Economy

Most of America’s media think President Obama's 2009 bailout of General Motors and Chrysler was a huge success. Former Massachusetts Democratic Congressman Barney Frank threw cold water on this meme on NBC’s Meet the Press Sunday correctly informing viewers that the auto bailout lost money for the federal government. By contrast, we made money from George W. Bush's 2008 bank bailout (video…

It's almost amusing to watch writers like Christopher Rugaber at the Associated Press, aka the Administration's Press, pretend not to understand why the economy isn't growing as much as one would "expect" based on the number of jobs being added each month and falling weekly unemployment claims. In a Thursday story which was mostly worthless because the incompletely collected government data…

I guess we should acknowledge a tiny improvement when an ordinarily in-the-tank apparatchik like Jim Kuhnhenn at the Associated Press expresses even the slightest bit of skepticism about a White House claim. But let's not take it too far. Kuhnhenn is reporting in a brief "Big Story" item this morning that President Obama "is laying claim to an economic turnaround and warning Republicans not…

A recent NBC News/Wall Street Journal poll stumbled across a very interesting finding: 44 percent of respondents said they did not think Congress should raise the debt ceiling before the U.S. reaches it in October, while only half as many (22 percent) said Congress should raise it. On Friday, Andrea Mitchell reported that finding on her eponymous MSNBC program Andrea Mitchell Reports, but she…

CNN's Carol Costello is quite cozy with striking fast food workers who want the minimum wage at $15 an hour, but she is openly hostile with restaurant and retail executives. On Friday, Costello repeatedly badgered a retail executive over why Walmart wouldn't raise wages for D.C. employees even though some other businesses wouldn't have to. Sounding like a broken record, Costello didn't offer…

To lift themselves out of poverty, developing nations would do well to pursue a free market economic model. What's more, free markets are actually biblically justifiable and ultimately of greatest moral and material benefit to human beings compared with centrally-planned or socialistic models. In other words, there is a Christian case for free markets and free enterprise. That's the argument…

Appearing as a panel member on Sunday's Melissa Harris-Perry show on MSNBC, liberal columnist and former CNN correspondent Bob Franken accused those who complain about "class warfare" against the wealthy of themselves waging "class warfare," but in their case, "against everybody but the super rich class." Franken's negative interpretation of those who support capitalism came after host…

 All three networks on Tuesday and Wednesday touted a new report showing the gap between the wealthiest one percent of Americans and everyone else has grown to its widest level since the Great Depression. Yet, none of them mentioned that Barack Obama was president for the last five years, the time in which the disparity grew so large. In contrast, ABC, NBC and CBS hammered Mitt Romney in 2012…

Jay Leno was at his comedic best Tuesday evening. The NBC Tonight Show host spent much of his opening monologue lampooning President Obama beginning with, “It's still a little warm, but you can tell fall is coming...The leaves are changing faster than the White House position on Syria” (video and transcript follow):

Catholic News Agency is ahead of the curve on a likely major development affecting a U.S. household name. The Coca-Cola Company's sponsorship of a "controversial Spanish reality (TV) show" ("disgusting" would appear to be a better word) in Spain is blowing up in its face, and not only because of the content of the program itself. The caustic reaction of a Coke executive to those who have…

In a Saturday afternoon dispatch, the Associated Press marred a mostly decent presentation of the August employment situation reported by the government yesterday in three ways. The first is the story's misleading headline: "The Job Market Fed Faces: Healing But Still Ailing." Whether there's genuine healing going on is highly debatable, given that the labor force participation rate fell to…

Two months ago, NewsBusters asked when the Obama-loving media would get around to reporting the poor quality of jobs being created in this economy. On Friday, the NBC Nightly News did just that in a surprising segment that included a reporter actually saying, "Of the eight hundred forty-eight thousand jobs created this year, nearly two thirds are part-time" (video follows with transcript and…

Charles Krauthammer blasted Friday’s news that there are now over 90 million Americans no longer considered part of the workforce. Appearing on Fox News’s Special Report, Krauthammer said, “This is what happens when you become a European-like country.”

In Wednesday's Wall Street Journal, Stephen Moore had an excellent op-ed about how the Obama economy was hurting the president's political base the most. The next day, Journal reporter Julie Jargon shed light on an IRS rule change which will adversely affect waiters and waitresses throughout America by judging tips earned as a result of an "automatic gratuity" to be a "service charge" that is…