama Chief of Staff Rahm Emanuel if the president should "run a campaign against a do-nothing Republican Congress." Such actually transpired on CNN's Fareed Zakaria GPS, a program hysterically presented by the so-called "Most Trusted Name In News" (video follows with transcript and commentary):

Peter Goodman, the business editor for the perilously liberal Huffington Post, has come up with a new highly-derogatory term for people on the right that believe there isn't an unlimited amount of money at the government's disposal. His Monday headline read, "Bleeding Cash Conservatives Wasting Money To Punish Vulnerable Americans":

Readers are strongly advised to remove food, fluids, and flammables from proximity to their computers prior to reading any further. You've been warned! New York Times columnist Paul Krugman said on ABC's This Week Sunday, "It's terribly unfair that [President Obama is] being judged on the failure of the economy to respond to policies that had been largely dictated by a hostile Congress" (…

As we approach Election Day, it's becoming more and more important for the Obama-loving media to give credit to the President for the economies of swing states governed by Republicans that are doing better economically than the rest of the country. Candy Crowley did her part on CNN's State of the Union Sunday by asking Governor Bob McDonnell (R-Va.), "Don’t you credit President Obama at all…

As NewsBusters previously reported, England's Telegraph published an article last Thursday with the absolutely glorious headline "Britain Can’t Afford to Fall for the Charms of the False Economics Messiah Paul Krugman." On Wednesday, appearing on a broadcast of BBC's Newsnight, Krugman got a much-needed education from a conservative member of the British parliament who said she found his view…