Former Obama Economic Adviser on Downgrade: We're 'Pretty Darn F--ked
Christina Romer, the former chair of Obama's Council of Economic Advisers on Friday offered a rather strong opinion concerning the announcement by Standard & Poor's that the credit rating agency downgraded America's debt to AA+.
Appearing on HBO's "Real Time," Romer said we're "pretty darn f--ked" (video follows with transcript and commentary):
Sen. Kerry Asks Media to Stop Giving 'Equal Time or Equal Balance' to
Last week, New York Times columnist Paul Krugman said conservative views about the debt ceiling should be censored from news reports.
On Friday's "Morning Joe," Senator John Kerry (D-Mass.) took this a step further calling on media to stop giving "equal time or equal balance" to Tea Party ideas that people like him consider "absurd" and "not factual" (video follows with transcript and…
CNBC's Ron Insana: 'We Need More Stimulus
CNBC's Ron Insana asserted on today's "Andrea Mitchell Reports" that the United States does not have a debt problem. "We need more stimulus. We have a growth crisis in this country, not a deficit crisis," argued Insana. He also insisted that Europe, which also has debt problems, should not pursue austerity measures. "I think people might be looking at Europe and saying listen, they need…
Bashir Brings on Addiction Expert to Analyze Tea Party: 'Delusion and
The media attacks on the Tea Party are becoming truly deplorable.
On Wednesday, MSNBC's Martin Bashir actually brought on an addiction specialist to analyze the nation's most powerful conservative movement, and his opinions were nothing less than vile (video follows with transcript and commentary):
Scarborough Rails Against House Republicans That Opposed Debt Ceiling
Joe Scarborough on Wednesday railed about House Republicans that opposed Monday's debt ceiling agreement.
Although he agreed the final package "when it comes to actual debt savings [was] a real nothing-burger," the host of MSNBC's "Morning Joe" said GOPers that voted "No" are "going to have to understand if they’re going to stay in the majority they’re going to have act more responsibly than…
Krugman: 'Those Demanding Spending Cuts Now Are Like Medieval Doctors
New York Times columnist Paul Krugman is not happy with the deal Congress and the President apparently have agreed upon to end the debt ceiling impasse.
In his Monday piece, the Nobel laureate wrote, "[T]hose demanding spending cuts now are like medieval doctors who treated the sick by bleeding them":
Ben Stein Slams Tax Cuts, Tea Partiers, Bush, and Obama as ‘Careless
During a commentary aired on CBS Sunday Morning, supposedly right-leaning actor and economist Ben Stein blamed the "folly of supply side economics" - singling out President George W. Bush’s tax cuts in addition to President Obama’s spending - for the current federal budget deficit. The CBS contributor also complained that some Republicans have an "inflexible belief" that "low taxes were an…
Fox 19 Cincinnati's Sherrod Brown Interview Typifies Weak Media Covera
Saturday night in Cincinnati, Fox 19's Kimberly Holmes Wiggins interviewed Ohio Democratic Senator Sherrod Brown from Washington about the state of the debt-ceiling debate. A full transcript follows.
Contained therein readers will see the untruthful establishment press memes which have dominated their coverage, and all too typical disgraceful and predictable demagoguery by Brown. Similar…
AP's Hurst Implies Default Would Happen on Aug. 2 Without Debt-Ceiling
In his roughly 10 a.m. report this morning (HT to an NB emailer), the Associated Press's Steven R. Hurst opened by saying that "The top Republican in the Senate said Congress and the White House were very close to a deal on raising the limit on U.S. borrowing that would avert an unprecedented default on America's debt, ending one of the nastiest partisan fights in recent memory."
In his…
Charles Krauthammer Scolds Margaret Carlson for Saying Tea Party 'Stra
Bloomberg's Margaret Carlson on Friday accused the Tea Party of wanting "to burn the place down" and having figuratively "strapped explosives to the Capitol" during debt ceiling negotiations.
Sitting beside her on PBS's "Inside Washington" was Charles Krauthammer who smartly replied, "I thought post-Tucson we weren’t supposed to accuse our political opponents of being terrorists" (video…
Fareed Zakaria Flat Out Lies About Deficits, Debt Ceiling and U.S. Cre
In a "Fareed Zakaria GPS" segment to be aired on CNN Sunday and posted at the network's website Thursday, the host flat out lies about the current debt ceiling debate as well as when and why credit rating agencies began expressing concern about our nation's finances.
"Please understand that none of these things are happening because the United States is running deficits," Zakaria falsely…
Scarborough Rips Krugman: 'Blind Ideologue' Only Bloggers 'Still Livin
MSNBC's Joe Scarborough on Friday took some well-deserved shots at New York Times columnist Paul Krugman.
After "Morning Joe's" Mika Brzezinski read bits of Krugman's most recent rant against "Republican extremism," her co-host responded, "If you’re a blogger, and you’re still living in your mom’s basement, and you got Cheetos all over the keyboard, you type in your underwear...you look at…
CBS's Schieffer Wrongly Claims Social Security Checks Can't Go Out Wit
On three occasions between July 22 and July 26, 2011, CBS's Bob Schieffer carried water for President Obama when he echoed the Democrat's inaccurate claim about Social Security: "Millions of Americans...may not get their next [Social Security] check if the debt ceiling crisis is not resolved." In reality, there is enough federal revenues and authorized expenditures to pay for the program [audio…
CNN Incorrectly Hypes Seniors' Fears of Social Security Default
Even Socialist Sen. Bernie Sanders (I-Vt.) believes the government can still pay out social security checks if the debt ceiling is not raised, but CNN highlighted disgruntled seniors Thursday who fear the opposite. CNN correspondent Sandra Endo reported live from a senior center and emphasized that the citizens were "scared," "worried," and "angry" about possibly not receiving their Social…