Media Revelation: Obama is Going to Raise Taxes

September 14th, 2009 9:19 AM
About a year ago, then-Senator and Democratic nominee Barack Obama managed to seize control of the issue of taxes from the Republican Party by promising lower taxes for "95 percent of Americans." But today it's a drastically different situation. Obama's $787-billion stimulus has been passed into law and the administration is taking on higher deficits, which will only increase if a…

Still Bitter: White House Goes After Santelli Again, but Santelli Fire

September 4th, 2009 4:52 PM
It's been nearly seven months since CNBC reporter Rick Santelli took a stand against the Obama administration, which inspired the tea party movement - and the White House hasn't forgotten. White House Press Secretary Robert Gibbs was asked by CNBC Washington correspondent John Harwood why the administration decided to go after Santelli after his Feb. 19 call for a metaphorical revolt over…

CNBC Goes into 'Crisis' Mode at Height of ObamaCare Debate

July 31st, 2009 12:32 PM
Balanced? Sure. Hyperbolic? Definitely.Invoking the word "crisis" might conjure up images of a Category 5 hurricane bearing down on the U.S. Gulf Coast or some other situation where decisive action much be taken to avert impending doom. But, is it appropriate to suddenly attach it to the key issue put forth by Obama administration, such as health care? On July 30, CNBC dedicated its…

Saudi Oil Minister Reprimands CNBC Reporter for Calling OPEC a 'Cartel

May 28th, 2009 1:59 PM
It's the new "C" word according to Melissa Francis, co-host of CNBC's "The Call." Using the word "cartel" to describe OPEC is officially a no- no. Francis, who was on location in Vienna, Austria at the OPEC summit, reported on an exchange between herself and Ali Al-Naimi, the oil minister of Saudi Arabia during the May 28 broadcast of "Squawk on the Street.…

Cramer Responds to NYU Professor Nouriel Roubini in Latest CNBC Feud

April 8th, 2009 3:43 PM
Once again, someone has squared off against one of CNBC's star personalities, and this time it's a liberal economist taking aim at the old standby, "Mad Money" host Jim Cramer. An April 8 Associated Press story reported that, on the heels of "The Daily Show" host Jon Stewart taking Cramer "to task for trying to turn finance reporting into a game," New York…

The Huffington Post's New Obsession: CNBC

March 23rd, 2009 5:43 PM
It's the latest ailment of the left - CNBC derangement syndrome. Since CNBC's Rick Santelli and Jim Cramer took an outspoken stance on the shortcomings of the Obama administration, left-wing storefronts have been popping up all over the place wanting to capitalize on the network after it took a vicious attack from Comedy Central "The Daily Show" host Jon Stewart. After CNBC "…

CNBC Host Accuses Dem Congressman of ‘Witch Huntery’ on AIG Retroa

March 20th, 2009 7:09 PM
For the second day in a row, CNBC "Squawk on the Street" co-host Mark Haines took on a Democratic congressman over the issue that American International Group (AIG) paid out too much in bonuses for a company that received federal bailout money. On March 19, Haines took on alleged tax cheat Charles Rangel, questioning whether or not he should be dictating tax policy while the House…

CNBC Host to Rangel on AIG Bonus Tax Push: 'Talk About Violating the P

March 19th, 2009 2:57 PM
In the wake of the American International Group (AIG) bonus controversy, some have called the plans of congressional leaders to tax those bonuses at a rate of 90-100 percent "legislating with a vengeance." However, Chairman of the House Ways and Means Committee Rep. Charles Rangel, D-N.Y., insists that doing this is a necessity, despite the premise that retroactively taxing anything is…

CNBC Analyst: No Market Confidence in Stimulus, Banking Bailout; Dow J

February 13th, 2009 7:23 PM
Remember how the $789 billion stimulus package and the banking bailout under the direction of Treasury Secretary Tim Geithner were supposed to restore confidence to the economy? Think again. As the Dow Jones Industrial Average (DJIA) dipped to less than 8,000 points in the wake of Geithner's TARP II announcement on Feb. 10, CNBC contributor and UC-Irvine Professor of Economics and Public Policy…

CNBC Asks Limbaugh About His Bipartisan Stimulus Plan

January 29th, 2009 1:18 PM
On Thursday, NewsBusters asked, "How Will Media Cover Rush Limbaugh's Bipartisan Stimulus Plan?"Moments later, we got our first clue as the conservative talk radio host was interviewed by CNBC's Erin Burnett and Mark Haines.UPDATE: Better functioning video now embedded; bonus "Fox & Friends" interview video also added at end of post.Most fascinating, Burnett, who has come…

CNBC's Erin Burnett's Revelation: Snuggie Sales Prove TV isn't Dead

January 29th, 2009 12:12 PM
Who would have thought a blanket with sleeves, available in a variety of pastel colors, could serve as an economic indicator? While several sectors of industry are seeking bailout money in some form or another, the Snuggie, an oversized fleece blanket with sleeves featured in cable television ads, is one of the good-news business stories of 2009. According to an article in the Jan. 27 USA Today…

Last Year Tough for Print Media as Newspapers Lose $64B in Share Value

January 2nd, 2009 3:00 PM
Some call it "the dead tree edition" of the news media. But as 2009 dawns, trees may not be the only casualties.Newspaper companies as an investment are less lucrative than they once were. Alan D. Mutter, a Silicon Valley CEO, pointed out on his blog that newspaper companies took a hit in 2008 in terms of share value to the tune of $64 billion. "In the worst year in history for…

'Evening News' Bummed Over Lower Gas Prices

Business
November 14th, 2008 9:28 AM
Segment views cheaper fuel as sign of economy in peril, obstacle to 'develop alternative sources of energy or fund green developments.'

CNBC's Francis and Haines Call Senate Bailout Bill Tax Add-Ons 'Crap

October 2nd, 2008 10:41 AM
You've got to love brutal honesty, especially when it comes from the financial media. The Senate's version of a bailout bill, which passed last night by a margin of 74-25, included "sweeteners" - or obscure tax breaks - including benefits for the manufacturer of wooden arrows used in children's toys and another for litigants in the 1989 Exxon Valdez oil spill. Melissa Francis, co-…