CNBC: Congressional Republicans ‘Hate Wall Street
If you don't give me money, I won't bail you out! Conservative opposition to a federal bailout of financial institutions is over campaign donations, not a desire to uphold sound market principles, according to CNBC. CNBC's chief Washington correspondent John Harwood said Sept. 25 on "Squawk Box" that he had a conversation with "a top Republican member of congress last night" who told him…
ABC Highlights 'Shameful Chapter' of CEO Excess; Forgets Government Ro
Private CEOs? Yes. Government-sponsored CEOs? No. In a September 19 "Good Morning America" preview of a report scheduled to appear on the same day's edition of ABC's "20/20," chief investigative reporter Brian Ross took a few jabs at the rich who had fallen. Ross called it "the end of a shameful chapter of American history," and although top executives on Wall Street had been hit hard in…
CNN Frets Bill Clinton Was Too Conservative
Thursday's edition of CNN's "American Morning" featured a "fact checking" segment on the claims former President Bill Clinton made about his accomplishments as president during his speech to the Democratic National Convention. The segment wasn't much of a "fact check" as CNN Business Correspondent Christine Romans mostly reminisced about the "glory days" of the '90's. But what she did find was…
CBS’s ‘Early Show’ Links Foreclosures to West Nile Virus
How do you make the foreclosure crisis seem even scarier? Add in a potentially deadly virus. CBS's "The Early Show," reported August 7 that a new stronger strain of the West Nile virus could spread across the country with help from the neglected pools found in foreclosed homes in California. "Apparently ... as more and more homes are passing into foreclosure and there are many, and many of…
CBS ‘Early Show’ Highlights Left-Wing Housing Group
On Thursday’s "Early Show," correspondent Priya David reported on homeowners in Philadelphia trying to avoid foreclosure: "Yajaira Cruz-Rivera thought she was choosing a responsible mortgage plan. But dreams of remodeling crumbled just days after her family moved in...Yajaira fought with her loan company, saying her new mortgage was unfair and unaffordable." However, David then introduced the…
CNBC's Burnett Declares Schumer Not to Blame for IndyMac Failure
Don't blame Sen. Charles Schumer, D-N.Y., member of two influential banking committees - the Senate Finance Committee and the Committee on Banking, Housing, and Urban Affairs - for IndyMac's collapse, says CNBC's Erin Burnett. Burnett, host of CNBC "Street Signs," disagreed with a claim by MSNBC "Morning Joe" host Joe Scarborough that a letter to regulators from Schumer caused a run on the…
CBS Approves of $25-Billion 'Lifeline' for Fannie, Freddie
What's another $25 billion between taxpayers? Not much, according to the July 23 "CBS Evening News." The massive housing bailout bill, meant to prop up beleaguered government-sponsored enterprises Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE) and help homeowners refinance adjustable rate mortgages, was praised in a segment on the CBS broadcast. It passed in the House July 23 and won't face…
Lou Dobbs Calls Pro-Free Market Administration 'Jerks and Cowards and
To CNN's "Lou Dobbs Tonight" host, we live in a world of absolutes - because the potential of a government bailout of two publicly traded government-sponsored enterprises condemns the entire concept of free market capitalism. On the July 22 broadcast of Dobbs' show, he attacked proponents of free-market capitalism because of the potential trouble of the two government-sponsored enterprises (…
CNBC’s Questions Dodd’s Leadership Abilities in Wake of Countrywid
Democratic Sen. Chris Dodd of Connecticut, chairman of the Senate Banking Committee, has remained largely unhurt by the controversy over his "sweetheart" deal with mortgage lender Countrywide. But CNBC's "Squawk Box" co-host Carl Quintanilla finally bucked the media trend of ignoring the scandal and brought the loan up in an interview July 14. Dodd appeared on CNBC's "Squawk Box" in the wake…
ABC: 'Is The Recession All In Your Head
In the wake of former Sen. Phil Gramm's statements earlier this week about this being a nation full of whiners, the good folks at ABC's "Good Morning America" brought on a consumer psychologist Sunday to discuss whether or not the McCain advisor had a point.Shockingly, not only did Kit Yarrow tell host Kate Snow that "the way consumers feel about things is very emotional," but also these "…
CBS ‘Early Show’ Declares Recession
On Monday’s CBS "Early Show," co-host Harry Smith talked to economic analyst Mark Zandi about the state of the economy and asked: "Oil's up, gasoline's up, food prices up, stocks, way, way, way, way down. Home owner -- home values are down. Is there an end in sight to all of this bad news?" Zandi replied: "You just made me depressed. No. It's just bad news. It really is...It's just a really tough…
Heroic Detroit Paper Portrayals of ACORN Ignored Its Sordid History
Two June 23 Motor City newspaper reports -- one in the Detroit Free Press ("Group blasts subprime loans," by Amber Hunt), the other in the Detroit News ("ACORN focuses on vote," by Mike Martindale) -- portrayed the Association of Community Organizations for Reform Now (ACORN) as a noble enterprise dedicated to helping troubled borrowers and increasing voter involvement in the political process.…
CBS’s Chen Describes ‘Perfect Storm of Economic Woes
On Tuesday’s CBS "Early Show, " co-host Julie Chen lead the show with a depressing segment on the economy: "...with the economic woes hitting the nation, we have your complete guide to surviving the big squeeze." Chen proceeded to highlight high gas prices, then explain how "...the crisis in the housing market is also a drag on the economy," and finally, "Completing this perfect storm of economic…
Near-Despondent AP 'Report' Virtually Begs for Obama Votes
UPDATE: Hard to imagine, but it's even worse than originally thought. AP's go-to "historian" is, as Wikipedia shows, a shameless politically active far-leftist (HT Eric at Vocal Minority). _______________________(begin original post) Two Associated Press writers, with the help of accompanying photos at ABCnews.com, have dug down deep and reached a new low in dismal, depressive reporting. You can…
