Values Voter News

From CNSNews.com below...

"According to Fortune Magazine, Moore’s films have grossed over $300 million worldwide. His highest grossing film was “Fahrenheit 9/11,” which critiques the Bush administration’s handling of the war in Iraq and earned over $200 million worldwide.

Moore reportedly was paid $21 million by Disney for producing, directing and creating the film.

Moore also earned 50 percent of the profits of his 2007 film “Sicko,” totaling $25 million plus DVD sales, according to Vanity Fair.

The Los Angeles Times reported that Moore would receive all of the profits made from DVD sales of “Sicko,” sales of which have been estimated at over $17 million.

“Look, you know, I mean, I make documentary films,” said Moore. “So, clearly, I’m not loaded in the way you described. But I do well, obviously because my films do well.”

“So, that means I have an extra responsibility to make sure I spend my time trying to make things better for the people that don’t have what I have, right? I mean, everybody should do that,” he said.

Moore’s newest film, “Capitalism: A Love Story” opens in theaters October 2."

Related: Michael Moore: "If a true public option is enacted - and Obama knows this - it will eventually bring about a singly payer system"
The Media's Top 10 Worst Economic Myths of 2008:

10. Capitalism is dead or dying.
Media myth: From Michael Moore to CNBC, people wondered about the end of free-market capitalism.

Is free-market capitalism really at death’s door? That’s what the media have claimed, beginning with Pulitzer-prize winning columnist Steven Pearlstein’s obituary for capitalism Aug. 1. Since then, the claim has been repeated in The Washington Post, on CNBC and CNN. Even controversial filmmaker Michael Moore, reacting to the Wall Street bailouts, claimed capitalism was dead on “Larry King Live.”

A front-page analysis in the Oct. 10 Washington Post declared that “The worst financial crisis since the Great Depression is claiming another casualty: American-style capitalism.”

That story by staff writer Anthony Faiola accurately portrayed the potential government takeover of elements of the financial system as un-capitalistic, but incorrectly blamed capitalism for economic devastation.

“[T]he hands-off brand of capitalism in the United States is now being blamed for the easy credit that sickened the housing market and allowed a freewheeling Wall Street to create a pool of toxic investments that has infected the global financial system,” Faiola wrote. His story had no rebuttal from free market economists who say this was not market failure after all. It also claimed that countries have lost respect for the American brand of capitalism in the wake of U.S. financial turmoil.

CNBC also worried Sept. 19 that capitalism “seems to be dead.” That was what former Bloomberg South Europe bureau chief Rob Cox told CNBC’s “The Call” viewers while talking about taxpayer funded bailouts “I don’t know what it means. I don’t know how we’re going to regulate. I don’t know how we’re going to legislate going forward but its dead.”

But not everyone took such a pessimistic tone. Diana Furchtgott-Roth, former chief economist at the U.S. Department of Labor, and current senior fellow at the Hudson Institute said “reports of capitalism’s death are greatly exaggerated,” in an Oct. 16 column.

“Although Washington is using non-market solutions in an attempt to unfreeze the credit markets, they have not succeeded, and are unlikely to be permanent. The next administration, Republican or Democratic, might take over more of the economy,” Furchtgott-Roth said. “But if one country in our global economy proceeds down an unsuccessful socialist road, others will demonstrate the effectiveness of capitalist measures—just as America led the way with tax cuts in the 1980s.”