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. Hill piece, touted by Drudge, advanced Gregg's false comparison between "debt levels" of U.S., EU membersA blog post at The Hill -- linked to by the Drudge Report -- reported that Sen. Judd Gregg argued President Obama's budget would lead to a higher national debt and annual deficits than the EU allows its member states. But The Hill did not mention that the U.S. national debt had already exceeded the EU threshold before Obama even took office, that some EU member states currently have deficits or national debts that exceed EU threshold levels, or that EU rules governing deficits include exemptions for circumstances such as "a severe economic downturn." Read More CNN's Keilar, caption falsely claimed Geithner's financial takeover request was "unprecedented"CNN correspondent Brianna Keilar, along with several other CNN correspondents and hosts and instances of CNN on-screen text, described Timothy Geithner's proposal for Congress to pass legislation allowing the federal government to take over failing nonbank financial institutions as "unprecedented." In fact, former Treasury Secretary Hank Paulson and FDIC chairman Sheila Bair -- both Bush appointees -- stated in 2008 that the federal government needed and should have such power. Read More |