National Debt

Maddow Flat Out Lies About S&P’s Downgrade Explanation: 'Not Because
August 7th, 2011 5:48 PM
As NewsBusters previously reported, MSNBC's Rachel Maddow was rewarded for lying about Rush Limbaugh on her program Thursday by getting a guest appearance on Sunday's "Meet the Press."
The top brass at NBC should be pleased with their decision for Maddow proceeded to thoroughly misrepresent the reasons Standard and Poor's gave for downgrading America's debt Friday (video follows with…

Cokie Roberts on Downgrade: 'The Problem That We Have Here Is the Cons
August 7th, 2011 1:51 PM
ABC's Cokie Roberts said something on national television Sunday that made her colleague George Will shake his head on camera.
During a "This Week" discussion about the recent credit rating downgrade by Standard and Poor's Roberts said, 'The problem that we have here is the Constitution of the United States of America which actually does require people to come together from different…

Clarence Page: 'Is The Tea Party Over
August 7th, 2011 11:53 AM
Want to know just how scared of the Tea Party America's media are?
On Sunday, the Chicago Tribune's Clarence Page published a column entitled "Is The Tea Party Over?":

Arianna Huffington Flat Out Lies About Investment Firm's Economic Opin
August 7th, 2011 10:19 AM
UPDATE AT END OF POST: AOL HuffPo responds.
Joining our growing list of media members willing to flat out lie on national television to advance their political agendas is Arianna Huffington who falsely claimed this week that securities firm JPMorgan warned its clients the debt ceiling agreement "is going to reduce our growth by a point-and-a-half."
Such was dishonestly said during a segment…

ABC Financial Expert Slapping S&P As 'Suspect' Is Undisclosed Obama Fu
August 7th, 2011 10:13 AM
The predictable MSM reaction to Standard & Poor's downgrading of the US government's credit rating? Kill the messenger, of course. Yesterday, we noted how Jeff Glor at CBS' Early Show parroted the Obama line about the downgrade being "political."
Today it was ABC's turn. Good Morning America had on Mellody Hobson, a regular ABC "financial contributor" and former host of her own ABC…

Matthews: Everyone Knows Government Creates Jobs
August 7th, 2011 7:59 AM
The solution to our raging unemployment rate is so simple, I'm kicking myself for not thinking of it before. Luckily, Chris Matthews did. The government simply needs to spend more money! Because, as "everyone knows, as we studied in school," government spending creates jobs!
Matthews, just as wacky on the weekend Hardball as he is in his Mon.-Fri. version, went on a two-segment rant this…
Tony Blankley Sarcastically Says to Rude and Dismissive Al Sharpton 'Y
August 6th, 2011 6:25 PM
MSNBC's Al Sharpton on Friday was being tremendously rude and dismissive to his guest the always well-mannered Tony Blankley.
So discourteous was Sharpton that at the end of the discussion, Blankley sarcastically said, "You are a very polite gentleman" (video follows with transcript and commentary):

Early Show Echoes White House, Dismisses Debt Downgrade As 'Political
August 6th, 2011 4:05 PM
Should anything happen to the Obamas' Portugese water dog Bo, perhaps the First Family could adopt Jeff Glor as a pet parrot. The weekend Early Show weekend co-host proved the perfect White House mimic this morning. Glor dutifully echoed the Obama admin line, dismissing as "political" Standard & Poor's downgrade of the US government's credit rating.
In support of his point, Glor twice…

Know What Else Obama Inherited From Bush? A 'AAA' Rating
August 6th, 2011 2:17 PM
This marvelously comes from the Republican Party of Sarasota:

Yahoo: 'America's Credit Rating Was Intentionally Sabotaged By Congres
August 6th, 2011 12:09 PM
"[I]t's difficult to escape the conclusion that America's credit rating was intentionally sabotaged by Congressional Republicans."
So wrote Yahoo Finance economics editor Daniel Gross Friday evening:

NYT Downplays Downgrade: 'Experts Say the Fallout Could be Modest
August 6th, 2011 11:09 AM
Ever the dutiful Obama shills, the New York Times on Saturday downplayed the seriousness of the announcement by Standard and Poor's that it had downgraded America's debt rating to AA+.
As you read this, imagine how this front page article would have differed if a Republican was in the White House:

NYT's Nocera Apologizes for Calling Tea Partiers 'Terrorists
August 6th, 2011 10:30 AM
New York Times columnist Joe Nocera took a lot of heat this week for writing an article calling Tea Party members "terrorists" wearing "suicide vests."
On Saturday, he apologized:

Krugman Blames Downgrade On 'The Extremism of Anti-Tax Republicans
August 6th, 2011 9:56 AM
Early Saturday morning, NewsBusters asked how Obama-loving media would spin America's debt downgrade in order to blame it on the GOP.
True to form, New York Times columnist Paul wrote at his blog:

Former Obama Economic Adviser on Downgrade: We're 'Pretty Darn F--ked
August 6th, 2011 12:01 AM
Christina Romer, the former chair of Obama's Council of Economic Advisers on Friday offered a rather strong opinion concerning the announcement by Standard & Poor's that the credit rating agency downgraded America's debt to AA+.
Appearing on HBO's "Real Time," Romer said we're "pretty darn f--ked" (video follows with transcript and commentary):