Stimulus
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…
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):
Richard Wolffe Flat Out Lies About Obama's Eight Percent Unemployment
August 6th, 2011 5:46 PM
As the prospects for Barack Obama's reelection decline, American media are getting more and more cavalier with the truth when defending the object of their affection.
On Friday, MSNBC political analyst Richard Wolffe not only lied about the adminstration's projection that unemployment wouldn't rise above eight percent if its stimulus package was enacted, he also badly misrepresented the…
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):
Charles Krauthammer Smacks Down Margaret Carlson's Call for More Stimu
August 5th, 2011 6:01 PM
For the second week in a row, Bloomberg's Margaret Carlson got a much-needed education from Charles Krauthammer on PBS's "Inside Washington."
After Carlson gave the typical Keynesian response to Friday's unemployment report - "We’re cutting spending at a time when we should be adding spending to stimulate the economy and jobs" - Krauthammer without skipping a beat quipped, "The way it worked…
CNBC's Santelli Corrects Ezra Klein's Economics
August 5th, 2011 1:56 PM
CNBC's Rick Santelli had to explain the economy to MSNBC contributor Ezra Klein on today's Morning Joe (h/t Hot Air). Klein argued that another recession would "move money around in ways that are unfair."
An exasperated Santelli concisely described what was wrong with Klein's characterization of what recession does to an economy:
Sen. Kerry Asks Media to Stop Giving 'Equal Time or Equal Balance' to
August 5th, 2011 11:44 AM
Last week, New York Times columnist Paul Krugman said conservative views about the debt ceiling should be censored from news reports.
On Friday's "Morning Joe," Senator John Kerry (D-Mass.) took this a step further calling on media to stop giving "equal time or equal balance" to Tea Party ideas that people like him consider "absurd" and "not factual" (video follows with transcript and…
CNBC's Ron Insana: 'We Need More Stimulus
August 4th, 2011 4:27 PM
CNBC's Ron Insana asserted on today's "Andrea Mitchell Reports" that the United States does not have a debt problem. "We need more stimulus. We have a growth crisis in this country, not a deficit crisis," argued Insana. He also insisted that Europe, which also has debt problems, should not pursue austerity measures. "I think people might be looking at Europe and saying listen, they need…
AP Econ Writers Fret Over No 'Stimulus,' Govt. 'Cutting at All Levels
August 3rd, 2011 9:33 PM
If we're to believe Paul Wiseman and David K. Randall at the Associated Press in their Wednesday afternoon report on the economy, all of the alleged solutions which might shake the U.S. economy out of its weakness either aren't available or no one has the will to try them: stimulus, infrastructure projects, jobs programs, or another round of quantitative easing. Oh, and governments are damaging…