Business

Julia A. Seymour | 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.

 

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BMI Staff | October 1, 2008
Despite Media Mythmaking, Capitalism Didnt Fail Capitalism is taking a beating in the mainstream media these days. Reporters complain that…
Jeff Poor | October 1, 2008

     Americans aren’t all on board for the government stepping in and saving the day with an expensive bailout/rescue bill – and that has some journalists scratching their heads.

 

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Dan Gainor | October 1, 2008

     We got a harsh reminder this week that “Dow” can be a shortened form of the word “Down.” Way down. Monday, the Dow dumped 777 points, a near-7-percent drop. The media that had hollered about economic problems when there were none, finally…

Nathan Burchfiel | October 1, 2008

     Academic economists sit alone in their ivory towers, insulated from the world around them and oblivious to reality – at least according to CNBC “Mad Money” host Jim Cramer.

     “One-hundred-and-sixty-six academic economists signed…

Jeff Poor | September 30, 2008

     Do the media sometimes take a different tone with Republicans compared to Democrats? “CBS Evening News” anchor Katie Couric does.

 

     Couric interviewed House Minority Leader John…

Jeff Poor | September 30, 2008

     Since the $700 billion bailout plan went down in the House of Representatives by a 228-205 margin, talking heads and politicos have been looking for ways to circumvent Congress and give the executive branch the authority…

Jeff Poor | September 30, 2008

     The doom and gloom crowd was piling on after a record one-day 777-point drop in the Dow Jones Industrial Average (DJIA).

 

     David Tice, who manages the $1.1 billion Prudent Bear…

Nathan Burchfiel | September 30, 2008

     In their continuing effort to cast the economy as “Wall Street versus Main Street,” many in the media have criticized the proposed $700 billion bailout of financial institutions as rewarding “fat cats” who made bad investments.

Jeff Poor | September 29, 2008

     What does CNBC’s star and “Mad Money” host Jim Cramer think about the 777-point drop? It’s just the beginning.

    Cramer on CNBC’s Sept. 29 “Mad Money” cautioned viewers about the current market. His advice – do nothing because…

Jeff Poor | September 29, 2008

     Politicos and talking heads in the financial media backing the bailout of the financial services industry argue that the government stands to make money on the rescue plan proposed by Treasury Secretary Henry Paulson. But according to a new…

Jeff Poor | September 29, 2008

     One-third of Americans think it is time to whip up some shoe leather soup and hum “Brother Can You Spare a Dime?,” according to the Sept. 29 USA Today.

     According to a front-page Business section article headlined “Americans…

Lauren O'Reilly | September 29, 2008

     Financial experts Peter Schiff and Stephen Leeb faced off on “Your $$$$$,” presenting opposing viewpoints about the looming bailout. Schiff attacked the bailout and “irresponsible monetary policy” while Leeb defended it…

Jeff Poor | September 26, 2008

     It’s been raised as a possibility and was even dismissed by former President Bill Clinton, however Senate Majority Whip Richard Durbin, D-Ill., said former Federal Reserve Chairman Alan Greenspan is partially at fault for the current…

Nathan Burchfiel | September 26, 2008

     Republican presidential candidate Sen. John McCain suspended his campaign to help craft a government bailout of the financial sector not for the good of the country, but so he could take credit – at least according to his…

Dan Gainor | September 26, 2008

     NBC wants to help you find the “silver lining in the economic cloud.” Just don’t listen to “Today” host Matt Lauer.

 

     The Sept. 26 show brought on three financial experts to help…

Jeff Poor | September 26, 2008

     Conservative House Republicans and economists warn about the toll a $700 billion federal bailout of the financial sector would have on the taxpayers footing the bill. But according to Bloomberg TV analyst Marc Faber, the…

Paul Detrick | 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…

Jeff Poor | September 25, 2008

     In the era of globalization, where the economies of the world aren’t confined by international boundaries, socialism shouldn’t be either – according to CNBC “Mad Money” host Jim Cramer.

     Reports have surfaced that the Federal…

Jeff Poor | September 25, 2008

    A 20 percent drop in the Dow could happen, according to CNBC’s “Mad Money” host Jim Cramer, unless the government passes this bailout plan.

 

     The Dow Jones Industrial Average (DJIA)…