Economy

Since the financial collapse in the fall of 2008, we've heard doom and gloomers claim that America's best days are behind her. Not so said Bill Gates on CNN's Fareed Zakaria GPS Sunday who instead believes, "The digital revolution is just at the beginning" and that "we're going to surprise ourselves" with what we create in the coming decades (video follows with transcript and commentary):

Yesterday, AFL-CIO head Richard Trumka may have broken a modern record for chutzpah exhibited by a labor leader Friday in criticizing management's decision at bankrupt snack maker Hostess Brands to liquidate in the wake of irreconcilable issues with its unions. In a Friday afternoon report at Politico, Kevin Cirilli not only let Trumka get away with it; he also lent the labor leader's…

BMI Assistant Editor Julia Seymour appeared on "Your World" with Neil Cavuto to discuss the media's coverage of the Fiscal Cliff on November 15.  Seymour cited a BMI study which found that the three major networks blamed Congress 16 more times than they blamed President Obama for the approaching Fiscal Cliff. (Video below)

Nuns on the Bus tour leader Sister Simone Campbell appeared on MSNBC's The Cycle on Thursday afternoon to discuss her ministry, which predictably led to her left-wing agenda becoming the focal point of the conversation. The only host to take issue with her talking points was token conservative S.E. Cupp, who was armed with facts and figures that the good sister could not rebut except by…

The cast of Good Morning America on Friday treated the bankruptcy of Hostess and the loss of 18,500 jobs as a hilarious joke. Josh Elliott, George Stephanopoulos and others guffawed as they handed out Twinkies and ate them on set. [See video below. MP3 audio here.] This is the same program that repeatedly spun Republican Mitt Romney as out of touch with the average American. News anchor Josh…

Someone needs to tell Emily Jane Fox that for workers refusing to do scheduled work assigned by their employers to be engaging in a "strike" ("a concerted stopping of work or withdrawal of workers' services, as to compel an employer to accede to workers' demands or in protest against terms or conditions imposed by an employer") there needs needs to be enough of them to matter. If there aren't,…

NBC Tonight Show host Jay Leno took a swipe at his own sister network and the President Thursday. During his opening monologue, Leno said, "The economy is so bad MSNBC had to lay off 300 Obama spokesmen" (video follows with transcript and commentary):

A congressional investigation into a failed venture capital firm run by a prominent former governor has faulted said governor for the debacle, which famously lost some billions in investor funds which, to this day, have not been accounted for. No, it wasn’t Mitt Romney – it was former Democratic Governor of New Jersey Jon Corzine.  One mystery that plagues this investigation is Mr. Corzine’s…

Earlier today (at NewsBusters; at BizzyBlog), I noted how several reports from the Associated Press, aka the Administration's Press (here, here, and here) buried the major news about President Obama's opening demand to Congress over resolving the "fiscal cliff" of tax hikes scheduled to take effect on January 1. His demand for $1.6 trillion in tax increases over the next ten years is twice what…

When it comes to reporting on the what the White House wants to achieve in talks with Congress about averting the "fiscal cliff," one apparent theme at the Associated Press, aka the Administration's Press, has been "Bury the lede about the size of Obama's tax increases." I'll cover another theme ("Let them get away with misstating the 'balanced approach'") in a later post. President Obama now…

Investors were clearly displeased with Barack Obama's comments Wednesday about raising taxes on the top two percent of wage earners. In fact, stocks began to drop during the President's press conference, and then tanked once he was done (chart courtesy BigCharts.com).

Despite CNN correspondent Dana Bash's claim that "neither side has a really clear mandate" from the election, CNN anchors went ahead on Tuesday and Wednesday and pushed Republicans to admit that President Obama has a mandate to raise taxes by virtue of his party's election gains. On Tuesday night, Piers Morgan called Paul Ryan's denial of a mandate "ridiculous, given President Obama was re-…

Well, there's one little bit of good news in Martin Crutsinger's final report on yesterday's release of the federal government's October Monthly Treasury Statement (I did a review of his initial take yesterday [at NewsBusters; at BizzyBlog]). The good news is that Crutsinger, unlike in most months during the past several years I have reviewed such reports, actually identified the single-month…

Unless today is a total surprise and runs contrary to most of what we've seen during the past four years, President Obama will go through another "news conference" without a great deal of difficult or aggressive questioning from the assembled press corps. Carrie Budoff Brown and Josh Gerstein at the Politico seem to think otherwise, and have produced a lame list of seven questions they think…