Media Gives Obama Pass on 'Deregulation' Smear
One of Barack Obama's biggest lines, which he repeats at every campaign event and delivered in Tuesday night's Town Hall Debate in Nashville, is that the Wall Street financial crisis was created by deregulation - deregulation, he hastens to add, is the policy of George W. Bush, John McCain and the Republicans.He made the charge in response to the first question in the debate (transcript) last…
Lehman CEO Contributed Heavily to Democrats – Will Media Notice
You would think what donors are cozy with which campaigns - especially in the midst of a presidential election cycle - might be a relevant story for the media, especially at a time when everyone is quick to point fingers at which political party is to blame for financial turmoil. When Lehman Brothers CEO Richard Fuld testified before the House Oversight Committee Oct. 6, the media criticized…
CBS's 'Dangerous' Cough Medicine Segment Hard to Swallow
So what "dangerous" product should you not give your children now? Cough syrup, if you were watching the October 3 "Early Show." "They're safe if they're used properly, but so often they're not and so I consider them to be dangerous," said Dr. Alanna Levine, a pediatrician based in Englewood Hospital in New York. The CBS segment focused on new regulations of over-the-counter cough and cold…
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…
Friedman: Gov't Should Attach 'Green' Strings to $700 Billion Bailout
Nationalization has its consequences. Just note the rhetoric coming from some prominent voices on the left. The government's foray into offering services normally provided by the private sector by bailing out aging mortgage giants gives it the power to implement "green" building requirements, according to New York Times columnist Thomas Friedman. He suggested Sept. 23 that any construction…
Newsweek Hits 'Pipeline to Nowhere'; Suggests Palin Too 'Optimistic' A
Borrowing from the nickname for a federal earmark that would have built a multi-million dollar bridge for an Alaska town of 50 people, Newsweek's Mark Hosenball offers readers of the September 29 print magazine a look at "[Gov. Sarah] Palin's Pipeline to Nowhere." Hosenball suggests that Palin's $500-million "principal achievement" as governor "might never be built after all." But while the…
CNN’s Jim Acosta: Palin ‘Still Very Much on Script, Teleprompter
On Monday’s American Morning, CNN correspondent Jim Acosta tried to throw a bit of cold water on the news that tens of thousands showed up in central Florida for a Sarah Palin camapign rally on Sunday. When co-host John Roberts asked about the high turnout, Acosta replied, "[T]his was an enormous crowd out here in Florida. She is still very much on script, John -- still very much on that…
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…
On NBC, CNBC's Liesman Raises 'Banana Republic' Spectre
Comparisons to the current Wall Street financial situation to the Great Depression have not been unusual in the media, but Thursday's NBC Nightly News went a step further into inducing panic. Delivering a healthy dose of hyperbole, Steve Liesman of CNBC prompted a “wow” from anchor Brian Williams when he raised the spectre that the credit troubles could lead, “some” would say, to the “U.S.…
CBS’s Smith Attacks McCain’s Economic Experience; Responsible For
On Tuesday’s CBS Early Show, co-host Harry Smith interviewed John McCain about the recent collapse of Wall Street investment banks: " I want to make sure I have this straight now. Yesterday, on the campaign trail, you reiterated that you believe the fundamentals of the economy are strong. At the same time, we understand your campaign is issuing an ad that says the economy is in crisis. Which is…
Katrina, Minneapolis Bridge Collapse? Reagan's Fault, Says NYT Critic
New York Times architecture critic Nicolai Ouroussoff's "Reflections: New Orleans and China" showed that he shared the same affliction as Times foreign affairs columnist Tom Friedman -- gauging the success of the strong central power of Communist China by looking at its shining and efficient surface, without questioning its effect on the nation's unseen citizenry. For good measure, he even held…
Cramer Calls WSJ the ‘Fox Street Journal’; Refers to Democratic Pa
On MSNBC's "Morning Joe" September 8, Jim Cramer took a shot at owner of The Wall Street Journal, Rupert Murdoch, in the midst of talking about the Fannie Mae and Freddie Mac takeover: I read The Wall Street Journal, sorry, The Fox Street Journal. When is Murdoch going to put his positive right wing implant on left wing journalists? ... When is Murdoch going to broom the Spartacus workers…
