Economy

The business press's ability to keep up the appearances of "recovery is just around the corner" for over 5-1/2 years has been simultaneously amazing and disgusting. One of their strategies has been to define a "new normal" which is only presented that way because everyone knows deep-down that as long as the left controls economic policy, the nation's economy won't ever really get any better than…

The Associated Press, aka the Administration's Press, is hard at work putting a brave face on a shaky economy. Just one example: On Thursday, after February consumer spending fell sharply for the third straight month, the wire service's Christopher Rugaber reported that "Freezing temperatures and snowstorms likely weighed on sales in February," and that "steep drops in gas prices dragged down…

Less than five hours after its release, the government's news that retail sales fell by 0.6 percent in February — compared to a 0.3 percent increase expected by economists and analysts — is buried way down (about 6-8 screens, depending on your computer) on the home page of Bloomberg News, where the focus is supposed to be on developments in business and the economy. Instead, the web site's main…

It has been eleven months since the firestorm over Mozilla co-founder and just-promoted CEO Brendan Eich ended in his resignation. Eich's "offense" had nothing to do with how he planned to run the business. What led to his departure shortly after he was named CEO was that six years earlier he had given $1,000 to those who supported the California Proposition 8 ballot measure prohibiting same-sex…

Stocks took a beating yesterday. The Dow Jones Industrial Average lost 279 points. The S&P 500 and the NASDAQ each declined by over one percent. The subject line of a USA Today email I received shortly after the closing bell crystallized the establishment press "wisdom": "Dow plunges nearly 280 points as strong jobs data raises Fed rate hike fears." The problem is that even though the…

Leave it to a writer at Mother Jones to dispense condescending healthy eating advice while serving up a side dish of alleged historical racism with a tincture of capitalism bashing. Kiera Butler, a senior editor there, didn't have to engage in either exercise to make her nutritional points, which may have some validity. She must have felt that her primary headline ("Why You Should Stop Eating…

Several conservative economic thinkers including CNBC's Larry Kudlow and media magnate Steve Forbes recently formed the Committee to Unleash American Prosperity in an effort to persuade aspiring presidents to focus on “the paramount challenge facing our country: slow growth and stagnant incomes.” Three economists in the group explained their goals in a March 3, Investor's Business Daily op-ed.

After yesterday's government report on economic growth reduced the fourth quarter's originally estimated increase in gross domestic product from an annualized 2.6 percent to 2.2 percent, you just knew that the Associated Press, aka the Administration's Press, would try to ride to the rescue. Late Friday afternoon, the AP's Martin Crutsinger gamely tried to concoct five reasons why we shouldn't…

Well before Obama moved into the White House, he believed his presidency would have “the potential for shifting the national paradigm” to the left as Reagan’s moved it to the right, and Brian Beutler contends that such a shift still could happen if “the economy’s rapid growth in recent quarters” continues.

The Fiscal Times is a generally strong and informative online publication. That said, it has occasionally exhibits symptoms of what could be seen as either serious leftist bias, quite disappointing ignorance, or both. One such example arrived in my email box early this morning. It contained the following headline and opening tease for a story about the food stamp program:

On today's Morning Joe, Mika Brzezinski suffered a bad bout of PKSD: Post Kiss Stress Disorder.  After a clip was rolled of John Boehner blowing kisses at a reporter, Mika got all verklempt, exclaiming "I know a lot of dirty old men who did that to me. I'm throwing up. That brought back bad memories."   Things got so bad for poor Mika that she eventually fled the set and had to be coaxed back.

Who said: "I've always believed the decline of the middle class could be tied to the decline of unions. And when you have 7%, 8% of the work force in unions, when you have CEO pay going up to record heights, you're going to have a hollowing out of the middle class." Was it a. Elizabeth Warren; b. Robert Reich; or c. Ed Schultz? Correct answer: d. None of the above.  It was Joe Scarborough on…

In a classic example of phony political jujitsu, an MSNBC contributor has tried to turn the patriotism issue back against Republicans. Appearing on today's Ed Show, Steve Clemons attacked the "patriotism" of GOP congressional leaders, accusing them of "undermining the security of the nation."   This because Republicans have attached amendments to the DHS funding bill denying funds for President…

On Friday, Jim Kuhnhenn at the Associated Press, aka the Administration's Press, seemed to enjoy President Barack Obama's rant against Republicans and others grossly dissatisfied with the economy's performance on his watch. He described Obama as "taunting Republicans" in his speech at the Democratic Party's winter meeting in Washington. The wire service itself seems less enamored of Kuhnhenn's…