Showing posts with label budget. Show all posts
Showing posts with label budget. Show all posts

Sunday, May 22, 2011

Tough Minded Hope and Faith from Rev. Ron Elving

If you've ever wondered why - when it comes to economic issues - NPR's content almost always echoes the Washington Consensus favoring the wealthy and privileged, you need look no further than Ron Elving, "the senior Washington editor for NPR News, where he directs coverage of the capitol and of national politics."

On Weekend Edition Sunday I was listening to Liane Hansen discuss what she called "twin burdens of the federal deficit and debt" with Ron Elving when I heard him make a remarkable statement. Hansen has just asked him, "And what about the other group, the senators who had a bipartisan group looking into what, a long term global deal on the deficit...?" To which Elving replied:
"Yes and a lot of us were holding out a good deal of hope and faith in that group, but this week the so-called "Gang of Six"...suffered a major blow, a perhaps crippling blow. They lost one of their members, Tom Coburn of Oklahoma."
It is truly a remarkable statement. Notice that Elving didn't say "a lot of people" or "many politicians" etc., but included himself in the congregation of those who held out "hope and faith" in this senatorial "Gang of Six."

Well, that got me wondering just what is the take on "this small group of senators [that] has spent four months in dozens of secretive meetings" on budget issues. No surprise: the group is not progressive and not interested in representing the poor or lower middle classes; its range of "acceptable" options for the budget lies somewhere between Paul Ryan's extreme-right gutting entitlements and Obama's center-right hopey-changey death by a thousand cuts for entitlements.

Amazingly, Reverend Hope and Faith Elving isn't done preaching his articles of faith. Speaking of Paul Ryan's intellectually vacuous rip-off-for-the-rich budget plan (which NPR blessed as inspired long before it landed fresh and steaming on the House floor), Ron Elving says "what Paul Ryan has done,...come forward with something tough-minded, something politically unpopular..."

Lastly, when Liane Hansen asks Elving if he sees any hope on the horizon for the budget, he shows where his treasure lies:
"This week on Wednesday, there is a public event in town sponsored by the Peter Peterson Foundation - this is an anti-deficit outfit, private informal group. And it is billed as the Fiscal Summit 2011. It will bring together the remaining Gang of Five from the Senate, and also Paul Ryan - the man from the House - and also former President, Bill Clinton..."
There you have NPR's senior editor giving his endorsement to a conference organized by the Slash-Entitlements-for-the-Benefit-of-Billionaires Institute (aka Peter Peterson Institute - whose success shaping NPR (and mainstream media) coverage of the deficit "crisis" I've posted on before.

Of course listening to NPR, you would NEVER know about the People's Budget from the Congressional Progressive Caucus. Something that actually represents the polled opinions of the people Congress is supposed to represent, is workable, and threatens the the most wealthy and privileged in Rev. Elving's congregation is simply heresy for NPR. Don't believe it? Check out NPR for the proof. Search NPR's on-air content for the following and see what you get:
Amen! Church dismissed...

Sunday, February 27, 2011

RheePulsive, RheePugnant, and Rheevolting

Mouth-taping, achievement-exaggerating, bullying, arrogant, and downright dishonest darling of education "reform" Michele Rhee will probably be on NPR a lot more in the future now that she's started her own "advocacy"/lobbying organization called Students First. Who can resist someone who loves children so much that she's willing to attack teachers to prove it? Amazingly Oprah loves her, while Diane Ravitch (who once peddled Bush's No Child Left Behind snake oil) doesn't.

But if you're someone who ignores policies that drastically benefit the wealthy and increase poverty (which is the single greatest factor in ruining the educational opportunities for EVERY child) and instead focus on destroying the rights of job security won by unionized educators, then NPR has lots of airtime for you. In fact this past week Michelle Rhee was the NPR star on Wednesday's ATC and Saturday's ATC. Hey, if you can't beat 'em, join em: l

Tales from the Slick Adventures of Students-First Lady







Friday, April 24, 2009

Planet Money counts to a TRILLION!

I'm sure that readers of this blog don't need me to point out how increasingly vacuous and self-indulgent NPR's Planet Money has become, but the latest installment on this Friday's ME was particularly pointless and lame.

Channa Joffe-Walt and David Kestenbaum set out to provide some perspective for understanding the scale of the recent federal bailouts of financial institutions. However, to do this they decided to recreate a 5th grade math exercise. They considered how long it would take to count to 165 million (the AIG executive bonuses), 45 billion (Bank of America's bailout so far), and 1.2 trillion (total estimated federal bailouts of banks so far). The exciting answer: It takes approximatley 39,000 years to count to 1.2 trillion.

Remarkably, ME gave them five LONG minutes for this. It was infuriating after a long week of severely deficient coverage of actual financial news, such as the superficial coverage ATC gave to credit card legislation, or the 40 seconds ME spent pararaphrasing a New York Times article on the looming Chrysler bankruptcy.

The sad thing is that it actually might have been helpful to provide some real context for the scale of the federal bailouts. However, rather than counting to 1.2 trillion, it would be much more useful to place the bailout figures into contexts that matter, such as comparing the AIG bonuses to the median U.S. household income ($50.2 K in 2007); comparing the $45 B to BOA's ownership equity ($146 B); or comparing the $1.2 T in bailout funds to the U.S GDP ($14.3 T) or the annual U.S. federal spending (approximately $3 T).

Still not exciting, to be sure, but perhaps a little more meaningful than counting for 39,000 years.