Pseudo-populism

Katie Couric Gets Some of Her Own Class Warfare Medicine for $14m Salary
By Lachlan Markay | February 3, 2010 | 10:47 AM EST

Update - 2/4, 11:46 AM | Lachlan Markay: CBS News President Sean McManus has denied that the network will cut Couric's pay. Details below.

Katie Couric may be getting a taste of her own populist medicine. When the Dow hit 10,000 last October, she (and other network news personalities) used the opportunity to bemoan massive payments to Wall Street bankers. But now the populist sentiment has turned on her. She faces dramatic pay cuts as CBS News downsizes.

Couric, shown in a, er, file photo at right, "makes enough to pay 200 news reporters $75,000 a year! It's complete insanity," one CBS News insider told the Drudge Report. "We report with great enthusiasm how much bankers are making, how it is out of step with reality during a recession. Well look at Katie!"

The employee was referring to Couric's roughly $14 million annual salary, the highest in network news. That salary may be cut dramatically in the face of massive layoffs at CBS News branches in Washington, San Francisco, Miami, London, Los Angeles and Moscow.

Memo to MSNBC: Media Companies Are Corporations Too
By Lachlan Markay | February 2, 2010 | 5:49 PM EST

The left is up in arms over the Supreme Court's recent decision in "Citizens United v. the Federal Elections Commission". But few voices have been louder than those emanating from the echo chamber at MSNBC. It seems that the cable network's talking heads feel that their parent company, General Electric, deserves a special exemption to what should be a blanket ban on unrestricted corporate speech.

First a bit of background for those unfamiliar with the Supreme Court decision. The court struck down in a 5-4 ruling a ban on corporate (or union) spending on political speech specifically endorsing or attacking a candidate for office within 30 days of a primary or 60 days of a general election. It ruled that the ban violated the First Amendment.

Few liberals seemed to notice that in attacking corporate speech they were also effectively undermining their own employers, media corporations who employs them for the express purpose of engaging in political speech. Surely Keith Olbermann and Rachel Maddow would defend MSNBC's right to speak (and spend) freely without interference from the federal government--especially in the run-up to an election when free speech is most important and must be protected.

Cramer Rips Obama 'Lurch Toward Populism': 'Now on an Anti-Shareholder Rampage'
By Jeff Poor | January 26, 2010 | 9:27 AM EST

It was initially thought the election of President Barack Obama was just going to hit your pocketbook in the form of higher taxes. But if the past several days are any indication, the president has found another way to hit it - by attacking your stock portfolio.

On CNBC's Jan. 25 "Mad Money," host Jim Cramer advised his viewers to be aware of this and to strategically position their stock portfolio with an eye on Obama and Washington's expanded role in the private economy.

"In the last week the world of investing has been turned upside down by Washington," Cramer said. "We can no longer afford to look at stocks the same way we did before the GOP upset in Massachusetts. With the Obama administration now on an anti-shareholder rampage, we now have to factor in political risk when we evaluate different sectors. And the risk may be higher than anytime since Jimmy Carter, who truly hated profits, especially if they were big. In the midst of earnings season, suddenly politics has become just as important as revenue growth or market share gains or earnings' beats. So we need a new prism for valuing stocks."

CBS's Reid Rips Obama's Anti-Wall Street Populism: 'Sounds More Like Politics than a Real Plan'
By Jeff Poor | January 25, 2010 | 3:09 PM EST

Is the luster finally wearing off the love affair between the White House press corps and President Barack Obama? It is, if CBS White House correspondent Chip Reid's analysis of President Barack Obama's latest Wall Street proposals is anything to go by.

Reid appeared on the Fox Business Network's Jan. 25 "Imus in the Morning" program and offered an update on the president's financial and economic advisers, mainly Treasury Secretary Timothy Geithner and Director of the National Economic Council Lawrence Summers. He said both Geithner and Summers should survive, despite a run-in with former Federal Reserve Chairman Paul Volcker, who chairs the President's Economic Recovery Advisory Board.

"Well, you know, it's really the same as it's all been," Reid said. "That there's some unease about both of them, but the President has been satisfied with the jobs they've done. Behind the scenes, they both still have a lot of control. They lost this battle to Volcker, but now they're on board on this new plan for Wall Street, although it really sounds more like politics than a real plan because it's hard to believe it would get through."

NewsBusters Interview: Tim Carney, Author of 'Obamanomics'
By Lachlan Markay | January 22, 2010 | 11:08 AM EST

During the 2008 presidential campaign, Americans were treated to a number of populist sermons on the "special interests" who would oppose "reform" at any cost to maintain the "status quo" from which they "profit financially or politically." The drug companies, the energy companies, the Wall Street bankers, and the health insurers were the corporate enemies of a just and harmonious America, or so one might have gathered.

Obama was at the vanguard of this populist charge. But since his election, he has proposed health care legislation that would subsidize Pfizer and PhRMA, a cap and trade plan that would drive profits to General Electric, and Wall Street bailouts that lined the pockets of the same Goldman Sachs bankers he so reviled during the campaign. What happened?

Washington Examiner columnist Tim Carney exposes and investigates this monumental disconnect in his new book "Obamanomics: How Barack Obama is Bankrupting You and Enriching His Wall Street Friends, Corporate Lobbyists, and Union Bosses." Carney explores the "political strategy of partnering with the biggest businesses in order to create new regulations, taxes, and subsidies." Those measures, he argues, actually benefit the biggest businesses by crowding out competition, consolidating market share, or giving billions in subsidies directly to those companies.

Food Fight: MSNBC's Mika Brzezinski Advocates Tax on Meat, Soft Drinks, and People Who Consume Them
By Mike Sargent | October 26, 2009 | 2:09 PM EDT

I rise today in defense of bacon, as well as consuming hamburgers on Independence Day.  And, most importantly, in defense of my mother's awe-inspiring pot roast.

Mika Brzezinski, co-host of MSNBC's Morning Joe, wants the government to make these classic American foodstuffs, as well as soda, alcohol, and being overweight, cost more.  I apologize in advance for the long length of the transcript snippets – while Brzezinski is pontificating by reading the ‘New York Daily News’ editorial, the rest of the Brew Crew is making fun of her.

No, really [emphasis mine]:

BRZEZINSKI: Some people actually cares about their health, so I'm going to read that for those people. [reading] "A tax on sodas containing sugar has also been under consideration by Governor Paterson, among others."
Host, Interrupted: Joe Scarborough Snarks Back At Rush Limbaugh
By Mike Sargent | October 9, 2009 | 11:13 AM EDT

Today, Joe Scarborough continued his feud with Rush Limbaugh, insinuating that the talk radio legend is not a true conservative.For the second time today, I’m looking ‘round the office, wondering whether I’m being punked.Hot on the heels of Barack Obama’s Nobel Peace Prize – won for the stellar achievements (?) of the first ten days of his presidency –  we find out that Joe Scarborough believes himself to be the only true heir to the mantle of Reagan and Buckley – at least, among the radio talker set.  On this morning’s edition of Morning Joe, Scarborough and the Brew Crew had the following exchange:

MSNBC's Ratigan Shouts Down Conservative Guest, 24 Hours After Lamenting 'Thuggery In Dialogue'
By Mike Sargent | October 6, 2009 | 4:32 PM EDT

An interesting, yet little known fact about goldfish:  The average goldfish has a memory of approximately one to three months, depending on the stimuli used to train it.

Dylan Ratigan, former CNBC co-host and current MSNBC desk jockey, has a shorter memory than a goldfish.

As the MRC’s Tim Graham noted just yesterday, it is an odd thing when MSNBC hosts wish for more civility in political dialogue.  A mere 24 hours later, Ratigan provided another example of his insincerity during a live segment on health care.  

Former New York Lt. Governor Betsy McCaughey (R) took the conservative viewpoint, and Ratigan tag-teamed with Democratic Rep. Anthony Weiner (N.Y.) in belittling her every statement.  
Chris Matthews Encourages Dem Rep. Grayson to Be A Proud Liberal
By Mike Sargent | October 2, 2009 | 6:31 PM EDT
Of all the ignorant, boot-licking interviews in Chris Matthews' long career, this one may be the most hypocritical.

Rep. Alan Grayson (D-Fla.), he of  "die quickly" YouTube fame, appeared on the October 2 edition of MSNBC's "Hardball," and Matthews wasted no time in teeing up the GOP for Grayson:
CHRIS MATTHEWS: I'm looking for some insight here. I'm a reporter. I'm trying to find out what you know and what you don't know. When you walk around the floor. When you walk past the Republican cloak room. When you get on the elevator.  When you get on the subway over there in the Capitol building. Do these Republicans come up to you and say your number is up, buddy?  What do they say to you?
WaPo Ignores Itself, Prods McDonnell to Be More Vocally Pro-Life
By Mike Sargent | August 17, 2009 | 11:58 AM EDT
The Washington Post editorial page threw itself today into quite an odd political position.

The Post seems to think that Bob McDonnell, the GOP candidate for Virginia governor, should be more vocal about his opposition to abortion.  His opponent, Creigh Deeds, recently attempted to make a campaign issue out of his (somewhat newfound) support for abortion rights – a strategy that the Post called “risky.”  Today’s editorial, however, backed Deeds’ strategy:
Mr. Deeds's strategy of stressing abortion may work or backfire; time will tell. But to suggest, as the McDonnell campaign has, that a campaign discussion about abortion "is engaging in the politics of division" is disingenuous and wrong. Thousands of Virginians have abortions every year, a decision that touches on families and futures. It's a fair and pressing topic of debate.
That is a somewhat perplexing position.  On its face, that appears to be gently pushing McDonnell to engage on an issue critical to winning over Virginia voters.  The problem is, the Post’s position would throw the current debate among Virginia voters wildly off-topic, according to no less a source than a recent Washington Post poll.
Rhodes Scholar Bobby Jindal Schools CNN's John Roberts
By Mike Sargent | July 21, 2009 | 4:08 PM EDT
John Roberts, on the July 21 edition of American Morning, appeared to expect Louisiana Governor Bobby Jindal to turn in a weak performance on the issue of health care.  Hilarity ensued, as Jindal, who turned down Harvard Medical and Yale Law for a Rhodes scholarship at Oxford, proved to be anything but a pushover.

The would-be newsman kicked off with some misleading statistics about Jindal’s performance as governor:
Governor, it’s good to see you.  You penned a rather scathing editorial for the Politico.com on the Democrats’ health care proposals. But your state ranks dead last in the United Health Foundation survey of overall health. It also had the fourth highest Medicare cost per patient in the country from 1996 through 2006, according to the Robert Wood Johnson Foundation. So some people out there might be wondering if you’re the best person to be criticizing the administration’s plans for health care reform?
Since Jindal is a classy fellow, and realizes that this debate is not about his performance as Louisiana Governor, he neglected to point out that he took office January 14, 2008.  That’s at least a full year after Roberts’ statistics ended.  The Rhodes scholar responded:
Liz Cheney Schools WaPo's Robinson On Law Regarding CIA Ops
By Mike Sargent | July 14, 2009 | 5:52 PM EDT

Sooner or later, liberals will learn to not provoke Liz Cheney on issues of national security.Those who watch the news for information other than the tragic death (and subsequent funeral circus) of Michael Jackson have most likely heard of the most recent round of accusations made by congressional liberals against the Central Intelligence Agency.  On the July 14 “Morning Joe,” the former vice president's daughter issued a thrashing of Washington Post columnist Eugene Robinson, who (one would guess) did not adequately prepare to argue about the laws concerning when the CIA is required to brief Congress.Robinson first submits the following:

EUGENE ROBINSON, Washington Post columnist: Hi, Liz, how are you? I have a question. I actually have a question for Liz in a minute, but you know, look, it's inconvenient that there is a law, there is a 1947 law that requires that Congress be briefed on significant intelligence operations or activities or anticipated significant intelligent activity, so it seems to be clear that they should have been briefed. And if the Vice President told the CIA not to brief Congress then that was wrong.

That certainly sounds correct, at least on the surface – if that’s the law, that’s the law.Except, that’s not the law: