Before I wrote about why silly campaign flaps happen here, I wrote something for Plum Line earlier about which things to ignore and which to pay attention to during the presidential campaign.
Meanwhile, over at Post Partisan I risked the wrath of Joey Ramone and beat up on Maria Bartiromo because she bought the phony GOP spin that Congress didn't pass a budget last year. I'm really not sure why this one gets to me as much as it does; of course, there's plenty of phony spin on the campaign trail. But there's something about this one that leaves me constantly correcting it. Probably all the time I've put in explaining the budget process to people, but who knows?
At any rate, it's one thing for the campaign to come up with phony spin; it's another for a reporter to be totally snowed by it (and more; as Brian Beutler reported, she also bought the "Obama's budget got zero votes" junk). I'd ask whether CNBC is normally this gullible and ill-informed when they report the financial news, but I suspect I know the answer.