Stock Market

Dylan Ratigan joined Andrea Mitchell Monday on the list of MSNBC anchors who appear to be losing faith in President Barack Obama's leadership. Discussing the type of president required to lead the country in times of crisis, Ratigan remarked, "Wouldn't anybody who wrote a memoir before the age of 50 be rather screwed up anyway?" [Video follows page break]

As NewsBusters reported Sunday, Senator John Kerry (D-Mass.) set off a liberal firestorm when he called Standard and Poor's U.S. credit rating change the "Tea Party Downgrade." On Monday's "Morning Joe," host Joe Scarborough told "terminally stupid ideologues" that "really don't understand" anything because they're "so dogmatic [they] can't think for [themselves]" to "stop using the Tea Party…

It wasn't enough for "Meet the Press" host David Gregory to nicely set up Senator John Kerry (D-Mass.) to blame Standard and Poor's downgrade of America's credit rating on the Tea Party Sunday. The producers actually felt Kerry's "Tea Party Downgrade" comment was important enough to replay again at the end of the show (video follows with transcript and commentary):

Want to know just how scared of the Tea Party America's media are? On Sunday, the Chicago Tribune's Clarence Page published a column entitled "Is The Tea Party Over?":

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:

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:

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):

As has been expected, despite the recently reached debt deal, America's debt got downgraded tonight by credit ratings agency Standard and Poor's. In an analysis posted on its website, S&P explicitly stated that it "takes no position on the mix of spending and revenue measures," however that is a fact that will likely be glossed over by the self-described mainstream media. There is much…

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…

The past three weeks in the stock market have gone as follows: Week ended July 22 -- Pretty good; week ended July 29 -- Really bad; week just ended -- Absolutely awful. After I received a remarkably vague e-mail from CNN just after 4 p.m. today, I thought I'd go back and see how it handled its closing-bell emails during the previous two weeks. It was quite revealing. The three emails follow…

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:

I don't normally get emails from CNN when the markets go from negative territory to positive, or vice-versa. But I did today, as the Dow and the S&P 500 oh-so-temporarily showed plus signs? So why did CNN send the email? Could it be that the markets' plunge is getting more widely known, and the network feels the need to tamp down the spreading pessimism? The CNN email, along with a…

Appearing on Wednesday's NBC Today, CNBC Mad Money host Jim Cramer blamed the debt ceiling standoff for stocks falling on Wall Street: "All people can talk about is the whole slow down that Washington triggered, the 'manufactured crisis,' as the President mentioned..." Co-host Ann Curry wondered: "To what degree did the spending cuts called for in this bill have an influence in this perception…

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…