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All three newscasts followed their banks lead with a second financial story featuring press secretary Robert Gibbs. "It was a feisty day for the White House," reflected ABC's Jake Tapper. Gibbs decided to take on CNBC's bond trading insider Rick Santelli, source of the famous soundbite: "How many people want to pay for your neighbor's mortgage?" As CBS' Chip Reid quoted Gibbs: "I feel assured that Mr Santelli does not know what he is talking about," before he invited the cable guy to the White House to read its Home Affordability Plan over a cup of coffee--"decaf." ABC's Tapper did address the underlying complaint that President Barack Obama's home foreclosure prevention would include aid to some homeowners who had behaved irresponsibly. "Even members of his administration concede the answer is Yes."
NBC's Chuck Todd filed more of a portmanteau package, rounding out his coverage of Gibbs and foreclosures with other economic tidbits. The President warned a meeting of mayors to lay off porkbarrel spending…a Fiscal Responsibility Summit is planned for Monday to discuss Social Security et al…then a speech to a Joint Session of Congress...Thursday his first budget will be published. The newly arrived Todd is still learning how to be a nightly news correspondent. He should remember that 120 seconds for a news package is too precious to be frittered away on calendar items and sideshows. Decide what the angle of the day is and report that thoroughly. Leave the tidbits for your First Read blog.
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