Obama-Era Cheerleader Liesman Downplays Economy's Third-Quarter Growth
December 2nd, 2017 9:41 AM
At CNBC Wednesday morning, just after the release of the government's GDP report, Squawk Box panelist Steve Liesman appeared to do everything he could to downplay the significance, and even the relevance, of the 3.3 percent annualized growth estimate. At the end of the segment, he gave away his ignorance when he expressed outrage that the tax bill currently under consideration in Congress,…
Horrible Jobs Reports Leaves CNBC’s Santelli Worried About Economy
October 2nd, 2015 1:52 PM
The September jobs report turned out to be a disappointment with fewer than anticipated jobs gains and labor force participation at its lowest rate since October of 1977.
CNBC’s Squawk Box discussion of the disappointing report quickly turned to Federal Reserve policy and whether it vindicated the Fed’s decision not to raise rates, or just proved they missed their chance to do so.
Media Fail: Weak First Qtr. Economies Have Been a Democrat Phenomenon
June 8th, 2015 11:13 AM
The business press has gotten really excited about the possibility — some of them are even treating it as a probability — that the first-quarter's recently reported annualized economic contraction of 0.7 percent will go positive if it gets revised for so-called "residual seasonality."
"Residual seasonality" is "the manifestation of seasonal patterns in…
'Fast Money' Panel Blasts President Obama's 'Duplicitous' Rhetoric in
July 24th, 2014 6:36 PM
At the beginning of the July 24 edition of Fast Money, CNBC aired an exclusive interview of President Obama by the network's Steve Liesman focused primarily on taxes and tax reform, particularly the president's call to prevent large corporations from capitalizing on an "inversion" to lessen their federal tax bite.
But after the interview was aired, CNBC panelists excoriated…
Fever-Swamp Left Celebrates How CNBC's Steve Liesman 'Embarrassed' Ric
July 16th, 2014 1:39 AM
Paul Krugman at the New York Times and other fever-swamp leftists who, incredibly, are operating under the assumption that the economy has experienced an acceptable if uneven "recovery" during the five years since the recession ended are celebrating what they believe was an epic live "embarrassment" of Rick Santelli at the hands of Steve Liesman at CNBC on Monday.
Former Obama Official: Jobs Revisions 'Elaborate Left-wing Plot to Mak
February 1st, 2013 9:28 AM
The Bureau of Labor Statistics on Friday reported upside revisions to the number of jobs that were created in last year's fourth quarter.
Appearing on CNBC's Squawk Box, Austan Goolsbee, the former Chairman of the Council of Economic Advisers under Barack Obama, joked, "It’s an elaborate left-wing plot to make the numbers much better several months after the election so…
Rick Santelli Responds to Negative GDP Report: 'We Are Now Europe
January 30th, 2013 9:59 AM
Rick Santelli made a stunning observation Wednesday about the shocking report that the economy actually shrunk in the fourth quarter last year.
"We are now Europe," he declared on CNBC's Squawk Box.
CBS: 'Self-Evident' Middle Class Will Spend More If Taxes Stay Same; P
December 6th, 2012 3:20 PM
"Militantly non-partisan" Major Garrett sounded more like an Obama administration flack on Thursday's CBS This Morning as he spotlighted the President's latest P.R. stunt. Garrett noted Obama's plan to visit a northern Virginia middle-class family and claimed that the Democrat was underlining the "self-evident point that if the there is a deal and their taxes aren…
March Hiring Far Below Expectations, CNBC Guest Still Seeks 'Silver Li
April 6th, 2012 11:55 AM
Each month before the jobs report is released by the Bureau of Labor Statistics, the hosts and guests of CNBC make predictions about the payroll employment number and unemployment rate.
On April 6, when the March data was released Steve Liesman was the high end predictor, with 290,000, and former Obama economic adviser Austan Goolsbee was low, with 180,000. But everyone turned out to be…
CNBC's Santelli Schools NYT's Friedman in Ponzi Schemes and Social Sec
September 8th, 2011 4:17 PM
The question of whether or not Social Security is a Ponzi scheme moved from Wednesday's Republican presidential debate to the set of CNBC Thursday.
In a heated debate, CNBC's Rick Santelli and New York Times columnist Tom Friedman argued the issue with them ending up calling each other "idiotic" (video follows with transcript and commentary):
MSNBC: (2004) – Natural Disasters Create Jobs, (2011) – Natural D
May 31st, 2011 11:34 PM
Perhaps using a preemptive strike to help combat the May jobs report to be released on Friday, MSNBC has already found an excuse for lost jobs, and an increased unemployment rate – storms, tornadoes and flooding. According to a business report:
“…homes or places of business have been destroyed in this year's wave of storms, tornadoes and flooding. That means…
CNBC Reporter Gives Full-Throated Support for Higher Gas Taxes
March 8th, 2011 2:44 PM
On MSNBC's "Daily Rundown" today, Steve Liesman robustly defended raising gasoline taxes as a way to address rising oil prices.
The CNBC senior economics reporter minced no words to show his support for hiking the unpopular consumption tax in the midst of a sluggish economic recovery: "I want to offer that one of the real solutions here is a gas tax."
Santelli's Simple Answer to Deficit: 'Stop Spending, Stop Spending, St
June 28th, 2010 3:21 PM
If it were only that simple - that is the way CNBC's Rick Santelli would have it. On CNBC's June 28 "Squawk Box," CNBC's senior economics reporter Steve Liesman vigorously defended the need for higher tax rates as a measure to cut federal deficits. Others argued that government revenues would increase if tax rates were lower because it would stimulate growth. (h/t Real Clear Politics…
Vintage Santelli – Rips Obama's Keynesian-ish Policies: Why Does My
June 25th, 2010 3:51 PM
This is one of those "I told you so" moments conservatives should really be out publicizing: The $787-billion stimulus passed early 2009 - it's not working. And on CNBC's June 25 broadcast of "The Call," CME Group floor reporter Rick Santelli explained that all government spending is not created equal, and President Obama's so-called stimulus spending was for government…