National Debt

NASDAQ.com says that the Dow Jones Industrial Average closed down 58.56 points today. The S&P 500 lost 1.13 points, while the NASDAQ lost 2.96 points. In percentage terms, those losses were 0.39%, 0.07%, and 0.08%, respectively. Even though there's usually a large element of speculation relating to why the broad markets go up or down on any given day, the pretend know-it-alls at CNNMoney.…

On Tuesday's NBC Nightly News, anchor Brian Williams sneered that the government shutdown was "being driven by a committed core of Republican members of Congress who are all but assured of re-election in their districts, and just can't be conservative enough for many of the folks back home." [Listen to the audio or watch the video after the jump] In the report that followed, chief White House…

If NBC’s Tonight Show audience is any indication. Americans aren’t buying into the media’s hysteria concerning the government shutdown. Quite the contrary, when host Jay Leno asked, “How many are worried about the government shutdown,” not one person in the studio audience applauded (video follows with transcript and commentary):

Just when you think liberal radio host Mike Malloy can't say anything crazier than he already has, out comes another gem. On Monday as the President and his Party were refusing to compromise with House Republicans thereby setting the wheels in motion for a government shutdown, Malloy called the GOP "religious psychopaths" who "want women to get cancer," "girls to get sexually transmitted…

Appearing on Tuesday's NBC Today, MSNBC Hardball host Chris Matthews dismissed Republican attempts to delay ObamaCare as a futile effort: "The President was elected – reelected again. He won this fight over health care....the President will not give up his baby, and I think they know that. That's why this is a scary fight. They've gone to ask Obama to give them something he can't give them,…

This weekend’s editions of NBC’s Today show did their best to drive home the message that Republicans would be to blame for the government shutdown that went into effect last night. On Saturday’s Today, CNBC’s John Harwood showed up to analyze the situation. The chief Washington correspondent did not mince words as he told anchor Erica Hill who would be responsible for the oncoming shutdown: “…

White House press secretary Jay Carney appeared on MSNBC’s Morning Joe Tuesday expressing the typical doom and gloom about what the government shutdown means to Americans and the economy. After he was done, CNBC’s Michelle Caruso-Cabrera told the MJ crew about how the markets were shrugging off the shutdown due to its likely limited impact on the economy and punctuated her thoughts by saying, “…

Chris Matthews just can’t make up his mind about Sen. Ted Cruz (R-Tx.). After telling MSNBC’s Morning Joe crew last week that the Texas Tea Partier is “a problem for our republic,” Matthews on Tuesday said, “I think Ted Cruz is brilliant. I think the President’s met his match in this guy” (video follows with transcript and commentary):

For weeks Americans have been told that if Congress and the White House didn't agree to a Continuing Resolution to fund the government when the new fiscal year started on October 1, an economic calamity would befall the nation. Well, the government officially shut down at midnight Monday, and markets all around the world don't seem to care.

"One reason people think Republicans are to blame for government shutdowns is that so much of the media keep telling them that that's the case." So marvelously stated Brit Hume on Fox News's Special Report Monday (video follows with transcript and absolutely no need for additional commentary):

If you listened to Obama-loving media members in recent weeks, the end of the world happens midnight Monday if Republicans don't agree to immediately fund the government. Yet with a shutdown only hours away now, the financial markets clearly don't seem to be at all concerned that what is happening in Washington will have much of an impact on the economy.

Bob Woodward broke free from the liberal media template on Monday morning, partially blaming President Obama for the current impasse over government funding and the debt ceiling. Appearing on MSNBC’s Morning Joe, the veteran journalist claimed that a potential economic collapse or downturn would fall on Obama’s head. Former George W. Bush staffer Nicolle Wallace and Obama acolyte David…

As NewsBusters previously reported, Tea Party Congressman Raul Labrador (R-Id.) on Sunday's Meet the Press made a fool of MSNBC's Chris Matthews over his lack of knowledge regarding how many times the government shut down when his former boss Tip O'Neill was Speaker of the House. As it turns out, the Washington Post also mocked Matthews for his ignorance last Thursday in a piece deliciously…

Chris Matthews has a new book out about his former boss the late Speaker of the House Tip O'Neill. Despite this, the MSNBC host was made a fool of on Sunday's Meet the Press by Tea Party Congressman Raul Labrador (R-Id.) concerning how many times the government was shut down when O'Neill ruled the House (video follows with transcript and commentary):