CNN: Pinstriped Suits Are Out Because 'Bankers Reaping Bonuses' Wear T
Correspondent Richard Quest made a frivolous attempt to tie the bad economy to men’s fashion on CNN’s Newsroom program on Tuesday. Quest proclaimed that pinstriped business suits are “old-fashioned...and out of touch with reality....because they are the pinstripe of bankers.” He continued that if you wore such attire, “you may be mistaken for one of those bankers reaping bonuses.”Anchor Kyra…
AP Coverage of Ford-UAW Negotiations Ignores Union's Ownership Interes
Ford and the United Auto Workers are set to begin new contract talks under a set of circumstances radically different from any previously faced by either party. There is the "minor" matter of the union's ownership stakes in General Motors and Chrysler that arose in the wake of those two companies' government-engineered bankruptcy filings, accomplished with more than a little rule-bending by the…
Media Virtually Silent About $10 Billion Union Health Care Subsidy Bui
Some of us have been wondering how viable the Voluntary Employee Benefit Arrangements (VEBAs) set up by the United Auto Workers for its auto industry employees really are. This is of particular concern at the VEBAs tied in to General Motors and Chrysler. What happens to the employer stock these VEBAs own will heavily influence whether they have the money to pay promised benefits. The answer to…
WaPo Looking for Good Economic News in... the Underwear Drawer
It's a cute theory and maybe it deserves brief (pardon the pun) coverage in some other section of the paper, but the front page of the Monday Washington Post?Readers of the August 31 edition were greeted by a 17-paragraph below-the-fold front page story by business writer Ylan Q. Mui about "What Underwear Says About the Economy."Mui explains:
Boston Globe: Now That Ted's Out of the Way, Hurry Up With That Cape C
On the very day Ted Kennedy was buried at Arlington National Cemetery near his two brothers, a Boston Globe editorial argued to undo part of his legacy. The pertinent portion of Mr. Kennedy's legacy has to do with his strident opposition, despite a career of enthusiastically imposing environmental initiatives and costs on others, to the building of a wind farm on Cape Cod (the graphic at top…
NBC's Curry Pushes McCain: Will 'Catalyst' of Kennedy Death Cause You
NBC's Ann Curry, on Thursday's "Today" show, asked Senator John McCain if "the death of Senator Kennedy" would "be the catalyst" to pass health care reform, but when the Arizona senator responded that it may change the partisan way in which the Democrats have had "no real negotiations" with the GOP to get it passed, Curry demanded that McCain and the Republicans should be the ones to relent as…
Cash For Clunkers A 'Success' At Exposing Continued Decay at Bailed-Ou
Julia Seymour, Kyle Drennen, and several others at NewsBusters have done a great job (here and here, here, and here, just for starters) exposing the establishment media's rush to characterize the government's Car Allowance Rebate System (CARS) program, commonly known as "Cash for Clunkers" program, a success. This media meme has persisted despite processing snafus, slow payments to dealers,…
CNN Reports Car Price Spike Coming Due to 'Success' of Clunkers
What is it about consequences that the liberal media and government simply cannot grasp? CNN "Newsroom" admitted Aug. 27 that new car prices are "expected" to go up as a result of the government Cash for Clunkers giveaway. Heidi Collins told viewers, "The success of the Cash for Clunkers program may be pushing new car prices higher. Dealerships are expected to have lower inventory over the…
Rush, Beck Warn Obama Administration Trying to Bring Country to Its Kn
They warned back in 2008 what might happen if Barack Obama was elected president, and according to conservative talk show host Rush Limbaugh and Fox News Channel host Glenn Beck, a lot of bad stuff is unfolding right before our eyes. Limbaugh appeared on Beck's Aug. 26 program to discuss the threat of the federal government attempting to regulate the media. He explained the president's policy…
Matthews: Obama Not Getting Enough Love for Economic 'Comeback
Try to keep a straight face when you hear this: President Barack Obama isn't getting enough media love. That's the world view of MSNBC "Hardball" host Chris Matthews - at least when it comes to the economy. According to Matthews, there has been a plethora of positive economic news - from a stock market that has shrugged off the threat of bad liberal policy, i.e. cap-and-trade or ObamaCare, to…
CNN'S Romans: 'Everyone Is Getting This Big Tax Break
On CNN's American Morning today, business correspondent Christine Romans explained to anchor Kiran Chetry why there are new estimates showing the Federal deficit to be much worse than originally projected by the Obama administration:ROMANS: Why? OK, this is really -- it's a complicated problem with a very simple analysis. It's how much money the government is taking in and how much money is…
CBS: Obama Merchandise ‘Selling Like Crazy’ On Martha’s Vineyard
Reporting on the First Family vacationing on Martha’s Vineyard, CBS reporter Chip Reid excitedly exclaimed: "One thing that’s going to give a huge boost to the economy is all the Obama paraphernalia...t-shirts, it’s baseball caps and magnets and coffee mugs and glasses. And restaurants are selling the ‘Baracko Taco.’ Bars are selling ‘Ale to the Chief.’ And all of it is selling like crazy."…
CBS Claims ‘Hollywood Ending’ for Failed Cash for Clunkers Program
On Thursday’s CBS Evening News, correspondent Ben Tracy reported on the ending of the problem-ridden Cash for Clunkers car buying program, but spun it this way: "Thanks to Cash for Clunkers, what could have been a dismal summer for car sales now has a Hollywood ending....But now, the wildly successful program that provided up to $4500 per clunker is being scrapped."Tracy visited a Los Angeles…
CBS’s Rodriguez: Dick Morris Anti-Obama Book ‘Alarmist,’ ‘Scre
On Friday’s CBS Early Show, co-host Maggie Rodriguez interviewed commentator Dick Morris about his latest book critical of the Obama administration, Catastrophe. After reading the book’s full title, Rodriguez observed: "This title, though, Mr. Morris, can’t you see a lot of people dismissing it right off the bat as alarmist? It screams at you."In response, Morris pointed out the dire state of the…
