SF GATE: S&P Blames GOP For U.S. Credit Problem, Associated Press, Politico Cover It Up

[FrenchieCat]

The media hard at work.....and why AP and Politico work hand in hand with the Republicans....
have for a long time, and probably always will.

Anyone that tells me that our media is about "entertainment" and "rating" and "advertisement" ain't got it right. The Media is about manipulating the political message so that folks won't understand shit!

I could slap those politico Reporters in the face, when I see them with their grins and beady eyes on television, yapping away all-knowing acting like they are real "reporters"!

The Standard & Poors' rating agency decision to reduce the United States' long term debt from AAA to AA+ was explained in a press release that specifically mentioned "the majority of Republicans in Congress continue to resist any measure that would raise revenues," should, itself, make headlines like "Standard And Poors Blames U.S. Credit Rating Reduction On Republicans."
But the fact is, some publications, most notable The Associated Press and Politico, are working (thus far) to cover up S&P's finger-pointing at Republicans. Instead, they appear to be pointing their own fingers at President Obama - someone not mentioned in the Standard and Poor's press release.

Take Jonathan Allen in Politico:

Standard & Poor's delivered an unambiguous message to investors Friday that has serious implications not only for the nation's economy but also for President Barack Obama, the tea party and anyone else with skin in the 2012 elections: America's political system is subprime.

That was how Allen started off his article. In it, there was zero mention of the two very damaging statements S&P used in its press release, and directly aimed at Republicans:

(actual S&P press release Text)

The outlook on the long-term rating is negative. As our downside alternate fiscal scenario illustrates, a higher public debt trajectory than we currently assume could lead us to lower the long-term rating again. On the other hand, as our upside scenario highlights, if the recommendations of the Congressional Joint Select Committee on Deficit Reduction--independently or coupled with other initiatives, such as the lapsing of the 2001 and 2003 tax cuts for high earners --lead to fiscal consolidation measures beyond the minimum mandated, and we believe they are likely to slow the deterioration of the government's debt dynamics, the long-term rating could stabilize at 'AA+'.
...Compared with previous projections, our revised base case scenario now assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act.

Read more, this time about AP's (yes the wire service that everyone uses) reporting bullshit here: http://www.sfgate.com/cgi-bin/blogs/abraham/detail?entry_id=94858#ixzz1ULz27xK3




Jonathan Allen, asshole hack of serious magnitude

[asjr]

1. I have felt for some time Politico

was formed for the very reason they pollute the media. Republicans back them. Republican money is still supplied to them. I will never consider them legitimate.

[Cosmocat]

2. This is all very Iraq warish ...

Has been since the HCR debate died down.

The right wing, with the "liberal media" carrying the message LOUD and CLEAR have been screaming about the deficit.

It is a problem and needs to be dealt with, but the magnitude of the importance NOW, being pushed so hard by the media, is very disproportionate. Just like ... all of the BS that drove us into Iraq.

The bottom line is not actually about deficit reduction, like anything else the republicans use as a political sledge hammer (abortion, gay marriage, they don't REALLY want these things to go away, they need them as political cards to play).

The goal - going after SS and Medicare.

Just VERY disheartening, VERY disheartending, that after the downgrade, which IS because of the republican party's intransigence, I mean it has not even been 24 hours, and they have the "liberal media" clamouring that it is all about "entitlements" that have not been addressed. Shiite that projects as a problem two decades from now, THAT is the reason our credit level was downgraded, right?

Oh, and republican women, you hear it a lot, how they just are not treated as fairly as liberal women ...

Man, with this kind of "liberal media" can you imagine what it would be like if it was a corporate media?

[FrenchieCat]

3. Quite frightening it is, when the media is more powerful than

they should be, and they lean right so extremely!

[Logical]

4. Why isn't the president talking about it frenchie? Afraid to piss off boehner?

[FrenchieCat]

5. It is very easy to ask someone else why they aren't doing what you could be doing, ain't it?

I'm bringing up this media issue......
and so what are you gonna do about it, or do you give a shit,
beyond being able to make shit statements like "why isn't the President talking about it....Afraid?"

See, your post is empty and shifts any and all responsibility over to the President, and nothing else. News is that he ain't our daddy....and media manipulation affects policies, and election outcomes...which in turn affects us all. So are you gonna do anything? Write a letter, make some call to media? or do you really give a fuck at all, or only give a fuck if you are able to point a finger at the President some more?

[Logical]

8. Obama has the pulpit whenever he wants to use it. He never uses it like I thought he would!

And it is very telling when you think I have more responsibility than Obama for getting the word out!

[FrenchieCat]

13. You obviously believe that your only responsibility is to shift responsibility about everything

to the President without further comments.

then what?

I believe that when it comes to my future and that of others that I insist I care so much about,
the impact of lies and omission by a media monopoly is something that I feel I have a responsibility to expose, and I don't so much care about what the President has to say about it, cause he ain't my Daddy....where every-micro-thing that happens has to be handed over to him, and my only job is to jawbone him about the fact that he's not talking about it. That's not even realistic. Geeze!

[Dr Fate]

12. DUers have the power to regulate or otherwise take on the media, not elected politicians.

But Obama WILL take on Murdoch and take him down. Obama will endorse the fairness doctrine or some other way to fight lies in the media. He will do this with or without all of the vast resources held by DUers.

Obma is powerless to counteract media lies (they just cut his mic when he tries), while Duers have all day to do it. I agree that we need to stop asking politicians to do all these things that DUers should be doing.

[FrenchieCat]

14. You sound quite powerless to me......

I'm sure that Civil Rights activist felt the same way, and formed out their complaints
to elected politicians while pissing on these politicians till all of their
grievances were addressed and solved for them. Yeah....I'm sure that was the ticket! :eyes:

[Dr Fate]

15. Wrong. I am more powerful than Obama himself. So are you and the other DUers.

We cant complain about Obama until we quit our jobs, cash out our 401Ks and march up and down the streets like the civil rights activists had to.

Presidents like Truman, Eisenhower, Kennedy or LBJ were powerless to do anything about civil rights- CR activists did not need their help and should not have expected it.

The only differecne is that we have to do it for every single issue, b/c the media censors Obama when he tries to address pretty much anything that liberals want.

Obama is POWERLESS to stop them from censoring him- he cant even mention that censorship against him occurs. As you have demonstrated time and time again, only DUers have the power to do that.

PO? Dont complain until you march.

BP oil spill? Dont complain until you march.

Tax cuts for the rich? Dont complain until you march.

War spending and a 3rd war? Dont complain until you march.

SS cuts? Dont complain until you march.

etc, etc, etc.

I'm with you Frenchie- if DUers did not march, protest, send letters, give money to DEMS, etc. for whatever it is they are complaining about, then they should not complain.

I tell this to swing voters and moderates all the time too- dont complain about Obama until you march or start a letter campaign, etc. in support of what you want.

Even if you DO all those things and you still dont get what you want, the complaints are still unwarratned, b/c Obama does not have as much power as marching, letter writing DUers.

[FrenchieCat]

16. Your sarcasm will only get you so far.....

While you are good at it, it doesn't do anything constructive
to further your aim.

[Dr Fate]

17. If I can convince just one DUer that they hold more power & influence than Obama...

...could ever dream of wielding, then I have indeed furthered our aims.

[FrenchieCat]

18. Ok.

:sarcasm:

[Dr Fate]

19. So long as we agree that all of Obama's failures are the GOP/Liberal Media/lazy left's fault.

Nt

[Dawson Leery]

6. Politico was given a large presence in the media as soon as

they came into existence. Politico exists to promote the right wing view.

[DrToast]

7. I wish Obama would have mentioned it, too.*

*

[Dr Fate]

11. If he did, the media would just censor him or cut his mics like they always do.

So he fools them by never giving them the chance.

[BklnDem75]

9. By the look at some of the comments so far...

AP and Politico aren't the only ones.

[Dr Fate]

10. This is why Obama, his DOJ & the elected DEMS are going to take down Murdoch.

Elected DEMS are tired of seeing DEMS use the media as an excuse for their failures, so they are going to DO something about it- they are going to investigate Murdoch and take down FOX- maybe even send him to jail.

My guess is that the far left wont support this effort either.

Dont worry about the S&P misinfo- a squadron of house name DEMS plan on going all the shows tonight and every night this week in order to set the record straight- the only problem is that Wolf Blitzer or some other member of the professional left/GOP might cut their mics.