Stimulus

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…

Matthews Blames Tuesday's Stock Collapse on Debt Agreement, Ignores Ba
August 2nd, 2011 11:18 PM
If the economy stagnates or falters in the coming months, it seems a metaphysical certitude Obama-loving media will do everything in their power to blame it on Tuesday's debt ceiling agreement rather than any of the other factors already in play.
MSNBC's Chris Matthews gave us a foreshadowing of such deception on "Hardball" when he blamed Tuesday's stock market collapse on the newly-signed…

Hypocrite Scarborough Laments Media Comparing Tea Party to 'Terrorists
August 2nd, 2011 2:56 PM
MSNBC's Joe Scarborough on Tuesday mourned the "absolutely dreadful" behavior of journalists and politicians who have compared Tea Party Republicans to "terrorists," among other things. But as NewsBusters previously reported, the "Morning Joe" co-host repeatedly ignored such transgressions when they occurred on his own show.
[Video follows page break]

CNNMoney: Ignore Debt for Present, More Gov't Spending Needed to Boost
August 1st, 2011 6:45 PM
While the prevailing argument on Capitol Hill right now is not whether to cut federal spending but rather what programs to cut, CNNMoney is fretting over the very concept of spending cuts. You read that right, while both political parties hash out spending cuts to chip away at the growing deficit, CNN is arguing for more government spending to stimulate the economy. Apparently, President Obama'…