It's the kind of socialist attitude that would make Venezuelan dictator Hugo Chávez proud. Unfortunately, it's coming from a New York Times columnist making recommendations for the U.S. financial system.
Times' columnist Paul Krugman appeared on MSNBC's Oct. 6 "Rachel Maddow Show" and made the prediction that the federal government would have to take over the American financial system after declaring the bailout legislation signed by President George W. Bush on Oct. 3 as a failure.
"[W]hat we really need is we need, well capital that the banks - we need to put money into the system," Krugman said. "And in effect, what always happens in financial crises is a partial nationalization - partial and temporary nationalization of the financial system. And, that is - you know and, I predict with almost 100-percent confidence that's how it will end, but the [Henry] Paulson Treasury wasn't willing to talk about that."
Update | Hail Halperin: See incredible video at foot. Pressed by Mark Halperin, Robert Gibbs admits Obama continued to associate with Ayers after learning his past.
H/t Melody N. An Obama spokesman adamantly insists that in 1995 Barack Obama was the most clueless man in Chicago. Andrea Mitchell thinks talk of Barack Obama's ties to an unrepentant terrorist is a "distraction." Rudy Giuliani doesn't. Mitchell is happy to take the New York Times's word for the fact that Obama and William Ayers weren't close. Rudy, not so much.
After the former NYC mayor made the case on today's Morning Joe as to why Ayers matters, Obama spokesman Robert Gibbs came on, called Giuliani a liar, and flatly denied that—when beginning his political career in his living room—Obama knew Ayers was a terrorist.
View video here.
In the latest news from the actions have consequences department, Brian Williams recently told David Letterman that the McCain camp is punishing him by not allowing him to interview Sarah Palin because the McCain camp is mad at MSNBC's extreme leftism as evinced by Chris "Thrill up my leg" Matthews and Keith Olbermann. Is Brian crying? There's no crying in broadcasting!
During his visit on The Late Show with David Letterman, Brian Williams admitted that he is the only network anchor that has yet to be granted an interview with Governor Palin but that he "cannot wait" to interview her.
On Monday’s The Situation Room, CNN anchor Wolf Blitzer interrupted a back-and-forth discussion on the presidential campaign between Democratic strategist Donna Brazile and CNS News editor-in-chief Terry Jeffrey for a live video feed of rock musician Bruce Springsteen at a Barack Obama campaign rally in Michigan: "I want both of you to stand by because Bruce Springsteen is singing right now at a Barack Obama rally in Michigan, and I can't help but want to listen a little bit. Listen to ‘The Boss.’" Just before this mid-conversation interruption, Jeffrey made a point about how "there's a lot of people in this country who believe the media wants Obama to be elected president, and part of doing that is tearing down Sarah Palin." It’s kind of funny that Blitzer helped Jeffrey prove the first part of his point only seconds after he made it [see video at right].
Earlier in the discussion, at about 50 minutes into the 4 pm Eastern hour of the CNN program, Blitzer brought up new CNN poll numbers that indicated that the number of people who think Sarah Palin is qualified to be president has dropped since early September 2008. He asked Jeffrey, "Why has it gone down?" Jeffrey then made his first point about the media bias: "I think since Sarah Palin has been nominated, she's taken quite a beating from the liberal press." He then described how he thought those poll numbers didn’t matter, and that "quite frankly, I think if she was at the top of the ticket, they would be doing better."
When interviewed by Eyeblast.tv last month, Google CEO Eric Schmidt said that YouTube, the video-sharing site owned by his company, is "pretty serious" about removing the "strange" videos that keep popping up on the site, especially videos "that can be used to incite bad outcomes." Apparently videos designed to incite Catholics don't fall into that category.
A YouTube user who goes by the moniker "fsmdude" has posted more than 30 videos under the title "Eucharist Desecration." Each video features an attack on a symbol that Catholics consider sacred -- by blow gun, nail gun, boiling, sword and cigarette in a few recent episodes.
The creator of the videos isn't subtle about his intent. He was angered by reports of a college student allegedly receiving e-mail threats from "fanatical Catholics" after the student snatched a wafer at mass, so "fsmdude" decided to repeatedly profane the Eucharist on camera for all to see.
Good thing Nancy Pfotenhauer wasn't in the same studio with Harry Smith this morning. The Early Show anchor might have broken out his hickory stick. Like a hectoring school marm, Smith scolded McCain adviser Pfotenhauer for what he deemed her insufficient citation of a New York Times article tracing Barack Obama's affiliation with unrepentant terrorist William Ayers.
Wagging a stern finger at Pfotenhauer across the airwaves, Smith repeatedly interrupted her, demanding "what was the conclusion, what was the conclusion?"
Mika Brzezinski questioned the strategic wisdom of the McCain campaign's playing of the Ayers card, but even she joined in the excoriation of the AP.
View video here.
Update: The techincal error is resolved. Please, enjoy. Thank you very much.
Tuesday's Presidential debate is now looming in our headlights. It will be moderated by the very liberal Tom Brokaw of the very liberal NBC.
The Media Research Center, Newsbusters.org's parent company, wanted to take this opportunity to remind one and all why Brokaw's colleague, the very liberal Chris Matthews, will not be moderating the debate. And why he was removed as co-anchor of the very liberal MSNBC's 2008 campaign coverage.
Why he was ever ensconsed in that lofty journalistic position remains light years beyond us.
So we now humbly present to you an MRC Cinematic Production entitled "Chris Matthews: Building the Thrill."
We sincerely hope you enjoy.
Catching up with an item from a few days ago: Barry Sonnenfeld, a movie director (Men in Black) and now the Emmy-winning executive producer and director of ABC's dramady Pushing Daisies, predicted on Wednesday's Late Show that amongst the things he's “worried” President Bush will do before leaving office is “go out by pushing the button and destroying all life on Earth.” That was too much for David Letterman, hardly a Bush fan (in June he asked if Bush has “any humanity?”), who responded: “It's just a little bleaker than I would have hoped for -- the idea that he would actually detonate the planet in a moment of despair.”
Sonnenfeld, who speculated about Bush hiding bin Laden, also wondered why Americans wouldn't vote for the “really smart” Barack Obama over John McCain who “finished second to last in his graduating class in college” and Sarah Palin, who “went to five different colleges,” and so “I'm thinking maybe she's got other talents than intelligence.”
With some mix of seriousness and humor you can judge yourself by watching the video clip (though how funny is it to joke about the President as some kind of religious zealot out to murder millions?), Sonnenfeld told Letterman he's “worried since it's October that George Bush will do one of three things: Either find bin Laden, who've they've had somewhere for eight months waiting to bring out” or “let's start a war with Iran. That's always a possibility.” Then:
And here's the third thing -- and I don't know much about the Bible and I'm not a big rapture guy -- but I believe George Bush is and what better way, if your polls are so bad, than to go out by pushing the button and destroying all life on Earth?
Audio: MP3 clip (2:05, 750 Kb)
Letterman, however spent the first half of Friday's Late Show before Williams came out and most of his time with Williams ridiculing Palin, and McCain for choosing her. Though the NBC Nightly News anchor Williams tried to separate himself from the remarks, and made some gentle counter-points as he preferred to joke about how he's the only one of the three anchors yet to get an interview with Palin, Williams never made the obvious point that much of Letterman's upset over Palin's inexperience could be directed to the top of the competing ticket. Or certainly could have been when he emerged last year as a candidate, but was not.
Audio: MP3 clip (1:20, 500 Kb)
So what "dangerous" product should you not give your children now? Cough syrup, if you were watching the October 3 "Early Show."
"They're safe if they're used properly, but so often they're not and so I consider them to be dangerous," said Dr. Alanna Levine, a pediatrician based in Englewood Hospital in New York.
The CBS segment focused on new regulations of over-the-counter cough and cold medicines for children by the Food and Drug Administration (FDA), but left out any representation by pharmaceutical companies or trade organizations.
Levine stressed problems with use of the product telling viewers that emergency rooms see up to 7,000 children a year, but she focused on the medicines, not on the caregivers improperly administering them to children.
Poor Joe. Ann Curry is concerned that the senator from Delaware was the victim of a double-standard during last night's debate that caused him to hide his light under a barrel. The Today show co-anchor [subbing for Meredith Vieira] expressed her misgivings this morning to Obama supporter Sen. Claire McCaskill (D-Mo.)
ANN CURRY: But he restrained himself to some degree. I mean, she called him "Joe," he called her "Governor." She attacked him, he didn't attack her. Do you think there was a double-standard at play here? Did Joe pull down his full game, and did that hurt him last night--and his ticket?
View video here.