Economy

Time magazine's Michael Grunwald got to thinking about how to end IRS abuse of power when it comes to reviewing applications for tax-exempt status. But somewhere along the line he opted for the ol' liberal standby: more TAXES! In his commentary piece, "One Nation, Tax Exempt," Grunwald held out the idea of completely eliminating tax-exempt status for non-profits:

It was only two days ago that one of Charlie Rose’s guests, Politico’s Jim VandeHei, celebrated the disappearance of many outspoken Republicans from the political scene. On last night’s show, Rose invited on a pair of brash Democrats who vanished from Congress recently: former Sen. Chris Dodd and former Rep. Barney Frank. The former lawmakers were there to discuss the 2010 financial…

Forbes reported Thursday that as a result of ObamaCare, California health insurance premiums will increase by as much as 146 percent. Yet on Monday, New York Times columnist and Nobel laureate Paul Krugman said premiums in the Golden State would decline once ObamaCare was fully implemented:

As we've documented time and again, Newsweek global business editor Daniel Gross has a history of anti-business and pro-big government bias. Gross stayed true to form in his latest attack on a successful American business enterprise in his May 29 Newsweek feature, "Is Apple Too Clever By Half?" Gross's answer, unsurprisingly, was yes, and that the company was greedy because it has followed U.…

CNN exaggerated poll numbers on Thursday's Newsroom to claim that Americans are writing off the scandals of the Obama administration. CNN's Suzanne Malveaux and Alison Kosik reported that voters were "a lot more concerned about the economy" and were saying "to heck with the scandals." Yet poll numbers showed voters did not say "to heck with" the IRS scandal, as a vast majority still wanted…

While the Associated Press may get something wrong – and omit things on occasion – they’ve admitted one thing that the big three has yet to confirm: Obamacare will cost Americans their health care coverage.  In a story by Ricardo Alonso-Zaldivar that was published on May 29, he noted that Americans might find themselves stripped of coverage this fall since their current plans don’t meet the…

David Koenig's Wednesday coverage at the Associated Press of Exxon Mobil's annual meeting contained a predictable headline and related content telling us that the company wouldn't "explicitly ban discrimination against gays because the company already banned discrimination of any type and didn't need to add language regarding gays." Koenig's report apparently couldn't be considered complete…

The pity party for furloughed federal employees should be toned down. A story at CNNMoney.com notes something I don't expect will be only rarely be reported anywhere else, namely that there has been a concerted and likely largely successful effort on the part of federal employee unions to ensure that as many of their members as possible will be eligible to collect unemployment benefits during…

Talking to CNBC Mad Money host Jim Cramer on Wednesday's NBC Today about signs of improvement in the economy, co-host Matt Lauer wondered about past media fearmongering: "[What] we talked about over and over again over the last year was the sequester and whether it would pour a lot of cold water over our recovery here. Has that happened?" [Listen to the audio or watch the video after the jump…

In January my colleague Clay Waters noted how New York Times economics reporter Eduardo Porter called for Americans to pony up more in taxes in a piece headlined, "A Tax Bite Tailored To Help All." Porter is back at it again today in a Business Day section front-pager headlined, "The Trouble With Taxing Corporations." "We have a tax problem; we are not collecting enough tax revenue -- period…

Martin Bashir on Tuesday said New York Times columnist Paul Krugman "deserves the Nobel Peace Prize." Yes, the MSNBC host said Peace Prize - not one for economics - all because the perilously liberal economist has advocated more deficit spending and even more federal debt to stimulate the economy (video follows with partial transcript and commentary):

On Tuesday's CBS This Morning, John Dickerson spun a front page scoop from the Washington Post that spotlighted the several private meetings that a top Obama health care adviser had with investment firms on the future implementation of ObamaCare: "It's a little hard to see what those investment firms got that wasn't already publicly available." The liberal CBS political director brushed…

In "Go Ahead, Invade Their Phone Records: AP Reports Obama Has 'Alleged Scandals' and 'Alleged Misbehavior,'" Tim Graham at NewsBusters noted how Tom Raum at the Associated Press, aka the Administration's Press, claimed that "Alleged misbehavior by the Internal Revenue Service and other federal agencies gives the GOP something else to talk about and investigate as the economy clearly, if slowly…

Generally speaking, we try to avoid mentioning shrill leftist New York Times columnist Paul Krugman, not because he makes no absurd statements but because he makes so many of them. An exception to this rule must be made, however, thanks to an excellent piece by economist Robert P. Murphy in the American Conservative headlined “Heads Krugman Wins, Tails ‘Austerity’ Loses.” In the past several…