BMI's Top 10 Economic Myths of
Each year the Business & Media Institute looks back on the year's news and selects the top 10 worst economic myths. This year the media's myths were wide-ranging: from conspiracy theories about economic sabotage, to overpopulation panic and Occupy Wall Street's mantra "We are the 99 percent."
Here is our 2011 list:
Michael Moore: 'A Roof Over One's Head Is a Human Right
Did you know it was a human right to have a roof over your head?
So says schlockumentarian Occupy Wall Street supporter Michael Moore in an absolutely hysterical call to arms published at the Huffington Post Wednesday entitled "The Winter of Our Occupation":
NB Interview: Peter Schiff on Media and the Economy, OWS
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…
Scarborough: Newt 'Not Fit To Be President Of The United States
UPDATE: Scarborough Responds--Don't Twist My Criticism of Newt Into Support For Obama
In response to an inquiry from this NewsBuster, Joe Scarborough has made clear that he strongly opposes President Obama's "disastrous" record, urging people not to twist his criticism of Gingrich into support for Obama. Full Scarborough statement after the jump…
AP Pair on Frank's Retirement: 'Gay Pioneer' With 'Legislative Triumph
Anyone who made the easy prediction that the Associated Press would fail to bring up Fannie Mae or Freddie Mac in its fawning tribute to Barney Frank after his retirement announcement yesterday was correct. Anyone making the easy prediction that the AP would lionize him as a "gay pioneer" was also spot-on.
Also predictably, the wire service's Bob Salsberg and David Espo failed to mention that…
CNN Eulogizes 'Titan' Barney Frank
Reporting on Monday morning that Congressman Barney Frank (D-Mass.) was not seeking re-election, CNN's political team whitewashed his controversial tenure in office with some fond words like "titan," "larger-than-life," and "teacher at heart."
CNN's Joe Johns lauded Frank's skills as a teacher -- especially as the first openly-gay congressman. "He's taught this country so much about the gay…
NBC's Williams Gives Liberal Author Platform to Urge Viewers to Join O
Talking to liberal author Michael Lewis on Monday's Rock Center on NBC about the Greek financial crisis, anchor Brian Williams wondered: "...what's the one thing you want to shout from the mountaintops, a message that is in all of your books that people aren't hearing, aren't paying attention to?"
Lewis called for an end to big banks: "...we still have at the center of our life these massive…
Fareed Zakaria: 'The American Dream Is Better In Europe
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):
At His 'Occupy' Incident Compilation, Big Journalism's Nolte Decries D
As he accumulates his "Occupy Rap Sheet" over at BigJournalism.com, John Nolte has made some excellent points about the nature of the press's coverage which should not be missed. His incident count is up to 151. It will certainly grow based on more recent events which haven't yet made it to his compilation (this is just a sample): A $10 million arson arrest in Fort Collins, Colorado (really; HT…
More Maher Stupidity: Wall Street Betting on Things to Fail Is 'Someth
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):
AP Headline, First Graf on Solyndra Subpoena Rejection Fail to Name th
It would be funny if it weren't so transparently sad. We've seen "name that party" games for a long time in the press. Today, the Associated Press played "name that company."
In an unbylined report Friday evening which oddly has Dina Cappiello's Twitter address at the bottom , the identity of failed solar manufacturer Solyndra isn't revealed until the third paragraph. The item's headline…
AP Critique of GOP Candidates' Economic Proposals Cites 'Mainstream' T
It's truly delicious when the outfit which calls itself the Essential Global News Network essentially admits that a certain economic theory which begins with a "K" has become such an undesirable word -- almost an epithet -- that it avoids its mention.
That was the case with a pathetic critique of GOP candidates' economic plans written up by the wire service's Charles Babington on Sunday. When…
NPR: St. Paul's Cathedral a 'Laughing Stock' in the UK For Suing 'Occu
NPR's Philip Reeves slanted towards the Occupy Wall Street on Wednesday's All Things Considered as he played up the "huge outcry" over St. Paul Cathedral in London's dispute with the left-leaning movement, which has an encampment outside its doors. Reeves spotlighted a local official who "called St. Paul's a 'national laughing stock,'" and omitted sound bites from the opponents of the movement…
Wires Virtually Ignore Corzine's Dem Party ID, Rarely Associate Him Wi
Consider this post the print and online follow-up to the report early Tuesday evening by Matthew Balan at NewsBusters on the failure of the Big Three TV networks to note the Democratic Party/Obama fundraising affiliation of former New Jersey Governor Jon Corzine, whose now-bankrupt MF Global financial firm has apparently admitted to diverting client money in a futile attempt to battle its…
