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CNBC's Rick Santelli had to explain the economy to MSNBC contributor Ezra Klein on today's Morning Joe (h/t Hot Air). Klein argued that another recession would "move money around in ways that are unfair." An exasperated Santelli concisely described what was wrong with Klein's characterization of what recession does to an economy:

I don't normally get emails from CNN when the markets go from negative territory to positive, or vice-versa. But I did today, as the Dow and the S&P 500 oh-so-temporarily showed plus signs? So why did CNN send the email? Could it be that the markets' plunge is getting more widely known, and the network feels the need to tamp down the spreading pessimism? The CNN email, along with a…

Appearing on Wednesday's NBC Today, CNBC Mad Money host Jim Cramer blamed the debt ceiling standoff for stocks falling on Wall Street: "All people can talk about is the whole slow down that Washington triggered, the 'manufactured crisis,' as the President mentioned..." Co-host Ann Curry wondered: "To what degree did the spending cuts called for in this bill have an influence in this perception…

If the economy stagnates or falters in the coming months, it seems a metaphysical certitude Obama-loving media will do everything in their power to blame it on Tuesday's debt ceiling agreement rather than any of the other factors already in play. MSNBC's Chris Matthews gave us a foreshadowing of such deception on "Hardball" when he blamed Tuesday's stock market collapse on the newly-signed…

A trend is emerging on MSNBC's "Morning Joe," whereby guests make inflammatory statements likening conservatives to terrorists, and none of the co-hosts insist on a more elevated level of dialogue. Following in the footsteps of Newsweek's Tina Brown and Rep. Steny Hoyer (D-Md.), two MSNBC analysts called conservatives in Congress "economic terrorists" and "crazy" on Friday, yet none of the…

After only his third day on the job, Fox News senior White House correspondent Ed Henry was accused by White House Press Secretary Jay Carney of intentionally "creating" a dispute to please his new employer. "I know you're creating a thing here for Fox," charged Carney toward the end of a testy exchange with the former CNN correspondent during Wednesday's press briefing. As members of the…

MSNBC's Martin Bashir not-so-subtly suggested Wednesday that House Speaker John Boehner (R-Ohio) is a "baby" who should "go the f*** to sleep" and let Democrats deal with the debt ceiling issue. Anchoring the afternoon program that bears his name, Bashir excoriated Boehner's latest deficit-reduction proposal, which he dubbed a "ludicrous lullaby," blaming the Ohio Republican for "this…

In his White House speech tonight, President Obama renewed his call for a debt-ceiling impasse solution which requires "the wealthiest Americans and biggest corporations to give up some of their breaks in the tax code and special deductions." In other words, he wants tax increases, even though earlier in the day, he backed Senate Majority Leader Harry Reid's "plan" (using the term loosely, as…

Barack Obama might give Chris Matthews a thrill up his leg, but the bromance MSNBC's "Hardball" host has with former President Bill Clinton knows no bounds. On Monday's program, Matthews finished by nominating Clinton as Secretary of the Treasury, "Because in many ways it’s a life saver" (video follows with transcript and commentary):

Quoting a British politician who claimed "right-wing nutters" pose the most serious threat to the international financial system, MSNBC's Martin Bashir asked his conservative guest on Monday: "He's right, isn't he?" The MSNBC anchor posed this question at the end of a contentious interview with Tea Party Nation Founder Judson Phillips, after asking Phillips four times whether he wanted the U.…

On Wednesday evening (at NewsBusters; at BizzyBlog), I noted the absurdity of Associated Press coverage characterizing the 5-page document with 3-1/2 whole pages of text issued by the "Gang of Six" as a "plan" -- 12 times, plus in the item's headline. Though I didn't bring it up then, an obvious point to make about any of these items floating around Washington is that if the Congressional…

ABC, CBS, and NBC ignored the existence of the Cut, Cap and Balance (CCB) bill until last week, a Nexis search revealed, despite multiple polls demonstrating overwhelming public support. In addition to the blackout, none of the broadcast networks ever mentioned the positive polls in their coverage of the bill, even though 65 percent of the public backed a constitutional amendment requiring a…

In a USA Today email I received 20 minutes after Tuesday's closing bell, I was informed that the exceptionally good day occurred because the stock markets were "buoyed by strong earnings reports by IBM, Coke and others." A visit to the email's linked article also partially attributed the rise to "renewed hopes that U.S. lawmakers would be able to break their stalemate and strike a deficit-…

As NewsBusters previously reported, Chris Matthews had quite a heated debate with Rep. Joe Walsh (R-Ill.) on Tuesday's "Hardball." Amidst a series of ridiculous questions asked of the Congressman, possibly the most absurd was, "If we have a crisis in August [as a result of not raising the debt ceiling], will you resign?" (video follows with transcript and commentary):