Newt Gingrich Schools Lawrence O'Donnell On Clinton Tax Hikes
Former Speaker of the House Newt Gingrich on Sunday gave Lawrence O'Donnell a much-needed education on the economic impact of the Bill Clinton tax hikes in the '90s.
As O'Donnell precipitated the exchange, he perfectly demonstrated why MSNBC commentators are far too liberally biased to be invited on NBC's Meet the Press (video follows with transcript and commentary):
NYT's Krugman on PBS NewsHour: Democrats' 'Fiscal Cliff' Proposal Seri
During the December 4 edition of the PBS NewsHour, anchor Gwen Ifill decided to give a lofty eight minute and forty second interview to Obama cheerleader and Nobel laureate Paul Krugman so he can try to convince us that the fiscal cliff isn’t that big of a deal. Of course, in his estimation, Democratic proposals for higher taxes and higher spending were serious, while Republican alternatives…
Ed Asner Narrates ‘Tax the Rich: An Animated Fairy Tale
Actor and activist Ed Asner is the narrator of a new video called “Tax the Rich: An Animated Fairy Tale.”
It was produced by the California Federation of Teachers (video follows with transcribed highlights and commentary):
Breaking News: People Like the Government Giving Them Other People’s
To paraphrase the estimable Yogi Berra - it’s like deja vu all over, and over, and over, and over again.
The Jurassic Press media is enraptured with a certain story.
Michael Steele On Cliff Negotiations: 'A Lot Of It Is, Let's See How B
On today's Morning Joe, asked by substitute host Willie Geist how much of the tough talk by Republicans and Dems over the fiscal cliff was posturing, former RNC Chairman Michael Steele said that 80% was posturing, then added "a lot of it is, let's see how big yours is versus mine."
Steele was careful to suggest he was simply talking about the size of the two parties' respective . . . plans…
CBO: Extending Unemployment Benefits Would Cost $100K Per Job Created
Today, the Congressional Budget Office released a report informing readers that extending unemployment benefits for a year, an outlay which would cost the federal government $30 billion, would, because of its allegedly stimulative impact, generate 300,000 jobs.
Even if true, neither the CBO, nor the Associated Press in covering the report, noted that this result works out to a cost $100,000…
Michael Moore Tells Obama 'End the S***ting on the Poor,' 'Drive the R
Schlockumentary filmmaker Michael Moore had some straight talk for Barack Obama Monday.
In a letter to the President published at the perilously liberal Huffington Post, Moore advised Obama to "DRIVE THE RICH RIGHT OFF THEIR FISCAL CLIFF" while putting an end to "the s***ting on the poor."
AP and Politico Ignore Dem Senators' Demand for Another Round of 'Stim
On November 14, the Hill reported that "Senate Democrats, feeling confident from their net gain of two seats in last week’s election, say any deficit-reduction package negotiated in the coming weeks must include stimulus measures." Alexander Bolton's writeup quoted Senator Chuck Schumer publicly asserting that "We have to do something because the economy is not growing fast enough in the first…
AP's Final Report on October Deficit Equates Bush and Obama Deficits
Well, there's one little bit of good news in Martin Crutsinger's final report on yesterday's release of the federal government's October Monthly Treasury Statement (I did a review of his initial take yesterday [at NewsBusters; at BizzyBlog]). The good news is that Crutsinger, unlike in most months during the past several years I have reviewed such reports, actually identified the single-month…
Year-Over-Year Deficit Worsens in October, and the Problem Is Spending
The government's October 2012 Monthly Treasury Statement was released at 2 p.m. It tells us that the government took in $184 billion ($21 billion more than last year) while spending $304 billion ($43 billion more), leaving a $120 billion deficit. That's 22% higher than the October 2011 shortfall of $98.5 billion.
The early report from the Associated Press's Martin Crustinger predictably tells…
Andrew Sullivan Swings and Misses Rebutting NewsBusters
On Thursday, I wrote a piece exposing several factual errors in Andrew Sullivan's recent love letter to President Obama.
Sullivan responded hours later:
Not News: Bankrupt Abound Solar Touted by Obama in 2010 Now Under Crim
In his weekly radio address on July 3, 2010, President Barack Obama announced that "the Department of Energy is awarding nearly $2 billion in conditional commitments from the Recovery Act to two solar companies." Neither of them was named Solyndra.
One of the two companies Obama did name was Fort Collins, Colorado-based Abound Solar, which Obama touted as a company which would create "more…
Economy Would Have Been Worse Without Obama, Networks Conclude
After three so-called “recovery summers,” the economy has yet to recover under President Barack Obama. Unemployment stands at 7.8 percent, but would be far higher if more people were looking for jobs. GDP was downgraded to 1.3 percent and the national debt is $16 trillion.
Looking back, the broadcast networks have consistently depicted past summers as times of economic renewal, despite an…
Media Debate Fail: Obama, the Auto Bailout and China
In their third Presidential debate analysis, the Jurassic Press Media last night and thus far this morning have failed utterly in their role as fact checker and record-corrector - at least when it comes to what President Barack Obama had to say.
As but one glaring example, there were the President’s absurd assertions regarding the auto bailout and China.
