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Fresh off his Tea Party cover story in the June 24 Weekly Standard, CNBC's Rick Santelli foresees what could be classified as an economic black hole for the United States of America.On the network's June 24 broadcast of "Strategy Session," the CME Group reporter explained how the country could be headed down the same path and face the economic calamity the Japanese faced in what is known as the…

Network CME Group floor reporter explains Keynesian tactics could lead to potential Greek austerity situation, but U.S. position with a reserve currency complicates problems.

One of the more annoying tics in the current bubble of national media coverage of Gen. Stanley McChrystal's truly bizarre granting of access to Rolling Stone magazine was the utter lack of any description of the magazine -- neither its ideology (hard-left) or its central focus (rock and pop music). Washington Post media reporter Howard Kurtz provided a little depth with an article on Thursday,…

On the June 24 "American Morning," CNN's Carol Costello trumpeted a "revitalized" environmental movement that is hoping the Gulf oil spill will "change the way we feel about oil" and is aggressively lobbying Congress to pass radical climate change legislation.Previewing the "Gut Check" segment, Costello gleefully teased, "Coming up next, environmentalists are revitalized and it's over the Gulf…

Comedian Jon Stewart Wednesday pointed out an inconvenient truth about this week's General Stanley McChrystal incident: the media "kind of suck" for getting scooped by Rolling Stone magazine.As "The Daily Show" host addressed the day's events involving the General and President Obama, he showed clips of various press members expressing disgust that Rolling Stone would get such access to…

On Wednesday's Today show, NBC's Chuck Todd touted President Obama's "swiftness" in dealing with the controversy surrounding General Stanley McChrystal comments in Rolling Stone magazine as a "commander-in-chief moment," and hinted that it was a blessing in disguise, given the executive's tanking approval ratings.Todd led the 7 am Eastern hour with his report on the President appointing General…

The Associated Press is still failing to tag the currently imprisoned former Detroit Mayor and former beneficiary of President Barack Obama's high praise Kwame Kilpatrick as a Democrat. I know, same-old, same-old. And Generalissimo Francisco Franco is still dead. But there's more to this particular chapter in this ongoing "Name That Party" narrative. The wire service kept its near-perfect…

Don't be surprised if you open up the June 24 USA Today and find pom poms in the ‘Money' section. Reporters-turned-cheerleaders Paul Wiseman, Jayne O'Donnell and Christine Dugas wrote a glowing 38-paragraph story about the proposed Bureau of Consumer Financial Protection (BCFP). The story even included a section called "keys to a new agency's success" with quotes from "experts" at a wide…

As Interior Secretary Ken Salazar prepares a new moratorium on offshore oil drilling after the last one was shot down by a federal judge Wednesday, lost on the media seems to be Salazar's dishonesty in promoting the policy thus far. Very few have reported that he misrepresented the position of a team of experts designed to look into the costs and benefits of the moratorium.In reality, the seven-…

It's already been documented that the media have, at least initially, ignored the allegation that global warming alarmist-in-chief and former Vice President Al Gore faced a sexual assault charge in 2006. But why? Although not know for its enlightening commentary, ABC's June 24 broadcast of "The View" offered an answer for that question. Subbing as a moderator for the show's panel was MSNBC "…

A new study found significantly more people trust tech giants Apple, Google, and Microsoft than they do traditional media.Adding insult to injury, the relatively new social networking website Facebook is even more trusted than the media which 88 percent of respondents said they had little to no trust for. As reported last week, "A Zogby Interactive survey of U.S. adults found that among Apple,…

All three morning shows on Thursday ignored allegations of "unwanted sexual contact" by Al Gore against a woman in 2006. This is despite the fact that the claim was reported by the AP, the New York Times and the Washington Post. CBS's Early Show, NBC's Today and ABC's Good Morning America failed to mention the charges made by an Oregon massage therapist that Gore tried to have sex with her. Yet,…

While defending the Obama administration as a champion for small business owners, MSNBC host Ed Schultz revealed that his construction company more than doubled its number of employees in the past year – thanks to the stimulus bill."We've gone from eight employees to 20 employees in the past year, because of the stimulus package," he said of his construction company. "We've put some people back…