Economy

If the idea of tax increases is so darned popular, why do journalists "creatively" avoid using the term? Here's an example from a lengthy Saturday report on Democrat Bob Kerrey's U.S. Senate comeback effort in Nebraska by Karen Tumulty at the Washington Post, wherein she describes the 1993 Clinton tax hikes as a "deficit-reduction plan" (bolds are mine):

In September 2010, the Associated Press prepared an advance report on the expected surge in the Census Bureau's official poverty rate, which rose from 13.2% to a 15-year high of 14.3%. Their stated preoccupation was not with the associated pain, but with "the unfortunate timing for Obama and his party just seven weeks before important elections when Congress is at stake." Well, this year's…

President Obama's “you didn't build that” remark about business entrepreneurs touched a nerve on the Right, and sent liberal journalists and bloggers scrambling to explain away his gaffe by asserting that, “in context,” his statements weren't bad at all. While it is true that Obama's remarks are frequently referred to in a short-hand manner, in their full form, his comments are just as…

On Friday's Inside Washington on PBS, regular panel member Nina Totenberg - a correspondent for NPR - generalized that "bankers and business" are not only the "super-rich" but also the "super-crooked" as the panel discussed the issue of Mitt Romney's taxes and President Barack Obama's "you didn't build that" gaffe in which he dismissed the importance of individual effort in entrepreneurship…

The Boston Herald has reported that Mayor Tom Menino is threatening to make obtaining the necessary licenses for a family business to operate "very difficult" -- not because the business's products are controversial or hazardous, but because the privately-held company believes that marriage should be between a man and a woman. The middle three paragraphs of an unbylined Associated Press…

Mr. Obama, You recently made a statement to the effect that, ”If you have a business you didn't build it, you had help" inferring that the federal government helped build our businesses by virtue of paving roads and building bridges and keeping the nation safe from foreign invasion. First of all, Mr. Obama, if I'm going to take advice about business it will not be from somebody who has had…

Norah O'Donnell adopted the left's spin on extending the current tax rates on Friday's CBS This Morning, challenging Rep. Paul Ryan when he asserted that "they're really not tax cuts. We're just talking about keeping taxes where they are." She asked, "You're calling them tax policies and tax code. You're afraid to call them tax cuts now?" O'Donnell laughed when Ryan affirmed that "they're not…

Four days after President Obama insulted job creators by asserting "If you've got a business, you didn't build that; somebody else made that happen," CNN finally reported the controversial remarks, and only once the Romney campaign featured them in a campaign attack. In contrast, when Romney surrogate John Sununu said on Tuesday morning that he wished "this President would learn how to be an…

In case you missed it (which wouldn't be surprising given how quiet the press has been since the related report's release, the Department of Labor reported that initial claims for unemployment rose to a seasonally adjusted 386,000 from a review (up, or course) 352,000 the previous week. An unbylined Reuters report carried at CNBC (HT to an NB tipster) bizarrely described this result as a "…

On Wednesday's CBS Evening News, Scott Pelley cherry-picked the most favorable result for President Obama in the most recent CBS News/New York Times poll. Pelley stated how "this campaign, of course, is, in large part, a battle for the middle class," and touted that "when we asked voters in our poll which candidate would do more to help the middle class, 52 percent said President Obama, 38…

Todays unemployment claims release from the Department of Labor reported that initial jobless aid applications for the week ended July 14 were 386,000 after seasonal adjustment. Business Insider's email this morning carried a prediction of 364,000. Bloomberg's consensus prediction was 365,000. At the Associated Press, in his 8:45 a.m. dispatch (saved here for future reference, fair use and…

New York Times reporter Jonathan Weisman helped the Democrats's tax-hike agenda in his front-page story Wednesday, "At Fiscal Cliff, Anti-Tax Vow Gets New Look," suggesting Obama's proposed tax hikes were slight and "considerably smaller" by percentage of the U.S. economy than those installed by President Clinton in 1993, as if such an arcane statistic was the only worthwhile one for judging…

On July 13, President Barack Obama told a campaign audience in Roanoke that "If you’ve got a business -- you didn’t build that. Somebody else made that happen." As Geoffrey Dickens at NewsBusters pointed out on Wednesday, it wasn't until July 17 that any of the Big Three broadcast TV news networks recognized the existence of the remark -- and two of them failed to run the actual quote. Part…

Obama campaign adviser David Axelrod and his hatchet people are still yammering about GOP presidential rival Mitt Romney's overseas investments. It's time for the Romney campaign to educate voters about all the shady financial institutions embraced by Democrats right here on American soil. The fat-cat narrative attacks on Republicans won't go away by making nice with the White House — or by…