Banking/Finance

They warned back in 2008 what might happen if Barack Obama was elected president, and according to conservative talk show host Rush Limbaugh and Fox News Channel host Glenn Beck, a lot of bad stuff is unfolding right before our eyes. Limbaugh appeared on Beck's Aug. 26 program to discuss the threat of the federal government attempting to regulate the media. He explained the president's policy…

Try to keep a straight face when you hear this: President Barack Obama isn't getting enough media love. That's the world view of MSNBC "Hardball" host Chris Matthews - at least when it comes to the economy. According to Matthews, there has been a plethora of positive economic news - from a stock market that has shrugged off the threat of bad liberal policy, i.e. cap-and-trade or ObamaCare, to…

Ben Bernanke's able use of monetary policy to steer the economy during the current financial crisis sometimes makes it easy to forget that Bernanke helped steer the ship into that crisis early in his term as Federal Reserve Chairman and a member of the Fed's Board of Governors. That's a point Strategic Forecasting (Stratfor) founder and CEO George Friedman made when asked the likelihood of…

On Friday’s CBS Evening News, correspondent Sharyl Attkisson filed a report recounting mortgage company Countrywide Financial’s history of offering special deals on loans to government officials – including figures with connections to President Clinton, President Bush, and President Obama. But, while the two most prominent figures currently still in government who are implicated in the scandal…

PBS’s Jim Lehrer forwarded several questions with a clear leftward tilt during an interview with President Obama on his Newshour program on Monday. He urged the executive to “crack heads” to get his health care plan passed, and inquired if “taxing the wealthy” was an option to fund it. Lehrer later pressed Mr. Obama on the “huge profits” being made by “big Wall Street banks.”The PBS anchor led…

Noel Sheppard mentioned this Associated Press story by Tom Raum yesterday at NewsBusters (Raum is tagged as the writer at this version of the report).Noel characterized Raum's report as suggesting that "the White House's delay in releasing an update about the budget might be tied to the administration's desire to get controversial bills on healthcare reform and cap and trade passed before…

Today Joe Biden was in Alexandria, VA, and said, as reported by CNS News:People look at me and say, "What are you talking about, Joe? You're telling me we've got to go spend money to keep from going bankrupt?" The answer is "Yes,"I'm tellin' ya.Matt Drudge thinks this is news (link is to his time-stamped archive, which won't change); it is his top headline. Allah at Hot Air thinks it's news, as…

In a report meant to cover Uncle Sam's release of June's Monthly Treasury Statement, Associated Press reporter Martin Crutsinger went well beyond the wire service's normally lazy, slanted reporting in this area.In his report's apparent final incarnation early Tuesday morning, the AP writer:Told us the amount of June's deficit ($94.3 billion), but didn't disclose the figures for June's receipts ($…

If you listened to any top-of-the-hour radio newscast yesterday, you probably heard that General Motors has exited from bankruptcy, with the company promising to really, really do better this time around.You more than likely didn't hear anything about how much government money it has taken to enable GM to survive and reemerge. That's because original story sources like the Associated Press put…

Maybe reporters Brian Faler or Nicholas Johnston at Bloomberg asked Barack Obama some really challenging questions when they had a chance to interview the President at the White House. Maybe they even did some basic fact-checking. If so, there's precious little evidence of either in their June 16 report.They allowed the president to blame most of the current year's deficit on George W. Bush. They…