Bailouts

Newsweek's Evan Thomas on Friday tried to float the typical media meme that neither Party is doing anything to solve our nation's budget crisis. Unfortunately for him, fellow "Inside Washington" panelist Charles Krauthammer accurately noted that the Republicans have offered a proposal to cut $6.6 trillion in the next ten years, "but the Democrats have done nothing except to demagogue the plan…

Christy Romero, the acting Special Inspector General for the TARP bank bailout program, told the House Financial Services Committee on Tuesday that the Dodd-Frank financial regulatory law may not end the “too big to fail” policy and the moral hazard surrounding it. Testifying before the House Financial Services Committee’s Financial Institutions and Consumer Credit Subcommittee, Romero said…

UPDATE AT END OF POST: Headline changed to "Goofy." The next time one of your liberal friends tells you there isn't any bias in the media, show him or her the following headline published Tuesday by CNN Money's senior writer Jeanne Sahadi. "Wingnut Debt Ceiling Demands" was actually placed directly above a picture of Republican presidential candidate Newt Gingrich, former Alaska governor…

CNN's Eliot Spitzer arrogantly lectured about the benefits of Keynesian economics Sunday while accusing fellow panelists on "Fareed Zakaria GPS" of not knowing what they were talking about because they weren't business owners. This led British historian Andrew Roberts to point out that President Obama's administration are mostly academics, and Ann Coulter to ask Spitzer, "What business have…

Early Tuesday morning, David Shepardson and Christina Rogers at the Detroit News ("GM's Akerson pushing for higher gas taxes") reported that General/Multi-Government Motors CEO Dan Akerson "wants the federal gas tax boosted as much as $1 a gallon to nudge consumers toward more fuel-efficient cars." Later in the interview, Akerson was much more emphatic about what he would like to see done…

The educated guess here is that Washington Post fact checker Glenn Kessler is currently not the most popular person in the White House. On Saturday, in a relatively rare rebuke originating from what G. Gordon Liddy has mockingly derided as "Washington's quaint little alternative newspaper" (daily circulation 741,000 in March 2005, 551,000 in March 2011), Kessler ripped into the President's…

Fox News's Greta Van Susteren on Saturday took issue with New York Times columnist Charles Blow's recent piece "False Choice." In it, the perilously liberal commentator criticized Republicans for wanting to solve the nation's economic woes with a mixture of tax and spending cuts:

CBS's Erica Hill hounded newly-announced Republican presidential candidate Mitt Romney on Friday's Early Show about his 2008 proposal to allow the Big Three auto companies to go into bankruptcy proceedings instead of bailing them out: "Based on what we've seen in the auto industry, weren't you wrong in this case?" By contrast, her co-anchor, Chris Wragge, went easier on DNC Chair Debbie…

NewsBusters readers are well aware that we like to point out when arrogant, pompous, holier-than-thou liberals make completely false statements on the air and in print. Bill Maher marvelously did so on HBO's "Real Time" Friday claiming that the Bush tax cuts have so far given a total of $2.8 trillion to the richest one percent of Americans (video follows with transcript and commentary):

An otherwise straightforward report on bad economic news on Friday's NBC Today cited economist Diane Swonk, who argued government stimulus prevented things from getting worse: "We basically had a massive coronary during the financial crisis....Financial stimulus and monetary stimulus, you know, got us to the stage where we're healing but we're in still in a lot of rehab." Correspondent Tom…

On Friday's Early Show, before the new 9.1% unemployment figure came out, CBS's Dean Reynolds bewailed how President Obama is being "saddled" by the "stubbornly sluggish economy." Reynolds played up how "GM, Ford, and Chrysler have all returned to profitability," and tracked down a beneficiary of the auto industry bailout, who sang the praises of the Democrat. [Audio clips from Reynolds's…

MSNBC's Chris Matthews on Thursday got a much-needed economics lesson from CNBC's Joe Kernen. In the midst of a discussion about the economy and how it's going to impact the 2012 elections, the "Hardball" host bragged about having studied economics in grad school leading Kernen to marvelously ask, "You studied economics?" (video follows with transcript and commentary):

It never ceases to amaze me what people on MSNBC are willing to say while cameras are rolling. On Wednesday, the perilously liberal Cenk Uygur - with a straight face no less! - told Congressman Brian Bilbray (R-Calif.) in the midst of a budget discussion, "I'm actually a fiscal conservative" (video follows with transcript and commentary):

Despite Obamanomics' failure to stimulate the economy, Nobel laureate Paul Krugman still believes Washington can solve all that ails us if we would just spend more money we don't have. Toward that end, the avowed liberal in his Monday New York Times column called for a new New Deal-like program to hire unemployed people to - wait for it - repair roads: