Economy

While the Associated Press, New York Times, and the vast majority of the U.S. establishment press have avoided directly referring to Egypt's newly-approved constitution, spearheaded by ruler by decree Mohammed Morsi, as oriented toward imposing Muslim sharia law in that nation, the international press hasn't been so reluctant. Who do you believe, the rest of the world or your agenda-driven U.S-…

"I think quite bluntly leaving and losing their virginity on the issue of tax cuts is an important thing to these Republicans who have not voted – make it understood - no Republican in the House or Senate for 22 years has voted to increase taxes." So said PBS's Mark Shields on Inside Washington Friday (video follows with transcript and commentary, file photo):

CNBC host Maria Bartiromo went after Maryland Senator Ben Cardin on the air on Thursday (HT PJ Tatler; original here) after it became clear that Cardin and his fellow Democrats won't support any measure to prevent the fiscal cliff from arriving as currently scheduled on Janaury 1 which does not include increases in the highest marginal income-tax rates. At the end of her tirade, she got…

With 11 days until the United States goes over the fiscal cliff, ABC's Good Morning America focused squarely on Speaker of the House John Boehner and House Republicans for the failure to reach a negotiation with President Obama.  On Thursday, newly-appointed Chief White House Correspondent Jon Karl began his first story hyping Boehner's "crushing" loss when his "Plan B" was aborted for lack…

Jay Leno said a really inconvenient truth about the fiscal cliff negotiations on NBC's Tonight Show Wednesday "John Boehner told Congress to prepare for plan B," Leno teased during his opening monologue. "You know what that means when Congress talks about plan B? The rest of us end up with plan F and U. Okay? That's the plan we get, F and U."

At his news conference on Wednesday, President Obama opened with a statement of over 1,100 words, all of it on gun violence, including his announcement that "I’ve asked the Vice President to lead an effort that includes members of my Cabinet and outside organizations to come up with a set of concrete proposals no later than January -- proposals that I then intend to push without delay." That…

For many Americans, ABC, NBC and CBS are the major source of news on business and the economy. Unfortunately, this is like depending on the middle school student newspaper for information about important local school board deliberations. Network reporters are either ill-prepared to discuss complex issues of economics, finance and business or choose to be advocates for viewpoints rather than…

Without even realizing it, the Washington Post's Glenn Kessler has done a great service for the conservative movement and the interests of taxpayers. For the first time, we have in one place—citable in a mainstream news source—definitive proof that President Reagan was tricked into agreeing to a phony spending cut/real tax hike deal. The minor detail that the fact checker draws the wrong…

One of the most frustrating elements of the just-completed presidential race was the utter failure of Mitt Romney's campaign to make sure the American people learned that their government hasn't passed a budget since April 29, 2009. It seems that because those who follow the news closely already knew that, they figured the rest of the country did, which was -- and still is -- not the case. Of…

SINGAPORE -- While the U.S. unemployment rate "dropped" to 7.7 percent last month -- a figure even The Washington Post acknowledged was due "...in large part because the labor force fell by 350,000..." -- here in this modern and prosperous city-state of slightly more than 5 million people, unemployment is practically nonexistent. A taxi driver tells me, "Everyone here works." With…

Today's news from the Department of Labor on initial weekly unemployment claims was supposedly good -- as long as one doesn't scratch beneath the surface. Journalists used to do that. Today they didn't. All one had to do is reach the third paragraph of DOL's release to realize that today's seasonally adjusted claims number of 343,000, touted as the lowest in two months in several news reports…

Finally, Grover Norquist was the featured guest on the PBS NewsHour’s segment on the fiscal cliff.  After previous editions of the program featured softball interviews with Paul Krugman and Max Richtman -- two members of the far left who oppose entitlement reform -- as well as moderate conservative Republican Senator Bob Corker (R-Tenn.), the NewsHour saw it fit to give time to the anti-tax…

Charlie Rose and Gayle King pressed outgoing Senator Jim DeMint on Thursday's CBS This Morning over congressional Republicans resistance to tax hikes. When DeMint stated that President Obama will "probably eventually get his tax increases one way or another", Rose replied, "So, if he will get them, why not get them now and compromise and avoid going off the fiscal cliff?" Open Obama booster…

Back in the days when journalists practiced journalism, they would be on the alert for record-breaking news, whether positive or negative. These days, at least when it comes to the economy, it seems that they struggle to find positive records and ignore obvious negative ones right in front of their faces. A case in point is today's Associated Press report on November's Monthly Treasury…