CNN: Stupid or biased? Defends stimulus bill.

With support of the stimulus bill waning even further (Half of America believes bill will worsen the situation), I was surprised to see CNN's headline story today in the money section defending this package.

The title: Out of work? Stimulus bill will help

A few lines are mentioned regarding the intended job creation, but no explanation or details. Instead the article breaks down several key points of the bill and how it will help those that are unemployed. I was expecting to see a list of potential jobs or industries, but instead we are greeted with the following.

Bigger checks:
Those that are unemployed get more money. About $25 a week more.

Extended benefits:
Those that are unemployed get more money for a longer period of time.

Expanding coverage:
Billions go to individual states to expand the definition of who is eligible for bigger checks + extended benefits. Don't forget 500 million in administrative costs (btw, about 41 states asked for help, which means about 20 billion in administrative costs alone if this goes through.)

Subsidized access to health insurance:
Longer health insurance coverage under COBRA

Assistance for states:
Suspending interest for those states loaning from the federal government.

So this is what the article covers and I am sure they are proud as all hell to be featuring this litany of handouts under the pretext of a STIMULUS bill! The article then finishes off with this beauty.

"..executive director of the National Employment Law Project.
On top of that, it will help stimulate the economy, since most people receiving unemployment benefits spend the money quickly, economist said."


CNN has been shilling for Obama since their first encounter, that much was clear. Even now they are continuing to defend his proposals in the face of obvious discontent. The majority of Americans have already realized that they are being taken for a fool and now half believe this bill will not only fail to stimulate, but will the opposite effect! This is a profound realization and an equally profound statement. Senators should be throwing out this piece of junk and starting over, instead they are proposing amendments by the 100s in order to bring just enough individuals over to pass this heap 'o crap. CNN is doing everything they can to defend the president and in the words of Chris Matthews have taken it upon themselves to make this presidency work. CNN's highliting of Keynesian economics, despite it's historic failure is equally transparent and pathetic.