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Home Publications Blogs Beat the Press Power Breakfast: Right Wing Drivel Early In the Morning

Power Breakfast: Right Wing Drivel Early In the Morning

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Tuesday, 12 April 2011 04:36

WAMU, my local NPR affiliate, had an especially appalling segment of "Power Breakfast" this morning. The segment highlighted a congressional hearing on the topic of financial literacy and then commented on the obvious irony.

Of course there is no obvious irony to anyone who has ever learned any economics. The government's large deficit (presumably the source of Power Breakfast's "irony") is supporting the economy right now. This spending is needed because the collapse of the housing bubble created a gap of more than $1.2 trillion in annual demand in the economy. Anyone who thinks that the government should balance its budget right now wants to throw millions more people out of work.

Our Power Breakfast crew might not understand enough economics to realize this fact, but that does not change the truth of the matter. It is of course ironic that someone who knows nothing about economics can have a job reporting on it, while millions of people who can do their jobs are going unemployed.

Comments (7)Add Comment
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written by Jeffrey Stewart, April 12, 2011 5:26
NPR kind of makes the case for defunding NPR, doesn't it?
...
written by Michael Radosevich, April 12, 2011 8:04
The "Power Breakfast" segment never disappoints. It always tops itself in inanity and in desperately trying to curry favor with the extreme right wing.

And the cuteness! I love cute girls, no secret there. But cute & coy & cloying ignorance is a heady mix, and it just turns my stomach. "Power Breakfast" often makes it difficult to eat my own, humble breakfast.
...
written by Fed Up, April 12, 2011 12:06
"Of course there is no obvious irony to anyone who has ever learned any economics. The government's large deficit (presumably the source of Power Breakfast's "irony") is supporting the economy right now. This spending is needed because the collapse of the housing bubble created a gap of more than $1.2 trillion in annual demand in the economy. Anyone who thinks that the government should balance its budget right now wants to throw millions more people out of work."

No, you don't understand medium of exchange. I want more currency with no bond attached, less (preferably no) debt, balanced budgets at the various levels of gov't, and more retirees.
...
written by Fed Up, April 12, 2011 12:12
"Of course there is no obvious irony to anyone who has ever learned any economics."

That sounds like you mean savings of the private sector = dissavings of the gov't.

If so, that is not detailed enough. It should be:

savings of the rich = dissavings of the gov't plus dissavings of the lower and middle class
jeffrey Stewart
written by Union Member, April 12, 2011 4:53
No to defunding NPR or PBS. Public Radio and Public Television should be fully funded by the Government (as should election campaigns - with free television time for candidates) with the highest and strictest editorial standards.

NPR is a dark shadow of what it once was, and a banal joke of what it could be.
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Mr. Baker
written by Colin, April 14, 2011 12:27
What, in your opinion, are the good/educated/unbiased news sources? It seems you have lambasted almost all of the most accessible ones.

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About Beat the Press

Dean Baker is co-director of the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, his latest being The End of Loser Liberalism: Making Markets Progressive. Read more about Dean.

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