On Jan. 20, Bloomberg reported that Buffett opposed Obama's proposal to tax a number of large banks supposedly to pay for losses from the bank bailout.
"I don't see any reason why they should be paying a special tax," said Buffett, the chairman and chief executive officer of Berkshire Hathaway Inc., in an interview on Bloomberg Television.
This prompted "Fox & Friends" host Brian Kilmeade to ask Fox Business anchor Stuart Varney, "The President might have lost Warren Buffett as an ally ... how do you explain this?"
"I can hardly believe that the Washington Post would publish an editorial asking for a taxpayer bailout of newspapers," said host Stuart Varney. "Tell me I should not be shocked."
Varney, said Gainor, shouldn't be surprised, since the editorial was "pegged to a report that came out by former editor Len Downey calling for exactly that same thing." Gainor explained that industry insiders and liberals, along with some on Capitol Hill are either desperate to save journalism jobs or salivating at the prospect of exercising greater control over the media. "You've got both houses of Congress, the Federal Trade Commission and the FCC all looking at the future of journalism and all trying to get their hooks into it."
Author of BMI's latest study, "Networks Flip-Flop on Jobs," Seymour explained her findings:
We looked specifically at seven months of coverage in 1982 and again in 2009 that had very similar periods of unemployment where it was going up between 8 - between 8 and the high 9 percent range. And what we found was that the network reporting on ABC, NBC and CBS was overwhelmingly negative to Reagan but positive toward Obama. They were actually 13 times more negative to President Reagan than they were to Obama.
Dan Gainor, the Vice-President of Business and Culture for the MRC, appeared on the September 8 edition of Fox Business Live to discuss the media's failure to report on President Obama's green jobs czar Van Jones, who resigned late Saturday night.
Gainor stated that the mainstream media "absolutely ignored" the Jones stories. He detailed:
Yes, I think in - in many cases they are. If you look at last night's evening news coverage of this health care reform bill, or as you, you called it, uh, wealth reform bill, two networks out of three ignored the plight of small businesses altogether. Only CBS' Chip Reid did a story talking about the impact of sma- on small business of this bill.
Fox News's Stuart Varney had a heated debate Wednesday with Air America's Mike Papantonio about the state of the economy and the effectiveness of the $787 billion stimulus package.
Subbing for Neil Cavuto on Wednesday's "Your World," Varney tried repeatedly to get his liberal guest to admit that porkulus hasn't worked and that the economy is getting worse.
Papantonio wasn't having any of that hypocritically and amnesiacly claiming, "We have to get behind this President and be more positive" adding "You cannot be ankle-biting every day this man says something, you can't be attacking" (video embedded below the fold, h/t NBer Dan Scott):
The media were quick to jump on the story of an emergency airplane landing in Manila, Philippines due to a hole in the fuselage of a Qantas flight. And they were quick to sensationalize the story without mentioning Qantas' impressive safety record.
"Well, nobody's saying that we should be covering up a huge hole in the side of an airplane. But it's important for the media to not sensationalize cases like this, which they are already doing," Business & Media Institute Assistant Editor Nathan Burchfiel told Fox Business Network host Stuart Varney on the July 25 "Fox Business."
Burchfiel noted that British tabloids have already speculated that a bomb in the cargo hold may have blown a hole in the fuselage, even though there was no indication that's the case.
"This morning in the American media on ABC, David Muir said that the plane ‘instantly plummeted' 20,000 feet, which is not true," Burchfiel said. "The pilot descended 20,000 feet, rather sharply, but that was his decision, he did it under full control to normalize cabin pressure."