Economy

The healthcare sector, particular hospitals, is hitting a wall. In a Sunday morning writeup, USA Today reporters Paul Davidson and Barbara Hansen considered this news "surprising," because Obamacare is supposedly going to bring hospitals so much new business. Well, guys, that new business needs to be profitable. Odds are it won't be. The staff cuts also appear to foreshadow the rationing so…

On Friday, NewsBusters had the privilege of being the first organization to interview New York Times bestselling author Ann Coulter about her new book, “Never Trust a Liberal Over Three - Especially a Republican.” What follows is the first part of the discussion (video follows with transcript):

Three New York Times reporters' coverage of HealthCare.gov's systemic failures is inadvertently funny. Its opening paragraph quotes Henry Chao, described as "the chief digital architect for the Obama administration’s new online insurance marketplace," as "deeply worried about the web site's debut" way back in March, and hoping that "it’s not a third-world experience." The Third World, many of…

There was no annual adjustment to Social Security benefits for inflation during 2010 or 2011. That's because the 2009 increase of 5.8 percent (announced in November 2008, and considered the "2009" increase at this table) was artifically lifted by the $4 per gallon gas prices seen in the summer of 2008, the period used in the annual inflation adjustment calculation. After gas prices came down,…

The Obama-loving media couldn't wait to report findings from an NBC News/Wall Street Journal poll concerning how the public are giving far more blame for the government shutdown to Republicans than the President. What they chose not to report was that 51 percent of respondents in the very same poll said of Barack Obama, "He is putting his own political agenda ahead of what's good for the country…

For someone whose job title is global business editor, Daniel Gross seems far more concerned with bashing businessmen for not toeing the liberal line than reporting business news. Then again, perhaps we shouldn't expect that much from The Daily Beast. Gross, who has slammed Apple's penchant for legal tax avoidance as being "too greedy for its own good" turned his attention today to Starbucks CEO…

MSNBC’s Chris Matthews said one of the dumbest things he’s ever said in his life Thursday evening, and that’s saying something. When NBC Tonight Show host Jay Leno asked if he thought John Boehner (R-Oh.) would lose his Speakership as a result of the current government shutdown/debt ceiling debate, Matthews responded, “It might be the greatest thing he ever does in his life” (video follows with…

  According to Chris Matthews, a new NBC poll showing bad poll numbers for the Republican Party is comparable to "Watergate." Finding that Americans blame Republicans over Democrats for the shutdown by a 22 percent margin, Matthews marveled, "I get the sense that this is a historic poll." Talking to Chuck Todd, the Hardball anchor prompted, "Compared to Watergate?" This was too much for…

PBS's Tavis Smiley made a comment Thursday that every African-American as well as liberal media member should sit up and take notice. Appearing on Fox News's Hannity, Smiley said, "The data is going to indicate sadly that when the Obama administration is over, black people will have lost ground in every single leading economic indicator category" (video follows with transcript and commentary):

  MSNBC reporter Luke Russert on Thursday found the need to gratuitously connect the anniversary of John Kennedy's assassination with a possible GOP extension of the debt limit. Appearing on Now With Alex Wagner, Russert said of the John Boehner-supported move: "So the idea is the debt limit would be extended until November 22, which is, by the way, the 50th anniversary of the death of the…

So here's an angle on the federal government shutdown that you're not getting from the liberal broadcast media. With non-essential personnel furloughed, federal regulators have not been at work, which is a huge blessing to an overregulated American economy, the Wall Street Journal's editorial board noted today. Indeed, new regulations published in the Federal Register have slowed to a trickle…

NewsBusters readers are well-aware that one of our problems with New York Times columnist Paul Krugman - besides his perilously liberal bias, of course! - is how he plays fast and loose with facts to support his agenda. On MSNBC's Morning Joe Thursday, co-host Joe Scarborough said, "One of the public editors of the New York Times told me off the record after my debate that their biggest…

Andrew Couts at Digital Trends is apparently the one who has broken the story (link is in original) that "The exact cost to build Healthcare.gov, according to U.S. government records, appears to have been $634,320,919, which we paid to a company you probably never heard of: CGI Federal." Without getting into minutiae, some of that amount may not be directly related to HealthCare.gov, but…

On Tuesday's Crossfire (HT commenter Gary Hall), liberal Democratic guest Bill Burton tried to impress the show's hostesses and guest David Limbaugh when he said of President Obama: "More people have jobs than they did when he took office." Wow. That's about the most unimpressive statement I've heard in years, and it would be beyond pathetic but for the performance of one state. Let's look at…