Posted on 02/07/2009 7:44:10 AM PST by governsleastgovernsbest
Yesterday, The Cable Game blog speculated that GE CEO Jeff Immelt might be trading positive coverage of the Obama administration on NBC, MSNBC and CNBC for financial goodies like the $139 billion debt guarantee that the federal government has extended to GE Capital [h/t TS].
This morning, we saw an example of the kind of coverage The Cable Game presumably had in mind. Appearing on Today, Carl Quintanilla of CNBC essentially vouched for the Obama stimulus bill, claiming that if passed, “the wheels of commerce will start to turn again.”
View video.
(Excerpt) Read more at finkelblog.com ...
Wheels of commerce for condom makers?
Quintanilla of CNBC vouches for Obama stimulus ping to Today show list.
He’s a journalist with zero business experience. He has no clue. From Wikipedia:
“From 1991 to 1993, Quintanilla was a reporter/columnist for Boulder Daily Camera in Boulder, Colorado, and prior to that, he spent a summer as an editorial assistant for National Public Radio in Washington D.C. From 1994 to 1999, Quintanilla served as staff reporter for The Wall Street Journal where he wrote full-time for the paper’s Chicago bureau covering airlines, manufacturing and economic issues. He also wrote a weekly column on workplace issues and on-the-job trends for the Journal’s Page One. From 1999 to 2002 he served as correspondent for several CNBC programs including Business Center. Prior to joining NBC, Quintanilla served as co-anchor for CNBC’s early-morning program, Wake Up Call.”
“Quintanilla was assigned to cover the 2006 Israel-Lebanon Conflict. In 2007, Quintanilla traveled to China to cover McDonald’s efforts in the country for CNBCs documentary Big Mac: Inside the McDonald’s Empire.”
Pay-to-play...
Was it that bald headed government ringer?
Post of the day!
At some point (and it is already starting), many citizens will be led to understand what the mother of one those killed on the Cole said this week...
"I voted for Obama but am beginning to realize that ,may have been a mistake."
Well...duh!
Obama promised absolute fundamnetal change for America and his 2001 NPR interview aired before election day where he openly sopke of wealth redistribution...so it was clear that he meant far more than an accellerated withdrawal time table from Iraq (which, thank God, Prsident BUsh had already won before this man took power).
Obama openly promised to side with the Islamics if the winds of public opinion blew against them. Obama promised to negotiate unconditionally with the abject, openly avowed enemies of this nation. Obama promised to undo all that Bush had done on abortion restriction and make the FOCA (Frredom of Choice Act - which will remove virtually all federal restrictions on abortion for the entire pregnancy), Obama promised to restore federal funding for international abortions, Obama promised to work with congress and pass through more gun restrictions (AWB, TAx on Ammo, etc.).
Now he is going about doing all of that, very quickly, and more.
We must stand as citizens against this rampant and blatant move towards marxism and unmittigated disaster in our nation. We must calmly go about educating others using reason, level headedness and common sense, we must build a spine in all GOP senators particularly so that they will absolutely fear, immediately for their political lives, we must establish a strong beach head in 2010 to stem and contain the damage, and thenn march on to total victory in 2012.
EVERYONE PLEASE WRITE YOUR GOP SENATORS TODAY!
FIGHT THE FREEDOM OF CHOICE ACT
IT'S TIME FOR A RETURN TO THE OLD SCHOOL
THE AUDACITY OF TRUTH ABOUT BARACK HUSSEIN OBAMA
BARACK HUSSEIN OBAMA IN HIS OWN WORDS
THE AUDACITY OF TRUTH ABOUT BARACK HUSSEIN OBAMA'S UPBRINGING
Oh well, Americans are gonna see what a bunch of liars they are soon enough!
we’ll soon see, won’t we??
...I think the wheels are beginning to rust to the rail.
I think that the wheels will fall off when the cuts to
the military spending kick in. Lots of high paid workers
are engaged in the defense industry of this country.
Japan , facing a similar cisis fom 1992 to 2002, tried the same remedy. It did not work. They proved that the Milton Friedman mmodel of economic recovery is worth bumpkiss.
The Japanese went from 20 national banks to 5 over a period of 10 years AND THAT WAS IN A PERIOD WHEN THERE WAS A VIABLE INTERNATIONAL ECONOMY, UNLIKE TODAY.
( sorry for yelling)
What we need is increased investor confidence so that that sequestered capital that has left the economy comes back in the form of investment. This stimulus will have the effect of scaring investors away....likely for good.
No one will invest in the USSA. They will invest in economically freer nations such as Canada, Brazil, and Japan.
These Socialist progues are ideologues bent on creating a nationalist socialist state, They are fascists in conduct, as Jonah Goldberg has written( Liberal Fascism book).
Just as happened in Germany and Italy in the 1930s, they cannot create such a state without destroying Americas conservative right, utterly.
This is the true task Obama is about, and he will use the economy to destroy the right.
Will we fight him, or lay down?
“Mark to market” may be gone soon, but it won’t be forgotten. Mortaged backed securities won’t be an investible product for a long time for anyone who was burned this time.
Getting rid of mark to market accounting won’t solve their problem, which is that they are going to have to shred and burn the dollar to get out of this mess.
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