CBS This Morning journalists on Friday actually credited the booming stock market, touting it breaking 25,000 as a “wow!” moment. Yet, while Congress, tax cuts and mysterious deregulation got praise, Donald Trump’s name was never mentioned. Asked by co-host Norah O’Donnell for the cause, Hobson gushed, “Wow! That is all I can say. It’s quite a start! We broke through lots and lots of records last year. Started this year off strong.”
In a friendly interview with CBS News financial expert Mellody Hobson, President Obama suggested we could have an American genocide akin to what happened in Nazi Germany with Donald Trump as President.
In June, when UK voters decided to leave the European Union in the "Brexit" referendum, the U.S. press told the American people that the UK economy would suffer greatly as a result. Moody's economist and max Hillary Clinton contributor Mark Zandi predicted that it would be "going down the rabbit hole." At CBS News, Mellody Hobson said that "they're acting as if a recession is a foregone conclusion."
It's one thing to predict a disaster that doesn't happen. It's quite another to predict bad news and have things turn out pretty darned well, which is thus far what has occurred. You'd never know it from reading U.S.-based establishment press coverage, but the UK economy, as reported in the UK Times, "ended last year as the strongest of the world’s advanced economies with growth accelerating in the six months after the Brexit vote."
CBS This Morning on Tuesday brought on financial adviser Mellody Hobson to critique Donald Trump’s statements on taxes and his business dealings. Considering that Hobson is a longtime donor to Barack Obama and a supporter of Hillary Clinton, she’s not the most objective source.
After 52 percent of voters in Great Britain cast their ballots in favor of leaving the European Union on June 23, financial commentators around the world, particularly in the U.S., predicted ugly economic tidings for the UK.
People who swallowed the gloom and doom whole must have been especially surprised early Friday morning when Bloomberg News published a piece headlined "Pro-Leave Economists Can Smell Vindication." Keeping hope for bad news alive, the caption underneath the piece's accompanying video reads, "Brexit Effect Missing So Far From U.K. Economic Data." Sorry, guys, it isn't just that bad news is missing. It's that the news out of the UK has been very good — "unexpectedly," of course.
CBS broadcasts discussing the Brexit Leave vote on Sunday and Monday went to economic "experts" whose "analysis" betrayed partisanship and both feigned and real ignorance. On Sunday on Face the Nation, max 2015 Hillary contributor (as usual, not disclosed to viewers) Mark Zandi of Moody's Analytics predicted that that the UK economy "is going down the rabbit hole" as the result of the Leave victory, and that the European union, based on being "bigger," is in better shape to hand the fallout. This defies 40 years of history — both two decades before and two decades after the EU formed a single market in 1993 — during which the British economy has significantly outperformed its continental brethren. Then on Monday's CBS This Morning show, Obama bundler Mellody Hobson absurdly told viewers that the EU is like "the United States of Europe which came into being after World War II."
It is now two days since it became obvious that the claim that "millions of Britons" have signed a House of Commons petition advocating a do-over Brexit vote is bogus.
The petition's buildup to millions of "signatures" was predominantly caused by bot-generating pranksters, and the entire effort proves absolutely nothing about UK citizens' alleged "regrets" over voting to leave the European Union last Thursday. But the press, either reluctant to admit they've been had or to discard a convenient, agenda-driven meme (or both), is allowing its past erroneous reporting on the petition to stand, while refusing to acknowledge more than a sliver of the fraudulent enterprise.
On Wednesday’s CBS This Morning, while co-host Gayle King noted that “a petition against the retail giant Target is gaining a lot of momentum” over the company’s transgender bathroom policy, financial contributor Mellody Hobson dismissed the protest: “You know, it's very hard for these kind of boycotts to work. We haven't seen real success since the civil rights era in the 1960s.”
Here’s something you don’t see every day, a donor for President Obama admitting that America’s corporate tax rate is too high.
Mellody Hobson appeared on CBS This Morning on Thursday, August 7 to discuss pharmacy chain Walgreens’ decision to keep its headquarters in the United States. The CBS News contributor opined that even though she agreed with the company’s decision she acknowledged that in America “it's still the highest tax rate of any developed nation.” [See video below.]
Mellody Hobson, the woman President Obama once described as “one of my earliest supporters” appeared on CBS This Morning on Saturday April 5 to glorify the March jobs report which showed that the economy created just 192,000 jobs.
Co-host Anthony Mason described Hobson as a “CBS News contributor and analyst” before the Obama donor declared “The good news to me, it wasn't a disaster. It wasn't a huge fall-off. We've seen a steady uptick since December. And the other thing to keep in mind, the numbers have been revised up seven months in a row. So the February numbers were just revised up 20,000 jobs so we might still see that still happen next month.” [See video below.]
CBS analyst Mellody Hobson, whose husband George Lucas is worth $7.3 billion, appeared on This Morning to slam excessive salaries for corporate bosses. Discussing income inequality and Barack Obama's planned discussion at the State of the Union, Hobson lashed out, "If you look today, the typical CEO makes 354 times more than the typical worker in his or her company, mostly his because there are so few women running companies." [See video below. MP3 audio here.] (How much more does the male Lucas make than the average worker?)
She continued, "If you look back to 1980, that difference was just 42 times. So it's been that kind of income inequality that has started a lot of backlash and chatter..." Co-host Norah O'Donnell introduced the segment by highlighting a hyperbolic letter to the Wall Street Journal by CEO Tom Perkins comparing the treatment of the wealthy to Jews during the Holocaust. O'Donnell promoted, "[President Obama] calls [income inequality] one of the defining challenges of our time. How do you think that will be received by people in the business community?"
CBS This Morning was the sole Big Three morning newscast on Thursday to report that delivery company UPS was cutting health insurance to 15,000 spouses of employees due to the rising costs related to ObamaCare. ABC's Good Morning America and NBC's Today both failed to cover this latest development concerning the controversial law. [audio available here; video below the jump]
The CBS program devoted a news brief and a two-and-a-half minute segment to UPS being "one of the first major companies to directly blame ObamaCare for changes in coverage." When host Gayle King wondered if the company's move was "a bad thing to do", analyst Mellody Hobson actually replied that "it's actually not, because, at the end of the day, the spouse will be covered."