Economy

Thursday on his Your World show, host Neil Cavuto went after the Obama administration's near obsession with the coverage it gets on Fox News. While Team Obama can count on the Big Three triumvirate of ABC, CBS and NBC to toe the line, promoting its points while generally avoiding damning information, Fox has generally remained fair and balanced, an approach which has clearly gotten under their…

On February 12, in a report on inventories, the Associated Press's Martin Crutsinger referred to an economist who believed, in Crutsinger's words, "that the economy expanded at a 2 percent annual rate in the final three months of the year (2014)." That result would be a fairly significant downward revision to the 2.6 percent rate the government estimated in late January. The next day,…

The American Prospect’s Paul Waldman argues that “anti-intellectualism has often been an effective way for Republicans to stir up class resentment while distracting from economic issues. It says to voters…[d]on't aim your disgruntlement at Wall Street, or corporations that don't pay taxes, or the people who want to keep wages low and make unions a memory. Point it in a different direction, at…

The federal government today reported a $17.5 billion budget deficit for January. That brings this fiscal year's shortfall through four months to $194.2 billion, up from $182.8 billion during the same period last year. As usual, the Associated Press's coverage, this time delivered by Martin Crutsinger, named the nation's "Worst Economic Writer" by National Review's Kevin Williamson two years ago…

It wasn't what CNBC hosts Simon Hobbs nor Sarah Eisen expected or wanted to hear. In stark contrast to the upbeat Federal Reserve forecasts, Steven Ricchiuto, chief economist of Mizuho Securities weighed in with a distinctly glum picture of the near future.  

On successive front pages Saturday and Sunday, the New York Times hit from the left presidential prospects from each party: liberal Democrat Hillary Clinton and Bobby Jindal, the conservative Republican governor of Louisiana.

Yesterday, in a column at his organization's web site, the head of the nation's leading polling organization called the government's official unemployment rate, currently at 5.6 percent, a "big lie." Rest assured that if Gallup Inc. Chairman and CEO Jim Clifton had written this column during a Republican or conservative administration, his words would have been picked up by the Associated Press…

On Friday, the government reported that the nation's economy, as measured in its real gross domestic product, grew at an annual rate of 2.6 percent during last year's final quarter, sharply trailing analysts' consensus predictions ranging from 3.0 percent to 3.6 percent. As is the case after the first version of every GDP report, economy watchers have been trying to estimate the effect other…

ABC's Good Morning America on Tuesday ignored the massive new budget proposed by Barack Obama (and the tax increases contained within). NBC's Today, despite four hours of air time, allowed a scant 23 seconds. But in that brief period, news reader Natalie Morales spun, "President Obama unveiling a record $4 trillion budget on Monday aimed at helping the poor and middle class." 

Rand Paul to reporter: "Calm down a bit here, Kelly. Let me answer the question." Joe Scarborough to guest: 'Let me finish my sentence and then you can be a condescending liberal Emanuel." The two responses sound similar, don't they? Two guys getting frustrated by their interlocutors' interruptions.  The irony is that Joe Scarborough devoted a segment on today's Morning Joe to rapping Rand Paul…

On Monday, President Obama released his 2016 budget, which calls for increased spending and raising taxes, and on MSNBC’s The Cycle, so-called conservative co-host Abby Huntsman did her best to scold the GOP for opposing the tax-and-spend Obama budget. Speaking to Lauren Fox of National Journal, Huntsman proclaimed that Republicans’ “big thing is we’ve got to cut spending, this is not something…

The Seattle Seahawks yesterday - in a moment of profound foolishness - forsook Beast Mode for Least Mode.  And it cost them the Super Bowl.   But they can take ever so slight solace - the Media has been in Least Mode for decades.  This has been on prominent display throughout the Barack Obama Administration - and certainly when it comes to the Administration’s many, MANY unilateral power grabs…

At the recent meeting of the world's elites in Davos, former U.S. Vice President Al Gore and former Mexican President Felipe Calderon circulated a proposal to ban cars in all major cities in the world by dense-packing their layouts. The cost, as I noted on Monday: a mere $90 trillion (that's right, trillion). It's telling in a foreboding sense that the pair's idea wasn't laughed off the continent…

Yesterday's government report on the economy's growth, which told us that the nation's gross domestic product grew at an annual rate of 2.6 percent during the fourth quarter, sharply underachieved analysts' expectations of an annualized 3.0 percent to 3.6 percent. The stock market clearly reacted negatively to the downside surprise. Bloomberg's take at the end of the day: "U.S. stocks fell Friday…