Krugman Blames Downgrade On 'The Extremism of Anti-Tax Republicans
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
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
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
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
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
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
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
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
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.
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CNNMoney: Ignore Debt for Present, More Gov't Spending Needed to Boost
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'…
MSNBC's Alter and Bashir Agree: 'We'd Be in a Depression Now if There
On Monday's "Martin Bashir," MSNBC analyst Jonathan Alter proclaimed that America would "be in a depression now if there had been a balanced budget amendment in 2009." Bashir, concurring with the former Newsweek editor, added, "Indeed."
Reacting to Rep. John Boehner's (R-Ohio) press conference about the debt-ceiling deal, Alter and Bashir mocked the speaker's suggestion that a balanced budget…
Krugman: 'Those Demanding Spending Cuts Now Are Like Medieval Doctors
New York Times columnist Paul Krugman is not happy with the deal Congress and the President apparently have agreed upon to end the debt ceiling impasse.
In his Monday piece, the Nobel laureate wrote, "[T]hose demanding spending cuts now are like medieval doctors who treated the sick by bleeding them":
George Will Proposes 'Krugman Election': 'Resolved - Government Is Too
George Will and Paul Krugman had another great debate Sunday about the role of government spending in stimulating the economy.
As the New York Times columnist predictably whined about the need for more federal spending not less, ABC's lone conservative said on "This Week," "It would be good to go to the electorate and have a Krugman election this time, saying: resolved, the government is too…
Fareed Zakaria Flat Out Lies About Deficits, Debt Ceiling and U.S. Cre
In a "Fareed Zakaria GPS" segment to be aired on CNN Sunday and posted at the network's website Thursday, the host flat out lies about the current debt ceiling debate as well as when and why credit rating agencies began expressing concern about our nation's finances.
"Please understand that none of these things are happening because the United States is running deficits," Zakaria falsely…
