Katie Couric Gets Some of Her Own Class Warfare Medicine for $14m Sala
Update - 2/4, 11:46 AM | Lachlan Markay: CBS News President Sean McManus has denied that the network will cut Couric's pay. Details below.Katie Couric may be getting a taste of her own populist medicine. When the Dow hit 10,000 last October, she (and other network news personalities) used the opportunity to bemoan massive payments to Wall Street bankers. But now the populist sentiment has turned…
Memo to MSNBC: Media Companies Are Corporations Too
The left is up in arms over the Supreme Court's recent decision in "Citizens United v. the Federal Elections Commission". But few voices have been louder than those emanating from the echo chamber at MSNBC. It seems that the cable network's talking heads feel that their parent company, General Electric, deserves a special exemption to what should be a blanket ban on unrestricted corporate…
NewsBusters Interview: Tim Carney, Author of 'Obamanomics
During the 2008 presidential campaign, Americans were treated to a number of populist sermons on the "special interests" who would oppose "reform" at any cost to maintain the "status quo" from which they "profit financially or politically." The drug companies, the energy companies, the Wall Street bankers, and the health insurers were the corporate enemies of a just and harmonious America, or so…
DCCC Categorizes Pro-Free Market Cato Institute as a 'Right Wing Extre
Last night, after Scott Brown took one of the Massachusetts U.S. Senate seats, there was a call by some in the media and even among some prominent Democrats to modulate by shifting away from the so-called "far left." One might think a start would be to tone down some of the rhetoric, take a step back and consider retooling the strategy, instead of lobbing more bombs. But the Democratic…
Good, Bad, Pathetic: AP's Kuhnhenn Calls 'Bank Fee' a Tax, Labels As
Last week, in his "analysis" of Barack Obama's proposed "bank responsibility fee," the Associated Press's Jim Kuhnhenn got one important thing right and two others very wrong.The part he got right was describing the proposed fee as a "tax." The first thing he got wrong was identifying the proposed move as a legitimate form of "populism." The second is his claim that the idea is "straight out of '…
Worst. 'Recovery.' Ever. Two Fed Charts Old Media Probably Won't Like
The Federal Reserve of Minneapolis has posted a series of charts (HT Ed Morrissey at Hot Air) comparing the current recession -- as defined by the National Bureau of Economic Research, not as normal people define it, a point I'll get to later in this post -- to previous recessions dating back to the end of World War II. The charts definitely show how utterly wrong reporters like the Associated…
AP: Bad Jobs Report Good Thing for Obama, Enabling Him to 'Change Subj
The Associated Press's Tom Raum had to work really, really hard to come up with a sunny way to present today's jobs report and the President's reaction to it, which consisted of awarding $2.3 billion in "New Clean Energy Manufacturing Tax Credits." Here's what he concocted: The weak employment report gave Obama the chance to change the subject from terrorism, where he continues to get hammered…
GM's 2010 Profitability Brag Masks Its Thin Lead in Domestic Unit Sale
Toyota and Ford are on the verge of catching Government/General Motors in monthly U.S. vehicle sales. Based on the sales trends at the three companies, GM may lose its domestic kingpin status in just a few months. I heard the December facts giving rise to the aforementioned tidbit on the radio Monday afternoon, and wondered whether the commentator came up with them on his own or if early wire…
AP Publishes Columnist's Rip At Govt.'s Permanent Break for Home Relie
The Obama administration's Home Affordable Modification Program (known as "HAMP" to lenders and services, and MHA, or "Making Home Affordable" to the general public) is "failing." I only learned this because I looked at the Associated Press's feeds on Christmas evening and saw this headline -- "No consequences for lying borrowers." In an item time-stamped December 25, AP national business…
Sen. Chris Dodd Heckled During Interview
In the midst of a left-slanting report on Sen. Chris Dodd’s (D-CT) triumphant return to his home state, there was a brief moment of sanity provided by (presumably) a Dodd constituent.This can’t be a good omen for Senator Countrywide (hat-tip to FireAndreaMitchell.com):REPORTER: A tired, but triumphant Senator Chris Dodd meets the media just hours after passing health care reform in the Senate,…
Relief Without Limits: Fannie Mae, Freddie Mac Get Blank Checks; NYT P
On Thursday, the Treasury Department issued a press release, called "Update on Status of Support for Housing Programs." Its fourth paragraph reads as follows: At the time the Federal Housing Finance Agency (FHFA) placed Fannie Mae and Freddie Mac into conservatorship in September 2008, Treasury established Preferred Stock Purchase Agreements (PSPAs) to ensure that each firm maintained a positive…
CBS Sees 'Bitter Medicine' in Employer Mandates to Buy Health Insuranc
On Thursday’s CBS Evening News, correspondent John Blackstone gave attention to the danger for small businesses if the final version of health care reform requires employers to provide health insurance for their employees as he highlighted two business owners – one who fears health care reform could close down his night club business while the other is more optimistic about how her business would…
NBC’s Holt Suggests ‘A Lot More Needs to Be Done’ to Curb Global
On Saturday, NBC News host Lester Holt seemed to lament the fact that the climate change conference in Copenhagen did not result in greater regulation of carbon emissions as, on the NBC Nightly News, Holt passed on that "many" called the agreement that was reached "weak and disappointing," and he seemed to accept the premise that more regulations would affect the climate as he relayed that…
Stossel & Mackey Blame Govt for High Health Care Prices, People Die Wa
On Thursday’s Stossel show on Fox Business Network, host John Stossel got to do the kind of show he was not able to do earlier this year when he was at ABC, as he devoted an entire show to the debate over access to health care, and gave attention to the market-based plan utilized by most employees of Whole Foods, which uses health savings accounts and encourages employees to shop around for…
