Bailouts

**UPDATED WITH VIDEO** In the ever-expanding aura of liberal hysteria surrounding MSNBC, Chris Matthews is regularly outpaced by the formerly coherent sportscaster, Keith Olbermann.  But Matthews may have won the nightly laurel wreath last night, with his insight on Sarah Palin’s warning against federal bailouts.The offending quote from Palin is not unlike many other things heard from other…

Ed Frank created an interesting little video that serves as a stark reminder of how harsh the Old Media was on Bush's "faltering" economy in comparison to today's hearts and flowers style of reporting during the age of Obama, even though the stats are far, far worse under Obama than they ever were under Bush. Frank's video is shocking for its revelation of how Bush was slapped around and how…

There is happy-talk and then there is delusion. The Associated Press has just approached the delusional stage with its recent assessment of what the unemployment numbers mean. Absurdly, the AP seems to imagine that the continued job losses under Obama means that job hunters are experiencing "raising hopes"! It's like sitting on the Titanic pleased that taking on water raises hopes that a nice,…

Even if they ultimately lose their last-minute court battle, the Indiana pension funds defending their rights as secured first-lien creditors of Chrysler have done a valuable deed. We have learned, among many other things, how at least one government lawyer characterized the funds' lawyer, Thomas Lauria. A $10,000 Democratic Party donor, Lauria, despite clear evidence of intimidation of his…

On CNBC, Tony Fratto, former White House Spokesman for President Bush, has used the nice word -- that would be "deception" -- to say that Barack Obama is lying about his claims that his "stimulus" efforts saved any American jobs. Not only does Fratto devastate the administration's claims to have saved jobs, but he rightfully points out that the lapdog media is letting Obama get away with the…

In what could be a new record for the Morning Joe crew, Joe Scarborough exploded into an anti-media rant today – a mere six minutes and forty-one seconds into the show.  From review of the tape, it is clear that Scarborough had not missed his morning coffee – so that was apparently not the reason for his detonation.  What, then, set Scarborough off?This Scarborough eruption was brought to you by…

Roll Call is reporting that during the typical Friday afternoon document dump -- a practice used to hide actions that might prove somewhat embarrassing to the White House -- the administration quietly announced that some of the former restrictions on lobbying ballyhooed about during the late campaign have been lifted. And now, we have to wonder: will the media notice this sudden change? I mean, a…

"Dealergate" is a term referring to a collection of evidence indicating that dealership termination decisions at bankrupt Chrysler may have been based on factors other than maximizing the chances that the company, post-bankruptcy, will be viable and profitable. Josh Painter at RedState has a roundup focusing on what have been the primary concerns, which continue to be vetted by Doug Ross (here,…

Earlier today at my blog, I noted in a post updating the sad situations at bankrupt Chrysler and headling-for-bankruptcy General Motors, that GM is, according to a Wednesday Reuters report, offering secured bondholders a much better deal than the 29 cents on the dollar Chrysler's secured creditors have been offered. Chrysler's "non-TARP secured lenders," after what they allege with much…

On May 15, I posted (at NewsBusters; at BizzyBlog) on the Obama administration's and government-run Chrysler's blatant deception concerning whether plants would be closed as a result of the company's bankruptcy filing. Specifically, on April 29 and 30, Obama, the administration and Chrysler told senators, congressmen, state and local politicians, and local and regional union leaders that the…

Imagine if in December George W. Bush and his administration had: Decided to issue the initial bailout billions to General Motors but not Chrysler, thereby forcing Chrysler into bankruptcy.Had his advisers get on the phone with elected officials in towns and states where Chrysler has plants and told them that the bankruptcy was about to happen.Said that the Chrysler bankruptcy "will not disrupt…