Taxes

You'd think the money man behind an array of left wing organizations wouldn't need CNN to get out his message about the death and "bankruptcy" of free-market capitalism, but there was left-wing billionaire and financier George Soros on "GPS" Feb.18 Interviewed by Fareed Zakaria, Soros said he disagreed with President Obama's decision to bail out the banks. Soros would have nationalized them.…

On Monday's CBS Early Show, White House correspondent Bill Plante reported on the possibility of Democrats using reconciliation to pass a health care reform bill and noted how Republicans used the procedure when they were in the majority: "In the past it has helped the majority party push through some controversial legislation. In 2001, Republicans used it to pass a giant $1.3 trillion tax cut."…

Fareed Zakaria used his CNN program Sunday to campaign for a national sales tax.This came just two weeks after he absurdly accused the tax cuts implemented by George W. Bush of being the biggest cause of today's budget deficit. Zakaria began the most recent installment of "GPS" by first discussing how great a country America is, but "we have big problems.""[T]he biggest one, by far, the one to…

All this week CNN has been taking a look at “Broken Government” and in some cases the cable channel deviated from the mainstream media norm by providing a critical view of government.That was the case on Feb. 23 when Wolf Blitzer and Lisa Sylvester scrutinized lavish pension-plan and retirement-packages for government officials during “The Situation Room.” “Many Americans will spend half a…

It's been almost three weeks since Sarah Palin addressed the Tea Party convention.  More than two weeks since Andrea Mitchell did her taunting little imitation of Palin's hand notes.  But there was Norah O'Donnell today, still milking the moment to mock Palin.O'Donnell worked her hand-note reference into a discussion on today's Morning Joe of Scott Brown's vote for the "jobs bill."  Later, on a…

Poor Barack Obama.  Hasn't put a foot wrong.  Policies just fine.  It's just that he's been dealt the cruel fate of . . . being President of the United States.That was the essence of what Jonathan Capehart, WaPo editorialist, whistled past the liberal graveyard on Morning Joe today.  Confronted with the prez's crumbling poll numbers [by 52-44 margin people don't think PBO deserves to be re-…

On a low-attention Sunday, the Associated Press's Tom Raum put together a pretty good analysis ("US debt will keep growing even with recovery"), though not labeled as such, of the serious financial situation the country faces thanks to the mushrooming national debt. But the AP writer ignored two critical warnings raised in a related item he filed over a year ago on Wednesday, January 7, 2009 ("…

CNN's Fareed Zakaria on Sunday demonstrated just how ignorant most media members are of how the federal budget works.During the most recent installment of "Fareed Zakaria GPS," the host actually said, "[T]he Bush tax cuts are the single largest part of the black hole that is the federal budget deficit."Before we examine the staggering stupidity on display here, let's first look at exactly what…

On Thursday's Morning Joe on MSNBC, CNBC's Maria Bartiromo appeared as a guest and recounted some of President Obama's anti-business, anti-wealthy stands as she informed host Joe Scarborough and the panel why some see Obama as anti-business despite his support of bailouts on Wall Street. Responding to Scarborough's declaration that "there has been a redistribution of wealth since Barack Obama has…

A rather shocking thing happened on Sunday's "Meet the Press": host David Gregory asked Alan Greenspan and Henry Paulson if it would be a mistake to let the Bush tax cuts expire.Chatting with the former Federal Reserve Chairman and former Treasury Secretary, Gregory referenced Tuesday's Wall Street Journal article about what the impact of allowing these tax cuts to expire would be on the budget…

As the old cliché goes, you don't use a sledgehammer to crack a nut, but according to Rick Santelli, that's exactly what it appears the Obama administration is doing terms of financial regulation and fiscal discipline. On CNBC's Feb. 2 broadcast of "Fast Money," host Melissa Lee proposed that taxing the wealthy is not the path to "economic prosperity and fiscal stability." Santelli, the network'…

Want proof low taxes work? Just take a look at the state of New Hampshire, as MSNBC "Morning Joe" host Joe Scarborough astutely pointed out. On the Feb. 2 broadcast of his MSNBC program, Scarborough interviewed Sen. Jeanne Shaheen, D-N.H. Shaheen's home state was hosting a jobs town hall put on by President Barack Obama and Scarborough used the occasion for a teachable moment. "Now, usually…

The Washington Post launched an interactive page this week to profile President Obama's record on his campaign promises after one year in office. The Post put promises into three categories: "To Do," "In Progress" and "Completed."Based on the president's record, most people would be surprised to learn the Post put most of the promises in the "In Progress" category -- and didn't even include a "…