Economy

As far as the establishment media is concerned, the Cash For Clunkers program Uncle Sam conducted in July and August was a smashing (excuse the term) success. That's the case, despite the deliberate destruction of hundreds of thousands of perfectly usable vehicles, late payments to dealers (the USDOT is finally catching up), the program's failure to give much relief to government bailout…

Thanks to info "steveegg" at No Runny Eggs linked me to earlier today, I had to add the word "Annual" before "Cash Flow" at this post (at NewsBusters; at BizzyBlog) that originally appeared Wednesday. That's because the system is already running monthly deficits, and significant ones. Back in February, the system also ran a deficit. It was bad news, but because February is an unusual month…

CNN’s Larry King fawned over Michael Moore during an hour-long interview on his program on Wednesday, calling the leftist’s latest feature “a brilliant documentary,” and went on to label the director “our number one propagandist.” King encouraged all of his viewers to see Moore’s “Capitalism: A Love Story,” which was released in New York City and L.A. earlier that day.The CNN anchor led his 9 pm…

The progressive mindset is a curious one, as evidenced by New York Times columnist and Nobel Economics Prize recipient Paul Krugman. Krugman appeared on MSNBC's Sept. 23 "The Rachel Maddow Show" and lamented that the Obama Administration missed the opportunity the recent financial crisis offered to fundamentally change how the American economy operates. Host Rachel Maddow asked Krugman what the…

The Associated Press on Thursday released a fact check of Micahel Moore’s Capitalism: A Love Story, the director’s socialistic new movie. And while writer Rachel Beck asserted "some of [Moore's] arguments...fall apart on closer inspection," ABC managed no such scrutiny when it offered 13 minutes to the filmmaker on Tuesday and Wednesday. For instance, while talking to Nightline host Terry Moran…

If any policy maker watches Michael Moore's new movie, "Capitalism: A Love Story" and is influenced by it - be afraid, be very afraid. Moore appeared on CNN's Sept. 23 "Larry King Live" to promote his movie, but he shared with host Larry King his thoughts on why the stock market has rallied off its lows, despite a rising unemployment. His reasoning - Wall Street likes joblessness, because it's…

Millionaire Michael Moore says capitalism is evil and that the entire system should be thrown out for one that is "democratic" and "fair." That's the overarching message of Moore's new documentary, "Capitalism: A Love Story," which will be widely released Oct. 2. The film won two prizes at the Venice Film Festival and was lauded by critics there and at the Toronto Film Festival. Now Moore is…

In less than 24 hours, ABC devoted 13 minutes to rhapsodizing over liberal Michael Moore’s new, "deeply Christian" film, Capitalism: A Love Story. Featuring the director first on Tuesday’s Nightline, co-anchor Terry Moran took his socialistic agenda seriously and opened the show by teasing, "Is capitalism evil?" (In 2007, the network contributed 21 minutes to Sicko, totaling 34 minutes of…

Ed Morrissey at Hot Air had the catch of the day yesterday when he revealed, based on Congressional Budget Office internal projections distributed to Congress during the summer, that the Social Security system will spend more cash than it takes in during the government's next fiscal year ending September 30, 2010. Read about it there, or here, because you won't see the establishment media…

"It's the most explosive moment for the soda industry since the Diet Coke and Mentos experiment," CBS's Katie Couric quipped of a proposed federal soda tax in her September 18 Notebook video on CBSNews.com (embedded at right).While careful not to explicitly endorse a proposed one-cent-per-ounce tax on sugary drinks, Couric hinted that taxing sodas could help curb obesity, because, after all, "…

This could be dismissed as anti-human - but the theory the environment can be saved by encouraging the use of birth control is one that has been popular with media some environmentalists.  CNN's Lou Dobbs certainly hasn't shied away from the idea. On his Sept. 21 broadcast, Dobbs revisited an early report that the true path to environmental salvation wasn't by curbing greenhouse gas, but instead…

Last Wednesday, ACORN CEO Bertha Lewis, in the wake of James O'Keefe's and Hannah Giles's embarrassing video barrage, went into damage control mode: As a result of the indefensible action of a handful of our employees, I am, in consultation with ACORN’s Executive Committee, immediately ordering a halt to any new intakes into ACORN’s service programs until completion of an independent review. I…

ABC's "World News" is supposed to be above the fray, right? According to "World News" executive Jon Banner, his program didn't jump into covering the recent ACORN scandal because it is "not in the business of noise." And yet on Sept. 20, ABC compromised the quiet dignity of "World News" by discussing health care reform with Rolling Stone contributing editor Matt Taibbi, a man that claims Goldman…