The European Union might completely fall apart any day now as the countries in that region implode under their massive debt.
Despite this, CNN's Fareed Zakaria offered another America-hating love letter to the struggling continent Sunday actually claiming, "The American dream seems to be thriving in Europe not at home" (video follows with transcript and commentary):
While the media champion the Occupy Wall Street movement as if it's the American version of the Arab Spring, they're predictably missing a crucial distinction.
As the Motley Fool reported Friday, those sleeping in tents and skipping showers in cities around the country are actually part of the world's richest one percent:
The hyperventilation of media members concerning income inequality in America reaches a new high with each passing day.
Case in point, on Inside Washington Friday, PBS's Mark Shields, with a straight face no less, said this disparity is a "national security issue" (video follows with transcript and commentary):
If you listen to Occupy Wall Street-loving media members, you'd think income inequality in America is worse than anywhere else in the world.
Quite the contrary, a chart from World Bank economist Branko Milanovic's book "The Haves and the Have-Nots” paints an entirely different picture:
Just how far are the media willing to go to get Barack Obama reelected?
As conservative author Ann Coulter told Fox News's Sean Hannity Friday evening, "He will have the entire mainstream media bucking for him and they will lie about the economy. 'Oh, it's a turnaround, don't stop him now'" (video follows with transcript and commentary):
NewsBusters on Wednesday shared a list of the top ten richest celebrities that have so far expressed their support for the Occupy Wall Street movement.
Currently in ninth place is actor Tim Robbins who recently told protesters, "You can't rip people off that long and expect to get away with it," (video follows with transcript and commentary):
Politico's "Daily Digest" is an email the blog blasts out in the morning, touting the day's top stories. As a subscriber, this NewsBuster was struck by the left-friendly lean of five out this morning's six featured stories.
To be sure, "Post-recession income falls" is not good for President Obama, reporting as it does that Americans' incomes have fallen faster during his presidency than they did even in the depths of the recession. But every other story would surely be welcome at the White House. Here are the stories, in the order they appear in the email:
Barack Obama took a lot of heat last week for saying America has "gotten a little soft."
Not from Fareed Zakaria who when not advising the president on foreign policy acts as one of his propaganda czars every Sunday on CNN (video follows with transcript and commentary):
A number of Democratic members of Congress came out Wednesday throwing their support behind the protest known as Occupy Wall Street.
Fox News's Neil Cavuto interviewed one of them on Your World marvelously asking Rep. Dennis Kucinich (D-Oh.), "So why didn’t you celebrate when Tea Partiers were running around the country and protesting all the spending and protesting the budget and the debt getting out of control? I don’t remember you glomming on to that one" (video follows with transcript and commentary):
As young, foolish, unemployed Americans Occupy Wall Street, liberals in the media have predictably cheered the protests.
Some, like schlockumentarian Michael Moore, participated in the goings on, telling the crowd last week that the folks inside the buildings surrounding them were solely responsible for the nation’s economic woes (video follows with transcript and extensive commentary):
ABC's George Stephanopoulos lobbied President Obama Monday to "put a stop" to Bank of America's new service charge for its debit card customers.
"You might have a new issue on your plate," the former Democratic political operative advised the President about the new five dollar monthly debit card fee for Bank of America customers. In the interview which aired on ABCNews.com and Yahoo.com at 2:35 p.m. EDT, Stephanopoulos pulled the question from the audience and beseeched Obama "Can you stop this service charge?"
If you only read Thursday's coverage of Bank of America's decision to impose a $5 monthly debit card fee by Associated Press Personal Finance Writer Candice Choi, you would have no idea that last year's "Dodd–Frank Wall Street Reform and Consumer Protection Act" triggered BofA's decision. The legislation gave the Federal Reserve the power to limit debit card interchange fees. The Fed's limit -- 21 cents plus 0.5% of each purchase transaction -- basically cut the banks' fees by about half from their pre-Dodd-Frank level. CardHub.com estimates that the cap will reduce banks' fee income by $9.4 billion annually.
Ms. Choi only cited the existence of "a new rule" in her opening paragraph. She then waited until the ninth paragraph to vaguely cite the existence of "a regulation." It hardly seems accidental that most news consumers who didn't follow the fee fight a year ago will probably have the impression that banks are driving the fee increases, as the following excerpt will demonstrate (bolds are mine):