Bailouts

With all the populist sentiment generated from the economic slowdown by politicians, CNBC "Mad Money" host Jim Cramer is seeing eerie similarities with the comments of President Barack Obama and the words of a communist revolutionary. Cramer, appearing on MSNBC's Feb. 2 "Morning Joe," drew comparisons between remarks between the first head of the Soviet Union, Vladimir Lenin, and Obama. Obama…

Despite what media members and government officials claim to be the worst economy since the Great Depression, NBC completely sold out -- at a record high price no less!!! -- its full complement of ads for Sunday's Super Bowl.If the economy was really as bad as we're constantly hearing, given this somewhat low marquee matchup -- this isn't the Giants vs. the Patriots or the Cowboys vs. the…

CNN's Campbell Brown isn't happy with what Rush Limbaugh said about her colleague Ali Velshi Friday, and has invited the conservative radio host to debate him on her program.As some background, Velshi was on Brown's "No Bias, No Bull" show Thursday and claimed: "This is not the economy that Ronald Reagan ever saw or anybody with the last name Bush ever saw, or Clinton. We have not seen anything…

I was dismayed and angry to learn recently that the Philadelphia Inquirer is seeking a $10 million government bailout from my home state of Pennsylvania. My own discontent and the discontent of NB commenters over the possible bailout was made clear in my earlier NewsBusters post on the subject but now its apparent that we are not alone. Chris Freind of the Philadelphia Bulletin, the reporter who…

Showing that Barack Obama is fighting for the common man, on Friday’s CBS Early Show correspondent Jeff Glor reported on the President’s reaction to big bonuses on Wall Street: "For a man who prides himself on being cool, this was a rare flash of anger, if planned. A tongue-lashing directly from the Oval Office, which is indicating now they will look to change the rules if Wall Street doesn't…

House Speaker Nancy Pelosi (D-Calif.) at a press conference in support of the Democrats' stimulus proposal, January 28, 2009.   Photo AFP/Getty/Mark Wilson

In one of the more insulting comparisons seen in recent memory, Albany Times Union editorial cartoonist John de Rosier does a major disservice to the honorable men who served during the Battle of Iwo Jima, by depicting recent efforts of Democrats to pass a non-stimulating ‘economic stimulus plan' as equally heroic. The cartoon shows Democrats in the role of the Marines featured in the Iwo Jima…

The Gross Domestic Product declined by 3.8 percent in the final quarter of 2008.It was bad, but nowhere near as bad as expected.Is it possible that all the hysterical gloom and doom emanating from the media is way overdone, and that things are not close to as apocalyptic as we've been told the past five months?Consider the actual numbers reported Friday morning by MarketWatch:

On Thursday, NewsBusters asked, "How Will Media Cover Rush Limbaugh's Bipartisan Stimulus Plan?"Moments later, we got our first clue as the conservative talk radio host was interviewed by CNBC's Erin Burnett and Mark Haines.UPDATE: Better functioning video now embedded; bonus "Fox & Friends" interview video also added at end of post.Most fascinating, Burnett, who has come across as left of…

Conservative talk radio host Rush Limbaugh wrote an op-ed in Thursday's Wall Street Journal wherein he offered a bipartisan stimulus plan to get the economy going.As not one Republican voted for President Obama's economic package in the House Wednesday despite his campaign promises to usher in a new era of bipartisanship, given the media's focus on Limbaugh of late one would expect his now-…

Between Election 2008 and the early moments of the Obama administration, it was assumed a new New Deal was coming complete with massive infrastructure projects. But, now the stimulus package is so full of other things even some of the most unlikely news outlets have noticed. In an amazing moment of clarity, resembling the end of a Hardy Boys novel after Frank and Joe solved a mystery, CNBC "Mad…

We all wondered if it would happen. NB readers said it would very soon. NB author Tom Blumer even predicted this would be the year for it. Now the largest newspaper in Philadelphia is requesting a bailout. In a perfectly ironic fashion it took a lawsuit for the public to learn that the Philadelphia Inquirer is seeking $10 million dollars from the state of Pennsylvania. The bailout request was…

Wednesday’s Good Morning America led into an interview with House Republican Leader John Boehner about the massive Democratic “stimulus” package with a deluge of horror stories about the awful economy: an elderly man who froze to death after failing to pay his power bills; a new report declaring the need for $2 trillion in new infrastructure spending; and an unemployed man who killed his family…