Bailouts

Of all the things for CNN to pick as an e-mail alert topic, AutoNation's profitable first-quarter results seemed quite an odd selection. But there it was:It appears that CNN wanted harried readers who wouldn't dig deeper to think that the "auto industry" as a whole is recovering, or at least stabilizing, and that maybe there's even a way out for General Motors and Chrysler that doesn't involve a…

Almost a year ago, I was posting on what I called the "Supply-Side Stunner" (at NewsBusters; at BizzyBlog).In April 2008, the US Treasury collected an all-time record $407.3 billion ($403.75 billion after subtracting the first $3.35 billion wave of stimulus checks, which really should have been treated as outlays, that went out just before month-end). It was an indication that, as I said at the…

Ladies and Gentlemen, The Lamestream Media The media coverage of the more than 800 Taxed Enough Already (TEA) Party protests that took place in all fifty states on April 15 ranged from disdainful dismissal of their nature, significance and import, to outright hostility towards the events and individual participants, to sexual innuendo-based full-on ridicule…

Update at end: NBC5's Bob Sirott responds to this postPersuading Americans that Barack Obama is an effective president won't be easy.  So local news outlets are lending a hand when they can.  This was obvious last night on Chicago's NBC5 News at 10.  Anchor Bob Sirott reported:And now to a sign the president's economic stimulus is working.  Bank of American today announced a $2.8 billion profit…

It was either an effort to avoid blaming individuals for ill-advised borrowing or an effort to vilify the banking system, but a segment on the April 20 "CBS Evening News" took a very one-sided view of credit-card lending.  On a day bank stocks struggled and dragged the Dow Jones Industrial Average (DJIA) down nearly 300 points, "Evening News" scrutinized the current state of the banking system's…

Back in the fall, you would have thought from the media coverage of the TARP debate and its eventual passage that some sort of crime had been committed when the House didn't pass it the first time around. "CBS Evening News" anchor Katie Couric demanded to know from House Minority Leader John Boehner, "What in the world are you people doing?" on her Sept. 29 broadcast. However, there was a side…

As Tea Parties ensued from coast to coast last week, the Obama administration and their media minions depicted attendees as not understanding that the new president has decreed taxes will be going down for 95 percent of Americans.On Sunday's "Meet the Press," Washington Post business columnist Steven Pearlstein let the cat out of the bag: Tea Partiers are right. Taxes are going up.This revelation…

Despite all the criticisms of the Fox News Channel broadcasted on MSNBC for promoting tea party coverage, one thing hasn't been pointed out - how the NBC networks, including CNBC and MSNBC are given a pass for their shameless promotion of their Green Week and Green is Universal network events. Jonah Goldberg, editor-at-large for National Review and author of "Liberal Fascism," appeared on Fox…

In an outrageous calumny, Chicago Sun-Times columnist Neil Steinberg has decided that the nearly one million Americans that attended the tax day tea party protests all across the country must not care about our military veterans. Considering a large number of these very same protesters were military vets, I'd bet that Steinberg's blinkered figuring would come as quite a surprise to them. In his…

Are "the suits" looking for Rick Santelli's head? General Electric CEO Jeffery Immelt, thought to be one of Keith Olbermann's biggest supporters, and NBC Universal President Jeff Zucker are reported to have called some of CNBC's on-air talent to a secret meeting at least if the The New York Post's Page Six column for April 16 has it right. The meeting was called to scold the cable yackers for…

CNN's Susan Roesgen has had a rough week, what with all the ordinary American/First Amendment practitioners bashing she so passionately and obnoxiously delivered in her TEA Party reporting.Perhaps it was the sniping at the place she twice applied in 2005 - Rupert Murdoch's House of Ratings, otherwise known as Fox News - that put her over the edge.Or whether or not her email box was so overwhelmed…

CNN's Susan Roesgen, whose anti-TEA Party pseudo-reporting made her a legend in her own mind, and a biased Obama-flack hack in ours, is in the news on her own (de)merit again today.One peculiar line from one of her peculiar rant-filled reports was that the TEA Parties were being "anti-CNN" because they were "highly promoted by the right-wing conservative network Fox."Well it turns out she wasn'…