Bailouts

The current headline at a June 29 New York Times story by Peter Eavis, also appearing on the front page of today's print edition, is "Loads of Debt: A Global Ailment With Few Cures." But the last portion of the story's web address is "... trillions-spent-but-crises-like-greeces-persist.html." That's because the original headline, the one used at the Times's Twitter account — was "Trillions Spent…

In their coverage Monday night of the debt crisis in Greece, ABC and NBC refused to label the current Greek government as socialist, far-left, or even left-wing with ABC neglecting to even explain why Greece has found itself in such a precarious position as they stand to possibly default on their billions of dollars in debt and/or leave the Eurozone. In contrast to both networks, the CBS Evening…

In case you missed it, the City of Baltimore and the State of Maryland have requested disaster relief assistance from the Federal Emergency Management Agency (FEMA) to recover costs incurred during that city's April riots. You read that right. Yvonne Wenger at the Baltimore Sun predictably buried the lede in her May 26 story's third paragraph, giving uninitiated readers the impression that…

Given how much wailing and gnashing of teeth there was in the press when the old Hostess liquidated in 2012, a mid-April story at Forbes on the company's has gotten surprisingly little attention. Well, maybe it's not that much of a surprise, for reasons which will be indentified here. Readers may recall that the final straw in that drama occurred late that year when the the AFL-CIO-affiliated…

On Tuesday, Associated Press reporter Martin Crutsinger celebrated the federal government's large April budget surplus, caused by "a flood of tax payments (which) pushed government receipts to an all-time high." He didn't mention that the tax payments were higher largely because of tax increases passed in 2013. It certainly didn't occur because of an improving economy — because it's not…

Even Charles Babington at the Associated Press, for once not the completely beholden Administration's Press, seemed to be having a hard time buying what Democrats at a meeting in Philadelphia were selling. Unfortunately, he decided to let Joe Biden's direct contradiction of his party's congressional delegation's sunnyside-up stance on the economy go unreported. In a video carried at the Weekly…

In a report on the upcoming Greek elections, an unbylined Friday afternoon Associated Press report dusted off words seldom seen in their dispatches, using the term "radical left" twice and the word "radical" separately once for good measure. The almost never seen terms — virtually invisible in decades of descriptions of longtime radical leftists like Fidel Castro, the late Hugo Chavez or lefty…

The limited government, anti-bailout Tea Party movement party turned five years old on Feb. 27. They marked the occasion with an event in Washington, D.C. including speakers Rep. Michele Bachmann, R-Minn. Sen. Rand Paul, R- Ky., and Sen.Ted Cruz, R-Texas. But after the five years of the media painting tea partiers as “wingnuts” and “racist” time and again, ABC, CBS and NBC went virtually…

CNBC’s Rick Santelli recalled the five-year anniversary of the stimulus, housing bailout and blowing “a gasket” during “Squawk on the Street” today. “On Feb. 19 I blew a gasket. But basically, what was born at that point was the voice of dissension. How do we know that? Many of course still remember the IRS issues. President said maybe there wasn’t a smidgen of, of, of negativity there or…

Five years ago, CNBC’s Rick Santelli reacted to the possibility of a mortgage bailout with frustration on live television. Quickly, his speech on the trading floor became known as the “rant heard round the world.” Santelli, an on-air editor who reports live from the Chicago Board of Trade, is frequently interviewed during “Squawk Box” and “Squawk on the Street.” It was during one of those…

In yet another negative milestone for the bailouts that supposedly saved the U.S. auto industry — already a hard-to-handle claim given that Chrysler, one of the two beneficiaries, is now 100% owned by an Italian company — Volkswagen has surpassed General Motors as the world's number two automaker behind Toyota. The reporting on this development has been quite sparse. It's not news at the…

On CNN’s State of the Union Sunday, host Candy Crowley asked a question of Gov. Scott Walker (R-Wisc.) that should offend people on both sides of the aisle. “If I am an unemployed American…or if I am a minimum wage worker…why would I become a Republican?” (video follows with transcript and commentary):

Former Federal Reserve Chairman Alan Greenspan made some rather ominous economic observations Sunday. Appearing on CNN’s Fareed Zakaria GPS, Greenspan said, “[T]he level of uncertainty about the very long-term future is far greater than at any time I particularly remember.” He blamed it on “government intervention [that] has been so horrendous that businesses cannot basically decide what to…

Just when you think liberal radio host Mike Malloy can't say anything crazier than he already has, out comes another gem. On Monday as the President and his Party were refusing to compromise with House Republicans thereby setting the wheels in motion for a government shutdown, Malloy called the GOP "religious psychopaths" who "want women to get cancer," "girls to get sexually transmitted…