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Obama-Era Cheerleader Liesman Downplays Economy's Third-Quarter Growth
At CNBC Wednesday morning, just after the release of the government's GDP report, Squawk Box panelist Steve Liesman appeared to do everything he could to downplay the significance, and even the relevance, of the 3.3 percent annualized growth estimate. At the end of the segment, he gave away his ignorance when he expressed outrage that the tax bill currently under consideration in Congress, while…
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Ali Velshi at MSNBC Wrong About Tax Plan's Impact, Doesn't Know It
MSNBC's Ali Velshi and co-host Stephanie Ruhle apparently gained a bit of far-left street cred in August when they fiercely berated a Donald Trump supporter with an usually strong dose of condescension, telling him that "you can't just lie on TV" about the economy. On Monday, Velshi lied about the estimated impacts on various income groups of the GOP tax plan published by Congressional Budget…
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NBC Complains Senate GOP Not Seeking Input from Dems in Tax Plans
With the Senate GOP on the verge of passing their version of tax reform on Thursday, NBC Nightly News continued their week-long series where they claimed to break down the tax bills. But in reality, they only sought to stoke fears of those who weren’t familiar with it and bemoaned how Democrats had no input.
NYT Lefty Reporter Fights GOP’s ‘Trickle-Down’ Tax Plan to Hurt Poor
The New York Times most left-wing economics reporter attacked the Republican tax plan in Thursday’s off-lead story, “G.O.P. Tax Plan Could Reshape Life in the U.S. – More Inequality Likely – Cutbacks in Social Safety Nets, Education and Health Care." Years ago, Peter Goodman penned gloating left-wing, Marxist-tinged reports on economics for the Times, and nothing has changed upon his return:
Nets Downplay Economic Growth, Spend Just 52 Seconds on 2017 GDP
Business
The U.S. economy grew at a 3.3 percent rate in the third quarter, according to the latest estimate from the Commerce Department’s Bureau of Economic Analysis (BEA) released Nov. 29.
Guess how much time ABC, CBS and NBC evening news shows gave that good economic news?
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On CNN, Filmmaker Jon Alpert Blames U.S. for Communism Failing in Cuba
Appearing as a guest on Friday's New Day on CNN a year after Fidel Castro's death to promote his film about Castro's Cuba, filmmaker Jon Alpert blamed the United States for the economic failures of communism on the island country as he charged that the U.S. ruined the Cuban economy by flooding the sugar market in the 1970s.
Monolithic Liberal Media Warns of Trump Aiding 'Media Consolidation'
The Left is incessantly freaking about all sorts of things - about which very little freaking is actually necessary. The Media is - by-and-large - the Left’s megaphone. About whatever the Left is freaking - you’ll find the Media freaking. Only louder, with many, MANY more outlets with which to amplify the freaking. The advent of the Internet - has exponentially increased the number of outlets…
AP's Paul Wiseman Smears GOP Tax Plan as 'Trickle Down'
At the Associated Press on Friday, economics writer Paul Wiseman attempted to rewrite history, pretending that "trickle down" economics is a term Republicans have used for their economic plans since the days of Ronald Reagan, and that the current GOP tax plan which has made it through the House and is being considered by the Senate is more of the same thing. In fact, Reagan's policies, which were…
Stalking Horses
When hunting was the major source of food, hunters often used stalking horses as a means of sneaking up on their prey. They would synchronize their steps on the side of the horse away from their prey until they were close enough for a good shot. A stalking horse had a double benefit if the prey was an armed person. If the stalkers were discovered, it would be the horse that took the first shot.…
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CBS on Climate Change: ‘Saving the World Has Been Harder’ Since Trump
During Monday’s newscast, CBS Evening News was irritated by President Trump’s position on climate change and how he was putting America at odds with the rest of the world. “At a U.N. climate conference in Germany today, the Trump administration talked up fossil fuels, including coal,” chided Anchor Anthony Mason. “That puts the U.S. at odds with 194 other nations, but some American entrepreneurs…
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Morning Joe: Republican Tax Reform ‘Biggest Heist in History’
On Monday’s Morning Joe, the panel brought on liberal economist Jeffrey Sachs to talk about the Republican tax reform bill currently making its way through Congress. Somewhat predictably, Sachs used his platform to attack the plan as a form of “theft,” the “biggest heist in history,” and a plot by America’s “richest gazillionaires” to “bankrupt” the country for their own personal enrichment.…
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Fox Biz Host Scolds Dem Over Talking Points; He Vows Not to Return
On the Fox Business Network on Tuesday, Happening Now host Melissa Francis would not let her Democratic Party guest get away with refusing to answer her question about tax reform. Eventually, she goaded former Clinton adviser Simon Rosenberg into acknowledging that he was refusing to answer her question (then why did he appear in what he knew was a discussion segment?); when she wouldn't move on…
Vox Writer: ‘Conservative Elites’ Keep ‘Lying’ About Climate Change
Liberals have little chance of converting conservatives on climate change, but eventually righties will get swept to the left on the issue whether they like it or not, believes David Roberts. In a Friday piece, Roberts maintained that “the weather is only getting worse, young people are only getting more engaged, and clean energy is only getting cheaper” and therefore “climate change and clean…
Ignorance Versus Stupidity
One of the most challenging and important jobs for an economics professor is to teach students how little we know and can possibly know. My longtime friend and colleague Dr. Thomas Sowell says, "It takes considerable knowledge just to realize the extent of your own ignorance." Nobel laureate Friedrich August von Hayek admonished, "The curious task of economics is to demonstrate to men how little…
