Economy

On Wednesday's CNN Newsroom with Carol Costello, during a discussion of the Democratic presidential debate, liberal CNN political analyst Marc Lamont Hill defended Bernie Sanders' socialist views and griped about Hillary Clinton apparently taking a jab at the Vermont Senator as the CNN analyst complained that "she's playing to people's insecurities and fears," and "play[ing] to the cheap seats."

Life is so unfair. "The rich" live in nicer places, have nicer amenities, drive nicer cars, etc., etc. Here's the last straw: Now they even have better breakfast sandwiches. But never fear: The press's inequality police are on patrol to supply the outrage.

First Sanders, now Trumka—are there any capitalists left on the left? On the most recent Meet the Press, Bernie Sanders made news when Chuck Todd asked him if he was a capitalist.  "No," shot back Sanders, "I'm a democratic socialist." Mark Halperin was obviously taken enough by the question as to pose it on today's With All Due Respect to Richard Trumka, President of the AFL-CIO. "No, I'm a…

We’ve time and again seen the media receive their messaging orders  - and then march off all mouthing the Leftist talking point(s) of the day.  Washington, D.C.-based talk radio host Chris Plante quotes a military friend of his describing the media not as a gaggle, but as a centipede.  Multitudinous legs in coordinated movement - all headed in the same direction.  Talk radio impresario Rush…

Is the Republican party actually two parties? In a sense, believes The Washington Monthly's Martin Longman, who contended in a Monday post that the forty or so congressmen who constitute the Freedom Caucus “are best understood in the parliamentary sense as being a party in their own right. In our system, they are still called Republicans, but in any other system they would be a minor party that…

It was obvious from the start of ABC’s new drama, Blood & Oil, that Hap Briggs (the “Baron of the Bakken”) would turn out to be ruthless and conniving, no matter how charming he might seem. After all, he’s an oil man and the media just love (to hate) them. In prior episodes Briggs appeared to admire Billy LeFever’s tenacity and mind for the oil business. He even seemed to have taken Billy “…

Following Hillary Clinton’s latest flip-flop and move to the left in opposing the Trans-Pacific Partnership, the CBS Evening News saw no interest in informing their viewers of this announcement after she strongly backed it while secretary of state in President Barack Obama’s first term. In contrast, both ABC’s World News Tonight and NBC Nightly News surprisingly stepped up to the plate to cover…

Over at the Associated Press, Andrew Taylor, contrary to the wire service's usual practice, referenced a pre-official Congressional Budget Office report to tout the federal government's "improved" budget deficit. The CBO estimates that the deficit, which won't become official until the Treasury Department releases its final Monthly Treasury Statement of the fiscal year in the next week or two,…

Promoting his new car show set to premiere Wednesday night on CNBC, Jay Leno made his return to NBC’s The Tonight Show on Tuesday night to give a portion of the opening monologue. He poked fun at Hillary Clinton, Martin O’Malley, Republicans, ObamaCare, and the economy to name a few targets. 

On Sunday’s This Week, ABC’s George Stephanopoulos repeatedly hit GOP presidential frontrunner from the left over his tax plan, chastising Trump for his plan which Stephanopoulos claimed would mainly benefit the rich. Stephanopoulos demanded the Republican candidate explain why taxes should be cut at all and zeroed in on how the plan would personally benefit Trump: “Bottom line, you do accept…

Venezuela's Nicolas Maduro presides over a country which is falling apart thanks to the socialist policies of his government and that of his predecessor Hugo Chavez. The Economist describes the period since Chavez took over in 1998 as that of "authoritarian misrule" characterized by "by shortages of everything from poultry to pharmaceuticals, by inflation approaching 200% and by rampant…

In their coverage of government and other economic reports, the business press routinely tells readers that the figures they are relaying are "seasonally adjusted." That is, raw results are smoothed out to supposedly "remove normal, recurring variations" in data. There's one notable exception: The government's monthly employment report.

Although it was very disappointing, the September Employment Situation Summary, which told us that the economy added only 142,000 seasonally adjusted jobs as hundreds of thousands of Americans withdrew from the labor force, was not the worst economy-related news of the day. That dubious honor belongs to the Census Bureau's Factory Orders report. At least the employment report showed more people…

Asked to name something that stands alone, a lot of people would say, “The cheese.” To New York magazine's Jonathan Chait, another reasonable answer is “the Republican party,” at least in regard to global warming specifically and hatred of government in general. Chait’s main point is that the GOP is extremist not only in an American context but also by international standards: “Of all the major…