Bailouts

Despite the cost of the auto bailout to taxpayers, CNN hailed the subsequent resurfacing of GM as a "pretty amazing" feat and took a jab at the original opponents of the bailout, which included current presidential candidate Mitt Romney. Thursday's John King, USA featured fill-in host Kate Bolduan and business correspondent Ali Velshi wagging their fingers at Romney and the naysayers.     "…

“Did President Obama save General Motors?” CBS’s Dean Reynolds asked General Motors Chairman and CEO Daniel Akerson as both sat inside a GM plant. On Thursday’s CBS Evening News, Akerson affirmed he did and “the Obama administration did a good job.” Reynolds pointed out how Mitt Romney “argued the bailout was unnecessary, and that the regular bankruptcy process would have made GM and…

Leading off Wednesday's NBC Nightly News, anchor Brian Williams spun hard for the Obama administration as he distorted Mitt Romney's opposition to the government bailout of the auto industry: "The fight for Michigan as Mitt Romney scrambles to explain to the voters in his home state why he thought the auto industry should be allowed to fail." Having ignored the fact that Romney called for a…

According to CNN's Soledad O'Brien, the auto bailout led to a "pretty incredible resurgence" in the American auto industry. She grilled Congressman Mike Rogers (R-Mich.) on Thursday morning over candidate Mitt Romney's previous opposition to the bailout, saying that his opposition and the auto industry's eventual success could become a "huge, huge problem" for the candidate. "[H]e was…

Previewing the Michigan primary, ABC’s David Muir found three Chrysler workers to boast of how the Obama administration’s auto bailout “worked” and “it would have been devastating” if Mitt Romney had his way and it didn’t occur. Muir cued up the workers to confirm “all of you had your jobs saved?” Muir did note that “Romney says it’s the billions in government bailout money that came with it…

Sometimes you read the most interesting things in those supposedly boring trade publications. One such item of interest comes from an article in Manufacturing News (HT to an emailer) written by Richard A. McCormack which is primarily about the Mainland China's designs on the worldwide auto parts industry, including the U.S. Some of the larger American unions are demanding that the…

In a panel discussion on Wednesday's NBC Today, committed liberal and advertising executive Donny Deutsch denounced critics of Chrysler's Super Bowl ad: "Republicans should be quiet because by saying this is a Barack ad, you're saying this is America the beautiful, America is on its way back....They're looking like fools." Moments later, Deutsch admitted the ad touted an Obama accomplishment…

Despite Clint Eastwood's pronouncement Monday that he is "certainly not politically affiliated with Mr. Obama," the President's fans in the media are doing a victory lap over Super Bowl Sunday's Chrysler commercial featuring the Oscar-winning actor and filmmaker. So excited by this ad was MSNBC's Ed Schultz Monday that he disgustingly asked his audience, "Will voters hold Republicans…

On Tuesday, Ken Thomas of the Associated Press covered President Barack Obama's appearance at the Washington Auto Show and allowed Obama's criticism of Mitt Romney as being among those "willing to let this industry die" to stand, ignoring known history in the process. Obama's statement marks him as a true ingrate, because for better or worse (my opinion: worse; your mileage, so to speak, may…

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):

Well, isn't this rich? And I do mean rich. President Obama, man of the people, will deliver his presidential nomination acceptance speech at the Bank of America Stadium in Charlotte, N.C. — so that Democratic Party fundraisers can reward big donors with skyboxes and other lavish perks. As usual, the White House and its allies are trying to camouflage naked partisan money-grubbing in populist…

On Friday, the White House engaged in its customary document dump, mostly secure in the knowledge that a lazy establishment press would, as usual, pay it little heed and then declare it to be old news by Monday morning. Ed Morrissey at Hot Air identified the significance of documents relating to now-bankupt Solyndra, the California-based solar panel manufacturer which borrowed $535 million…

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…

UPDATE: James Pethokoukis at the American Enterprise Institute's blog has more, including the possibility that the original story misidentified "Bain Consulting," as well as a theory as to the story's original source. It looks like someone ran with something they thought was too good to check. A retraction described as a "Correction" currently on CNBC's web site tells readers: "A previous…