AP Brands GOP Opposition as Built on 'Buzz Words
The Associated Press posted an "analysis" piece by writer Tom Raum on June 15 to address the GOP strategy against Obamacare and other administration policies but the APs characterization of the GOPs efforts almost seem meant to belittle and de-legitimize that opposition as opposed to describing it. The entire GOP argument against Obama is boiled down to a use of "buzz words" as far as AP's Raum…
More Attempted Government-Sponsored Auto Bailout Plunder; But This Tim
First the federal government's auto bailout bullies came for Chrysler's secured, first-lien creditors, and defeated them.Then they came for General Motors' unsecured bondholders. The feds appear to be in the drivers' seat in shafting them disproportionately to force a better deal for the United Auto Workers' healthcare trust.Now, in a matter that at first only seemed to interest the Wall Street…
Cramer, Burnett: Iran Election Results Expected; Turmoil behind Ballot
Usually when there's turmoil in the Middle East, you'll see a spike in the price of oil, but not this time. On June 15, the first day of trading since the public backlash in Iran began from what many are calling a fraudulent election, the price of oil has actually declined - after a rally over the past few weeks. But as CNBC's Jim Cramer pointed out on his June 15 "Stop Trading" segment on "…
Yawn: Michael Moore Takes up Tired Task of Bashing Wall Street
Here we go again. Controversial filmmaker Michael Moore is going offer his solution to societal ills through one of his documentaries. If Moore's past movies are any indication of the coverage he will get, it is sure to be a media hit. Already, Huffington Post blogger and MSNBC daytime anchor Carlos Watson is praising praised Moore's early promotion of the flick. "Michael Moore, the filmmaker,…
CBS: Immigration Raid Left Iowa Town’s Economy ‘In Tatters
On Saturday, CBS’s Anthony Mason blamed tough economic times in a small Iowa town on immigration enforcement: "...the small town of Postville, Iowa, is still struggling to recover from an immigration raid last year that left its economy in tatters."Reporting for Saturday’s Evening News, correspondent Seth Doane followed Mason’s introduction by similarly arguing: "...last May when Agriprocessors,…
UK Paper Exposes US Proposal For Mass Bulldozing Urban Neighborhoods
Leave it to the British press to once again do the job of real reporting that U.S. journalists apparently won't do.This time, it's Tom Leonard at the UK Telegraph. From Flint, Michigan, he tells us of a "pioneering scheme" that involves tearing down entire neighborhoods and simply abandoning them -- oops, I'm sorry, I meant to say, "returning them to nature."This is apparently what passes for…
Trib Reruns 1934 Cartoon Critical of New Deal: 'Planned Economy or Pla
A fabulous 1934 Chicago Tribune cartoon that has recently been making the rounds in the blogosphere as an example of history sadly repeating itself was marvelously rerun at the paper's website on June 10.In it, members of Franklin Delano Roosevelt's administration are seen shoveling money out of a wagon with a billboard on the side declaring, "Depleting the resources of the soundest government in…
AP Reporters Conned by Pew 'Green Jobs' Report (See Updates
Sometimes the numbers in a wire service report are so ridiculous, you just know that they're bogus. On Wednesday, June 11, a duo of Associated Press reporters, Chris Kahn and Sandy Shore, with an assist from Tali Arbel, reported on a study "green jobs" study released by the Pew Charitable Trusts. In "The Clean Energy Economy: Repowering Jobs, Businesses, and Investments Across America," Pew made…
An Instructive Episode at What Remains of the Boston Globe
Some of us have speculated that many newsrooms in America are so hell-bent on maintaining their supposedly hallowed positions -- and that by their way of "thinking" they are exempt from the normal laws of economics -- that they will have be dragged kicking and screaming from their keyboards when the repo men come around to turn out the lights. This week's events at the Boston Globe give validity…
AP's Crutsinger Blows the May Deficit Reporting, Part 2: Misstating th
It's pretty hard to dress up a disaster as something less than that, but the Associated Press's Martin Crutsinger gave it his best shot in his report yesterdayabout Uncle Sam's the May Monthly Treasury Statement, in effect understating the amount and significance of federal government's rapidly deteriorating financial situation.With the help of dubious handling of last year's stimulus payments in…
AP's Crutsinger Blows the May Deficit Reporting, Part 1: The Real May
It's pretty hard to dress up a disaster as something less than that, but the Associated Press's Martin Crutsinger gave it his best shot in his report yesterday about Uncle Sam's the May Monthly Treasury Statement, in effect understating the amount and significance of federal government's rapidly deteriorating financial situation.With the help of dubious handling of last year's stimulus payments…
Frankly Rude: Barney Cuts Haines Interview Short
It's a conversation, Barney, not a soliloquy . . . Discussing the regulation of executive pay with CNBC's Mark Haines today, the testy liberal Dem from Massachusetts was affronted when Haines tried to get in a word edgewise.Before long, Barney announced that the interview was over, and ripped off his earpiece. Unruffled, Haines got off a good last line: "Fine, goodbye sir. We'll manage without…
New GM Chair: 'I Don't Know Anything About Cars'; He's Just the Latest
You can't make this stuff up. The titled quote comes from a Bloomberg story today about new GM Chairman Ed Whitacre. You also can't make up most of the media's calm acceptance of yet another person heavily involved with running General Motors, aka Government Motors, who knows next to nothing about cars except as a consumer who drives them.
At least it's refreshing that this guy has…
Broadcast Nets Panic over Second-Guessing of Obama Administration's Ch
If you stand in the way of President Barack Obama's agenda, beware because there may be a litany of consequences that could result from your act - regardless if the obstacle is legitimate or not. On June 8, Supreme Court Justice Ruth Bader Ginsburg issued a stay to review an appeal by a trio of Indiana pension and construction funds that own a part of Chrysler's secured debt. They claimed the…
