AP Blows The Deficit Reporting, Part I: The $175 Billion (Yawn) Accoun
You have to see this to believe it, and even then you'll have a hard time believing it. It's the Obama administration's deficit reduction program, otherwise known as "change the accounting." Here is what the Monthly Treasury Statement (MTS) from Uncle Sam looked like in March: Here is the report for April:
Kudos: Jake Tapper Critical of Obama's 'Tiny' Budget Cut Efforts
With much fanfare, President Barack Obama rolled out his intentions to cut $17 billion from the federal budget on May 7. But despite the spinmeisters, not everyone was buying it. "The White House today played up its proposed cuts to the federal budget," ABC "World News" anchor Charles Gibson said on his May 7 broadcast. "That budget plays up to $3.6 trillion. The White House wants to trim a tiny…
Obama to Cut Slain Officer's Benefits in Half -- Where's Media Outrage
In a hypocrisy sure to outrage, just as Attorney General Eric Holder gets ready to attend a ceremony to honor fallen police officers, the Obama administration is proposing to cut almost in half a program that provides benefits to the families left behind. So much for the more loving, more caring president "we've been waiting for." So, wouldn't you think the Old Media would be braying at the…
Memo to Clueless Media: Obama's $17 Bil in 'Cuts' Aren't Real Spending
President Obama today announced $17 billion in "spending cuts" Thursday. Here are the substantive early paragraphs of the the Associated Press's coverage of what the President had to say: Obama sent Congress a detailed budget Thursday proposing to eliminate or trim 121 programs and save $17 billion next year — not a trifle, for sure, but only about half of one percent of the $3.4 trillion in…
CBS’s Plante: Obama ‘Laughed Off’ Big Government Criticism
Rather than provide objective analysis of President Obama’s performance at Wednesday’s White House press conference, on Thursday’s CBS Early Show, correspondent Bill Plante issued what amounted to a press release and brushed aside criticism of Obama’s expansion of government during the first 100 days: "The President laughed off charges that he's intent on making the government bigger...And said…
AP's Calvin Woodward Does Astonishing Fact Check on Obama
Somebody needs to 'fess up. Who put truth serum in Calvin Woodward's coffee this morning?Whoever it is, they're in a heap of trouble, as Woodward produced a fact-checking critique of Barack Obama that is so good you'd swear most of it was ghostwritten by a conservative talk host.It will be interesting to see how much distribution it gets. I would suggest not counting on too much, but being open…
Schultz Blames Spending Provisions Stripped from Stimulus for Swine Fl
It was just a question of time. While it was hard to know where it would come from (although MSNBC is always a safe bet), someone was going to make the entire swine flu pandemic a partisan political issue. MSNBC's Ed Schultz on the April 27 "The ED Show" blamed Republicans on two levels for the swine flu pandemic that some think has been a bit overblown. "Well, here we go again - Republicans…
Fireworks: Kudlow, Santelli Rail Against the Corruption of TARP and Go
If CNBC on-air talent has really had their hands tied by General Electric and NBC management on criticizing the current administration's economic policy, you couldn't tell it from watching Rick Santelli and Larry Kudlow. On CNBC's April 24 "The Call," Santelli expressed his frustration with an overreaction by the government to solve the financial crisis when Kudlow asked him about the expansion…
When Will the Press Catch On to Uncle Sam’s Collections Meltdown
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…
Summary of the April 15 TEA Parties Media Coverage
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…
CNN Touts Obama $100M Spending Cut, but Even White House Acknowledges
It must be hard to keep a straight face when you report that the President of United States going to cut $100 million from a $3.5 trillion budget and then say he is serious about cutting government spending. White House Press Secretary Robert Gibbs couldn't pull it off. In the White House's April 20 press briefing, Gibbs was asked by Associated Press reporter Jennifer Loven why the $100-million…
