The genius of Rush Limbaugh is his ability to distill wisdom into kernels that make sense to millions of Americans. He gave good examples of that talent in the course of his appearance on today's "Morning Joe."

Rush began by praising CNBC's Erin Burnett, a frequent "Morning Joe" contributor.

View video here.



It was only a matter of time before someone on CNBC took a shot at Fox Business Network and it came from CNBC’s resident loose cannon, “Mad Money” host Jim Cramer. (Video of the incident is available here.)

“I had the choice of watching a rival business channel or getting a root canal,” Cramer said on CNBC’s October 15 “Street Signs” “And I chose the root canal.”



Hillary could have saved CNBC “Street Signs” viewers about 10 minutes of their lives by just saying “Trust me,” when CNBC Washington correspondent John Harwood pressed her on economic issues.

Clintonappeared on the October 11 show with Harwood and “Street Signs” anchor Erin Burnett.



Update with video posted below fold.

File this one under the rubric "Unintentionally Revealing Moments of MSM Bias." ABC publishes an article about media watchdog groups and singles out two for mention: NewsBusters and Media Matters. But the article goes on to cite the work of and publish comments by a representative of only one of those groups. Which one do you think it was?

Yesterday, ABC posted an article by its Samantha Wenders entitled The Camera Is Always Watching: The Internet Has Helped Citizens Play 'Gotcha' With the Press; Is That a Good Thing?"

Wrote Wenders: "Media watchdog groups like the conservative Newsbusters and the liberal Media Matters regularly post examples of what they see as bias in the media."



As the stock market went up and down over the past few weeks, media coverage also bounced from end-of-the-world rhetoric to rational analysis.

CNBC’s Jim Cramer went on an impassioned rant August 6 calling for the Fed to reduce interest rates.

“Bernanke needs to open the discount window. That is how bad things are out there … in the fixed income markets we have Armageddon,” said Cramer on “Stop Trading!” Following Cramers’ rant, NBC brought him on “Today” to analyze the economy August 10.

NBC’s Meredith Vieira asked “Are the markets about to crash?” on the August 10 “Today” show.

Contrast that with CNN's Ali Velshi on August 13:



The ABC, CBS and NBC evening newscasts on Friday all devoted full stories to the fall in the stock market, touted as “the worst two-day point drop for the Dow in five years,” but barely had time for a sentence about the 3.4 percent second quarter jump in the GDP, the biggest in over a year. In fact, neither ABC nor NBC cited the specific 3.4 percent rise in the Gross Domestic Product, the measure which the AP on Friday described as the “best barometer of the country's economic fitness.” Not one of the three evening newscasts mentioned how the Dow is still well above the 13,000 level it broke through in April and none noted fresh good news on inflation.

ABC was the most negative. “Stock slide,” World News anchor Charles Gibson teased, “Wall Street finishes the worst week of the year down nearly 600 points.” Gibson soon highlighted that news, as he only alluded to the good GDP number, when he reported “the worst week for the Dow in five years. Even positive news on economic growth wasn't enough to keep investors from selling. Among other things, they had to contend with a battered housing market.” Reporter Betsy Stark agreed as she too only made a passing reference to the GDP: “It sure is, Charlie. In fact, buried inside that positive report on Gross Domestic Product today was more evidence of what economists now describe as an outright recession in the housing sector.” ABC didn't even put the GDP number on screen as Stark devoted her entire story to the impact of the declining housing market before concluding that “it increases the odds of a downturn in the overall economy since housing now accounts for roughly one in ten American jobs.”