Monday's CBS This Morning brought on former Clinton Labor Secretary Robert Reich to brush off the effect of French socialist Francois Hollande's election on the world economy, despite the immediate decline in global stock markets: "I don't think there's really much danger." Anchor Erica Hill had asked the pundit if there was "a danger in throwing off the French economy and the ripple effect that could have."
Charlie Rose identified Reich as merely a "former labor secretary" and omitted mentioning his former Clinton administration role, along with his left-of-center ideology. The morning show also let the economist appear solo, without bringing on a conservative to appear opposite him during the segment.
Stock Market
By Matthew Balan | May 7, 2012 | 3:30 PM EDT
By Noel Sheppard | March 20, 2012 | 8:35 PM EDT
There may be no more pompous and conceited person on the airwaves today than CNN contributor Paul Begala.
Appearing on Erin Burnett OutFront Tuesday, the former Clinton adviser actually said, "I put together a federal budget that was balanced, and it created the greatest boom in American history and global history" (video follows with transcript and commentary, file photo):
By Kyle Drennen | February 29, 2012 | 2:15 PM EST
On CNBC's Behind the Money blog on Wednesday, Fast Money executive producer John Melloy promoted a left-leaning theory as to why the stock market has been on the rise lately: "While President Obama may not be Wall Street's ideal candidate, stock prices are rising on growing expectations he will be re-elected this November."
Melloy pointed to long-term political certainty as a reason for investor optimism and added: "The surge in President Obama's chances at a second term also have coincided with a string of better-than-expected domestic economic data this year, including an all-important drop in the unemployment rate."
By Kyle Drennen | February 24, 2012 | 4:46 PM EST
While ABC's World News declared "a big chunk of the pain at the pump is Wall Street's fault" on Thursday, on NBC's Nightly News, anchor Brian Williams similarly announced: "The problem is gas prices are largely set by commodities traders, also known these days as speculators."
Correspondent Miguel Almaguer reported on "backlash from both sides of the register" as a sound bite played of Los Angeles gas station owner Andre Van Der Valk ranting: "Consumers should be very, very angry and very challenging of the oil companies. That's where it all starts."
By Matthew Balan | February 22, 2012 | 6:32 PM EST
On Wednesday's CBS This Morning, Charlie Rose promoted a talking point used by liberals, including President Obama, that Warren Buffett and other billionaires want their taxes raised. After playing a clip of Chris Christie ripping Buffett, Rose asked Jack Welch, "Do you agree with the governor of New Jersey, or do you agree with...Buffett, that there ought to be more tax on the super-rich?"
When Welch replied, "I don't feel under-taxed in any way at all," Rose insisted that "most of the people that are in your economic bracket tell me they're prepared to pay more taxes if, in fact, they could be sure where the money was going."
By Noel Sheppard | February 19, 2012 | 6:03 PM EST
Since the first Occupy Wall Street protest, you haven't been able to swing a dead cat in this country without hitting an Obama-loving media member carping and whining about income inequality.
Yet according to this chart created by the nation's largest federation of trade unions the AFL-CIO, the difference between average CEO and average worker pay has been plummeting since the year 2000:
By Tom Blumer | December 29, 2011 | 12:04 PM EST
After the news portion of a "Warmer Weather Hurting Retail" segment on the impact of the mild winter on retail sales thus far appearing early this morning on CNBC, Joe Kernen and John Harwood got into it over the relevance and influence of so-called "global warming" (I guess Harwood didn't get the memo that it's "climate change" now).
Picking up at the 2:10 mark of the video:
Obama Tells 60 Minutes 'Damaging Behavior on Wall Street' Was Legal, Wasn't Asked Who Enacted Such Laws
By Noel Sheppard | December 11, 2011 | 10:06 PM EST There was an astonishingly revealing moment on Sunday's 60 Minutes when President Obama said, "Some of the most damaging behavior on Wall Street, in some cases, some of the least ethical behavior on Wall Street, wasn't illegal."
For what should be obvious reasons, CBS's Steve Kroft didn't bother asking his guest who created, voted for or signed the pieces of legislation that allowed this "damaging behavior on Wall Street" to be legal (video follows with transcript and commentary):
By Noel Sheppard | December 6, 2011 | 12:15 AM EST
Last month, NewsBusters reported 60 Minutes cherry-picking Peter Schweizer's book about Congressional insider trading to make it appear the problem was largely a Republican one.
Schweizer did a phone interview with NewsBusters last week to discuss this matter in greater detail including how with the exception of Fox News, despite this being a bipartisan issue, the media have largely ignored it to protect liberal politicians they revere (video follows with transcript):
By Noel Sheppard | December 1, 2011 | 11:39 PM EST
For conservatives, one of the bright spots of the Occupy Wall Street protests was when millionaire investor Peter Schiff went down to Zuccotti Park with video camera and a sign reading "I Am The 1% - Let's Talk."
On Tuesday, I had the pleasure of speaking with Schiff by telephone in a sweeping interview about his experience at OWS, how the financial media are doing, and ending with his rather frightening view of the economy and the future of our nation (video follows with transcript):
By Noel Sheppard | November 14, 2011 | 11:46 AM EST
To give you an idea of the lengths the Huffington Post will go to defend liberal politicians those involved in the website revere, a front page piece on Monday took the side of House Speaker John Boehner (R-Oh.) in order to give cover to House Minority Leader Nancy Pelosi (D-Calif.).
Inside the front page headline story "60 Misses: CBS Gets It Wrong On Boehner, Pelosi Stock Trading," HuffPo reporter Ryan Grim went where seemingly no HuffPo reporter has gone before:
By Noel Sheppard | November 5, 2011 | 1:18 PM EDT
If it's Saturday, I must be pointing out more simply stunning stupidity coming from the mouth of Bill Maher.
Never letting me down, the host of HBO's Real Time Friday said the financial crisis was caused by "something new in politics where Wall Street was sort of betting on things to fail as opposed to for things to succeed" (video follows with transcript and commentary):