Banking/Finance

As NewsBusters reported earlier, New York Times columnist Paul Krugman and MSNBC's Joe Scarborough had quite a heated discussion about the budget, debt, and the economy on PBS's Charlie Rose Monday evening. Near its conclusion, Scarborough actually scolded Krugman for pompously behaving like a sighing Al Gore (video follows with transcript and commentary):

New York Times columnist Paul Krugman and MSNBC's Joe Scarborough had an at times heated discussion about budget deficits, debt, and the economy on PBS's Charlie Rose Monday evening. At one point Krugman got so rattled by the facts that he actually said Scarborough quoting what he had said in the past was making an ad hominem attack against him (video follows with transcript and commentary):

"We're all socialists from the day we're born. You know, you don't have to be poor or unemployed to be on Welfare. We're all at the trough. We're all Welfare queens." So said TIME magazine executive editor Michael Duffy on the syndicated Chris Matthews Show Sunday (video follows with transcript and commentary):

Chris Matthews asked a question Sunday that should truly offend people on both sides of the aisle. During the syndicated program bearing his name, Matthews asked his panel, "Has President Obama put himself at political risk if the big cuts do not wreak havoc?" (video follows with transcript and commentary):

Did you know that the mortgage interest deduction was a major contributor to families' distressed circumstances leading to the housing bubble? Or that George W. Bush's (really modest) tax cuts in 2001 and 2003, not the Internet bubble of the late-1990s led the nation from fiscal surplus to deficits? The reason you don't "know" these things is that they're not true. But the Associated Press's…

The Left and their media minions spent a good part of the past two years claiming the rich don't pay their "fair share" of taxes. Not according to the Associated Press which shockingly published a piece Sunday titled "Tax Bills For Rich Families Approach 30-Year High":

It’s certainly clear to Jay Leno that the Obama administration is fearmongering the budget sequester. On NBC’s Tonight Show Thursday, Leno played a mock White House ad claiming among other things that if sequestration occurs, “Girl Scouts will be forced to sell meth" (video follows with transcript and commentary):

CNBC's Maria Bartiromo made a statement Sunday about all of the fearmongering concerning the looming budget sequester that people on both sides of the aisle should pay attention to. Appearing on NBC's Meet the Press, Bartiromo said, "I think Wall Street is seeing this as scare tactics because if the market really believed that the economy was going to be paralyzed on March 1 we would not be…

It appears not everyone in America is as enthralled with Barack Obama's economic policies as his fans in the media. When NBC Tonight Show host Jay Leno made a joke about the president not understanding economics, the studio audience cheered, applauded, and whistled (video follows with transcript and commentary):

Rick Santelli made a stunning observation Wednesday about the shocking report that the economy actually shrunk in the fourth quarter last year. "We are now Europe," he declared on CNBC's Squawk Box.

Stop the presses! Stop the presses! Bill Maher on Friday actually said something well-reasoned and intelligent that conservatives - including members of the Tea Party - might agree with. "We have 23.5 percent dirt bags in America," the HBO Real Time host surprisingly said. "It just seems like there’s less people pulling the wagon and more people in the wagon, and at some point the wagon is…

The left must think Treasury Secretary Tim Geithner is a magician, since they think funds to evade the debt ceiling can be conjured up in the form of a platinum coin. The left-wing blogosphere has been promoting a loony idea to prevent the GOP from being able to cut spending in debt ceiling negotiations. The idea has gained traction with a Bloomberg News contributor and well-known liberal…

Here’s something I bet you thought you’d never see at the perilously liberal Huffington Post. In a Dean Baker article published Tuesday with the astonishing title “There Is No Santa Claus and Bill Clinton Was Not an Economic Savior,” the second sentence read, “Just as little kids have to come to grips with the fact that there is no Santa Claus, it is necessary for millions of liberals,…

Former Speaker of the House Newt Gingrich on Sunday gave Lawrence O'Donnell a much-needed education on the economic impact of the Bill Clinton tax hikes in the '90s. As O'Donnell precipitated the exchange, he perfectly demonstrated why MSNBC commentators are far too liberally biased to be invited on NBC's Meet the Press (video follows with transcript and commentary):