Economy

For the second time in less than 24 hours, ABC's Jon Karl on Tuesday hyped a "newfound willingness" by Republicans to compromise on raising taxes and a possible abandonment of "anti-tax enforcer" Grover Norquist. [See video below. MP3 audio here.] Yet, this didn't appear enough for Karl who lamented that "even Republicans who say they are willing to violate the pledge say they will only do so…

Billionaire Warren Buffett said Monday that there should be a minimum tax on the wealthy. Appearing on CNN's Piers Morgan Tonight, low tax advocate Grover Norquist responded, "If he wants to write a check, he should write a check and shut up about what everybody else should do" (video follows with transcript and commentary):

After smiling on Republicans who stepped away from Grover Norquist's no-tax hike pledge, CNN pressured the GOP House Majority Whip to raise income tax rates on Monday's The Situation Room. Anchor Wolf Blitzer suggested a tax hike on those making over $250,000 a year, noting "those families and those small businesses did quite well during the years of the Clinton administration when the rate…

On the November 25 broadcast of ABC's This Week, former Bush advisor Matthew Dowd continued his shift away from the Republican Party by bashing conservative anti-tax activist Grover Norquist, saying he’s a impediment to good government. For good measure he childishly drew the connection to the name of a Muppet character on Sesame Street. "Grover Norquist is an impediment to good governing…and…

Charlie Rose and Norah O'Donnell sung from the same liberal sheet music on Monday's CBS This Morning as they tried to get Republican Senator Bob Corker to commit to higher federal taxes. Rose wondered if the Corker was "prepared, as others are doing, to...say, I'm going to forgo the [anti-tax hike] pledge because it is outdated and the country's problems are too big." O'Donnell asked the…

CNN broke out the pom-poms on Monday and cheered the Republicans who reneged on Grover Norquist's no-tax hike pledge. CNN contributor John Avlon lauded them as "profiles in courage." Avlon quipped that now "people don't fear the Grover. And that's a good thing, you know." Anchor Carol Costello clearly liked the GOP mutiny, asking "how excited should we really be by all of this talk of…

Deck the halls! The Obamas were Christmas shopping on "Small Business Saturday," and spurring economic growth with their consumer spending.  Economic activity that may come to an abrupt end if we take the plunge off the fiscal cliff. CBSNews.com reporter Lindsey Boerma wrote on November 24 about the outing detailing how, “accompanied by his daughters Sasha and Malia, the president journeyed…

This morning the Obama administration's "National Economic Council & Council of Economic Advisers" jointly released "The Middle-Class Tax Cuts' Impact on Consumer Spending & Retailers." Among the howlers in this non-economic political document: "Independent Economic Analysis Clearly Demonstrates Why We Need to Extend the 2001/2003/2010 Tax Cuts for the Middle-class." But not everyone…

America has created almost six trillion dollars in new debt in the past four years and Time magazine's Joe Klein wants to "bring back earmarks." On ABC's This Week Sunday, Klein also said, "I think John McCain did a tremendous disservice to this country by making such a huge campaign about earmarks" (video follows with transcript and commentary):

The third page of an unbylined report with an early Saturday time stamp credited to "USA Today" carried at the Jackson, Mississippi Clarion Ledger (like USAT, a Gannett Company) claimed that "Walmart heiress Alice Walton expressed solidarity with Walmart's striking workers." Putting aside whether or not an action taken by what the company estimated may have been fifty associates is a "strike…

Last Man Standing star Tim Allen had some harsh words Wednesday for how our government is currently operating. Appearing on ABC's Jimmy Kimmel Live, Allen said, "You better give your money away before it gets taken from you" (video follows with transcript and commentary):

Jay Leno continued his string of comedic attacks on the current White House resident Wednesday. During his opening monologue on NBC's Tonight Show, the host said that because Democrats did so well on Election Day, President Obama is running out of Republicans to blame the fiscal cliff on (video follows with transcript and commentary):

Ah, Thanksgiving.  A time for Americans to come together, be grateful for their blessings—and tell people with different politics to stuff it? That's apparently Ed Schultz's take on the holiday. On his MSNBC show this evening, gloating over his presumption that taxes will be going up on the top 2%, Schultz sent this warm 'n fuzzy message to John Boehner: "think about it over your turkey and…

Jesse Jackson Jr. resigned from office today. The timing of the Democratic congressman's resignation (even beyond it taking place on Thanksgiving Eve) is convenient, coming just two weeks after his reelection and prior to what in apparently an imminent indictment. The former enables Democratic Party kingpins in Chicago and its south suburbs to ensure that the seat stays with someone they like…