Warren Buffett Give Obama 'High Marks,' Mocks Palin in CNBC Interview
It's not a secret that billionaire investor and Berkshire Hathaway (NYSE:BRK.A) CEO Warren Buffett is a supporter of President Barack Obama - having endorsed and raised money for him. But has Buffett's approval of the president mirrored the declining marks he's getting from the rest of America? No, according to Buffett, Obama's earned "high marks." Buffett appeared on CNBC's March 1 "Squawk…
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…
CNBC's Jim Cramer Challenges 'Infuriating' Pessimistic Media 'Bias
Did you think the negative economic reporting would stop once George W. Bush was out of office and Barack Obama was in? It hasn't. Although you could argue that the press has done its best to make Obama look good despite economic troubles, as Congress debates a jobs bill and other legislation meant to improve the economy before elections in November, could the media be painting a darler…
Gasparino: 'It is My Job to Turn This Into a Barroom Brawl' with CNBC
A little competition is good for consumers, right? If that's the case, it looks promising for consumers of cable business news. Former CNBC on-air-editor, now the senior contributor for the Fox Business Network, Charles Gasparino vows to provide just that. Gasparino appeared on the Feb. 22 broadcast of FBN's "Imus in the Morning" and explained why he made the move. "I always wanted to work…
Rick Santelli - The Free Market Media Personality Who Inspired a Tea P
On Feb. 19, 2009, one year ago tomorrow, Rick Santelli lost his temper while reporting from the floor of the Chicago Mercantile Exchange. The CNBC reporter was angry about bailouts of businesses and homeowners. His passionate free market rant spoke to many Americans equally distressed about the direction of the nation. The Tea Party movement was born.
'Power Lunch' Guest Says No to Greek Debt, Warns All Governments Will
Just one day after Treasury Secretary Timothy Geithner said the U.S. wouldn't lose its "top-notch" credit rating, one CNBC guest said that ‘"all governments" will default - it's only a matter of time. When asked by "Power Lunch" co-anchor Sue Herera if he would buy Greek debt, Marc Faber said: "No, I'm not interested in government or sovereign debts because I think that all governments will…
Santelli: Media's Coverage of Economy, Tea Parties 'Very Much Lacking
Rick Santelli is the star of perhaps the most politically consequential online video, viral to the extreme, of the past year (right). On February 19, 2009 he let loose on the Obama administration's economic policies on CNBC's "Squawk Box", calling for a "tea party", and inspiring millions of Americans to speak out against what he and many others see as collectivist economics policies pursued by…
CNBC's Santelli Brandishes Hammer to Illustrate Obamanomics
As the old cliché goes, you don't use a sledgehammer to crack a nut, but according to Rick Santelli, that's exactly what it appears the Obama administration is doing terms of financial regulation and fiscal discipline. On CNBC's Feb. 2 broadcast of "Fast Money," host Melissa Lee proposed that taxing the wealthy is not the path to "economic prosperity and fiscal stability." Santelli, the network'…
Media Oversight: Is GM Stakeholder Federal Government Playing Politics
The government's traditionally enforced safety standards on automobiles sold in the United States. But the government didn't always own a car company. So you'd expect the media to take a hard look when the government's roles as regulator and competitor converge. But unless you saw the Jan. 28 broadcast of CNBC's "Power Lunch," you might not realize that this is exactly what has happened. In…
Cramer React to SOTU: Notes Nat Gas Ignored by Obama; Defends Geithner
President Barack Obama encouraged some business interests by mentioning nuclear energy and offshore drilling during his Jan. 27 State of the Union speech. Those less popular energy solutions joined the usual alternative rhetoric of wind, solar and bio-fuels. But on CNBC's Jan. 28 "Street Signs," Jim Cramer, host of CNBC's "Mad Money" noted something was missing - an important onshore energy…
Cramer Rips Obama 'Lurch Toward Populism': 'Now on an Anti-Shareholder
It was initially thought the election of President Barack Obama was just going to hit your pocketbook in the form of higher taxes. But if the past several days are any indication, the president has found another way to hit it - by attacking your stock portfolio. On CNBC's Jan. 25 "Mad Money," host Jim Cramer advised his viewers to be aware of this and to strategically position their stock…
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…
CNBC Elitism: Harwood Claims Public Doesn’t Know Enough to Make Judg
CNBC "Squawk Box" co-hosts Joe Kernen and Becky Quick get it. Unfortunately, their CNBC colleague that covers Washington, D.C. for the network doesn't. On the Jan. 22 broadcast, Harwood appeared on the program to give a status report on the current version of health care reform being negotiated in Congress and what it means in the aftermath of Scott Brown's filibuster-proof busting election…
NewsBusters Interview: Tim Carney, Author of 'Obamanomics
During the 2008 presidential campaign, Americans were treated to a number of populist sermons on the "special interests" who would oppose "reform" at any cost to maintain the "status quo" from which they "profit financially or politically." The drug companies, the energy companies, the Wall Street bankers, and the health insurers were the corporate enemies of a just and harmonious America, or so…
