Bailout http://mrc.org/taxonomy/term/1009/all en Affleck: U.S. Should Send Foreign Aid to Detroit http://mrc.org/articles/affleck-us-should-send-foreign-aid-detroit <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> Actor/Director says struggling city needs more taxpayer help. </div> </div> </div> <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/joseph-rossell">Joseph Rossell</a> </div> </div> </div> <p><iframe src="http://www.mrctv.org/embed/129648" width="520" height="293" frameborder="0"></iframe></p><p dir="ltr">Oscar-winner Ben Affleck told NBC’s Brian Williams that the city of Detroit would be a more deserving recipient of U.S. foreign aid than the countries currently receiving funds. &nbsp;Affleck discussed several of his new film roles in an interview broadcast on “Nightly News” Sept. 30, including his leading role in the Batman movie being filmed in Detroit because of its “post-apocalyptic” feel, according to NBC. &nbsp;</p><p><a href="http://mrc.org/articles/affleck-us-should-send-foreign-aid-detroit" target="_blank">read more</a></p> Articles MRC Business Art & Entertainment Economy Government Media Taxes actor american cities Bailout Batman Ben Affleck Brian Williams Detroit economic decline foreign aid movie NBC Nightly News taxes taxpayer bailout Wed, 01 Oct 2014 18:34:39 +0000 julia.seymour 47277 at http://mrc.org Networks Shield Government from Blame for 176 Deaths During Government Motors Ownership http://mrc.org/articles/networks-shield-government-blame-176-deaths-during-government-motors-ownership <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> GM bailout could prevent some from suing over faulty ignitions, despite media’s 98 percent blackout of government bailout. </div> </div> </div> <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/sean-long">Sean Long</a> </div> </div> </div> <p>When lives are lost due to a faulty product the media point fingers all the way up to the top of the company. Just not when the government owns the company.</p> <p>The broadcast networks have aired 42 reports on the GM safety recall of faulty ignitions; malfunctions that resulted in more than 300 deaths. But in the course of their reporting, ABC, CBS and NBC only once said something that could remind viewers that GM was, for a time, Government Motors. More than half of fatalities occurred during the period of federal ownership of GM.</p><div class='signature'><p>— Sean Long is Staff Writer at the Media Research Center. <a href="http://www.twitter.com/@SeanLong717" target="_blank">Follow Sean Long on Twitter.</a></p></div><p><a href="http://mrc.org/articles/networks-shield-government-blame-176-deaths-during-government-motors-ownership" target="_blank">read more</a></p> Articles MRC Business Business Bailout GM Government Motors obama recall Fri, 21 Mar 2014 15:07:26 +0000 dan.gainor 45809 at http://mrc.org Santelli: Five Years after His Rant Launched Tea Party http://mrc.org/articles/santelli-five-years-after-his-rant-launched-tea-party <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> Obama and left lashed out at Santelli as ‘mad clown,’ ‘clueless’ and ‘out-of-touch,’ but he takes pride in role as grassroots catalyst. </div> </div> </div> <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/julia-seymour">Julia A. Seymour</a> </div> </div> </div> <p dir="ltr">Five years ago, CNBC’s Rick Santelli reacted to the possibility of a mortgage bailout with frustration on live television. Quickly, his speech on the trading floor became known as the <a href="http://newsbusters.org/blogs/jeff-poor/2009/02/19/cnbcs-santelli-explains-his-anti-obamanomics-call-revolt">“rant heard round the world.”</a></p><p><a href="http://newsbusters.org/blogs/jeff-poor/2009/02/19/cnbcs-santelli-explains-his-anti-obamanomics-call-revolt"></a></p><div class='signature'><p>— Julia A. Seymour is Assistant Managing Editor for MRC Business at the Media Research Center. <a href="http://www.twitter.com/BizMediaJulia" target="_blank">Follow Julia A. Seymour on Twitter.</a></p></div><p><a href="http://mrc.org/articles/santelli-five-years-after-his-rant-launched-tea-party" target="_blank">read more</a></p> Articles MRC Business Business Economy Government Media Politics Anniversary anti-bailout Bailout chicago board of trade CNBC financial news grassroots movement mad clown rants Rick Santelli Tea Party Wed, 19 Feb 2014 11:00:11 +0000 julia.seymour 45582 at http://mrc.org Seven Soros-Linked Groups Behind Left's Push on Student Loans http://mrc.org/articles/seven-soros-linked-groups-behind-lefts-push-student-loans <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> Left-wing groups converge to demand rate cap, some push trillion-dollar bailout. </div> </div> </div> <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/julia-seymour">Julia A. Seymour</a> </div> </div> </div> <p dir="ltr">Ahead of a possible July 1 interest rate hike for federally subsidized student loans, a coalition of liberal and education groups announced a “<a href="http://studentdebtcrisis.org/social-media-day-of-action-today-thursday-june-13th/">Social Media Day of Action</a>” to demand congressional intervention.</p><p><a href="http://mrc.org/articles/seven-soros-linked-groups-behind-lefts-push-student-loans" target="_blank">read more</a></p> Articles MRC Business Education Government Bailout Campus Progress Center for American Progress day of action debt dreamsnotdebt equal justice works George Soros La Raza league of young voters Loans robert applebaum rock the vote social media student debt student debt crisis student loan StudentNation students The Nation USSA Fri, 14 Jun 2013 20:58:51 +0000 julia.seymour 43810 at http://mrc.org Student Loan Hype: Networks Focus on Debts 245 Percent Higher than Average http://mrc.org/articles/student-loan-hype-networks-focus-debts-245-percent-higher-average <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> When ABC, CBS and NBC broadcasts mention what graduates owe, they go to extremes. </div> </div> </div> <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/julia-seymour">Julia A. Seymour</a> </div> </div> </div> <p dir="ltr">Recent college grads are in a tough spot, with student loans that need repayment and an economy that is leaving many of them underemployed or worse. But the network news media have exaggerated individual burdens of student debt by using examples of enormous rather than average debts. They’ve also often ignored systemic problems that have led to the “crisis” of student loan defaults, at the same time that the left has called for bailouts.</p><p><a href="http://mrc.org/articles/student-loan-hype-networks-focus-debts-245-percent-higher-average" target="_blank">read more</a></p> Articles MRC Business Business Education Government Media abc Bailout Barack Obama campus grotto cbs College college loans debt debt burden debt forgiveness default education generation debt government takeover income based repayment Loans NBC Occupy Wall Street Student Loans Time Magazine tuition Wed, 22 May 2013 14:40:10 +0000 julia.seymour 43641 at http://mrc.org Washington Post Mag Finds ‘Cash for Clunkers’ Harmed Demolition Derby http://mrc.org/articles/washington-post-mag-finds-cash-clunkers-harmed-demolition-derby <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> Program that spent taxpayer money on new cars was praised by Washington Post and other media in 2009. </div> </div> </div> <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/liz-thatcher">Liz Thatcher</a> </div> </div> </div> <p dir="ltr">Cash for Clunkers, the failed Obama scheme to try to save the auto industry, is still wreaking havoc. This time on an American pastime: demolition derby. Many in the news media applauded the clunker of a program, including The Washington Post which <a href="http://www.washingtonpost.com/wp-dyn/content/article/2009/08/03/AR2009080300915.html">repeatedly</a> <a href="http://www.washingtonpost.com/wp-dyn/content/article/2009/09/15/AR2009091500855.html">praised</a> this program in 2009, trumpeting and increase in consumer spending.</p><p><a href="http://mrc.org/articles/washington-post-mag-finds-cash-clunkers-harmed-demolition-derby" target="_blank">read more</a></p> Articles MRC Business Business Government Media auto Bailout business Cash for Clunkers clunker demolition derby government parts scrap used cars Washington Post Washington Post Magazine Wed, 28 Nov 2012 17:13:22 +0000 julia.seymour 41903 at http://mrc.org Greece Heads for Default, Despite Media Predictions It Wouldn’t http://mrc.org/articles/greece-heads-default-despite-media-predictions-it-wouldnt <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> Jim Cramer and other media analysts predicted default wouldn’t be necessary thanks to government bailouts. </div> </div> </div> <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/paul-wilson-joe-and-betty-anderlik-fellow-culture-and-media">Paul Wilson, Joe and Betty Anderlik Fellow in Culture and Media</a> </div> </div> </div> <p>Greece is the perfect example of the eventual outcome of unchecked spending – especially as it creeps closer and closer <a href="http://www.irishtimes.com/newspaper/frontpage/2012/0511/1224315908588.html">to defaulting on its massive debts</a>, despite <a href="http://finance.yahoo.com/news/greek-prime-minister-does-not-060312047.html">multiple government bailouts</a> in May 2011. One recent BBC News headline warned: “Greece: ‘Default within the euro is possible’.”<br /></p><p><a href="http://mrc.org/articles/greece-heads-default-despite-media-predictions-it-wouldnt" target="_blank">read more</a></p> Articles MRC Business Economy Government International Austerity Bailout default EU European Union Fortune Greece Greek Jim Cramer Katie Benner Fri, 18 May 2012 17:56:31 +0000 julia.seymour 40123 at http://mrc.org Austria Parties Are 'Far-Right,' You Say? http://mrc.org/articles/austria-parties-are-far-right-you-say <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> Reporter Nicholas Kulish gets label-happy in a dispatch from the euro-zone bailout battles. </div> </div> </div> <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/clay-waters">Clay Waters</a> </div> </div> </div> <p><br />Yes, we get it, the party is 'far right.'<br /><br />Excerpts from Nicholas Kulish's <a href="http://www.nytimes.com/2011/10/01/world/europe/austria-approves-euro-bailout-fund.html?ref=nicholaskulish">report</a> from Berlin Saturday on the Austrian parliament reluctantly voting to raise its country's share in the euro-zone bailout of troubled countries like Greece:<br /><br /></p><p><a href="http://mrc.org/articles/austria-parties-are-far-right-you-say" target="_blank">read more</a></p> Articles TimesWatch Austria Bailout Eurozone LabelingBias liberalmediabias NewYorkTimes NewYorkTimesbias NicholasKulish TimesWatch Wed, 05 Oct 2011 16:20:00 +0000 admin 560 at http://mrc.org The Top 10 Economic Myths of 2010 http://mrc.org/media-myths/top-10-economic-myths-2010 <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/julia-seymour">Julia A. Seymour</a> </div> </div> </div> <p><em>Each year the Business & Media Institute looks back on the year's news and selects the top 10 worst economic myths. Here is our 2010 list:</em></p> <br /> <p>10. GM Repayment Shows Taxpayer Bailout Worked</p> <p>9.<strong> </strong>All the Economy Needs is More Stimulus</p> <p>8. Soda is Like Cocaine and Ads Cause Obesity</p> <p>7. Obama the Tax Cutter</p> <p>6.<strong> </strong>The Tea Parties are Astroturf, but Green Groups Aren't.</p> <p>5. Despite Largest Budget in History, Obama is Fiscally Conservative</p> <p>4. Lack of Press Freedom in Gulf Doesn't Point to Obama</p><p><a href="http://mrc.org/media-myths/top-10-economic-myths-2010" target="_blank">read more</a></p> Media Myths MRC Business 2010 access administration ads american april Astroturf auto bad Bailout big billion BP broadcast Budget burnett bush business called cancun cbs chamber ChamberofCommerce claim claims class climate climategate cnbcs coast cocaine commerce company conservative corporate coverage cuts day earth economic economy election Elections ErinBurnett federal Food foreign global good government green group groups guard history House institute isnt jobs june KeithOlbermann lack largest liberal mediamyth middle money myth national nbcs networks news obama obamas oil oilspill outlets parties people percent political president Press progress repayment report Reporters rich scientists Soda Spending spill sponsored Stimulus stop stories story support tax taxes taxpayer taxpayers ThinkProgress told tomdonohue Top10 treasury unemployment warming white worked year Thu, 09 Dec 2010 19:28:00 +0000 admin 30125 at http://mrc.org Santelli 'Very Happy' to Have Been Tea Party 'Spark' http://mrc.org/articles/santelli-very-happy-have-been-tea-party-spark <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/matt-philbin">Matt Philbin</a> </div> </div> </div> <p>The disdain was understated, but it was there. Liberal website Huffington Post published a <a href="http://www.huffingtonpost.com/2010/09/20/rick-santelli-i-sparked-t_n_731249.html"></a>short item Sept. 20 noting that the man credited with starting the Tea Party movement hasn’t donned sack cloth and ashes in penance. In fact, Rick Santelli said in an interview with the Chicago Sun-Times that, “If being the lightning rod that started the Tea Party is what's written on my tombstone, I'll be very happy.”</p><p><a href="http://mrc.org/articles/santelli-very-happy-have-been-tea-party-spark" target="_blank">read more</a></p> Articles MRC Business Business Taxes Bailout GrassRoots HuffingtonPost RickSantelli Stimulus TeaParty Mon, 20 Sep 2010 20:18:00 +0000 admin 27091 at http://mrc.org Media Parrot White House Spin on Auto Bailout as Unemployment Rises http://mrc.org/articles/media-parrot-white-house-spin-auto-bailout-unemployment-rises <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/kyle-gillis">Kyle Gillis</a> </div> </div> </div> <p>As President Obama travels to <st1:state w:st="on"><st1:place w:st="on">Michigan</st1:place></st1:state> to visit General Motors and Chrysler assembly lines, the media assembly line continues mass-producing bias.</p><p><a href="http://mrc.org/articles/media-parrot-white-house-spin-auto-bailout-unemployment-rises" target="_blank">read more</a></p> Articles MRC Business Economy abc auto Bailout cbs Chrysler Detroit GeneralMotors Michigan obama unemployment Fri, 30 Jul 2010 15:26:21 +0000 admin 27155 at http://mrc.org Columbia University President Champions 'More Public Funding' for Media http://mrc.org/articles/columbia-university-president-champions-more-public-funding-media <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/kyle-gillis">Kyle Gillis</a> </div> </div> </div> <p>With the World Cup over, the vuvuzelas have silenced but another horn is still being blown: the journalism bailout horn.</p><p><a href="http://mrc.org/articles/columbia-university-president-champions-more-public-funding-media" target="_blank">read more</a></p> Articles MRC Business Education Media Bailout bollinger columbia journalism MediaBias news newspaper Wed, 14 Jul 2010 20:45:23 +0000 admin 27179 at http://mrc.org The Flight of the Money - Where Has It Gone? http://mrc.org/bailout/flight-money-where-has-it-gone <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/dan-kennedy">Dan Kennedy</a> </div> </div> </div> <p >Two months ago, the “new” General Motors made possible by government bailouts, theft of shareholders’ equity for forced re-distribution to unions, and managerial change at government’s gunpoint, was held up as shining example of success – it was even repaying its debt to Uncle Sam early.</p> <br /> <p >But the week of the Independence Day, GM announced its urgent need to borrow five billion dollars, to use in re-paying debt (ie. paying its VISA bill with a new MasterCard) and as cash reserves to counter anticipated slumping sales.</p><p><a href="http://mrc.org/bailout/flight-money-where-has-it-gone" target="_blank">read more</a></p> Bailout Banking businesses capital cash economy GM investment manufacturing privatesector Wed, 14 Jul 2010 18:02:24 +0000 admin 29890 at http://mrc.org Facing Facts: Government is Still Less Efficient, More Incompetent Than the Private Sector http://mrc.org/bailout/facing-facts-government-still-less-efficient-more-incompetent-private-sector <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/dan-kennedy">Dan Kennedy</a> </div> </div> </div> <p >President Ronald Reagan put accomplished industrialist and real estate developer Peter Grace in charge of a comprehensive analysis of government waste.</p> <br /> <p >In 1984, the Grace Commission reported that the General Services Administration, which manages all government-owned real estate and land, employed 17 times more people and spent 14 times as much on overhead as a typical private sector company managing comparable properties. In the 26 years since, there’s been no improvement.</p><p><a href="http://mrc.org/bailout/facing-facts-government-still-less-efficient-more-incompetent-private-sector" target="_blank">read more</a></p> Bailout Corruption DanKennedy FannieMae fraud FreddieMac gracecommission inefficiency pension profit stategovernment waste Wed, 07 Jul 2010 14:48:42 +0000 admin 29893 at http://mrc.org ABCNews.com Credits Fannie Mae, Freddie Mac for 'Propping Up' Housing Market http://mrc.org/articles/abcnewscom-credits-fannie-mae-freddie-mac-propping-housing-market <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/kyle-gillis">Kyle Gillis</a> </div> </div> </div> <p>Apparently, Fannie and Freddie are the new Batman and Robin.</p> <p>At least they seemed more like heroes than villains in a <a href="http://abcnews.go.com/Business/rock-bottom-rates-housing-sector-hangs-thread/story?id=11076822"></a>July 6 ABC News story about the troubled housing market. Reporter Rich Blake gave the government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac credit for “propping up” the flailing housing sector:</p><p><a href="http://mrc.org/articles/abcnewscom-credits-fannie-mae-freddie-mac-propping-housing-market" target="_blank">read more</a></p> Articles MRC Business Economy Government ABCNews.com Bailout FannieMae FreddieMac housing interestrates mortgage richblake trillion Tue, 06 Jul 2010 16:14:46 +0000 admin 27194 at http://mrc.org