Obama's 'Teaching Moments,' 'Message' to Ideologues, Fret Not Tougher
Some quick takes on the very brief presidential press conference wrap-ups on ABC, CBS and NBC before each returned to entertainment shows a bit after 9 PM EST: - ABC anchor Charles Gibson lauded how President Obama treated “each question almost as a teaching moment with long and expansive answers.” - CBS anchor Katie Couric cited how Obama talked “about 'ideological blockage'” against the “…
CNN's Rick Sanchez: 'Tax Cuts Are Spending, Right
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,…
Editorial: Bush Had Nothing To Do With Financial Crisis
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…
NYT: Republicans Voting for Stimulus Package Are Being Patriotic
Roughly five months after Joe Biden informed the nation that paying higher taxes is patriotic, it now appears radically increasing government spending and the federal debt is as well.At least that's what one gets from a New York Times piece Saturday applauding a Senate compromise on President Barack Obama's stimulus package.Here are the paragraphs where patriotism was prominently mentioned (…
Rolling Stone Defends Pork, Attacks GOP
While Capitol Hill is working on a "compromise" I thought it fitting to take a look at how the usual suspects in the media are dealing with Republican leaders that dare speak out and identify elements of the stimulus package that have nothing to do with stimulating the economy. For this task I turned to Rolling Stone Magazine and quickly came upon an article headlined "The Unserious Opposition".…
Press Clairvoyants: Opening Rise Means Markets Want Stimulus Passed
Have you ever wondered how the geniuses who report business news know why the stock market opens or closes up or down on any given day -- especially when they venture into political explanations? I received this e-mail from CNN just after the markets opened: Gosh, those e-mail drafters at CNN are smart. Who knew that the markets want the stimulus package so bad? Can't you hear, senators? The…
Newsweek's Hirsh on Stimulus: Don't Worry About Pork, This is an 'Emer
It's time to wave the white flag and surrender to "post-partisan" unity. Yes, it's time for conservatives to abandon core principles and just allow the Pelosi/Reid/Obama pork-a-palooza, also known as the stimulus or the American Recovery and Reinvestment Bill of 2009, to pass into law. At least that's what one Newsweek columnist would have conservatives do. Now is not the time for political…
HuffPo Blogger Cheap Shots CNBC's Burnett for Not Toeing Populist Line
Don't like the notion of Wall Street employees receiving bonuses? Shoot the messenger - as Adam Green at The Huffington Post has done. In a Feb. 2 post on The Huffington Post, Green said it was bad form for CNBC "Street Signs" host Erin Burnett to even think about considering the other side of the anti-Wall Street bonus argument, since some Wall Street banks received TARP funds, courtesy of the…
Cramer on Obama's Anti-Wall Street Comments: 'We Heard Lenin
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…
CBS Lists Excess Spending Which Prompted GOP Opposition
Two nights after the CBS Evening News commiserated with President Obama over his unrewarded efforts to win Republican House votes for the “stimulus” plan as Chip Reid chafed over how “Republicans relentlessly attacked the bill despite the President's extraordinary efforts to get bipartisan support,” Friday's newscast provided the first broadcast network rundown of the ineffective spending…
GDP Better Than Expected: Have Media Overhyped Depression Talk
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:
CNBC Asks Limbaugh About His Bipartisan Stimulus Plan
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…
