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March 3, 2010
A business partly responsible for the economic downturn requested another $15.3 billion bailout last week.
It wasn’t one of the news media’s usual suspects, like the banks or insurance giant AIG – the ones they have repeatedly scorned and…
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October 8, 2008
The financial system has been the damsel in distress of the U.S. economy for weeks, and according to the media only one hero could save her: the government and its $700 billion “rescue package.”
…
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February 19, 2010
Exactly one year ago, 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…
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February 17, 2010
Following the White House’s lead, “Good Morning America” criticized insurance companies on Feb. 17 going so far as to insinuate they might be breaking the law by raising premiums.“Now to the outrage over skyrocketing health insurance premiums, some…
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October 3, 2008
Children’s cough and cold medicine is “safe” when used properly, but according to the same CBS doctor the product is “dangerous.” As a result, the network chose to blame business.
That’s what…
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February 10, 2010
There are at least two schools of thought in economics. One of them – Keynesian economics – suggests that consumption is the most important element and therefore spending is the way to restore a faltering economy.This is the theory that’s been…
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October 1, 2008
Speaker of the House Nancy Pelosi blasted free market capitalism (and the GOP) in front of the entire nation on Sept. 29 as the debate raged over a potential $700 billion bailout.
“They claim…
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January 29, 2010
Fourth quarter GDP growth “beat expectations,” exciting some journalists on Jan. 29. But a number of economists were downbeat.The 5.7 percent growth for the last quarter of 2009 sparked media reactions on both MSNBC and CNN.Savannah Guthrie declared…
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February 5, 2010
The Bureau of Labor Statistics released the monthly jobs report on Feb. 5, showing an “unexpected” decline in the overall unemployment rate. But the reactions from two cable news channels were markedly different.CNN’s Allan Chernoff called it “a…
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September 25, 2008
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…
