Economy

We've seen it play out in several areas, one of which is climate science. Any researcher who questions the supposedly "settled science" of global warming is a hack who will produce whatever industry wants if they have ever accepted a dime from an energy company, while those who depend on government grants to sustain their livelihood — grants which heavily depend on toeing the politically…

Let's see. We know, to name just a few of many impositions, that much of the enrollee information that HealthCare.gov and other exchanges have communicated to insurers has been erroneous, that insurers have had to deal with signing up hundreds of thousands of policyholders they originally cancelled, that deadlines for premium payments have been serially revised, and that there is no…

If it weren't for a shamelessly dishonest, hyper-protective liberal media, the American people would know, unanimously and without doubt, that Obamanomics is killing American jobs. There is no silver lining in the December jobs numbers. Experts and analysts were expecting this latest jobs report, released Friday, to show 200,000 new payroll jobs in December, but there were only 74,000, which…

The Daily Beast’s Michael Tomasky has turned up the partisan hyperbole to 11.  In a January 13 piece, the leftist writer claimed that, “the fight over unemployment benefits underscores the right’s extremism” with a picture of Tea Party Senator Rand Paul (R-Ky.) featured to illustrate his point. The frequent MSNBC guest argued that because the GOP is demanding that for the first time in years…

Following up on Friday's awful jobs report from the government (only 74,000 seasonally adjusted jobs added, with the unemployment rate dropping to 6.7 percent only because adults continued to leave the workforce), the Asssociated Press's Christopher Rugaber tried to search for excuses. To its credit, the headline at Rugaber's report didn't blatantly dissemble like the one at Bloomberg, which…

The Labor Department released absolutely horrendous employment numbers Friday that are going to be difficult for the Obama-loving media to positively spin. Moments after the Bureau of Labor Statistics announced that only 74,000 jobs had been created in December with the unemployment rate declining due to almost 500,000 people leaving the job market, Christine Romans on CNN's New Day called…

"Obama approval ratings turn around," exulted the msnbc.com landing page headline for Traci G. Lee's January 9 story, "Positive start to 2014 for Obama: poll." Lee set about spinning the results of the latest Quinnipiac Poll, which shows President Obama sitting atop a 41 percent approval rating, up from a low of 38 percent in December, but still a net negative approval rating. Lee used the…

There's little debate among academic economists about the effect of minimum wages. University of California, Irvine economist David Neumark has examined more than 100 major academic studies on the minimum wage. He reports that 85 percent of the studies "find a negative employment effect on low-skilled workers." A 1976 American Economic Association survey found that 90 percent of its members…

Daily Beast political writer Patricia Murphy dutifully peddled Democratic spin on the economy and unemployment while singing the praises of Nevada Republican Senator Dean Heller who led a breakaway contingent of fellow GOPers to invoke cloture on a Democratic bill to extend unemployment benefits without any offsetting spending cuts. In her January 7 story "The Senate’s Last Compassionate…

CNN's Chris Cuomo pounded Republicans on Tuesday's New Day for demanding offsetting spending cuts in exchange for extending jobless benefits. "Are they holding these people hostage? I mean, shouldn't these be extended and then have a legitimate jobs policy discussion?" Cuomo asked in disbelief of Republicans holding out for a deal on jobless benefits. Cuomo is the brother of New York's…

Fifty years after it was first waged by LBJ, the federal War on Poverty has worked, and not only that, it's been a "wild success," the Daily Beast's Michael Tomasky is insisting. Great, that being the case, we can de-mobilize and drastically cut back spending on social welfare, right? Heaven forbid! No, Tomasky wants to double-down with efforts at tackling "income inequality." Of course,…

On CNN’s State of the Union Sunday, host Candy Crowley asked a question of Gov. Scott Walker (R-Wisc.) that should offend people on both sides of the aisle. “If I am an unemployed American…or if I am a minimum wage worker…why would I become a Republican?” (video follows with transcript and commentary):

Here's a nice catch by Kyle Wingfield at the Atlanta Journal Constitution. In late October, continuing a four-year pattern of making such claims, MIT's Jonathan Gruber, who along with Ezekiel "Zeke the Bleak" Emanuel is considered one of the two "architects" of the Affordable Care Act, aka Obamacare, pointed to a study which claimed that "the Affordable Care Act is working even better than…

It's hard to know what's more ridiculously entertaining when choosing between Jesse A. Myerson's "Five Economic Reforms Millennials Should Be Fighting For," the illogical screed in Rolling Stone which would lead to the enslavement of those about whom he claims to be concerned, or Myerson's tweets as the opprobrium has poured in. Since Noel Sheppard at NewsBusters has handled Myerson's…