Economy

There's an N-Word you apparently write at your own risk if you're in the establishment media. It's "nationalization." The Associated Press's Stephen Bernard, with the help of old reliables Jeannine Aversa and Martin Crutsinger, blew through almost 800 words (link is dynamic; 12:49 p.m. version is saved here for future reference, is now authored by Crutsinger, and is longer than what I originally…

At the end of Wednesday’s CBS Evening News, anchor Katie Couric introduced a segment on Tysheoma Bethea, a 14-year-old girl who attended Obama’s address to Congress: "President Obama has said one of the biggest adjustments of his new job is living in a bubble. Now, to combat that problem, he started to read a handful of letters everyday from average Americans. One letter, written by an eighth…

At the top of Thursday’s CBS Early Show, co-host Harry Smith declared: "Tax the rich. New details on how President Obama plans to pay for his $3 trillion budget." Later, correspondent Bill Plante reported on Obama’s proposed budget in a matter-of-fact way with little skepticism: "It spends almost $4 trillion. That's trillion with a 'T.' And the deficit is $1.75 trillion because of spending on the…

Maybe it was just too easy to assume the worst of the news network most others in the press love to hate. Or perhaps it was deliberate.Whatever the reason, the Agence France-Presse (AFP) wire service's Wednesday story about reaction to Barack Obama's sort-of State of the Union Speech the previous evening spent four of its last five paragraphs pinning a report harshly critical of various claims in…

It's official: The New York Times got pranked by the girls of "Dating a Banker Anonymous," referred to in a fizzy Times profile last month as a "support group" dedicated to women whose "monthly Bergdorf's allowance has been halved."Linda Holmes, blogging at National Public Radio, was dubious from the start: "Isn't it totally obvious that this is a put-on?" She dismissed the idea of a "support…

Once again CNN goes over the top in its gobsmacked praise of its Obammessiah. This time appropriating Ronald Reagan's famous "morning in America" theme and assigning it to President Obama as a result of his not-the-state-of-the-union speech last night. In reality, Obama's speech was more like a moaning in America as opposed to that bright new morning that Reagan invoked. Worse, Reagan's main…

Obama senior adviser David Axelrod made the rounds of the broadcast network evening newscast anchors on Tuesday to discuss President Obama's address to a joint session of Congress, but CBS's Katie Couric, in uniquely offering some balance by matching Axelrod with a segment featuring House Minority Leader John Boehner, only served to expose her impatience toward GOP opposition. With Axelrod, she…

On Tuesday’s CBS Early Show, co-host Maggie Rodriguez spoke with FDIC Chairwoman Shelia Bair and asked: "I can't think of a better morning to have you here, because all the talk is about the bank and if you look at the cover of The Washington Post, there it is, the n-word, 'nationalization,' which you have said you would be surprised if we get to that point. But isn't it maybe going to be a…

Tuesday's "Good Morning America" ignored the liberal leanings of a Florida attorney who is instructing people on how to stall home foreclosures. In the segment, reporter Jim Avila showcased individuals who have drawn out the process by demanding that banks produce the original note to their home (which has often been sold in loan packages that are then traded on Wall Street). At no time did he…

After eight years of blaming everything that came out of our nation's capitol on George W. Bush, the New York Times is suddenly separating the White House from the government.Such was immediately apparent in the Times front page story Tuesday addressing the mounting pressure being exerted on Washington to come up with more bailout funds for companies and industries in financial trouble.The…

As rumors of nationalization swirl about Bank of America (NYSE:BAC) and Citigroup (NYSE:C), the market indices have fallen. On Feb. 23, Larry Kudlow, co-host of CNBC's "The Call," asked CNBC Chicago Mercantile floor reporter Rick Santelli if the government should be involved in propping these troubled banks. Santelli made waves on CNBC's Feb. 19 "Squawk Box" railing against the Obama…

Americans increasingly see the danger in Barack Obama's scheme to spend our way out of economic difficulty.  So for the mainstream media, it's all hands on deck to bolster confidence in Obama and his decisions.  The dependable Jonathan Alter reports for duty in the March 2 Newsweek, also posted on the magazine's Web site.  Titled "America’s New Shrink: Chin up, everyone. This president is well…

Imagine for a moment John McCain was President, and few of the people on the task force he created to repair the crumbling auto industry owned American cars. Would that be a public relations nightmare?Well, an article published Monday by the Detroit News revealed that most of Barack Obama's newly announced Presidential Task Force on the Auto Industry don't patronize the companies they've been…

Advantage Rick Santelli -- and Larry Kudlow. CNBC reporter Santelli's Thursday morning "Shout Heard Round the World" (CNBC's term) objecting to the Obama administration's mortgage modification program on the floor of the Chicago Mercantile Exchange quickly went viral, and struck two nerves. First, it ignited a groundswell of support from the over 90% of the of the nation that pays its bills and…