Networks Silent on President's Violation of Pledge Not to Raise Taxes
November 12th, 2009 10:12 AM
The media gave President Obama credit during the campaign for promising not to raise taxes on the middle class. He was on the trail in New Hampshire when he made a "firm pledge" not to raise taxes on any family "making less than $250,000 a year." Obama is doing his best to break that promise, but the network news media haven't bothered to report it. On Nov. 6 when he endorsed the tax increase-…
Pfizer Leaving New London, CT; Just Don't Mention 'Kelo' While Reporti
November 10th, 2009 12:09 PM
It's a development that I wouldn't wish on anybody, but one that the City of New London, Connecticut largely brought upon itself by pursuing and winning the Kelo v. New London case at the Supreme Court in June 2005. Some "win." In what Ed Morrissey at Hot Air calls "a fitting coda to a chapter of governmental abuse," pharmaceutical manufacturer Pfizer is leaving the global research and…
Oops -- Cramer's October 12 Unemployment Prediction: 'We Are Not Going
November 7th, 2009 2:28 PM
Drinking the Kool-Aid on MSNBC wasn't enough, even for CNBC's Jim Cramer, to escape the reality that Obamanomics isn't working. Back on October 12, Cramer, to his credit, knew there were some problems with the $787-billion stimulus passed earlier this year. However, he felt it was necessary to pledge his admiration for President Barack Obama, Treasury Secretary Timothy Geithner and Federal…
Vintage Santelli: PelosiCare Threat to Recovery; Dow Climb Due to Mark
November 6th, 2009 10:26 PM
A rising Dow Jones Industrial Average (DJIA) means better times are on the way, right? Not necessarily, according to CNBC CME floor reporter and tea party movement inspiration Rick Santelli. Santelli made an appearance on CNBC's Nov. 6 "Fast Money," a show which the host, Melissa Lee, is skittish about a discussion that politics interferes with the market is a reality. Nonetheless, Santelli…
Unemployment Surges to 10.2 Percent, CNN Asks About Second Stimulus
November 6th, 2009 1:57 PM
President Obama lobbied for government stimulus almost as soon as he took office. In order to gain passage of that $787 billion spending spree, Obama warned of economic "catastrophe" including double-digit unemployment. Roughly 9 months later, we now have proof that those billions of taxpayer dollars spent didn't stop the unemployment rate from soaring to 10.2 percent. Still, that failure didn't…
CNN's Romans: Unemployment Benefits Extension 'Would Not Come Out of
November 5th, 2009 10:27 PM
On her segment of CNN Newsroom this morning, anchor Heidi Collins asked business correspondent Christine Romans about Senate action on extending yet again unemployment benefits:CHRISTINE ROMANS, CNN BUSINESS CORRESPONDENT: You're right. And Heidi, all of those things that you mentioned are incredibly important to your money and all of them could affect you very, very near-term here. This…
Cash Crunch, Press Silence: As ObamaCare Advances In Congress, Uncle S
November 5th, 2009 4:06 PM
The August Congressional Budget Office budget forecast for the fiscal year that began last month says that Uncle Sam will take in $2.264 trillion from October 2009 through September 2010. That's an increase of 7.6% over fiscal 2009's intake of $2.105 trillion. Though it won't be official until Tim Geithner's crew releases its Monthly Treasury Statement next week, it's virtually certain that the…
Wholly Ineffective: Lefty Boycott of Whole Foods Has No Noticeable Fin
November 5th, 2009 12:44 PM
Here's news you can virtually guarantee won't get noticed by what remains of the establishment media. Whole Foods (WFMI) announced its financial results for the quarter ended September 30 yesterday. The quarter closed about 50 days after outraged leftists called for a boycott of the grocery chain to retaliate for a Wall Street Journal op-ed written by CEO John Mackey. In that column, Mackey…
Ford Had a Better Idea by Not Taking Bailout, But Some Media Forget To
November 5th, 2009 9:55 AM
Ford Motor Company took everyone by "surprise" Nov. 2, when it announced nearly a billion dollars in profit for the third quarter of 2009. The company also said it would be "solidly profitable" by 2011. CNN repeated the announcement on Nov. 3 "American Morning," saying, "Turning now to the Big Three in Detroit, Chrysler extends its buyout offer to more than 20,000 employees while General…
It's About Time: AP Admits Ford 'Has Benefited From Customer Goodwill
November 5th, 2009 12:18 AM
Well, it only took them the better part of a year to pick up on what yours truly first noted in early February (at NewsBusters; at BizzyBlog), and what anyone with eyes has surely known for months. But the Associated Press has finally acknowledged it -- or at least it's the first time I've seen the wire service do so. In the eighth paragraph of their article covering October's auto sales, AP…
CNBC: New York Times Potential Acquisition Target for Google
November 3rd, 2009 4:17 PM
Want more evidence print media is giving way to digital formats? According to CNBC "Squawk on the Street" Nov. 3, Internet behemoth Google (NASDAQ:GOOG) could have its sights set on The New York Times (NYSE:NYT). Brian Shactman, a general assignment reporter for CNBC noted an article in the Nov. 2 Wall Street Journal that indicated a lot of big companies are hoarding cash and short term…
