Budget

Whatever they're paying Teresa Ghilarducci, who is "the Bernard L. and Irene Schwartz chair of economic policy analysis at the New School for Social Research," it's too much. The bolded sentences seen after the jump which Ms. Ghilarducci included in a Friday New York Times op-ed (HT "Mungowitz" at the "Kids Prefer Cheese" blog via Megan McArdle) makes my contention an open and shut case (…

On Thursday's All In show, as Chris Hayes complained about the vote by House Republicans to separate the food stamp program from the farm bill, the MSNBC host accused GOPers of taking the action "so they could focus solely on the farm stuff and really embrace not caring about the poor." Hayes also charged that Republicans had "jettisoned 47 million hungry Americans." The MSNBC host began the…

How does a multi-millionaire plutocrat earn good press from the New York Times? Apparently, espousing some of the far-Left's most radical economic theories is a good start. This morning's paper (B-1) carries an adoring profile of Warren Mosler, who reporter Annie Lowrey brands as a "card-carrying member of the 1 percent....But his prescriptions for economic policy make him sound like a…

Well, it’s Washington Post official: the sequestration wasn’t all that bad after all.  In fact, you could classify it as a dud, according to none other than Ezra Klein, a favored pet pundit of many a liberal MSNBC panel. In a June 30 item at his Wonkblog, Klein concluded that the experts were “mostly wrong” concerning the impact of the cuts.  At the same time, conservatives saw from the…

Before the government released its first estimate of first-quarter economic growth in late April, the establishment press, particularly Bloomberg News and the Associated Press, salivated at the chance to report the then-predicted "robust" annualized growth of 3 percent and to describe how the economy had "accelerated" from the previous quarter's pathetic 0.4 percent. When that first estimate…

On Tuesday June 25, Penny Pritzker became the 38th Secretary of Commerce after the Senate voted to confirm her 97-1.  Oddly enough, Pritzker has a Romney-esque business background.  The well-connected friend of Obama is worth millions, has previously understated her income, and is not well liked by Big Labor.  She also benefited from offshore tax havens. Despite all that, in the end, her…

A search at Google News on "households food stamps record" done at 9 p.m. ET (not in quotes, sorted by date, with duplicates and similar items) returned three items. Two are at the Daily Caller (here and here); and the other is at Reason.com. Program statistics for March, the latest month available, show that a record 23.12 million households -- one in every five in the U.S. -- received food…

Saturday's CBS Evening News ballyhooed the "enormous strain on resources" that the budget sequester has apparently put on extinguishing a massive wildfire in Colorado. Carter Evans played up how, in addition to fighting the flames, "federal firefighters are facing another challenge: a loss of $50 million, mandated by the budget sequester. That forced the Forest Service to cut 500 firefighters…

On Thursday's PoliticsNation, MSNBC host Al Sharpton complained about "shameless" Republicans trying to cut food stamp benefits and creating "a whole bunch of ugly names for people who need a little help," as he was joined by MSNBC.com Executive Editor Richard Wolffe and Democratic Rep. Hank Johnson of Georgia. The MSNBC host grumbled:

It’s become a pretty much a staple of modern Democratic political rhetoric to say that today’s Republicans have departed from their predecessors in being more obstructionist toward liberal policy objectives. Since it’s something Democrats say a lot, it’s also a frequently repeated talking point in the self-described mainstream press as well. Even some Republicans, like Bob Dole for instance,…

Although there are stories at Fox News and the Daily Caller, there appears to be almost no interest on the part of the establishment press in covering the Treasury Department's failure to report over 99% of its conference costs when Oklahoma Republican Senator Tom Coburn asked for an itemized listing a year ago. The Politico, the repository for stories which cause Democrats and the left…

The Wall Street Journal's David Wessel channeled the Obama administration's doom and gloom about the sequester on NPR's Morning Edition on Monday. Host Renee Montagne turned to Wessel to give a "reality check" on the sequester's current and future economic impact. The journalist cited how unnamed "economic forecasters...say they're worried that the effects of this spending restraint may have…

While the Associated Press may get something wrong – and omit things on occasion – they’ve admitted one thing that the big three has yet to confirm: Obamacare will cost Americans their health care coverage.  In a story by Ricardo Alonso-Zaldivar that was published on May 29, he noted that Americans might find themselves stripped of coverage this fall since their current plans don’t meet the…

The pity party for furloughed federal employees should be toned down. A story at CNNMoney.com notes something I don't expect will be only rarely be reported anywhere else, namely that there has been a concerted and likely largely successful effort on the part of federal employee unions to ensure that as many of their members as possible will be eligible to collect unemployment benefits during…