Economy

As you probably know, the 1980s were boom years for conservatives. Among the most prominent right-wingers back then: Ronald Reagan, Tom Clancy, Casey Kasem… OK, Kasem, who died on June 15, actually was a staunch liberal, a supporter in that decade of Jesse Jackson and later of Dennis Kucinich. But during the ‘80s, wrote Scott Timberg in a Sunday piece for Salon, “we had a political and…

In a Thursday New York Times op-ed, columnist Timothy Egan, who previously "worked for 18 years as a writer" at the Times, went after Wal-Mart as "net drain on taxpayers, forcing employees into public assistance with its poverty-wage structure." In his view, working at Wal-Mart and receiving its "humiliating wages ... certainly keeps you poor." At the company's blog, David Tovar, Walmart's…

MSNBC”s Chris Jansing has just become NBC News’ Senior White House Correspondent and it seems as though she has brought MSNBC’s liberal ways with her. For her first assignment on Monday, June 23, Jansing did her best to promote the Obama Administration’s “Summit on Working Families”, where MSNBC’s Mika Brzezinski participated in a panel entitled “Family Matters.” Jansing began her inaugural…

Promoting an upcoming White House summit on working families during an interview with President Obama aired on Monday's CBS This Morning, co-host Norah O'Donnell lobbed a series of softballs on the issue, starting with: "I know you said in your State of the Union, 'When women succeed, America succeeds.' What's the single most important thing you think you can do to help working women?" [Listen…

Timothy Egan, the liberal New York Times reporter turned ultra-liberal columnist, flashed hostility to Wal-Mart (and capitalism in general), as well as a broad ignorance of economics in his latest Sunday Review column, "Corporate Daddy." For some time now, Republicans in Congress have given up the pretense of doing anything to improve the lot of most Americans. Raising the minimum wage? They…

"A record number of people in the U.S. are unemployed, and the Obama administration would rescue them from their situation, but they’re not AWOL from their military units." To subscribe to NewsBusted via email, sign up here. To watch the Friday, June 20 edition, click play on the embed below the page break. To subscribe at YouTube, visit the NewsBusted channel here.

Democrats control the White House and Senate and won a clear majority of the vote in 2012 House elections, but American Prospect co-editor Robert Kuttner thinks that Republicans might be even less popular if Dems weren’t so shy about advocating economic policies markedly to the left of the ones they now support. In a Monday post, Kuttner argued that only the rich have benefited from thirty-…

Some readers here may have a tough time discerning why the economy's mediocre to stagnant performance isn't fully registering with the general public, which feels that things aren't going too well but still doesn't how weak the situation really is. The obvious answer is that the press overemphasizes any good news which appears and downplays marginal or bad news — while occasionally, as seen…

On Wednesday, June 17 Bloomberg reported that Bill and Hillary Clinton are taking advantage of financial planning strategies to avoid paying a hefty estate tax, even though the Clintons are prominent supports of the tax.  Despite the report, ABC, CBS, and NBC have all ignored the story on both their morning and evening newscasts. According to Bloomberg: “The Clintons are using financial…

There must have been a double delivery of Obama administration koolaid over at Bloomberg News this morning. The business wire service, which ordinarily is slightly less imbalanced in its business and economics reporting than the Associated Press, somehow interpreted a 6.5 percent seasonally adjusted decline in housing starts during May and a nearly identical percentage drop in building…

Last Friday, the Internal Revenue Service announced that it had lost approximately two years of emails from former employee Lois Lerner.  Despite the damning new revelations in the IRS scandal, ABC and NBC have failed to cover the story as of Monday June 16, and only CBS This Morning reported on the emails on Monday but their evening news program ignoring the IRS alongside ABC's World News…

So it turns out there that something doesn't have to be true to be funny. Many a thinking American - who knows media bias - finds the following perversely appropriate. Young Get News From Comedy Central Tom Brokaw, Peter Jennings, Dan Rather ... and Jon Stewart? Readers over 30 might scoff at Stewart's inclusion - assuming they know who he is. For many under 30, the host of Comedy…

You've got to hand it to Martin Crutsinger at the Associated Press. His Thursday writeup on May's disappointing retail sales result — a 0.3 percent increase compared to expectations of 0.4 percent to 0.6 percent — was infused with optimism. It's "unlikely to derail overall economic growth." There's been a "revival in consumer spending." We'll see "boosting incomes and supporting stronger…

On Tuesday, the Associated Press carried a regional story about the status of North Dakota's planting season. Readers will be pleased to know that 93 percent, 78 percent, and 92 percent of the state's wheat, potato and corn crops have been planted. Of course, farm news is important in the Roughrider State. But so is the latest information on its stratospheric economic growth, as well as…