Economy

Buzzfeed's Ben Smith, who used to toil at Politico, must be blind in one eye and can't see out of the other. In what appears to be a sudden revelation in his column ("Obama Prepares To Screw His Base") on ObamaCare's harsh treatment of young people, Smith notes how they "will pay disproportionately for ObamaCare." What this really represents is something which alarmed those who studied the…

Mukesh Ambani, the richest man in India and the second-richest in Asia, predicted this week that the United States will be independent of foreign imports of energy in five to seven years. Such was said during an interview broadcast Sunday on CNN's Fareed Zakaria GPS.

In today's "Gag Me With A Spoon" segment, Time's Joe Klein on Sunday uttered some sychophantic words about the current White House resident that will send many Americans to their medicine chests for relief. Appearing on the syndicated Chris Matthews Show, Klein said with a huge smile on his face, "I think that the President really feels that the state of the union is stronger for several…

Despite his awful track record and penchant for making stuff up when it fits his agenda, New York Times columnist Paul Krugman is one of the liberal media's most beloved economic darlings. That's why it was quite a shock to see former Newsweek editor Evan Thomas slam him on PBS's Inside Washington Friday (video follows with transcript and commentary):

Nowadays, our nation's capital is in such ill-repute that if George Washington were around, he might sue to have his name taken off it. But never fear: restoring Washington's good name is just a few trillion dollars away! So Chris Matthews assures us in an MSNBC "Lean Forward" promo that is currently airing.  After ticking off a number of big-government programs initated under past…

Gas prices are at record highs for the time of year, and took a bigger bite out of household income last year than in decades, yet the topic has taken just a fraction of the broadcast network news programs’ time. “The Energy Department’s statistical arm reported Monday that the average household spent $2,912 for gasoline in 2012, which makes up almost 4 percent of pre-tax income, tying 2008…

A Wednesday report by Keith Laing at the Hill failed to point out a quite obvious contradiction during departing Transportation Secretary LaHood's appearance on NPR's Diane Rehm show. From all appearances, based on the video available at her site, Rehm, once LaHood launched into a predictable rant about how our transportation infrastructure is in serious disrepair, didn't ask -- and should…

Just three days after the inauguration, a White House official told The Hill's Erik Wasson that the Obama administration would be nine days late in presenting its budget blueprint, going to Congress on February 13 with the multi-volume spending plan instead of the February 4 deadline set by federal law. This marks the third year in a row that the president has missed the budgetary deadline.…

In a Friday editorial, Investor's Business Daily picked up a disturbing downside in the January 2013 jobs report released by the government's Bureau of Labor Statistics earlier that day: More people are working, but they're working fewer hours per week. In certain sectors, including retail, the industry's aggregate hours worked actually shrank compared to January 2012. Memo to Chris Rugaber at…

A Monday US News item by Jason Koebler ("Study: Global Warming Can Be Slowed By Working Less") illustrates how radical thought injects itself into establishment press news stories. Koebler's work attempts to be cute, with its picture (a cyclist taking a nap), its subheadline (a suggestion that "a more 'European' schedule would reduce the effects of climate change"), and its opening ("Want to…

On Monday's Morning Edition, NPR's Larry Abramson boosted an "international boycott movement" against Israeli company SodaStream without mentioning the left-wing ideology of the organizations behind the protest. Abramson merely described the boycott organizers as "supporters of Palestinian rights." The correspondent featured a soundbite of a December 2012 anti-SodaStream protest in Boston,…

There's a domestic energy boom happening in America producing thousands of jobs with the likelihood of creating thousands more if Washington doesn't get in the way. Not according to Robert Redford who published a scathing attack on such efforts at the Huffington Post Sunday evening calling on President Obama to "say no" to the Keystone pipeline.

Last week, President Obama blamed Republicans for the poor state of the economy. On CNN's State of the Union Sunday, former Bush Labor Secretary Elaine Chao scoffed at this saying, "I don't know how he can say that when he had control of both the houses in the legislative branch. He had control over the White House."

Following the governmemt's Employment Situation Summary yesterday, two words were noticeably absent at the Associated Press (here, here, and here), Bloomberg, Reuters, CNBC, and the New York Times: "seasonally adjusted." While they told their readers of the number of jobs supposedly added in total (157,000) and in other sectors, the fact remains that in the real world, before seasonal…