Hitting Obama for 'Whopper' and 'False' Statements on Soc. Sec
NewsBusters is, of course, a site dedicated to exposing liberal bias in the press. But, once in a while the liberal press gets something right and this is one of those cases. On Spetember 20, Newsweek hosted an article by FactCheck.org that exposed the outright lies contained in the claims Barack Obama made against John McCain's record on Social Security in order to scare as many elder citizens…
ABC Highlights 'Shameful Chapter' of CEO Excess; Forgets Government Ro
Private CEOs? Yes. Government-sponsored CEOs? No. In a September 19 "Good Morning America" preview of a report scheduled to appear on the same day's edition of ABC's "20/20," chief investigative reporter Brian Ross took a few jabs at the rich who had fallen. Ross called it "the end of a shameful chapter of American history," and although top executives on Wall Street had been hit hard in…
Happy When America's Hurting, Gloomy When It Wins
Of course we all know that it's absolutely wrong and mean-spirited to suggest that anyone on the left could conceivably be unpatriotic [though an exception might be made for unrepentant terrorist friends of Barack Obama who accept from Vietnamese communists rings made from downed US planes.] So while we won't be using the u-word here, two recent MSNBC shows offer a remarkable contrast. Let's…
Matthews: McCain Sounds Like Herbert Hoover
Chris Matthews spent most of Monday night's "Hardball," laying out a blueprint for how Barack Obama can hit John McCain on the economy, as he compared the GOP presidential nominee to Herbert Hoover.Opening the September 15 show, Matthews greeted viewers with the following teaser:CHRIS MATTHEWS: Why is John McCain talking like Herbert Hoover? Depression or just depressing? Let's play "Hardball…
CNBC Reporters Draw 'Scary' Comparisons Between Lehman, Bear Stearns
In light of their reporting on the failure of investment firm Bear Stearns Companies Inc. (NYSE: BSC), it seems CNBC reporters aren't "tip-toeing around on eggshells" when reporting about problems at Lehman Brothers Holdings Inc. (NYSE: LEH). On CNBC's "Squawk Box," reporter Charlie Gasparino told co-host Joe Kernen, "I will say this about the Bear Stearns thing when you compare that [Lehman]…
Cramer Calls WSJ the ‘Fox Street Journal’; Refers to Democratic Pa
On MSNBC's "Morning Joe" September 8, Jim Cramer took a shot at owner of The Wall Street Journal, Rupert Murdoch, in the midst of talking about the Fannie Mae and Freddie Mac takeover: I read The Wall Street Journal, sorry, The Fox Street Journal. When is Murdoch going to put his positive right wing implant on left wing journalists? ... When is Murdoch going to broom the Spartacus workers…
The Biz Flog Highlighted Export Boom Weeks before GDP Jump
That “Made in America” sticker is looking more attractive.Second-quarter (2Q) Gross Domestic Product (GDP) was revised up from 1.9 percent growth to a higher than anticipated 3.3 percent, according to reports on August 28.Rising exports played a significant role in the expansion. According to the Commerce Department, real exports increased 13.2 percent in the 2Q of 2008, compared with an increase…
Barron's: 'It's Almost as if Obama Wants to Repeat the Mistakes of Her
It seems like a no-brainer: Raising taxes is bad. It's a shame that Barron's is one of the few outlets to pick up on it. An economic plan floated out by Democratic presidential hopeful Sen. Barack Obama, Ill., would raise taxes on incomes above $250,000 - with the highest rate at 39.6 percent - and redistribute the wealth to the poor and middle-class. But that would be a big mistake, according…
'Nightly News' Praises Gas-Guzzling GM Autos for Chinese Success
Maybe it is because NBC has the broadcast rights for the Summer Olympics being held in China, but big gas-guzzling, greenhouse gas-emitting automobiles made by General Motors are seen as a plus for the communist nation's embrace of capitalism. The August 6 "NBC Nightly News" featured the Chinese people's love of troubled U.S. automaker General Motors (NYSE:GM) - an indicator interpreted as an…
CNBC's Burnett Declares Schumer Not to Blame for IndyMac Failure
Don't blame Sen. Charles Schumer, D-N.Y., member of two influential banking committees - the Senate Finance Committee and the Committee on Banking, Housing, and Urban Affairs - for IndyMac's collapse, says CNBC's Erin Burnett. Burnett, host of CNBC "Street Signs," disagreed with a claim by MSNBC "Morning Joe" host Joe Scarborough that a letter to regulators from Schumer caused a run on the…
CBS Approves of $25-Billion 'Lifeline' for Fannie, Freddie
What's another $25 billion between taxpayers? Not much, according to the July 23 "CBS Evening News." The massive housing bailout bill, meant to prop up beleaguered government-sponsored enterprises Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE) and help homeowners refinance adjustable rate mortgages, was praised in a segment on the CBS broadcast. It passed in the House July 23 and won't face…
Gibson Calms Down as ABC Leads with Good Econ News, But CBS
A night after ABC anchor Charles Gibson hit full panic mode by leading with how “markets are gyrating, inflation is rising, banks are closing” and suggesting money is only safe “under the mattress,” on Wednesday night he actually began with how “Wall Street posts its best day in months. Financial stocks rise. The price of oil falls.” But he couldn't be completely upbeat as he proceeded to note…
Dour Gibson: 'Under the Mattress' Only Safe Place for Money
Hitting full panic mode on Tuesday night, ABC anchor Charles Gibson teased World News: “Markets are gyrating, inflation is rising, banks are closing. Consumer pessimism is at an all-time high.” Actually, only one bank. Gibson explained “we are going to devote a large part of our broadcast tonight to the economy because the news each day seems unrelentingly bad.” It certainly is on television news…
Oil Drops Over $6 a Barrel; I Wonder Why
I received this CNNMoney.com e-mail just before 6 PM ET: Hmmm. So they think it's all on Ben's shoulders. The headline at the Associated Press's coverage by Adam Schreck says that the drop was due to "bad economic news." But at least one person quoted earlier today (11:26 a.m., according to the link; HT NixGuy) had a different view, and he said what he said to CNNMoney.com, the same outfit that…
