Budget

Charles Krauthammer had some harsh words for President Obama's message during Tuesday's State of the Union address. Moments after its completion, Krauthammer said on Fox News, "He says you can’t cut your way to prosperity. This speech is about spending your way to prosperity" (photo courtesy AP).

In all too predictable fashion, the Associated Press's Martin Crutsinger, in his first and perhaps only report (saved here for future reference, fair use and discussion purposes) on January's Monthly Treausry Statment which showed a small surplus, pulled out the old "Bush ran deficits too" bromide to minimize the historically outsized deficits the Obama has overseen. Crutsinger also…

As the nation moves closer to the sequester, set to take effect on March 1, NBC is digging in its heels in opposition. On Saturday’s Today, the network ran a story that leaned heavily against the looming automatic spending cuts (surprise, surprise). NBC aimed right for the heart strings by featuring a Colorado high school counselor who had the following “message for Congress”: “At the time when…

NBC's Savannah Guthrie pressed White House senior adviser Valerie Jarrett on Tuesday's Today over President Obama's apparent inaction on many key issues. After reading an excerpt from the President's 2009 address to Congress, Guthrie wondered, "You know, Americans have heard these refrains over and over again. What can you guarantee to the American people that will turn these words into actual…

On Sunday's Meet the Press, moderator David Gregory seized on an item in Politico arguing that upcoming sequester budget cuts could prove to be a "time bomb" for Republicans: "And the political pressure that's being brought to bear....'If sequestration happens now, House Democrats say they'll have tangible proof that the GOP is a dysfunctional party that can't even tie its own shoelaces'....Is…

Despite his awful track record and penchant for making stuff up when it fits his agenda, New York Times columnist Paul Krugman is one of the liberal media's most beloved economic darlings. That's why it was quite a shock to see former Newsweek editor Evan Thomas slam him on PBS's Inside Washington Friday (video follows with transcript and commentary):

On NBC's Wednesday Today, White House correspondent Peter Alexander wrung his hands over the possibility of sequester budget cuts happening next month: "If you think of the federal budget as a t-bone steak, the sequester is like a butcher's knife loping off a big piece, roughly a trillion dollars worth in defense and domestic spending. What experts call the worst way to deal with a budget." […

Just three days after the inauguration, a White House official told The Hill's Erik Wasson that the Obama administration would be nine days late in presenting its budget blueprint, going to Congress on February 13 with the multi-volume spending plan instead of the February 4 deadline set by federal law. This marks the third year in a row that the president has missed the budgetary deadline.…

It wasn’t the embarrassing kiss-up debacle CBS’s Steve Kroft delivered a week ago from the White House, but CBS Evening News anchor Scott Pelley, in his late afternoon pre-Super Bowl sit down with Barack Obama, hardly tackled the President. He cued him up to elaborate on allowing women in combat and gays to take part in the Boy Scouts, in between prompting Obama to explain why tax revenue…

Yesterday at the Associated Press, aka the Administration's Press, Christopher Rugaber really wrote that the government's Employment Situation Summary released Friday was "mostly encouraging." The Friday morning dispatch, still present at Yahoo News but which has understandably disappeared from the wire service's national site, stuck with his smiley-faced description even as he noted, "one…

Darn that economy. Why won't it behave? Doesn't it realize that Barack Obama has more important things to do than worry about its health and well-being? That's the tone I get from a story headline at the Associated Press, aka the Administration's Press, about how "ECONOMIC JITTERS COMPETE WITH OBAMA AGENDA." The poor guy; he has to pay attention to something he must have thought he could keep…

The economy shrank in the fourth quarter of 2012, indicating that growth remains a problem. The woes made the New York Times front page on Thursday, "Growth Halted In 4th Quarter Despite the Fed," though the story by Nelson Schwartz and Binyamin Appelbaum was not prominently featured (and Obama wasn't mentioned until paragraph 12, in a quote from Reince Priebus, chairman of the Republican…

Yesterday (at NewsBusters; at BizzyBlog), reacting to a disgracefully biased January 27 report by Andrew Taylor at the Associated Press, aka the Administration's Press, on the "no budget, no pay" provision in debt-ceiling legislation passed by the House, I wrote that "Taylor’s report is historically bad ... Sadly, I believe AP can do much worse during the next several years — and probably will…

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.