Economy

Five days ago, this NewsBuster wrote that Harold Ford, Jr. "seems more interested in cultivating friends and avoiding offense than in saying anything interesting." On Morning Joe that day, Ford had managed to praise a trio of pols, even breaking out the old "my dear friend" line to describe one of them.  When Ford employed the same shtick on today's show, Joe Scarborough eventually had enough,…

There are three major factors that stand in the way of entitlement reform and the other responsible budgetary measures that must be taken to avert an eventual national financial catastrophe, and they have a common source. The first is that too many American people remain, amazingly, in the fog about the scope of the problem. The second is that a certain political ideology refuses to…

Editors for CNN's breaking news emails delivered subscribers a 50-word alert on how "[a] state judge invalidated a New York City law banning certain venues from selling sugary drinks in containers larger than 16 ounces." But rather than couch the stay on the new regulation as a victory of individual liberty, the editors described the ruling as "a setback for Mayor Michael Bloomberg, who has…

The sequestration may have fizzled out as a national crisis, but it's still killing jobs, apparently. Saturday's New York Times lead story by Nelson Schwartz and Binyamin Appelbaum strongly insisted that last Friday's surprisingly good job numbers from the Labor Department are endangered by the 2.4% federal spending cuts known as sequestration, "Jobless Rate Dips to Four-Year Low – 236,000 Jobs…

In a New York Times op-ed which has been receiving deserved criticism from other quarters concerning other matters (e.g., here and here), Ta-Nehisi Coates ("The Good, Racist People") repeated one of those establishment press-induced "everybody knows" mantras which doesn't stand up to scrutiny after considering the available evidence: "New York is a city, like most in America, that bears the…

In case you missed it, the February jobs report on Friday contained some encouraging news. National Journal’s Michael Hirsh wrote that the BLS numbers gave President Obama “what he’s wanted for four years: an unemployment rate that’s below where he started as president, 7.7 percent.” But Hirsh was guarded in his optimism, also acknowledging that “things are not really as good as the numbers…

While you were watching Rand Paul's historic filibuster and the debate surrounding budget sequestration, an economic theory battle was waging between two of the nation's foremost liberal economists Paul Krugman and Jeffrey Sachs. In his most recent salvo published at the Huffington Post Saturday, Sachs spoke heresy to Obama-lovers across the fruited plain including Krugman claiming that…

At the Associated Press, aka the Administration's Press, Martin Crutsinger's treatment of the February employment report released on Friday was pretty much the slavering soliloquy one would have expected. Crutsinger described the past four months as a "hiring spree," and the job market as "accelerating." Even sticking with the seasonally adjusted figures, that doesn't stand up well, given…

Does David Brooks read the news?  I’m sure he does, but with the liberal media failing to report on the spike in gas prices – it’s no surprise that this New York Times Republican thinks the price of oil has gone down...instead of the "worst February on record." On the PBS Newshour last night, Ruth Marcus filled in for Mark Shields, and said that the new jobs numbers are a positive development…

With all the talk of sequstration and its supposed "austerity on autopilot" (as characterized at Voice of America -- your tax dollars at work against you), it's useful to look at what has really been happening with federal spending over the past six years, something the establishment press is very reluctant to do. On Thursday, the Congressional Budget Office released its February Monthly…

The Broadway musical "Annie" is enjoying another revival on Broadway. The show opened during the Carter administration when America was in need of some optimism. "The sun'll come out tomorrow," sang Annie, and with the election of Ronald Reagan in 1980, for a while, it did. Now we're back in "Hooverville," the name given to shanty towns that popped up during the Great Depression. It isn't…

The liberal media should have reported President Obama's Chicken Little sky-is-falling claims about the sequester, but "with clear skepticism" instead of mindlessly parroting them, NewsBusters publisher Brent Bozell told Fox News's Sean Hannity on the March 7 edition of his eponymous program.  "They should have gone to the American people and in effect said, this man is lying," but instead, "…

UPDATE AT END OF POST: Hannity and Bolling issue comment. The Obama administration announced Tuesday that it's canceling public tours of the White House beginning this weekend due to budget sequestration. On Thursday, Fox News hosts Eric Bolling and Sean Hannity each offered to pay for one week's worth of tours to keep the White House open to the public.

A daily feature on MSNBC’s Jansing & Co. is the ‘tweet of the day’ in which host Chris Jansing showcases a tweet from a politician or a member of the media that is topical to a major news event. Most of Jansing’s featured tweets are from liberal journalists, and on March 7, things weren’t much different.  Following coverage of Senator Rand Paul’s (R-Ky.) 13-hour filibuster over the…