Economy

CNBC anchor Joe Kernen tore into the prospect of a socialist president, and knocked young people who he said had a warped view of Bernie Sanders. Kernen’s comments came in response to a report by political correspondent John Harwood on the democratic presidential race. In his report, Harwood featured a poll that had Sanders losing to Clinton by 14 percentage points.

In mid-April, as I noted in a NewsBusters post, the Associated Press, apparently desperate to find any kind of good economic news that might offset the impact of an awful national industrial production report from the Federal Reserve, cited a positive manufacturing survey from just one state to claim that "goods production in the U.S. could be stabilizing." Lo and behold, yesterday that same one…

The establishment press has given an open mic to proponents of raising the minimum wage nationally, and has cheered $15-per-hour legislation passed in California and New York earlier this year as "historic." The silence from those same quarters, e.g., the Associated Press, the New York Times and others, is deafening now that one of the predictions of those who have criticized such sharp…

During an interview with the stars of the Hollywood’s latest anti-capitalist screed, Money Monster, on Friday’s NBC Today, correspondent Keir Simmons summed up the plot of the film: “In the movie, [George] Clooney is forced to wear an explosive vest by British rising star Jack O'Connell. Who lost his dead mother's money on stocks.” Simmons noted: “This guy is a terrorist, who you end up feeling…

CNBC anchors Joe Kernen and Michelle Caruso Cabrera poked fun at socialism, saying it equalized results, but made everything worse. Cabrera said on Squawk Box May 12, that socialism brought about “equal suffering,” while Kernen similarly remarked that it represented “equally-shared misery.”

In an analysis for the front page of Wednesday’s New York Times business section, Eduardo Porter trumpeted that the real issue ailing the American economy and impeding on its improvement is the lack of mass government jobs programs similar to its “large and underappreciated role in reshaping” the country during the 19th and 20th centuries. 

In case you didn't get the message the first or second time around, the Washington Post wants you to hear it again: Cool your complaints about the weak U.S. economy, because it's your fault. To be clear, the problem is primarily with the Post's headline — "The economy’s real drag: Us" — than with Robert J. Samuelson's content, which at least gave American consumers credit for having "sobered up…

“President Obama gave the commencement speech at Howard University: He told graduates their future is bright.  Unless they want jobs.” - NewsBusted’s Jody Miller

Based on the content of John Kerry's Friday commencement speech at Northeastern University, one might have expected that those in attendance threw away their passports after the event ended. That's because the Obama administration's Secretary of State told those in attendance: "You’re about to graduate into a complex and borderless world." Kerry's extraordinarily dense, naive and dangerous…

Some on the left claim that Donald Trump is an ideological descendant of Ronald Reagan, never mind that Reagan was Mr. Conservative and Trump is Mr. Opportunist. Paul Campos, from the University of Colorado, makes a different Trump-as-heir-to-Reagan argument. In a Thursday Salon article, Campos opined that the Reagan revolution was less about right-wing views than “stupidity, celebrity, and…

The press is protecting Democratic frontrunner Hillary Clinton from the true extent of the blowback over her expressed desire to see coal miners lose their jobs and her bogus attempt to "apologize" for what she said. Former House Speaker Newt Gingrich, appearing on Fox & Friends Thursday morning, identified a larger truth about Mrs. Clinton's callous disregard for workers and their families…

Thursday night on CNN’s Anderson Cooper 360, the host and correspondent Gary Tuchman surprisingly highlighted how poorly Clinton was faring with blue-collar Democrats in West Virginia. Tuchman noted that registered Democrats outnumber Republicans 6 to 1 in the coal mining state, but because of Clinton’s attitude towards the coal industry, many Democrat voters were actually supporting Donald Trump…

Almost any time a government agency or program fails to perform, those involved complain that they don't have enough money to properly do their jobs. Unless the matter involves national defense, the press gullibly swallows their contentions. The Transportation Safety Administration is the latest case in point. Lines at airport security checkpoints are already getting noticeably longer, and we…

On Wednesday, CNN's New Day touted Donald Trump becoming the apparent Republican presidential nominee, but quickly spotlighted many of the most controversial components of his campaign. David Gregory trumpeted the "incredible accomplishment for Donald Trump," but soon added that the billionaire is "an incredibly divisive figure — huge negatives, toxic policy proposals." The Daily Beast's Jackie…