CNBC's Quick Rips ObamaCare: 'At Some Point You Need to Take Responsib
Is President Barack Obama really instituting "cradle-to-grave" social policies and transforming the United States into a nanny state? Well, it may not be "womb-to-tomb" yet, but he's certainly creating a welfare state for Americans beyond their mid-20s. On CNBC's April 12 "Squawk Box," the network's Washington correspondent John Harwood was outlining what he perceived to be the more positive…
Current High Unemployment Rate to Remain Same 'Years From Now' Says Sa
A little over a year ago, President Obama signed into law the $787-billion stimulus legislation that was supposed to prevent the unemployment rate from exceeding 8 percent. And although the unemployment has receded some from its high, it's still well North of 9 percent. So if that stimulus is given more time, will unemployment improve? Last week's jobless claims numbers, showing a stagnant…
Prelude to a Media Victory Lap: Santelli Warns Not to Buy Hype of Upco
With March unemployment data to be released April 2, some are anticipating what potentially lower jobless numbers will all mean for the financial markets and the economy as a whole. However, that data will come with the caveat that it will be misleading because it will include temporary jobs driven by hiring for the 2010 census. On CNBC's March 29 "Squawk Box," CME floor reporter Rick Santelli…
Study in Bias: Two Takes on Financial Regs -- Journal vs. NY Times as
It's a topic that would probably make the average individual's eyes glaze over, but will have a profound impact on the economy - for better or worse. The topic - financial regulation reform. With Senate Banking Chairman Sen. Chris Dodd, D-Conn., setting his proposal out for the public, the take away on the reporting from two of the country's major newspapers - The New York Times and Wall…
CNBC Notes Tough Questioning from Michigan Legislators on Toyota; Even
Toyota is facing harsh scrutiny from the media and lawmakers - perhaps with justification. But there could be consequences for the U.S. economy. And as Toyota (NYSE:TM) executives have endured two days of congressional hearings on the issues surrounding their potentially widespread defective products, the most aggressive questioners have been lawmakers from Michigan, home of the Big 3 automakers…
Armey: Dems Should Realize People Are Getting Info From Some Place Oth
Dick Armey on Wednesday took a shot at MSNBC calling the cable television network a soft news source that panders to the Left.The former House Majority leader was a guest host on this morning's "Squawk Box," and during an interview with Rep. Paul Ryan (R-Wis.) about a number of issues before Congress including healthcare reform, Armey took the opportunity to make a media bias comment.Speaking…
CNBC's Santelli Reacts to NYTimes Label of Tea Party 'Heroes and Inspi
It's curious to see people in the mainstream media try to make sense of the Tea Party movement. The New York Times, which once called the Tea Parties a psychological phenomenon rather than a political movement, has now changed its tune. In the wake of the stunning upset by Scott Brown in the Jan. 19 Massachusetts special election to fill the seat vacated by Ted Kennedy's death, the Times is…
Ted Turner Advises CNN Not to Follow Fox News Opinion Model
Since Lou Dobbs left CNN in November, citing a mutual agreement between he and CNN President Jonathan Klein that involved CNN going in a different direction, CNN's ratings have plummeted. But Ted Turner, founder of the first truly 24-hour cable news channel, doesn't see anything wrong with the channel's heading. CNBC's Joe Kernen asked Turner if he had any problems with CNN's direction during…
Santelli Condemns Networks for Ignoring Removal of 'Pig Slop' Cap on F
While much of the national media was focused on a Christmas Eve Senate vote to pass health care reform legislation, the Obama administration's Treasury Department was tending to other business that will have serious implications for the U.S. economy. But did anyone notice? As Zachary Goldfarb reported for The Washington Post on Christmas Day, the Obama Treasury said it would lift the limits on…
Joe Kernen Bashes NYT's David Brooks, Defends Limbaugh
CNBC's Joe Kernen on Friday took New York Times columnist David Brooks to task for statements made in his recent column.As my colleague P.J. Gladnick previously reported, Brooks accused conservative talk radio hosts Rush Limbaugh, Glenn Beck, and Sean Hannity of hurting the Republican Party:The Republican Party is unpopular because it’s more interested in pleasing Rush’s ghosts than actual people…
CNBC's Santelli Rips Media for Ignoring 9/12 DC March
Not everyone at the NBC Universal umbrella of networks got the gag order memo about the Sept. 12 march on Washington, D.C. Rick Santelli, who has been a target of the Obama White House and is credited with being the inspiration for the 2009 tea party movement, spoke out about how the media ignored the march. But, a year after the fall of Lehman Brothers, he was making the larger point that the…
USB's Cashin: Market Conditions 'Reminiscent' of Lead Up to 1987 Crash
The Dow Jones Industrial Average (DJIA) has climbed nearly 45 percent since hitting a March 9 low. The S&P 500 (S&P) is up nearly 53 percent. And the NASDAQ (NASDAQ) has soared a whopping 61 percent since the March bottom. But that rally has some analysts shaking their heads. Art Cashin, a CNBC regular who also makes frequent appearances on CBS and NBC news programs to offer insight on…
CNBC Guest Host Explains How TARP is Driving Up Oil Prices
Chalk another one up to the law of unintended consequences. Last fall, the media promoted the $700-billion TARP bailout. During the weeks and months leading up to that bailout, they were also on board with cracking down on oil speculators for driving up the price of oil. But now it seems the TARP program is contributing to oil speculation. On Aug. 3, Richard Bernstein, CEO of Richard Bernstein…
CNBC Allows Santelli to React to Tea Parties: 'I'm Pretty Proud of Thi
While Fox News has celebrated the Taxpayer Tea Party rallies and MSNBC has denigrated them, the impetus of the movement - CNBC and specifically Rick Santelli, its inspiration - had been conspicuously quiet about it. But on CNBC's "Squawk Box" April 15, co-host Joe Kernen asked Santelli what he thought of being a "cultural phenomenon." That was the same show Santelli famously called out President…
