Rupert Murdoch is in a pickle, and the famously abrasive lefty writer Taibbi is loving every minute of it. In a Tuesday article for Rolling Stone, Taibbi portrays Murdoch as “desperate… because he senses his beloved audience of idiots” abandoning Fox News in favor of Donald Trump, “a onetime Fox favorite who is fast becoming the network's archenemy.”

Taibbi argues that Fox News must routinely dumb itself down in order to stay popular; Murdoch and Roger Ailes, he writes, “know they've spent a generation building an audience of morons. Their business model depends on morons; morons are the raw materials of their industry, the way Budweiser is in the hops business…[But] you have to keep upping the ante to make it work. Trump is…going to places now that make even Rupert Murdoch nervous.”

There are two points here. First, Rupert Murdoch has spent a lifetime working relentlessly on a stunning accomplishment. Murdoch’s relentless attention to detail has created a media empire that now, a decade and a half into the 21st century, spans not only the globe but every means of communication from satellites to television, film, newspapers, books and, of critical importance in the new century, the digital. 

The second point? Along the way Murdoch - with the not inconsiderable gifts of Roger Ailes - has broken the once seemingly unbreakable iron grip of the liberal media in America. For good.

On Tuesday's New Day, CNN again spotlighted Rupert Murdoch's Friday Tweet, where the multi-billionaire asserted, "Maybe most Moslems peaceful, but until they recognize and destroy their growing jihadist cancer, they must be held responsible." Alisyn Camerota, a veteran of Murdoch's Fox News Channel, asked global affairs analyst Bobby Ghosh about the post: "Do they bear some responsibility for eradicating this cancer?"Ghosh replied, "No. I think that Rupert Murdoch quote – the most charitable thing I can say is that, perhaps, he mistyped something."

Liberal journalists are fine with media moguls – unless the mogul happens to not be a fellow liberal. When word got out in July that 21st Century Fox owner Rupert Murdoch had made an offer to purchase Time Warner, the parent company for Warner Brothers, HBO and CNN, the media panicked.

Liberal loudmouths Bill Maher, who has a show on HBO and would be impacted by a Murdoch buy, and Jane Fonda, the actress and ex-wife of CNN’s founder, both expressed outrage. Maher called it “a terrible price to pay.” Vox.com, the self-proclaimed news platform started by former Washington Post wonder boy Ezra Klein, also criticized the proposed deal and tastelessly attacked Murdoch himself.

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Today, President Obama is going to ask a group of private-sector companies to help him try to solve a problem his administration's policies have seriously worsened, namely long-term unemployment.

Of course, that's not how Josh Lederman at the Associated Press, aka the Administration's Press, framed the situation. All he would concede is that "long-term joblessness in the U.S. remains a major problem." After the jump, in two graphs from the St. Louis Federal Reserve, we'll see the frightening level of long-term unemployment Obama's economic policies have created – and how the horrid numbers have failed to come down significantly in the 4-1/2 years since the recession officially ended.