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Contentious Deal, Contentious Coverage

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    Where did the media stand on debt crisis?

  • Duration 7:13
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Despite this bipartisan support for the deal.

-- a deal nobody wants to take credit for -- there wasn't much joy today in Washington either over that deficit compromise that no one seems to love.

The showdown over the debt ceiling has been averted but the fight over that national debt and the deficit has only just begun.

The -- deal dominating news coverage on Tuesday after President Obama signed the bill into law after months of.

He would negotiations.

And Jim let me start with you because leading up to the deal.

-- the media seem like everybody was on the same page that they wanted this deal to get done they wanted the president to have a bill to sign many signs it.

And the story is little bit different -- it.

What -- almost think that the media were dancing to the tune of Wall Street like make sure we get paid off.

-- to the debt ceiling and plus China and then who cares about the economy.

And then -- we wake up the next and realize that this debt ceiling thing and did nothing to alleviate the economic crisis are facing the media are now only catching up that -- Jake Tapper.

Asking afterwards asking Jay Carney that in the White House will look the president walk and chew gum at the same time -- sort of a question now.

As a meteor at a turning on a -- it.

A Judy then that the deal gets done and and then these are some of the headlines.

In some of the major papers across the country spending cuts could further weaken the economy.

Deal risked undermining fragile growth deal offers little to boost the economy and these were headlines that we heard in the broadcast media as well.

-- which is.

Well the Paul Krugman message is finally gotten through people understand that we're in a recession.

And they can economic unemployment numbers were -- and they were slightly better but not.

-- -- And people are frightened and that I think the market reaction had a huge.

Impact on the media coverage and -- people are waking up to what happens.

In an economy -- as fragile as ours when you threaten to cut spending it.

I wanna get to the market reaction in a minute but first let's talk about some of this name calling.

And we heard in the intro here you know the terrorists lines Allen.

Strapped with bombs in the capitol and that's a little.

We've heard that were incendiary rhetoric you know party -- maps on targets -- load.

You know we hear that on both sides all of a sudden when liberals do it it seems like only other conclusion with a liberal media.

But we've heard all kinds of violent rhetoric certainly from the right.

Propagated in the media free for years and years and years so.

Yeah I mean it it's just rhetoric its metaphorical it's not real and both sides I realize.

-- -- -- -- -- Target you know I'll get I'll give you a chance to resign.

So Maureen Dowd who is a columnist for the new York times of course and this is what she had to say.

In the Paper this week about Tea Party Republicans.

She writes they were like cannibals eating their own party and leader is alive they were like vampires draining the country's reputation credit rating.

And compassion.

And they were like zombies relentlessly and mindlessly.

Coming back again and again to assault their unnerved victims Boehner and President Obama they were like the metallic.

Beasts in the movie aliens watching thousand -- Inside other mouths and T bursting out of banners helmet every time He came to.

Do OK let me stop.

-- -- -- -- The -- right I think.

Very entertaining but what do you think -- well what's so galling -- about this is in January when you had a horrific shooting of a congresswoman by and -- mad men and lunatic.

He had all these same liberal journalist saying it was the fault of Tea Party rhetoric because Sarah Palin you know put -- -- -- On a map that was responsible for this -- -- have them all turning around in this deal and using.

You know the language of terrorism and strapping bombs to the capital so at the very least it's a -- -- extreme it's also.

Utterly detached from what actually happened.

That He had 88%.

Herself house Republicans voting for this deal the freshman a majority of them voted for the deal.

The majority of the conservative caucus within the Republican caucus voted through this deal so what it was it was negotiating all along and to get anything done in Washington you get right up against the deadline.

That's just negotiating and I want -- -- rich -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Judy what about Gabby Giffords and the coverage of her surprise appearance.

While on the floor she returned to Washington for the first time.

Since that terrible attack in Tucson what about the coverage of her appearance -- Well I think it was predictable this was a need for television moment it was -- good news story.

Everybody is we can see from the discussion around this table was looking for something they could agree on what I've been agreed on and it turned out to -- -- difference.

OK so let me ask you let me ask you all about this because we have seen in the market drop.

Precipitously there was a major nose -- on Thursday.

Seems -- perhaps -- they'll recover a little bit as we head towards the end of the of the trading week but it Robert Reich former Clinton cabinet member writing in the Huffington Post.

Try to blame Republicans for what the market was doing writing John Boehner and his colleagues.

Should be willing to take responsibility for some 450 points.

Of Thursday's mammoth 513 point drop in the Dow Jones Industrial Average she claimed He was being facetious rich but all the a little.

-- -- -- if that there had a minute deal and you would have seen exactly the same.

The market drop it all would've been blamed on Republicans for not going along.

With a deal this drop is that it's the responsibility of broader market conditions and the idea by the way going to these headlines about how bad -- -- for the economy.

That -- cut twenty billion dollars just off the projected baseline spending in the next fiscal year and that's gonna.

Be a horrific effect on a fourteen trillion dollar economy as -- sir.

And inner city and 90% of when He won so within if you got another 2% that means a markets -- 2% more down.

Well I mean thank god -- only got -- -- what's what is going on that it would is that the Obama administration I don't think there's an ally I think about it.

We -- actively it is related -- straight struggling to come back to the New York Times Vernon private and now the -- initiation after doing everything possible to cut CO2 in cap and trade and -- back ordeals of the Environmental Protection Agency.

Is now an open up the Arctic oh wildlife.

Area -- -- Arctic Ocean.

Again where it was at two and half years ago -- when unemployment went above 8% stayed for the longest period since 1930s above 8%.

It's not clear to me that.

Opening up some of pristine water -- oil drilling is gonna solve offer -- -- -- late -- create jobs and revenue that the for a change how do of them.

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