Bailouts

Imagine for a moment an American newspaper publishing a column with the following opening sentence:Has Barack Obama’s presidency already failed? Not in a million years, right?Well, on Wednesday, one of the most respected international publications, the Financial Times of London, published such an article written by its associate editor and chief economics commentator Martin Wolf. In it was an…

In excerpts aired on Tuesday's World News, of Terry Moran's interview with President Barack Obama for Nightline, Moran was as sycophantic toward Obama as he was during the campaign, lamenting Obama “got no honeymoon” and bemoaning the new President had been “too nice” to Republicans. “Mr. President,” Moran rued in overlooking the ongoing honeymoon from the media, “you got no honeymoon. Not a…

The Obama-loving media might adore flowery rhetoric with little substance, but stock investors sure don't.That's what traders and market professionals said was responsible for Tuesday's stock market collapse after Wall Street was tremendously disappointed with the lack of specifics in the highly-anticipated bank rescue plan presented by newly confirmed Treasury Secretary Timothy Geithner. As such…

On Tuesday's "Good Morning America," financial correspondent Bianna Golodryga promoted the efforts of a radical housing group run by CEO Bruce Marks, a self proclaimed "bank terrorist." Of course, Golodryga skipped that description and glossed over the extreme actions of the Neighborhood Assistance Corporation of America [NACA]. Instead, she simply asserted that the organization tries "to help…

A week ago (at NewsBusters; at BizzyBlog), I noted that government bailout recipients General Motors and Chrysler had horrible sales in January, and that their declines are accelerating. GM was down 49% year over year in January, compared to -32% in December; Chrysler was down 55% in January, compared to -53% in December. Meanwhile, the companies' main foreign competitors turned in January sales…

The winter in Alaska has been a particularly harsh one this year. The early winter piled on top of economic hard times has caused some troubles for native people and those that live in remote areas in Alaska. But this is not a new tale of woe, it IS Alaska, after all. While nothing to entirely dismiss, one wonders, why CNN suddenly found this story so compelling? Could it be that they want to…

"I think it's a weaker deal than he thinks," MRC's Rich Noyes told Fox Business Network's Brian Sullivan, referring to President Obama's hopes for passage of the stimulus package. Noyes appeared on Fox Business Network's "Cavuto on Business" program shortly after 6:30 p.m. EST to discuss President Obama's campaigning for his stimulus package.While Obama campaigned on the vague notion of "change…

Matt Lauer invited on two Senate supporters and no opponents of Barack Obama's stimulus bill, on Monday's "Today" show and asked pro-stimulus bill questions to his guests, even chiding those who opposed it, when he asked Republican Senator Susan Collins about two of her GOP colleagues who are against it: "So what do you get that those two are not getting?" Lauer, also depicted a gloomy picture…

On Friday's CNN Newsroom, anchor Rick Sanchez dazzled viewers with his profound grasp of economics.  His guest was CNN chief business correspondent Ali Velshi, whose most recent achievement was being called "incompetent" by Rush Limbaugh: SANCHEZ: You know, it's funny, but, as I hear him (President Barack Obama).talk, I'm just thinking, tax cuts are spending, right? I mean, they really are,…

With the turndown in the economy and the crisis in the financial services industry, capitalism bashing has become all the rage at mainstream media outlets.From making fun of corporate jets to lambasting executive pay, liberal press members are creating a cottage industry blaming all the world's problems on the free market.Unfortunately, there are economic consequences for this "Capitalism…

As the financial crisis hit last September, NewsBusters regularly informed readers of the truth behind the matter, and that media assertions the Bush administration was to blame were politically motivated falsehoods intentionally designed to get Barack Obama elected president.On Saturday, the financial publication Barron's offered readers an editorial by Hoover Institution visiting fellow Scott S…

While the Obama administration and its media minions castigate financial industry executives for their so-called greedy ways, a couple of inconvenient truths are going largely un- or under-reported: one bank being criticized for a lavish convention in Las Vegas was forced to take TARP money in October, while another is trying to pay back the funds to regain its autonomy.As the press had a field…