Economy

If you love the smell of liberal infighting in the morning, today's Morning Joe was must-see TV. The MSM is reluctant to report it, but you might say that a trade war has broken out among liberal Dems, and it's getting personal. A few days ago, criticizing Elizabeth Warren for opposing his TPP trade bill, President Obama said that “the truth of the matter is that Elizabeth is, you know, a…

On Tuesday, ABC’s World News Tonight and the CBS Evening News chose to ignore news that Senate Democrats voted to block debate on a series of trade measures pushed by President Barack Obama as part of a push to eventually approve the Trans-Pacific Partnership (TPP) trade deal. NBC Nightly News did cover the story with a news brief by Lester Holt who billed the failed vote as “[a] major setback…

What a shame: if only the economy had been better, the rioters would have had more name-brand stores to burn. Seriously, this had to be one of the strangest statements to come out of the Baltimore riots. On this evening's Ed Show, Baltimore Pastor Jamal Bryant complained that because of economic "disenfranchisement," the rioters "could only find one anchor store in that neighborhood" to destroy.

Chuck Todd should have been ready for this, but he wasn't. Just a few days days ago, on the very network at which Todd toils, "Late Night" comedian Seth Meyers thought he would be cute and embarrass GOP presidential candidate Carly Fiorina over not registering the CarlyFiorina.org domain, thereby allowing a critic to take it and use it as a platform for criticizing her tenure as H-P's CEO.…

On Thursday, Jennifer Grayson, who fancies herself as an "environmental journalist," exposed herself as a truly annoying scold. Grayson wrote in a Washington Post column that those of us who show our appreciation for others by giving them flowers as part of our overall enjoyment of life are really showing that we are either ignorant of or don't "care about Mother Earth." Grayson concocts her…

It was enough to make a blogger in mom's basement spit out his Cheetos in surprise.  On today's Morning Joe income redistributionist and global climate kvetcher Prof. Jeffrey Sachs praised the UK Conservatives for creating jobs via an austerity budget. In a second surprise, Sachs criticized fellow lefty traveler Paul Krugman. Said Sachs of the Conservatives: "they governed well . . . they got…

Tuesday evening, I wrote that there appears to be a need for an intervention among the economics writers at the Associated Press. At the time, I was referring to how the wire service's Christopher Rugaber, in his dispatch on a trade group's upbeat business sentiment survey appearing about an hour after Martin Crutsinger's writeup on the horrible March trade imbalance, failed to report Crutsinger…

Some pundits have speculated that the Baltimore riots may benefit Republicans in next year’s elections. On the other hand, Walsh, of Salon and MSNBC, thinks that the unrest has yielded an opportunity for liberalism. In a two-part series, Walsh argued that one lesson of Baltimore is that Democrats' Bill Clintonesque center-left “approach to race, crime and inequality” has proved inadequate, and…

It appears that someone might need to schedule an intervention with the Associated Press's economics writers. In his dispatch published a half-hour after the government's March release on international trade at 8:30 this morning, the wire service's Martin Crutsinger quoted a normally upbeat economist who was singing the blues about the result's effect on previously reported first-quarter…

At the Associated Press today, Martin Crutsinger's coverage of the Census Bureau's March Factory Orders report admitted that a leading economic forecasting firm currently believes that the economy will grow at an annualized rate of just 1.9 percent in the second quarter. Despite the fact that just about everyone who is anyone had until very recently been saying that the figure will be 3 percent…

Craving an anti-American show where the “elites” are playing ‘god’ without permission? Look no further than Mr. Robot, a drama set to premiere on USA starting June 24, 2015. “Sometimes I dream of saving the world,” the protagonist mused in one of several promotional clips for the show, “Saving everyone from the Invisible Hand - the top 1 percent of the best that play ‘god’ without permission.…

All week, liberals and conservatives have accused each other of causing the longstanding socioeconomic woes of Baltimore. TNR's Rebecca Leber had a subtler take in a Friday piece: she put part of the blame on liberals, but only because they went along with conservative ideas. “Democrats exacerbated these problems [in Baltimore] not by embracing the policies of the left. Rather, they dug the hole…

On Thurday, the government, apparently as determined as the press to create good news where there is none, opened its March report on Personal Income and Outlays as follows: "Personal income increased $6.2 billion, or less than 0.1 percent." Yeah, it was so much less than 0.1 percent that it rounded down to 0.0 percent in current dollars in the table which followed. In real terms, i.e., after…

The so-called experts supposedly took March's worse than usual weather in many parts of the country into account when they predicted that this morning's March Construction Spending report from the Census Bureau would come in with a seasonally adjusted increase of 0.4 percent or 0.5 percent. Instead, the result was a decline 0.6 percent, "unexpectedly" sending that metric to a six-month low.…