Economy

Today's report on the growth of gross domestic product (GDP) during the second quarter didn't impress anyone -- except, apparently those who send out email alerts to CNN Money subscribers. For several years, it has seemed like the primary goal of these alerts has been to create the illusion of pervasive prosperity when the economic news is even remotely tolerable, and to ignore or downplay…

While many liberals cheer the harsh words that Democratic Mayors Thomas Menino (Boston) and Rahm Emanuel (Chicago) have had for the Chick-fil-A fast-food chain as a result of its conservative, pro-traditional marriage president, editorial boards at liberal newspapers in those two cities have come out with strong criticisms for the anti-conservative bullying. "[W]hich part of the First…

Poor guy. This darned economy has a mind of its own and isn't cooperating. That's pretty much what you're forced to think in the following cop-out sentence from the Hill in anticipation of tomorrow's report on second-quarter gross domestic product (along with revisions to prior years):

On Thursday's CBS This Morning, Charlie Rose and John Dickerson shamelessly defended President Obama's "you didn't build that" comments on business. Rose asserted, "If you look at the full context of that He was talking about building roads to these businesses, and they didn't build the roads." Dickerson invoked a liberal slogan from the 1990s: "What the President was saying, is it takes a…

The federal Consumer Product Safety Commission  (CPSC) is taking a company to court to make it stop producing their popular Buckyballs magnetic desk toy, even though the company markets the product to adults and includes warnings that the toy is unsafe around children. That's right, it's a desk toy marketed to adults, the vast majority of whom will keep them at their desk at work -- a…

No matter how inane or damning his comments and answers to inquiries, it appears that Obama Treasury Secretary Tim Geithner can continue to count on favorable coverage from the Associated Press, aka the Administration's Press, aka the Administration's Protection. The AP's Marcy Gordon, with the help of her story's headline writer, made Geither's appearance before the House Committee on…

I suppose the Associated Press deserves some credit for what appears to be a grudging acknowledgment that opponents of the oil and gas drilling technique known as hydraulic fracturing, aka "fracking," "sometimes mislead the public." Also, Kevin Begos's story does a good job of letting Josh Fox, producer of the fundamentally dishonest documentary "Gasland," hang himself with his own dodgy,…

You can tell the President Obama’s speech wherein he claimed that successful business entrepreneurs “didn’t build that” has struck a nerve among the American public because liberal pundits are bending themselves out of shape trying to defend it. Inc. columnist Bill Murphy Jr. asserts critics of Obama take his sentence out of context but then procedes to do the exact same thing.

Charlie Rose omitted mentioning the continuing high unemployment rate as he interviewed Treasury Secretary Tim Geithner on Tuesday's CBS This Morning. Rose also forwarded a criticism Geithner from the left, that the Cabinet official was "too friendly to the banks, because he knew them from his years at the New York Fed." The anchor also didn't challenge the Obama administration official's…

In an article for NBCNews.com's First Read on Monday, Domenico Montanaro eagerly proclaimed to readers: "Mitt Romney has criticized President Obama for his 'you didn't build that' line, when it came to businesses....But in 2002, during his speech at the Opening Ceremonies at the Winter Olympics....Romney made a similar argument about Olympians." Romney simply told the Olympic athletes – many…

The way to Mika Brzezinski's heart is through her stomach.  Or better put, through using the power of the state to limit what we can put into our stomachs. On Morning Joe today, Brzezinski declared her love for NYC Mayor Mike Bloomberg.  Why? Because of the Nanny-in-Chief's various food prohibitions, the latest being his limit on the size of soft drinks.  Mika's view of those who support a "…

In an unintentionally hilarious variation on the some-of-my-best-friends-are line employed by people defending themselves against accusations of prejudice, Elizabeth Warren—lefty Dem candidate for Senate from Massachusetts—has claimed that various people close to her have started small businesses. Warren let loose her laugh line on Al Sharpton's MSNBC show this evening, responding to an ad…

Gosh, if Apple would only send the money it has parked overseas back to the United States and pay income taxes on it, the federal government's situation would be so much better, the budget would would balance, and ... no, not really. According to Peter Svensson at the Associated Press, the company has $74 billion in cash parked overseas, meaning that it would owe federal income taxes of about $…

In a post-Occupy Wall Street/Buffett Rule world, I bet you'd never expect a liberal news organization to admit that you can't solve all the country's problems by just raising taxes on the rich. The Washington Post did exactly that in an editorial Monday: