Giuliani: Obama’s Number One Priority was an ‘Ideological Commitme

March 22nd, 2010 8:59 PM
Former presidential candidate and New York City mayor Rudy Giuliani minced no words when it came to the Obama administration's massive health care overhaul. In an exclusive interview with CNBC's Maria Bartiromo, Giuliani stated that, plain and simple, it "was an ideological act by the Congress" liberal Democrats "are very happy about."   "Instead of privatizing - which is what our government…

'Mad Money' Cramer: Health Care Passage 'Will Topple the Stock Market

March 19th, 2010 8:28 AM
While a vote on health care reform legislation appears to be imminent, should it pass it could have broader economic implications, even if the bill itself won't take effect for some time. As CNBC "Mad Money" host Jim Cramer predicted - if it passes, get ready to see a sell-off on Wall Street. Cramer appeared on CNBC's March 18 "The Kudlow Report," with his former broadcast partner Larry Kudlow.…

Biden Debunked: Cramer Declares Avoiding Taxes a 'Patriotic Duty

March 12th, 2010 4:55 PM
Back during the 2008 presidential campaign, then-Sen. Joe Biden, the Democratic nominee for vice president said it was "patriotic" for people to pay more taxes, in an interview on ABC's "Good Morning America." But what if you don't have to pay more taxes legally? Biden's reasoning was simplistic - that we all need to "jump in, time to be part of the deal, time to help get America out of the rut…

Michael Moore: CNBC's Rick Santelli 'Classist, Bigotist

March 12th, 2010 12:58 PM
Left-wing filmmaker Michael Moore and CNBC's Rick Santelli couldn't be more philosophically opposite. Style of argument differs too: Michael Moore assumes the worst in people that oppose his view. In a March 12 appearance on WNYC 93.9 FM/820 AM's "The Brian Lehrer Show," Moore was asked to react to Rick Santelli's February 2009 call for action against the Obama administration proposal to offer a…

CNBC's Rick Santelli Blasts Financial Reform Proposals for Excluding F

March 12th, 2010 10:39 AM
Back on Christmas Eve of 2009, Obama's Treasury Dept. said it would lift the limits on what the federal government could provide in "emergency aid" to Fannie Mae and Freddie Mac - without seeking Congressional permission.  Very few reporters noticed, except for The Washington Post's Zachary Goldfarb who reported the story on Christmas Day and CNBC CME Group reporter and tea party inspiration…

Facepalm: CNBC's Liesman Declares the Time is Right for Higher Taxes o

March 4th, 2010 3:35 PM
It's been proven time and again in over two hundred years of recorded American history, but some people still don't get it - the government is not the most efficient spender of money. On CNBC's March 4 "Squawk Box," in the midst of reporting jobless claims and productivity data, the network's senior economics reporter Steve Liesman offered the suggestion that since some banks were increasing…

Larry Summers: Blame Bad Weather for Unemployment Figures

March 2nd, 2010 6:14 PM
President Obama continuously tries to portray himself as a friend to the little-man, middle class and small business. Hence his attacks on "fat cats" who "just don't get it," while labeling the extravagant bonuses as "obscene," and "the height of irresponsibility." Meanwhile, members of his administration, in defending a sweeping small-business aid program Obama announced in his State of the…

Warren Buffett Give Obama 'High Marks,' Mocks Palin in CNBC Interview

March 1st, 2010 2:34 PM
It's not a secret that billionaire investor and Berkshire Hathaway (NYSE:BRK.A) CEO Warren Buffett is a supporter of President Barack Obama - having endorsed and raised money for him. But has Buffett's approval of the president mirrored the declining marks he's getting from the rest of America?   No, according to Buffett, Obama's earned "high marks." Buffett appeared on CNBC's March 1 "Squawk…

CNBC Notes Tough Questioning from Michigan Legislators on Toyota; Even

February 24th, 2010 6:15 PM
Toyota is facing harsh scrutiny from the media and lawmakers - perhaps with justification. But there could be consequences for the U.S. economy. And as Toyota (NYSE:TM) executives have endured two days of congressional hearings on the issues surrounding their potentially widespread defective products, the most aggressive questioners have been lawmakers from Michigan, home of the Big 3 automakers…

CNBC's Jim Cramer Challenges 'Infuriating' Pessimistic Media 'Bias

February 23rd, 2010 4:27 PM
Did you think the negative economic reporting would stop once George W. Bush was out of office and Barack Obama was in? It hasn't. Although you could argue that the press has done its best to make Obama look good despite economic troubles, as Congress debates a jobs bill and other legislation meant to improve the economy before elections in November, could the media be painting a darler…

Gasparino: 'It is My Job to Turn This Into a Barroom Brawl' with CNBC

February 22nd, 2010 5:58 PM
A little competition is good for consumers, right? If that's the case, it looks promising for consumers of cable business news. Former CNBC on-air-editor, now the senior contributor for the Fox Business Network, Charles Gasparino vows to provide just that. Gasparino appeared on the Feb. 22 broadcast of FBN's "Imus in the Morning" and explained why he made the move. "I always wanted to work…

Rick Santelli - The Free Market Media Personality Who Inspired a Tea P

February 18th, 2010 9:45 AM
On Feb. 19, 2009, one year ago tomorrow, Rick Santelli lost his temper while reporting from the floor of the Chicago Mercantile Exchange. The CNBC reporter was angry about bailouts of businesses and homeowners. His passionate free market rant spoke to many Americans equally distressed about the direction of the nation. The Tea Party movement was born.

'Power Lunch' Guest Says No to Greek Debt, Warns All Governments Will

February 10th, 2010 5:41 PM
Just one day after Treasury Secretary Timothy Geithner said the U.S. wouldn't lose its "top-notch" credit rating, one CNBC guest said that ‘"all governments" will default - it's only a matter of time. When asked by "Power Lunch" co-anchor Sue Herera if he would buy Greek debt, Marc Faber said: "No, I'm not interested in government or sovereign debts because I think that all governments will…

Santelli: Media's Coverage of Economy, Tea Parties 'Very Much Lacking

February 3rd, 2010 3:46 PM
Rick Santelli is the star of perhaps the most politically consequential online video, viral to the extreme, of the past year (right). On February 19, 2009 he let loose on the Obama administration's economic policies on CNBC's "Squawk Box", calling for a "tea party", and inspiring millions of Americans to speak out against what he and many others see as collectivist economics policies pursued by…