Media Bias: Eyes Wide Open

As an avid investor, it is required viewing to catch The Kudlow Report hosted by former Reagan budget official Larry Kudlow. Last evening, Larry had a discussion with former Obama economic council Jared Bernstein, who has zero credibility, and Douglas Holtz-Eakin, former McCain economic advisor, covering the student vote prospects for President Obama.

President Obama's schedule had him at The University of North Carolina-Chapel Hill to discuss student loans, whose interest rate is scheduled, due to a vote passed by the Democratic led Congress mind you, is set to increase this summer. Take listen to the exchange, and keep your eyes peeled on the video:




I remember, while listening to the Glenn Beck program some years back, a caller reported that CNN showed video which included him at a large anti-war protest that took place in downtown Atlanta. The caller was quite offended, not because he was on television, but because he, and the large crowd, were attendees at one of radio talk show host Neal Boortz's anti tax rallies. 

So, CNN wanted to make it look like there was a large group protesting the war, while the crowd was essentially a precursor to the Tea Party. Can you say media bias?

Kudlow is a Reagan man and a good conservative, and he does not control background video for CNBC. Perhaps, just rolling file video of Obama during a story is common practice? But, after several seconds of video of a small crowd (it was reported that a crowd of @9000 at Carmicheal Auditorium rather than the 22000 at the Dean Smith Center in 2008) during his visit to UNC, video of graduation from who knows when at Ohio State University, a much larger crowd with ceremonies held at The Horseshoe on the Allegheny, began rolling. Come again?

Was this an effort by those running the show at CNBC, which has been drifting hard left in recent years, to promote a larger crowd to the public for President Obama? What do you think?

What we do know is that the media is completely in tank for Obama, destroying any fiduciary responsibility they have in reporting the news without their hideous bias.

Take note and be advised.

Regulations Eroding Economic Lifeline: Credit

While many of our citizens remain unaware, a slow creep of regulatory instruments are eroding the lifeline of our economy; credit. If you are working hard to make ends meet and catch bits and pieces of newscasts from national and local news outlets in the mainstream media, you likely have no knowledge of how serious this issue is.

Rahm Emanuel, former Chief of Staff of President Obama said the administration should never let a crisis go to waste. They took advantage of the fear in the aftermath of the banking crisis to power grab much of your liberty when it comes to your finances, likely without your understanding of the "small print."

It has been three years since Lehman Brothers collapsed, and although many of the experts say Uncle Sams balance sheet is improved and the worst is behind us, I don't buy it. Neither does Home Depot founder Bernie Marcus, who joins Mary Thompson, David Faber and Joe Kernen for a frank discussion on CNBC's Sqauwk Box this morning. Take a listen:



The experts are almost always wrong. Discredited economist Paul Krugman and social economic pontificator Jared Bernstein coupled with comments such as "The housing crisis is contained" and "Pass the stimulus and unemployment will not exceed 8%" come to mind.

Bernie Marcus is not wrong, and listening to him will get you more saving, more doing.

With a new wave of foreclosures coming, property owners will be seeking opportunities for refinancing among banks, but the big banks are not able to extend the necessary credit due to strict regulations. These banks can borrow from the FED at zero and lend to the public at 5%, and a banker can have a fine career in banking doing that. But this lending is not taking place, and the alternative option of small banks is being crushed by Dodd-Frank, which quite simply is killing small banks. Regulations have wrecked the residential appraisal industry, spearheaded by The Architect of Ruin, Andrew Cuomo. These regualtions allow the government to pick winners and losers as well, which raises costs and handicaps the entrepreneur.

The markets have been up this week, and given all the horrendous economic news this week, such as an unexpected rise in jobless claims, inflation and sobering news on poverty, you may wonder why. Euro Tarp! You got it, the FED is essentially bailing out Europe, which can be equated to QE3, a new installment of quantitative easing on a global scale. A socialist European dream! Of Course, I am quite sure this will fix the problem with the PIGS? Well, it won't work!

The economy is in crisis, and we are far from out of the woods. Uncle Sam is a major event way from taking a substantial leg down, and the FED is short on tools to fight the problem due the poor crony capitalism decisions made under Obama and Bernanke. Could the crisis in Europe be such an event? If so, will global governance, all for our benefit no doubt, claim more of our liberty in creating a global banking system, which could lead to a dollar collapse?

The big banks continue to get bailed out while the small banks are being killed off by excessive regulation, crippling the credit line for consumers, who are on life support. Collusion between the administration and the FED is extremely alarming, contributing to the unnecessary extension of the economic crisis we are in.

All these goings on are the antithesis of what should be taking place, and strongly appear to be orchestrated. These are critically troubling times, and our country as we know it could hang in the balance. As I pray we make it to November 2012, we must hold our freedoms dear, protect our sovereignty and remember that free market capitalism is indeed the best path to prosperity.