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In today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss the latest GDP numbers, Obama’s fiscal train wreck, and his views on the economy shared this week on the Daily Show.

We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. You can find our iTunes feed at CoffeeandMarkets.com. If you’d like to email us, you can do so at coffee[at]newledger.com. We hope you enjoy the show.

Related Links:

Roubini: U.S. Heading for “Fiscal Train Wreck”
Obama No Longer Bothering to Lie Credibly: Claims Financial Crisis Cost Less Than S&L Crisis
Obama on the Daily Show
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In his Daily Show appearance last night, President Obama made a very revealing—and presumably inadvertent—statement about those in Congress who have supported his radical agenda.

In the context of many congressional seats being up for grabs in what pundits and prognosticators are predicting to be a GOP wave election, Obama stated that many of his allies in Congress voted for politically tough bills because they believed “it was the right thing to so” despite being in conservative-leaning districts.

On the surface, what the President says sounds so noble. These politicians are doing what they think is right. They’re standing up despite outside pressure! Except they aren’t standing up for the right people: their constituents. “Doing what they think is right” is warm and fuzzy code for “what Nancy Pelosi / President Obama tells them is right.”

Elected officials aren’t supposed to vote for what is right in their minds alone. What seems right in the halls of power amidst meetings with tax-eater special interests and arm-twisting White House political hacks is quite likely not what’s right for the people elected officials are supposed to represent. This sort of backwards thinking, internalized even by the President, is exactly why the American electorate is upset with the political status quo. Elected officials are supposed to vote for what is right in the minds of their constituents for whom they work.

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How bad is the fallout over the NAACP’s and Obama Administration’s handling of the Shirley Sherrod affair? This bad.

Now that Jon Stewart says they did it, will the Liberal deniers cop to the truth?

**UPDATE** Politico: NBC Vehemently Denies Allegations Over Anti-Semitic Email

**UPDATE 2** ALG Statement in Response to Alleged NBC Email

**UPDATE 3** NBC News Statement

**UPDATE 4**Group Stands Ground Over Claims That NBC Employee Issued Anti-Semitic Email

Apparently NBC “Dateline” producer Jane Stone or someone else who has access to her Blackberry has a problem with groups that oppose ACORN and with an ethnocultural minority.

When Stone received an email urging Congress to defund ACORN from Alex Rosenwald, director of media outreach for Americans for Limited Government, the following sentence came back to Rosenwald from Stone’s account: “Bite me, Jew Boy!”

Bite me Jew boy! –

Americans for Limited Government released the following statement:

Americans for Limited Government does not contend that NBC or its parent company GE, are anti-Semitic. What is highly disturbing, however, is that there clearly is a culture at NBC that has allowed this person who clearly has issues to go unchecked.

Ms Stone claims she did not send the offensive email. If that is not the case, we at ALG call upon her to help ascertain who did send it using her Blackberry and her email address. If Ms Stone did, in fact, send it, we at ALG call upon Ms Stone to apologize to Mr. Rosenwald, and we call upon the NBC hierarchy above Ms Stone to join her in issuing that apology.

I am told by fellow right-leaning journalists that getting rude and offensive emails from reporters in the mainstream media is a fairly common occurrence. (more…)

Everything you needed to know about the unorthodox roll out of the now-notorious ACORN sting videos was hidden in plain sight in my Sept. 7 column, “Katie Couric, Look in the Mirror.” ACORN was not the only target of those videos; so were Katie, Brian, Charlie and every other mainstream media pooh-bah.

They were not going to report this blockbuster unless they were forced to. And they were. What’s more, it ain’t over yet. Not every hint I dropped in that piece about what was to come has played itself out yet.Stay tuned.

When filmmaker and provocateur James O’Keefe came to my office to show me the video of him and his friend, Hannah Giles, going to the Baltimore offices of ACORN – the nation’s foremost “community organizers” – dressed as a pimp and a prostitute and asking for – and getting – help for various illegal activities, he sought my advice. In the past, Mr. O’Keefe created brilliant social satire that rocked his college campus and even made its way on to the talk-radio and cable-news shows, but the magnitude of his latest adventure had the potential to rock the political establishment.

I was awed by Mr. O’Keefe’s guts and amazed by the footage, but explained that the mainstream media would try to kill this important and illuminating expose about a corrupt and criminal political racket, and that the well-funded political left would go into “war room” mode, with 25-year-old Mr. O’Keefe and 20-year-old cohort Miss Giles in the cross hairs. I felt I had a moral obligation to protect these young muckrakers from the left and from the media, and to devise a strategy that would force the media’s hand. (more…)