Economy

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:

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…