CNBC

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Glenn Beck has apparently decided he doesn't care how big a public nutcase he is making himself into. Because, you know, the black helicopters are coming!!!!!! And he's just the guy to get the warning out.

Back when he started his Fox show in January, I wondered how long it would take Beck to become an outright Patriot conspiracy-monger -- especially because he dabbled in it early on, and it's been building ever since. I knew we had to be getting close when Beck's buddy Chuck Norris went full-bore militia earlier this week.

So the answer is: about ten and a half months. Because yesterday on his show, he just threw the chips all in and went for your classic militia black-helicopter conspiracy theory:

Beck: On the scale of insane things, I want to show what we skipped past. Ready? Look at this. Put it up here. We're in a recession now. People argue over whether we're even in a recession! We're in a deep recession. I think we're on the edge of a depression because of what we're doing.

OK, so, we have skipped a deep recession and skipped depression -- even the Great Depression -- we went right to the collapse of the dollar. Then he went right to global currency. One world government! And a New World Order! [Slaps] Like that!

That certainly is an interesting "scale of insane things," isn't it? Especially considering how insane you have to be to believe we've actually progressed beyond "recession." Insane, indeed.

Anyway, Beck then brings on the capital-investment adviser who sent Beck completely around the bend with his snippet on CNBC speculating that the ultimate solution to the economy would be "global government": Damon Vickers of Nine Points Capital Partners. Vickers is a longtime nutcase who in fact was coming fresh off the Alex Jones show earlier this week, expounding on this same theory. (Fun note: A year ago, Vickers predicted Microsoft was "going nowhere but down." That was when its stock price was at 13. Now it's above 30.)

There's a reason the ADL officially dubbed Beck our national "Fearmonger in Chief" this week. And there's a reason militias are springing up like mushrooms everywhere.

And the reason is that Glenn Beck has a national TV network show on which he is not only permitted but encouraged to promote complete wingnuttery whose sole purpose is to make Americans fearful, paranoid and angry.

I put together a compendium of Beck's finest fearmongering of just the past year on Fox, inspired largely by the instances cited by the ADL -- with a few of our own favorite moments thrown in for good measure.

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NYC Marathon_a70d5_0.jpg
Jeez, between this guy and Pat Buchanan, what is up with NBC Universal?

Over the weekend, Meb Keflezighi became the first American to win the New York City Marathon since 1982. But CNBC's Darren Rovell isn't impressed. Darren Rovell doesn't think Keflezighi is really an American.

On his Twitter account yesterday, Rovell wrote "NYC Marathon winner Keflezghi may be a citizen, but can't count as American."

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Rovell explained his bizarre views in an article on CNBC's web site:

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It's a stunning headline: American Wins Men's NYC Marathon For First Time Since '82.

Unfortunately, it's not as good as it sounds.

Meb Keflezighi, who won yesterday in New York, is technically American by virtue of him becoming a citizen in 1998, but the fact that he's not American-born takes away from the magnitude of the achievement the headline implies.

"Technically American"? No: Keflezighi is American. Not on some technicality or by virtue of a loophole. He is, simply, an American -- and he isn't any less American simply because he did not share Darren Rovell's great good fortune to have been born in the U.S.

For the record, Keflezighi was born in Eritrea, but has been a naturalized citizen for 11 years, having immigrated to the US twenty-two years ago at the age of 12.

As the daughter and wife of naturalized American citizens, I find this wholly offensive, although I suspect that had Keflezighi had the Scandinavian looks of my husband, there would be absolutely no qualification of his citizenry.

UPDATE: Rovell apologizes:

All I was saying was that we should celebrate an American marathon champion who has completely been brought up through the American system.

This is where, I must admit, my critics made their best point. It turns out, Keflezighi moved to the United States in time to develop at every level in America. So Meb is in fact an American trained athlete and an American citizen and he should be celebrated as the American winner of the NYC Marathon. That makes a difference and makes him different from the "ringer" I accused him of being. Meb didn't deserve that comparison and I apologize for that.


Donny Deutsch Calls Rush Limbaugh A "Douche" On Air

(h/t Think Progress for the video)

Tuesday morning on Morning Joe, CNBC host Donny Deutsch had a few choice words to describe Rush Limbaugh, including "megalomaniac" and a "scary, distasteful human being." He didn't stop there, though. He had another word in mind and let's just say, it wasn't pretty:

Then, a few minutes later, Scarborough and Deutsch discussed Limbaugh's potential part-ownership an NFL team and the comments that led to his departure from ESPN. During the conversation, the audio cut out while Deutsch was talking and Scarborough said, semi-laughing, "...bleeped that out again. Why did you have to do that? Why?" Donny later explained, "I called Rush Limbaugh a feminine hygiene product that starts with a D and sounds like my last name. It was bleeped you can't say that on TV." At the end of the program Mika Brzezinski claimed, "I learned that you can't do a show with Donny without him saying something perverted." Read on...

John Amato has forbidden me from using the "D word" to describe the likes of Limbaugh and Beck for years -- all for the better, no doubt. Should Deutsch have used the word on air? Probably not. Was he right? We report, you decide...


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I agree with Leo Gerard. This is at least a step in the right direction with our trade laws.

SCHULTZ: Welcome back to THE ED SHOW. Tomorrow, President Obama will head to Pittsburgh to speak to union leaders at the annual AFL-CIO conference. Labor is fired up. I was there last night, had a radio town hall meeting. They‘re expecting a lot from President Obama.

The union‘s got a big victory from the Obama White House over the weekend, when the president agreed to impose temporary tariffs on tires imported from China. Union leaders say cheap Chinese tires have cost American jobs and shut down plants, and putting an import tax on them will level the playing field for American workers.

Joining me now is Leo Gerard, president of the United Steelworkers International. Mr. Gerard, good to have you with us tonight. How bold a move was this by President Obama to go ahead and uphold the U.S. International Trade Commission‘s ruling on this? This is something the Bush administration did not do. How bold is this in your opinion?

LEO GERARD, UNITED STEELWORKERS INTERNATIONAL PRESIDENT: I think it was a very important step, very important move. In fact, this is the first time a president has brought meaning for sanctions against a foreign—a foreign country since Ronald Reagan. Ronald Reagan did it twice. So I‘m pleased that President Obama stepped in.

We believe that this is a rule-base country. We went to the International Trade Commission and said, China‘s breaking the rules. They agreed. Now President Obama‘s agreed. I‘m very pleased.

Continue reading »


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And the dumb keeps coming. CNBC's Maria, I just met a girl named Maria Bartiromo is so intent on sticking up for her Wall Street fat cat pals that she makes an idiot out of herself when she asks Rep. Weiner how come he doesn't use Medicare if it's all that!

Well, Weiner is half way to fifty so he's not eligible, but as we know facts are useless things when conservatives want to destroy something. Actually I wonder of she got confused with the other conservative talking point that says if the public option is so great, why doesn't the Democratic Congress sign up for it. Can you tell? I know it's hard to pin down the crazy.

Nico Pitney:

Earlier today, MSNBC's Carlos Watson hosted Rep. Anthony Weiner (D-NY) and CNBC anchor Maria Bartiromo for a discussion on health care.

At one point, Bartiromo was critical of the government-managed health care system in the United Kingdom. "How do I know the quality [of health care in the United States] is not going to suffer" with a public option? she asked.

Rep. Weiner reminded her that there already is government-managed health care in the United States -- namely, Medicare, the system created for Americans 65 years and older -- and that patients with Medicare report very high satisfaction rates.

Bartiromo's response to this argument was a true head-scratcher. In a mocking tone, she pressed the congressman: "How come you don't use it [Medicare]? You don't have it. How come you don't have it?"

Rep. Weiner, who turns 45 this week, tried to walk Bartiromo through it. "Because I'm not 65." But she was insistent. "Yeah... c'mon!" she exclaimed, laughing incredulously.


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(The incredible C&L video archives comes through again. Via a post from 02/08/07 The Guide: How Dick Cheney uses "Meet the Press" to control the message )

In ‘01, Cheney said this on MTP:

CHENEY: It‘s been pretty well confirmed that he did go to Prague and he did meet with a senior official of the Iraqi intelligence service in Czechoslovakia last April.

on 6/19/04 CNBC, he said:

GLORIA BORGER, TV SHOW HOST: You have said in the past that it was, quote, “pretty well confirmed.”

CHENEY: No, I never said that. BORGER: OK.

CHENEY: I never said that. BORGER: I think that is…

CHENEY: Absolutely not.

It's not like we haven't seen this tale before. Cheney is getting ready to go on a Sunday Talk Show to discuss important issues, a big article appears that tries to completely justify his positions almost at the same time he's about to take the center stage. Wow. What a shock. One of Cheney's first victims and allies was the NY Times. Judy Miller was used as a a willing pawn when Cheney needed cover right before he was going on Meet the Press to help push the country into war with Iraq in 2002.
Cheney's team admitted during the Scooter Libby trial that using Meet the Press allowed them to control the message which was a major embarrassment for Tim Russert.

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BILL MOYERS: Was it just a coincidence in your mind that Cheney came on your show and others went on the other Sunday shows, the very morning that that story appeared?

TIM RUSSERT: I don't know. The NEW YORK TIMES is a better judge of that than I am.

BILL MOYERS: No one tipped you that it was going to happen?

TIM RUSSERT: No, no. I mean-

BILL MOYERS: The Cheney office didn't leak to you that there's gonna be a big story?

TIM RUSSERT: No. No. I mean, I don't have the-- This is, you know-- on MEET THE PRESS, people come on and th4ere are no ground rules. We can ask any question we want. I did not know about the aluminum tubes story until I read it in the NEW YORK TIMES.

BILL MOYERS: Critics point to September eight, 2002 and to your show in particular, as the classic case of how the press and the government became inseparable. Someone in the Administration plants a dramatic story in the NEW YORK TIMES And then the Vice President comes on your show and points to the NEW YORK TIMES. It's a circular, self-confirming leak.

TIM RUSSERT: I don't know how Judith Miller and Michael Gordon reported that story, who their sources were. It was a front-page story of the NEW YORK TIMES. When Secretary Rice and Vice President Cheney and others came up that Sunday morning on all the Sunday shows, they did exactly that.

My concern was, is that there were concerns expressed by other government officials. And to this day, I wish my phone had rung, or I had access to them.

Now the Washington Post has taken the job since Miller isn't around to pass along Bush talking points. I understand that at times anonymous sources play a role in breaking news, but this piece which is rife with anonymous sources is clearly there to provide cover for Cheney as he takes up his cause of justifying his horrific torture regime once again to the American people, but this time with a brand spanking new piece of propaganda from the elite media. The Sunday shows will have a field day with this...

Glenn Greenwald has more: 'The Washington Post's Cheney-ite defense of torture.'

If anyone ever tells you that they don't understand what is meant by "stenography journalism" -- or ever insists that America is plagued by a Liberal Media -- you can show them this article from today's Washington Post and, by itself, it should clear up everything. The article's headline is "How a Detainee Became An Asset -- Sept. 11 Plotter Cooperated After Waterboarding" -- though an equally appropriate headline would be: "The Joys and Virtues of Torture -- how Dick Cheney Kept Us Safe." I defy anyone to identify a single way the article would be different if The Post had let Dick Cheney write it himself...read on


It's a dark day in California

I saw Arnold Schwarzenegger being interviewed by John Harwood and he told him on CNBC I believe that " we missed the iceberg." No we didn't. The budget is a disgrace and Californians are going to learn the hard way what has happened in our state. Jobs and services will be slashed at an incredible rate and we;ll all suffer for it. Even if Arnuld thinks we missed the iceberg, the state is going to sink to the bottom of the ocean.

Calitics has more:

So the Assembly is wrapping up their budget session, and it turns out that the Assembly came up $1.1 billion dollars short of the Senate's solutions. Oil drilling failed, and the local government raid on HUTA (gas taxes) failed as well.

So where does that leave us? These bills will go to the governor, and since there isn't concurrence, it will be roughly a $23 billion solution rather than $24 billion. But, the Governor has a line-item veto. He can make various cuts with his blue pencil. But $1.1 billion? Who knows. That seems like a tall order.

Considering what Schwarzenegger did the last time a partial solution was handed to him, I guess there's an outside shot that he'll just say no and open a new extraordinary session. But he'll probably just line-item some, and maybe make up the difference by eating into what is now a $900 million dollar budget reserve.

Is everybody ready to be back here in October?

...We'll have a couple days for final analyses, but let's remember that this is a terrible budget and a dark day for California.

...Let me clarify. The Governor can make line-item cuts but he doesn't necessarily have to, because this is a budget revision. He can also shift around the size of the reserve. In the end, he doesn't actually have to be in balance for a revision; that's a Constitutional need at the beginning of the process, as I understand it, not now. Clearly from the Governor's remarks, he's not going to veto the whole thing, so this is the "solution," for now. There also may be Constitutional problems with some of the stuff passed.


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George Voinovich is retiring from Congress next year, and I guess that means he can feel free to let a few things slip out. In this clip from CNBC, he admits what we've known all along - that opposition to the President is driving opposition to health care reform. Republicans know that if a Democratic President expands access to health care more than any time since Medicare, and lowers individual costs for most people, he will reap rewards. So their strategy, as revealed previously by internal memos and Jim "Waterloo" DeMint, is to obstruct reform to deny the President a "win", thusly turning the uninsured and the poor into pawns in a political game.

Most of Voinovich's remarks are of the fiscal scold variety, claiming that we cannot afford the cost of government (something I forget hearing from Voinovich when he voted to authorize a war in Iraq that cost three trillion dollars), but here's the key moment at around 4:25:

QUESTIONER: ...on health care, how much of this disagreement with the Administration is about the policy of health care and how to fix it, and how much of it is Republicans' obvious and understandable desire to declaw the President politically? How much of that does fit into the equation.

VOINOVICH: I think it's about 50/50, but I will tell you this...

He then claims that some Republicans want to work "on a bipartisan basis" on health care, but that's pretty much the death knell right there.

Democrats are right to jump all over this and expose the GOP as obstructionists. We've known this for some time with the record number of filibusters, but haven't gotten it out to the public. On a high-profile issue like health care, it should be radioactive to obstruct for political reasons and deny millions of people the right to have quality, affordable care.


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Via Media Matters, via rightwing site Newsbusters.org.

The above video exchange was first highlighted by NewsBusters.org, who approvingly cited Burnett's observations as noting "a teachable moment," which "reflects how secret ballots could end up in an election as to whether or not unionize a company."

Oil is not going up because...

"North Korea, Syria - I mean these are places when they always have elections, there's always a couple of people who don't vote for the right guy," Cramer said. "But I think the price of oil is going to tell you exactly how everything is going to play out in Iran, which is it's much ado about nothing."

and for Newsbusters, "a teachable moment", as Media Matters points out.

However, as Jim Cramer's colleague, "Street Signs" host Erin Burnett pointed out - this is a teachable moment. It reflects how secret ballots could end up in an election as to whether or not unionize a company:

CRAMER: I mean obviously, you were able to vote against this guy, but the idea you thought there was going to be a fair count.

BURNETT: And it wasn't a secret ballot. I think that's important. They're going to know - they know everybody and how they voted.

CRAMER: Absolutely.

BURNETT: It makes a strong point for this whole union conversation we're having in this country.

CRAMER: The card check, the card check.

BURNETT: But, we'll leave that debate ...


Barney Frank walks off the set of CNBC

Barney Frank was constantly being interrupted so he walked off the CNBC set.





(Please donate to C&L's 2009 fundraiser if you can. We need your support.)


Can we fix the reporting done on financial-TV news programs?

It's really almost impossible to fix the mess that is financial TV because the on-air blowhards slavishly believe in unlimited power and money for corporations, and they hold average American families as a means to an end. But Barry Ritholtz has some ideas -- some of them we've written about before.

Barry Ritholtz list sixteen steps:

Over the past 5 years, I have appeared on various Financial TV shows over a 100 times. But I am also a huge consumer of financial news, in print, on the web, radio, and of course, TV. Being on both sides of the camera gives me a fairly good perspective on what does and doesn’t work on TV. I also have some strong ideas as to what is good and bad TV in terms of providing a social utility, being part of the democratic process, etc.

Indeed, this is a longstanding interest of mine. Over the weekend, I referenced the current Columbia Journalism Review (CJR) issue that focused on the role of the media in the credit crisis, stock market and economic collapse (CJR on CNBC, WSJ & Business Press). This area has long interested me (hence, our media panel at TBP conference). But I was surprised this post generated 100 comments from readers.

One emailer challenged me on CJR’s CNBC piece: “Its easy to complain, but what would you do to “fix” Financial Television?”

Challenge accepted. Here are my general suggestions as to how to “fix” what needs repair on not just CNBC, but all FinTV.

How to Fix Financial Television...Read on

He's got some really good ideas. I already proposed a Punditocracy Ombudsman to clean up the talking heads that constantly give us false information and then are welcomed back on the set as if they are geniuses.

C&L's Accountability for the Punditocracy Proposal

Continue reading »


I didn't need the CJR to do a report on the CNBCs of our media to tell me what results they found on the coverage of the financial collapse, but it's good so see it in print.
Bruce Watson:

Columbia Journalism Review this month took the first steps toward transforming the ghost stories and urban legends of America's current recession into the formalized analysis of history. In "The List," a table of 727 stories from the business media, CJR tracks the history of the recession's coverage from its first rumbles and murmurs in 2000 to the cataclysms of 2007. In the process, the publication explores whether the media did, in fact, do everything that it could to protect its readers.

In its final analysis, the answer seems to be a resounding "no."...read on

Are you shocked? I found this report over at Digby's place so I'll let her explain what this means:

In all the navel gazing about the future of journalism, it seems to me that one of the most important is consideration of the cracking of the insider culture. The media's failures of the past decade can be at least partially explained by its insular nature and class based identification with those they cover. (As James Wolcott so pithily illustrated with his description of Judy Miller and Scooter Libby "buttering each others' toast" at the St. Regis.)

Good journalism requires something that is in short supply among many establishment journalists: a healthy skepticism toward power, money, celebrity and elite opinion. Unfortunately, all too many elite journalists swim in the same social and professional pool as the people they cover. I thought it was bad in politics, but when you watch the financial media it's almost dizzyingly cozy and self-reinforcing.

Continue reading »


Mike's Blog Roundup

abu mugawama: Good News from Pakistan! The Taliban's strategic communications reek almost as bad as ours!

Pruning Shears: This Week In Tyranny

Daily Kos: Ghetto Loans and the latest sub-prime scandal

Alas, a blog: Under the rules of engagement developed in the Bush Administration, we can waterboard Scott Roeder

TBogg: A guy who worked in the BUSHCO Office of Legal Counsel weighs in on blogger ethics!

Brilliant at Breakfast: Ex-SEC Chairman to advise Goldman Sachs -What's wrong with this picture?


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There was so much wanking going on in this interview that I had to pick my spot.

Lawrence Kudlow interviewed Dick Cheney on CNBC yesterday and it was all about his views on the economy. Kudlow tried to get Cheney to call Obama a "socialist," but he wouldn't bite on that one. I do have to give Kudlow a little credit here. He didn't just blow right past the part of our history where the Bush/Cheney administration almost destroyed the global economy, and he even put some of the blame on his guest.

Anyway, Cheney suddenly is now very worried about deficits since President Obama has been forced to pump massive amounts of money into the economy to try and save it from Cheney's handiwork. You may remember this little gem from Dick when he got into it with Paul O'Neil:

O'Neill, fired in a shakeup of Bush's economic team in December 2002, raised objections to a new round of tax cuts and said the president balked at his more aggressive plan to combat corporate crime after a string of accounting scandals because of opposition from "the corporate crowd," a key constituency.

O'Neill said he tried to warn Vice President Dick Cheney that growing budget deficits-expected to top $500 billion this fiscal year alone-posed a threat to the economy. Cheney cut him off. "You know, Paul, Reagan proved deficits don't matter," he said, according to excerpts. Cheney continued: "We won the midterms (congressional elections). This is our due." A month later, Cheney told the Treasury secretary he was fired.

In this portion of the interview, Cheney elaborates on the economy as he sees it and is so terrified that President Obama has just ruined everything.

Transcript via Kudlow below the fold:

Continue reading »


Mike's Blog Roundup

Mercury Rising: Do many small wars add up to a very large one?

field negro: Hey Texas, when are you going to start that little secession thing? The rest of us are getting impatient

Economist's View: The serious conflict in modern conservatism

They gave us a republic: Roxana Saberi Free

Our friend Alicia Morgan of Last Left Turn Before Hooterville has been asked to sing at Marcy Winograd's campaign kickoff event today in Los Angeles.  Winograd is taking on Jane Harman for the CA-36 seat.