Bailouts

"One reason people think Republicans are to blame for government shutdowns is that so much of the media keep telling them that that's the case." So marvelously stated Brit Hume on Fox News's Special Report Monday (video follows with transcript and absolutely no need for additional commentary):

If you listened to Obama-loving media members in recent weeks, the end of the world happens midnight Monday if Republicans don't agree to immediately fund the government. Yet with a shutdown only hours away now, the financial markets clearly don't seem to be at all concerned that what is happening in Washington will have much of an impact on the economy.

As NewsBusters previously reported, Tea Party Congressman Raul Labrador (R-Id.) on Sunday's Meet the Press made a fool of MSNBC's Chris Matthews over his lack of knowledge regarding how many times the government shut down when his former boss Tip O'Neill was Speaker of the House. As it turns out, the Washington Post also mocked Matthews for his ignorance last Thursday in a piece deliciously…

Chris Matthews has a new book out about his former boss the late Speaker of the House Tip O'Neill. Despite this, the MSNBC host was made a fool of on Sunday's Meet the Press by Tea Party Congressman Raul Labrador (R-Id.) concerning how many times the government was shut down when O'Neill ruled the House (video follows with transcript and commentary):

ABC is reporting that it is now almost certain Congress and the White House will not reach an agreement to avoid a government shutdown. On Sunday’s This Week, ABC’s chief White House correspondent Jonathan Karl said, “I would now put the chances of a government shutdown at 99.9 percent” (video follows with transcript and commentary):

Former Clinton Labor Secretary Robert Reich typically spouted Democrat talking points Sunday concerning the battle over raising the debt ceiling and defunding ObamaCare. Fortunately for viewers of ABC's This Week, CNN's Newt Gingrich was there to smack down Reich saying, "This is historical baloney" (video follows with transcript and commentary):

Most of America’s media think President Obama's 2009 bailout of General Motors and Chrysler was a huge success. Former Massachusetts Democratic Congressman Barney Frank threw cold water on this meme on NBC’s Meet the Press Sunday correctly informing viewers that the auto bailout lost money for the federal government. By contrast, we made money from George W. Bush's 2008 bank bailout (video…

I guess we should acknowledge a tiny improvement when an ordinarily in-the-tank apparatchik like Jim Kuhnhenn at the Associated Press expresses even the slightest bit of skepticism about a White House claim. But let's not take it too far. Kuhnhenn is reporting in a brief "Big Story" item this morning that President Obama "is laying claim to an economic turnaround and warning Republicans not…

If we're to believe Tom Raum's Friday afternoon report at the Associated Press, aka the Administration's Press, the economy is humming along smoothly enough that we really shouldn't think about it that much any more, especially as something to consider when voting. And besides, it's being "eclipsed" by "other pressing events." I'll stay away from those other "events" in the interest of…

Potentially the most dishonest aspect of the Obama-loving media's reporting since January 20, 2009, pertains to how they've almost totally ignored how poorly the economy is performing. On Tuesday, Michael T. Snyder, author of the gloom and doom book "The Beginning of the End," wrote a fabulous piece titled "33 Shocking Facts Which Show How Badly The Economy Has Tanked Since Obama Became…

A November 15, 2010 blog post by Michael S. Derby at the Wall Street Journal ("San Francisco Fed Official Says QE2 Is Working") told us that "The Federal Reserve‘s recently announced plan to buy $600 billion in Treasury securities to improve economic growth is having a positive effect on growth." The Fed official involved also predicted "the U.S. gross domestic product to come in at 2.5% this…

Ed Schultz has spent weeks blaming Detroit’s recent bankruptcy filing on Republican policies, even though the city has been firmly in Democratic hands for decades. The bombastic MSNBC host has called the city a “conservative utopia,” arguing that Republican anti-union policies have “gutted Detroit.” Schultz’s latest tirade came on Saturday’s The Ed Show, when the left-wing host bizarrely…

ABC This Week viewers on Sunday were treated to a classic socio-economic debate between liberals and a lone conservative. With the issue at hand being Detroit's announced bankruptcy and whether the federal government should bail it out, the liberal view was championed by the Nation's Katrina Vanden Heuvel and MSNBC's Steve Rattner. On the right was George Will who clearly won the scrum…

Yesterday, President Obama gave another warmed-over version of the same economic policy speech that’s been given for the past five years at Knox College in Illinois.  He saved the automobile industry.  He’s overseeing an economic recovery.  Republicans are intransigent. And he’s the best person to ever breathe oxygen on this planet. Yada, yada, yada.  Now with polls showing a record number of…