Economy

Paul Krugman at the New York Times and other fever-swamp leftists who, incredibly, are operating under the assumption that the economy has experienced an acceptable if uneven "recovery" during the five years since the recession ended are celebrating what they believe was an epic live "embarrassment" of Rick Santelli at the hands of Steve Liesman at CNBC on Monday. A Google search shows that…

Every so often a liberal pundit argues that even though Paul Ryan considers himself Catholic, his beliefs (on economics, at least) are closer to those of Ayn Rand than those of the Vatican. In a Friday piece for AlterNet, atheist writer CJ Werleman, author of books such as God Hates You. Hate Him Back, made a similar but far broader charge, claiming that Republicans in general routinely “…

Richard (RJ) Eskow, "a writer, consultant, and Senior Fellow at the Campaign for America's Future," is a certified "respectable" lefty. So as much as the idea which follows may seem laughable, it shouldn't be dismissed as the unhinged rant of someone with no influence engaging in some isolated "thought experiment" which isn't shared by others in leftyland. Eskow, in a Tuesday column at Salon…

At the Associated Press on Friday afternoon, Andrew Taylor, who it should be noted covers Congress and is not routinely on the economics or business beat, relayed an Obama administration prediction that economic growth in 2014 will come in at 2.6 percent. Taylor noted that this estimate, lowered from 3.3 percent, came about because of "the unexpected 2.9 percent drop in gross domestic product…

One of the reasons President Barack Obama and the left can continue to make their cherished "budget stalemate" arguments against conservatives and Republicans is that the establishment press has memory-holed tax increases, including "the largest tax increase in the past two decades," which have already taken place. It now acts as if taxes on "the wealthy," which are really taxes on "high-income…

MSNBC is not limited to televised displays of liberal bias. On the economics page of MSNBC.com, reporter Ned Resnikoff published an article earlier today entitled “Gap between minimum wage and tipped wage hits record high.” The All In with Chris Hayes contributor cited a new report by the Economic Policy Institute (EPI) claiming that tipped workers make a “significantly lower than the overall…

The press loves billionaire Warren Buffett, who can be relied to support President Barack Obama even in implausible circumstances — such as the current economy, where the "recovery" following the 2008-2009 traditionally defined recession has been worse than any since World War II, and barely better than what was seen during the awful post-Depression 1930s. Thus far, the press has managed to…

Donna Brazile apparently liked yours truly's NewsBusters post yesterday. That post ripped the Associated Press's Pollyanna-like coverage of the U.S. economy, and carried the following headline which may have caused several spilled drinks and soaked monitors among the genuinely informed — "AP: ‘Humming’ and ‘Rising’ U.S. Economy Is a ‘World-Beater.'" About five hours after the post's…

Fox News contributor and syndicated columnist Charles Krauthammer made a very interesting and logical correlation Friday. The press has predictably failed to make the connection or even to relay Krauthammer's point, simply because it leads to the default assumption that conservatives were right on an important economic issue. To be clear, the point Krauthammer and National Review Online's…

In the latest White House press release disguised as analysis at the Associated Press, aka the Administration's Press, AP stenographer Paul Wiseman sang the praises of this nation's "humming" job market and its "steadily rising" growth as the economy is "finally showing the vigor that Americans have long awaited." Wow. Of course, the White House — er, Wiseman — never mentioned the following (…

A prominent exhibit explaining why the nation's trust in its media establishment has dropped to precipitous lows would likely include Tom Cohen's Thursday afternoon column at CNN expressing befuddlement over President Barack Obama's unpopularity. After all, Cohen's headline crows that under Obama we have "more jobs" and "less war" (!), so there's a "disconnect" which must be explained. To…

July 2 marks the 50th anniversary of the signing of the Civil Rights Act and on Wednesday CBS This Morning used the event to highlight liberal labor activist Dolores Huerta.  CBS correspondent Michelle Miller began her 5 minute report by gushing over Ms. Huerta and described her as someone who “co-founded the United Farm Workers union with Cesar Chavez, fought for feminism with Gloria Steinem…

Reporting on the outcome of Harris v. Quinn on the front page of Tuesday's Washington Post, staff writers Jerry Markon and Robert Barnes buried the perspective of the successful party in the case, non-unionized home health care worker Pam Harris, in the 21st paragraph of the 29-paragraph article, "Ruling on union dues a blow to organized labor." But right out of the gate, Markon and Barnes…

Shortly after 3 PM Eastern Time Monday afternoon, an outfit called "Faithful America" issued a "Media Advisory" for an event which would take place at 7:30 PM Central Time. In the email, Faithful America claimed to be "the largest and fastest growing online community of Christians taking action for social justice," and to have 300,000 members. They may have that many members, but only about 0…