Economy

Drudge 'Liberty Tax' Update: A CPA Firm Employee Weighs In
March 27th, 2014 10:25 AM
One of the odd things about the weekend pot-stirring by Matt Drudge over his stated inclusion of one-quarter of his estimated 2014 "Obamacare penalty" tax for not carrying health insurance coverage this year — calling it a "liberty tax" — is that few if any of those who criticized him seem to have bothered to consult with a tax practitioner for an expert take on the matter before what we now…

Politico: Obama Wants 'Halo Effect' From Pope Francis, 'Whose Cool Fac
March 26th, 2014 10:54 PM
Someone needs to tell the Politico's Carrie Budoff Brown that it isn't 2008 any more. While they're at it, that person also needs to inform her that the Pope Francis, the head of the Roman Catholic Church, could give a rip about whether or not he is perceived as "cool," and certainly isn't Obama's "replacement."
Budoff Brown wrote tonight that President Barack Obama's meeting tomorrow with…
MSNBC’s Mika Brzezinski to Rick Perry: ‘What The Heck Is Going On
March 25th, 2014 9:42 AM
“Morning Joe” co-host Mika Brzezinski has been engaged in an ongoing rant about the mythical pay gap between men and women. Over the past week, the liberal MSNBCer has used her daily platform to repeat the false statistic that women earn 77 percent of what their male counterparts make.
After allowing formerPresident Jimmy Carter to repeat the erroneous statistic on Monday’s broadcast, Mika…
AP's Bauer Scrubs Democrat Mary Burke's Lie About Unemployment Under S
March 24th, 2014 4:48 PM
It takes quite an effort to for a Democrat to produce a campaign ad which is so obviously and blatantly false that it virtually forces the left-loving Politifact to promptly issue a "Pants on Fire" evaluation. But that's what Wisconsin Democratic gubernatorial candidate Mary Burke managed to do when her campaign's opening TV ad claimed that "under (incumbent Republican Governor Scott) Walker,…
Jimmy Carter Repeats Wage Gap Myth on ‘Morning Joe’ Appearance; MS
March 24th, 2014 1:18 PM
President Jimmy Carter must watch a lot of MSNBC because he did an excellent job pushing their liberal talking points. The Georgia Democrat appeared on the March 23rd “Morning Joe” to promote his latest book and subsequently repeated MSNBC’s liberal agenda.
Appearing on Monday, Carter falsely claimed that “Women get about 23% less pay for men for the same job" an incorrect statistic that…

Chicago Trib 'Forgets' Illinois' Unpaid Bills in Covering Dems' 'Milli
March 22nd, 2014 8:57 PM
I would say "Only in Illinois," but I suspect that other states have similar problems and would propose "solutions" just as nutty as the Democratic state Speaker Michael Madigan and his party have chosen.
The state has an unpaid bills backlog of $5.8 billion, meaning that vendors are going months before they get paid. We're supposed to be thrilled that this total is down from $8.8 billion…

MSNBC’s Sharpton Repeats False Gender Pay Stat; Quasi-Conservative
March 20th, 2014 3:56 PM
Liberals just can’t seem to let go of the myth that women earn 77 cents for every dollar a man makes doing the same job. On Wednesday’s PoliticsNation on MSNBC, the Rev. Al Sharpton repeated that bogus claim, and his supposedly conservative guest, Abby Huntsman of The Cycle, failed to call him out on it. [Video below. MP3 audio here.]
Sharpton asked, “Abby, women make about 77 cents for every…

Politico Falsely Frames Opposition to Obama Admin's Transfer of ICANN
March 18th, 2014 4:16 PM
One of the more annoying aspects of establishment press coverage of many controversial issues is the outlets' tendency to act as if opposition to many things (really almost anything) which advance the left's agenda springs exclusively from Republicans. One obvious example is abortion, as if you can't be pro-life and libertarian or liberal (see: Nat Hentoff).
Another budding example has to do…

U.S. ‘Transitioning’ Domain Name Functions to ‘Global Community
March 14th, 2014 8:12 PM
In a late Friday afternoon release, the U.S. Department of Commerce's National Telecommunications and Information Administration (NTIA) announced its intent "to transition key Internet domain name functions to the global multistakeholder community." The statement is full of the kind of dense bureaucratic language one tends to see when the agency is doing something really important but…

D'oh! Ed Schultz Fears Obama Will Damage Economy 'Even Further
March 14th, 2014 7:28 PM
Radio libtalker and MSNBC action hero Ed Schultz used to be conservative, as he'll occasionally remind his audience. Earlier this week on his radio show, he lapsed back.
The occasion was a discussion with a caller over President Obama's apparent support for the proposed Trans-Pacific Partnership (TPP), a trade pact that would involve the U.S., Canada, Mexico and nine other nations in South…
WSJ: Terrorists Could Darken U.S. Power Grid; Nets Ignore, Cover Late
March 14th, 2014 1:03 PM
"The U.S. could suffer a coast-to-coast blackout if saboteurs knocked out just nine of the country's 55,000 electric-transmission substations on a scorching summer day, according to a previously unreported federal analysis," the Wall Street Journal's Rebecca Smith reported on the front page of Thursday's paper. A set of "coordinated attacks in each of the nations' three separate electric…

AP's Boak Hypes Weak Feb. Retail Sales Growth as 'Rebound
March 13th, 2014 5:33 PM
February's retail sales as reported may have been expectations of a 0.2 percent seasonally adjusted rise, but the 0.3 percent increase turned in was still far from impressive, especially after considering that the Census Bureau revised January's result down to -0.6 percent from an originally reported -0.4 percent.
Naturally, that didn't stop the Associated Press's Josh Boak and his story's…

CBS Hypes That Millions 'Stand to Benefit' From Obama's Attempt to Byp
March 12th, 2014 8:10 PM
CBS was the only network on Wednesday evening to report President Obama's plan to bypass Congress and force businesses to pay employees extra for overtime work. NBC and ABC both ignored the news.
Yet CBS reported the news in a positive manner, noting how "an estimated 10 million workers stand to benefit from the President's plan." White House correspondent Major Garrett said it was "part of…

Daily Beast: 'Generous Guy' Obama Rewrites Overtime Regs as Back-door
March 12th, 2014 2:40 PM
Hailing him as a "Generous Guy," in this morning's "Cheat Sheet" digest [see screen capture below page break] the editors of the Daily Beast today praised President Obama for planning to "unveil a plan to force businesses to pay more overtime to millions of employees," justifying the move since the country "[faces] an economy where workers' wages have stagnated while corporate profits have…