CNBC

CNBC's Maria Bartiromo on Thursday excitedly told viewers that an intra-day rally which had brought the Dow Jones Industrial Average from down about 275 to up over 170 was caused by rumors that the presidential race had tightened.I wonder if these rumors will get reported by Obama-loving press members.With about fifteen minutes to go in the trading session, the camera found a suddenly happy…

Shades of McCain from an unlikely corner . . . When at the beginning of the current financial mess John McCain declared that "the fundamentals of the economy are strong," he was roundly lambasted by the MSM, while the Obama campaign called his statement "an enormous mistake."So, should we expect the liberal media and the Obama campaign to go after Barney Frank . . . now that he has said something…

It may not have been "huge" when CNBC's Joe Kernen said it but the dude has been on practically every news station by now. Kernen told chief Washington correspondent John Harwood that the "Joe the plumber" story "would be huge" and even a "bombshell," in any other election year. Kernen said voters "don't care" because they are buying into Sen. Obama's assertion that the Bush tax policies have…

Gee, and I thought I might be pushing the envelope on September 28 when I expressed concern that the "bailout" with the made-up $700 billion price tag that turned into the pork-loaded "bailout" with the made-up $850 billion price tag "blackmail" (though "extortion" may be the more appropriate word). It is clear that this is indeed the case, at least twice over. First, there were the threats made…

The stock market is casting a vote of "no confidence" in Barack Obama (D-Ill.) and his Republican opponent is missing an opportunity to slam the freshman senator for an economic agenda that is a rehash of the worst of Presidents Herbert Hoover and Jimmy Carter.So argued on-air editor Charles Gasparino in an October 13 op-ed in the New York Post, where the CNBC talent mentioned that even Obama's…

It's sad when just about the only place to get the truth about what happened to precipitate the current mortgage-lending mess is the Colbert Report. Jim Cramer of CNBC's "Mad Money" appeared on the Comedy Central show on Monday. The takeaway soundbites: Cramer said "I'd love to, but I can't" pin the blame for the debacles at Fannie Mae and Freddie Mac on President Bush. He noted that "the…

Remember the furor and the comedic punch lines as a result of Sarah Palin’s statement, implying that she needed someone to clarify the role of the Vice President? Well, brace yourselves for a similarly overwhelming media reaction to Joe Biden’s solution on where one can locate the definition of the Vice President’s role – Article I of the Constitution. Problem being, it’s actually Article II. To…

You've got to love brutal honesty, especially when it comes from the financial media. The Senate's version of a bailout bill, which passed last night by a margin of 74-25, included "sweeteners" - or obscure tax breaks - including benefits for the manufacturer of wooden arrows used in children's toys and another for litigants in the 1989 Exxon Valdez oil spill. Melissa Francis, co-host of CNBC'…

As NewsBusters has been reporting for months, CNBC's chief Washington correspondent John Harwood seems to take every opportunity afforded him to bash Republican presidential candidate John McCain.Having once again done so on Tuesday's "The Call" on CNBC, anchor Melissa Francis asked whether or not Harwood was nonpartisan.The delicious exchange occurred after Harwood spoke in great length about…

The shock and awe of the financial market meltdown is just beginning according to CNBC star Jim Cramer. Cramer on CNBC's Sept. 29 "Mad Money" cautioned viewers about the current market. His advice - do nothing because there's more pain to come if no rescue plan makes it out of Congress. As he put it: "sit on your hands." "Only those stocks that are sure enough to pull the trigger on until we…

The theory that bailout legislation recently defeated in the House of Representatives would make money for the federal government has been propagated by the financial media. But according to a recent report released by the International Monetary Fund (IMF), a profit is unlikely. The September 2008 report from the IMF stated the chances of the government recouping anything more than just a…

If you don't give me money, I won't bail you out! Conservative opposition to a federal bailout of financial institutions is over campaign donations, not a desire to uphold sound market principles, according to CNBC. CNBC's chief Washington correspondent John Harwood said Sept. 25 on "Squawk Box" that he had a conversation with "a top Republican member of congress last night" who told him…

As the Bush administration on Friday proposed a sweeping government bailout to address the nation's financial woes, CNBC's chief Washington correspondent John Harwood told viewers that such a move could help John McCain's presidential campaign because the "crisis on Wall Street benefits Barack Obama." This came just days after CNN's David Gergen and Candy Crowley made similar assertions with the…