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Friday, March 20, 2009

Congressman Danny K. Davis Business Cluster Meeting




Congressman

 

Danny K. Davis

 

7th District of Illinois





Business Cluster

Advisory Committee Meeting

The next scheduled monthly meeting is:

Friday, March 27, 2009, at 10:00 a.m.

Speakers include:

□       Gyata Kimmons, Director, Community Relations, Chicago2016 Olympics

□       Velicia D. Woods, U.S. Department of Commerce, Minority Business Development Agency (MBDA)

□       Representative from the City of Chicago to discuss the City's Economic Stimulus Plans

at the office of

Congressman Danny K. Davis, 

3333 W. Arthington, Chicago, IL

For additional information, please RSVP to Tumia Romero, Deputy Chief of Staff, at 773-533-7520 or tumia.romero@mail.house.gov.

Media Matters Week-in-Review




Media Matters for America March 20, 2009
Media Matters Week-in-Review
Special Note: If you are looking for Jamison Foser's weekly column, you can view this week's installment here or sign-up to receive them by email here.
Weekly Wrap-Up Video
  • Weekly Wrap-Up for Friday, March 20, 2009 (Watch Video)
This Week's Top Stories
AIG Bonus Controversy Dominates Media
  • As if news that AIG was handing out bonuses to executives despite having been bailed out by the Federal government wasn't bad enough, reports on the controversy this week only made matters worse. You'd think President Bush had no blame for the situation if you read reports in publications like Politico, USA Today or the Los Angeles Times -- all of which omitted any mention of the Bush Treasury Department's work with the Federal Reserve in carrying out last year's bailouts and bought AIG stock notwithstanding the existence of these bonus contracts. Worse yet, in reporting on emails obtained by Fox Business Network, Fox News' Jon Scott at no point noted that the emails implicate the Bush administration in approving a $40 billion bailout for AIG without requiring AIG to nullify its employee bonus contracts. Additionally, conservative leader Rush Limbaugh and a host of other right-wing media players ratcheted up the rhetoric standing up for AIG against what they described as "mob rule" while also falsely claiming that no Republican voted for the TARP bailout or the bonuses. Others in the press corps falsely asserted that President Obama's recovery bill required the bonuses "to stay in place."

Jim Cramer vs. Jon Stewart, Round 2?

  • Think the dust-up between Jon Stewart, host of Comedy Central's The Daily Show, and CNBC's Jim Cramer ended with Cramer's appearance on Stewart's show? Guess again. After acknowledging that CNBC's reporting deserved criticism during his interview with Stewart last week, Cramer appeared on NBC's Today show this week saying of Stewart that "it was a naïve and misleading thing to attack the media" for their coverage of the economic recession. (Read More)
Death of Obama's Media "Honeymoon" Cliché Lives On

  • This week, a Media Matters study found that since the day after President Obama's inauguration, broadcast and cable news figures have been declaring that Obama's "honeymoon" is "over" or questioning whether it is, in fact, over, rendering the cliché all but meaningless. Of course that hasn't stopped them from repeating it time and again. (Read More)
Action of the Week
Tell CNBC the Economy Isn't a Game: CNBC should publicly declare a drastic change of direction, committing to responsible journalism in an effort to hold Wall Street accountable. As a first step, it should bring new economic voices on the air with a focus on those who were right about this crisis in the first place. The stakes are too high for CNBC to continue acting as the unofficial mouthpiece of Wall Street. This is not a game. Together we can bring about the much-needed change we seek. That is why it is so important that you sign this petition today and then encourage your friends, family and co-workers to do the same.
This Week's Media Columns
Eric Boehlert: Rampage Nation: The press no longer cares about epic gun violence

Last week, two breaking news events competed for attention from the national media. Disgraced financier Bernard Madoff's guilty plea was pitted against a deranged 28-year-old, who armed with a pair of military-style assault weapons went on a killing spree. Which do you think garnered wall-to-wall media attention? (Read More)
   
Jamison Foser: Tucker Carlson's Jerk Store

Tucker Carlson has been doing his best impersonation of Seinfeld's George Costanza ("the Jerk Store called, and they're running out of you!") for the past week, as he lashes out again and again at Jon Stewart, who humiliated Carlson on national television more than four years ago. (Read More)
   
Karl Frisch: An AIG of conservative enlightenment? Hardly.

Angry at AIG for handing out executive bonuses to the very people who helped sink the company in the first place? Well, if conservative leader Rush Limbaugh is to be believed, you're now part of an angry "lynch mob" ginned up by the Obama administration. (Read More)
Radio Active: The Week in Conservative Talk Radio
In Case You Missed It...
  • Associated Press Liberal media watchdog begins anti-CNBC drive: Spearheaded by the new Progressive Change Campaign Committee and supported by the watchdog Media Matters and others, the group is asking CNBC to hire economic voices with a track record of being right on the current economic crisis, and do more to hold business leaders accountable. "You screwed up badly," the petition, posted online Monday, reads. "Don't apologize. Fix it." (Read More)
  • Media Matters president Burns on MSNBC's Countdown: On Thursday, March 19, MSNBC's Countdown with Keith Olbermann hosted Media Matters president Eric Burns for a discussion on issues ranging from Bill O'Reilly's preoccupation his progressive critics to recent unfounded attacks on progressives by conservatives in the media. The appearance was part of Olbermann's "left-wing smear merchants week." (Watch Video)
  • What Honeymoon? Have you noticed how the press has been trumpeting the end of President Obama's "honeymoon" nearly every day since he took office? Talk about a prolonged annulment. We're not even sure they ever made it to the alter in the first place as this great new video illustrates. If the last two months are the media's idea of a honeymoon, all we have to say is good riddance. (Watch Video)
Three Things You May Not Know About Media Matters
1) Limbaugh Wire: We listen to Rush Limbaugh's radio show so you don't have to! Sign up to receive an hour-by-hour summary of The Rush Limbaugh Show including humorous highlights. (Monday-Friday three emails daily) or check them out online.
2) Media Matters Minute: For months now, radio shows and stations throughout the country have been carrying the Media Matters Minute, a daily minute-long recap of our work topped off with the "most outrageous comment" of the day. We encourage you to subscribe (iTunes / RSS) to the Minute's daily podcast hosted by Ben Fishel.
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Media Matters Daily Summary




Media Matters for America
Here are today's news items from Media Matters for America, click on the title or 'read more' to read the entirety of each story.
NBC, ABC, Fox News advance false GOP accusation that recovery bill created right for AIG to pay bonuses
Discussing the House vote to levy a 90-percent tax on executive bonuses, NBC, ABC, and Fox News all advanced the false Republican allegation that by passing the recovery bill, Democrats created the right for AIG to pay bonuses. In fact, the bill did not create the right for AIG -- or any company -- to pay bonuses; rather, it restricted the ability of companies receiving TARP money to award bonuses in the future. Read More
Media crop Krzyzewski's comments on Obama's NCAA picks, leaving out his praise of Obama
On Special Report, Bret Baier stated: "Following news Mr. Obama picked North Carolina to win the NCAA championship, rival coach [Mike] Krzyzewski responded: 'Somebody said that we're not in President Obama's Final Four, and as much as I respect what he's doing, really, the economy is something that he should focus on, probably more than the brackets.' " But Baier -- and other media figures -- did not report Krzyzewski's following comment in which he praised Obama, saying in part, "I love the guy, and I think he's gonna be great." Read More
Fox News buries significance of its own scoop implicating Bush administration on AIG bonuses
In reporting on emails obtained by Fox Business Network revealing discussions involving the Treasury Department about AIG bonuses, Fox News' Jon Scott at no point noted that the emails implicate the Bush administration in approving a $40 billion bailout for AIG without requiring AIG to nullify its employee bonus contracts. Read More
Fox's Gallagher suggested Obama speech caused Dow to drop -- but Fox's own graphics show absurdity of suggestion
On The Live Desk, Trace Gallagher cherry-picked numbers from the Dow Jones industrial average to suggest that President Obama's address to the National Conference of State Legislatures had caused the Dow to drop. But according to information posted on-screen on Fox News, the Dow actually went up slightly during Obama's speech. Read More
Major media outlets yet to report IG testimony implicating Bush administration in AIG bonuses
Despite jumping on -- and in some cases advancing -- false Republican claims that congressional Democrats are responsible for AIG executive bonuses, major media outlets have yet to report that a Bush-appointed special inspector general for TARP confirmed in congressional testimony that the Bush administration Treasury Department knew about the AIG bonus contracts and did not insist on their abrogation as a condition of AIG's receiving bailout money. Read More
You can help support our work; become a volunteer media monitor, or donate to Media Matters for America.
 



National Republican Senatorial Committee
Dear Republican Friend,
Unimaginable greed.
Those two words are what we've seen over the past few days as we learn more about the $165 million in bonuses offered to AIG executives.
My constituents in Texas have been calling my office all week asking "what's going on up there?"
The answer is two other words: liberal Democrats.
They're the ones who are in charge and approved the money for the AIG bailout.  And a couple of weeks ago when conservatives and moderates began asking questions, we were told - in not so many words - to mind our own business.
Well, the taxpayer's money is our business.
Frankly, it's unthinkable to me that a company American taxpayers bailed out would hand out bonuses to their executives.  Where I come from - and pretty much everywhere except Washington, D.C. - you pay people to succeed - not to fail.
But Harry Reid, Chris Dodd and the liberals who control the White House and Congress have received thousands in campaign contributions from AIG and other Big Money interests.  In fact, since 1989, Dodd himself has received over $281,000 - making him the largest recipient of AIG contributions in the Senate.  And he and others don't want to bite the hand that feeds them.
We're hoping to generate over 100,000 signatures on our petition.  And once we have them, we will deliver them directly to Harry Reid's office to show that hardworking Americans like you think it's high time to Take Back The Bonuses.
Please take a minute to sign the NRSC's petition right now.  Then help the NRSC fight to reestablish a conservative majority in Congress to prevent this type of embarrassing situation in the future.
Americans have seen what "change" means to them.  More spending, higher taxes, and bonuses paid to greedy bankers and insurance companies for wrecking our economy.
I've had enough, and I think you probably have too.
Please take a moment to join me in working to Take Back The Bonuses by signing the NRSC's petition and making a contribution right now.  Thanks.
Thanks again for your support,
John Cornyn
Senator John Cornyn
Chairman
National Republican Senatorial Committee
P.S. Chris Dodd was the single largest recipient of money from AIG in the last 19 years, receiving over $281,000.  They knew they needed to buy a few favors, and they also knew Dodd would scratch their back when the time came.  It's time we demand our money back and send a message to Chris Dodd and other liberal Democrats who spend our money like it's water.  Sign our petition to take back the bonuses and make a secure online contribution of $5 or more right now.  Thanks again.

Paid for by the National Republican Senatorial Committee
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www.nrsc.org

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Congressman Danny K. Davis's Business Cluster Meeting









Congressman Danny K. Davis

7th District of Illinois

Business Cluster

Advisory Committee Meeting

The next scheduled monthly meeting is:

Friday, March 27, 2009, at 10:00 a.m.

Speakers include:

□       Gyata Kimmons, Director, Community Relations, Chicago2016 Olympics

□       Velicia D. Woods, U.S. Department of Commerce, Minority Business Development Agency (MBDA)

□       Representative from the City of Chicago to discuss the City's Economic Stimulus Plans

at the office of

Congressman Danny K. Davis, 

3333 W. Arthington, Chicago, IL

For additional information, please RSVP to Tumia Romero, Deputy Chief of Staff, at 773-533-7520 or tumia.romero@mail.house.gov.

ABC7 eNews




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Top Stories

Friday, March 20, 2009


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There is a fire burning at the Empress Casino in Joliet. An official at Joliet's city hall said the fire started as a part of the ongoing construction improvements that were taking place at the casino.

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CPS students design shoes for Kobe Bryant
On Saturday, during the Bulls-Lakers game, basketball player Kobe Bryant will be wearing sneakers designed by some Chicago Public Schools students.

4 critically hurt in Loop crash
Four people are critically injured after a crash in the Loop overnight. It happened around 1:30 a.m. Friday near the intersection of Franklin and Madison.

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Obama apologizes for Special Olympics gaffe Appearing on "The Tonight Show," the president told host Jay Leno he'd been practicing at the White House's bowling alley but wasn't happy with his score of 129. The he rolled a gutter ball by quipping: "It was like the Special Olympics or something."



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Media Matters Daily Summary




Media Matters for America
Here are today's news items from Media Matters for America, click on the title or 'read more' to read the entirety of each story.
On MSNBC, Tucker Carlson rewrote history to blame Frank for mortgage crisis
Tucker Carlson claimed that the mortgage crisis "emanated from Fannie Mae and Freddie Mac," and asserted that one of the "reasons this crisis began ... was federal pressure to increase homeownership, and Barney Frank was in an oversight position during that process and didn't do a lot to stop it." In fact, Frank did not become chairman of the House Financial Services Committee until 2007, and it was not until Democrats gained a majority in Congress that legislation strengthening oversight of Fannie and Freddie passed. Read More
Limbaugh defense of AIG bonuses follows attacks on "insane benefits" of UAW sending Big Three "down the tubes"
Rush Limbaugh has repeatedly defended AIG from criticism of its employee retention bonuses; by contrast, he criticized the UAW in December 2008 for the contracts it had negotiated with automakers. Limbaugh stated: "[T]he Big Three are going down the tubes in part because of both the insane benefits for current workers, and the crazy compensation for retirees." He also said: "You can't pay people who produce nothing for you. And you can't pay a whole bunch of them over and over again who don't do anything, even if they have in the past." Read More
Fox's Hemmer did not challenge Inhofe's assertion that Obama cap-and-trade proposal is "the most regressive tax that you can have"
On America's Newsroom, Bill Hemmer did not challenge Sen. James Inhofe's claim that President Obama's proposal to cap annual carbon emissions and auction the right to pollute is "the most regressive tax that you can have, because ... someone who is very poor spends a very high percentage of his or her income on ... energy that they have to buy." Hemmer did not point out that, in proposing a cap-and-trade program in his budget outline, Obama addressed the issue of higher energy costs impacting consumers differently by proposing to return "[t]he balance of the auction revenues ... to the people, especially vulnerable families, communities, and businesses." Read More
After admitting culpability during Daily Show interview, Cramer now calls Stewart's criticism of CNBC "naïve and misleading"
On Today, Jim Cramer asserted of Daily Show host Jon Stewart that "it was a naïve and misleading thing to attack the media" for their coverage of the economic recession, just one week after acknowledging that CNBC's reporting deserved criticism during an appearance on The Daily Show. Read More
Fox News promo falsely claimed Obama "pushes a plan" requiring vets to pay for health insurance
Fox News aired a promotion for a broadcast of Hannity that falsely claimed: "[President] Obama pushes a plan that could force vets to pay through the roof for health coverage." In fact, the White House has stated it does not support a provision previously under consideration that would have billed military veterans' private insurance companies for treatment of their combat-related injuries performed at Veterans Administration hospitals. Read More
Fox News' Bream uncritically repeats conservative claim Obama judicial nominee "has ties" to ACORN
Fox News reporter Shannon Bream said regarding appeals court nominee David Hamilton: "Critics say Hamilton has ties to the liberal activist group ACORN." Bream did not note that Hamilton's "ties" reportedly consist of "raising contributions door-to-door for the advocacy group ACORN for one month after college" in 1979. Read More
"This is what's happening to our money": CNBC's Kudlow lights dollar bill on fire
On CNBC's The Call, while purporting to describe "the value of our money," Larry Kudlow lit a U.S. dollar bill on fire, destroying part of the bill -- a possible violation of Title 18, Section 333, of the U.S. Code. Read More
Hannity falsely asserted Dems "voted for those bonuses," while GOP "did not"
On his radio show, Sean Hannity falsely claimed, "Every single Senate Democrat voted for those [AIG] bonuses. Every -- almost every Democrat in the House voted for those, because they voted for the stimulus bill. And by the way, Republicans did not." In fact, the economic recovery act did not require that AIG pay bonuses; rather, it restricted the ability of companies receiving money from the Troubled Asset Relief Program to award bonuses in the future. Read More
You can help support our work; become a volunteer media monitor, or donate to Media Matters for America.
 

Obama asks patience, guarantees better days ahead

Obama asks patience, guarantees better days ahead:

"Obama looked every bit the campaigner as he sometimes mocked his GOP critics, and sometimes asked people to forgive his shortcomings. In general, his demeanor and message were more upbeat than in recent days when public fury over executive bonuses dominated Congress."