Economy

Perhaps this post could be headlined "CNBC Continues to Atone for Its Outspoken Obama Criticism." As if announcing Democratic National Committee chairman and former Vermont Gov. Howard Dean as a "CNBC contributor" weren't enough, CNBC has invited the editor in chief of one of the its biggest critics to guest co-host one of CNBC's most popular shows. Originally reported in a status update from…

I said earlier this year (at NewsBusters; at BizzyBlog) that there was reason to believe that 2009 might be the year of the newspaper bailout. Now one of Maryland's two Democratic US senators thinks he has come up with a way to subsidize and save them -- while simultaneously turning them into house organs for his party. Ben Cardin (picture at right is from his Senate web site) has introduced "The…

It had been one of the many points of contention against CNBC by the left-wing attack machine - that "The Kudlow Report" host Larry Kudlow was using his show as a platform to make a run at the U.S. Senate in 2010 against Democratic Sen. Chris Dodd. Well, they're going to have to find another way to try to marginalize Kudlow, as they have with other CNBC personalities. Kudlow announced on his…

Just under 90 minutes before President Barack Obama's Tuesday night news conference, ABC's World News set out to support his contention that his policies have already led to economic improvement. Picking up on how Obama planned to announce at the start of the session that thanks to his economic policies “we are beginning to see signs of progress,” anchor Charles Gibson asked: “Well, is the…

Could this be another case of a chastened CNBC succumbing to criticism from the left to improve its image? Just a day after CNBC named former Democratic National Committee chairman Howard Dean a CNBC contributor, an uncharacteristically soft-spoken CNBC "Mad Money" host Jim Cramer, appeared on NBC's March 24 "Today" along with CNBC "Squawk on the Street" co-host and "Street Signs" host Erin…

On Tuesday’s CBS Early Show co-host Harry Smith talked to White House Press Secretary Robert Gibbs about Monday’s stock market rally and wondered: "What was the reaction at the White House yesterday when the stock market closed?...There's been a lot of heat, though, aimed at the White House, aimed at the Treasury Secretary. Was there some degree of vindication?" Gibbs claimed that the…

The L.A. Times took upon itself a difficult task. The chore: to make it seem like Obama is in control of Congress at the same time that Speaker of the House Nancy Pelosi is still a powerhouse there. The truth of the matter is that Barack Obama has revealed little influence over the Democrat majority in the House of Representatives but the Times wants to make it seem as if Obama is firmly in…

On Monday night, Katie Couric teased the CBS Evening News by trumpeting how “the stock market soars as the Treasury rolls out a new plan to rescue America's banks,” and then leading: “The Treasury put out the details today of a plan to rescue America's banks and Wall Street responded with two thumbs up and a triple-digit rally.” Six weeks ago, however, when the Dow plunged 382 points in reaction…

It's the latest ailment of the left - CNBC derangement syndrome. Since CNBC's Rick Santelli and Jim Cramer took an outspoken stance on the shortcomings of the Obama administration, left-wing storefronts have been popping up all over the place wanting to capitalize on the network after it took a vicious attack from Comedy Central "The Daily Show" host Jon Stewart. After CNBC "Squawk on the…

On Saturday's "Good Morning America," co-anchor Bill Weir and reporter Gigi Stone actually took a look at whether or not it's a good idea to tax CEO bonuses and what effect it could have on Wall Street. While much of the mainstream media have been playing off populist anger over bonuses, Weir teased the segment by wondering, "With tempers flaring over executive payouts, Congress considers cutting…

On Saturday, March 28, "World Wildlife Fund is asking individuals, businesses, governments and organizations around the world to turn off their lights for one hour – Earth Hour – to make a global statement of concern about climate change and to demonstrate commitment to finding solutions." Of course, the UN has endorsed it. Scroll through the list of supporters and you'll find among them many of…

Anyone who has followed the decline of General Motors and Chrysler since the two companies received a combined $17-plus billion in bailout money in December won't be surprised at the news that they need more -- or at the government's convenient weekend timing of the news. The financial cliff on which Chrysler stands was a given by the time its first bailout installment arrived. But, as shown in…

When Jon Stewart eviscerated Jim Cramer for not doing a better job of warning Americans about the looming financial crisis, the "Mad Money" host should have brought videos and transcripts of some of his highly-publicized rants in order to thoroughly disprove the comedian's premise.In fact, as former investigative reporter turned actor and producer Dan Gifford revealed at Big Hollywood Sunday,…