Gasparino at NY Post on 'Lie-bor' Scandal: 'Geithner Yawned at Epic Fr
Here's how a "Business Highlights" item at the Associated Press summarized the situation between Timothy Geithner and London banks whose officials had admitted to rigging the London Interbank Offered Rate ("Libor") on Friday evening: "The Federal Reserve Bank of New York released documents Friday that show it learned five years ago of big banks understating their borrowing costs to manipulate a…
Open Thread: Obama Says 'If You've Got a Business -- You Didn't Build
Over the weekend President Obama once again demonized wealth creators, downplaying the success of entrepreneurs as something that "[s]omebody else made... happen":
There are a lot of wealthy, successful Americans who agree with me — because they want to give something back. They know they didn’t — look, if you’ve been successful, you didn’t get there on your own. You didn’t get there on…
AP Report Claims GOP Governors Have 'Awkward Task' Explaining Their Su
Democrats are at it again, claiming that Republicans, particularly House Republicans, are sabotaging the economy, while ignoring the quite effective job President Barack Obama has done to ruin the economy both on his own (regulatory and anti-fossil fuel hostility, wasteful green "investments," etc.) and with the help of Congressional Democrats when they controlled both Houses of Congress (…
Time's Foroohar: 'I'm Actually Sad' That We're 'Talking About Taxes
Appearing as a panel member on Sunday's Face the Nation on CBS, Time magazine's Rana Foroohar - identified as assistant managing editor in charge of economics and business on Time's Web site - lamented that she was "sad" at how much taxes are being discussed as she asserted that "one thing that's not going to get us some kind of a growth boom is a tax cut," and then called for more government…
Lawrence Kudlow Schools Fareed Zakaria on Obama Ignoring 'Shale Revolu
CNBC's Lawrence Kudlow on Sunday gave Fareed Zakaria a much-needed education on Barack Obama's energy policies.
When the host of CNN's Fareed Zakaria GPS claimed the president deserved credit for the coming "shale revolution," Kudlow smartly replied, "He's giving none of the permits...He's a green energy guy. He's a Solyndra guy and he completely missed the boat on all of that stuff" (video…
Time Mag Editor: 'Only Thing Weaker Than the Economy Is Romney's Elect
"The only thing weaker than the economy is Mitt Romney's electoral skills."
Such was actually said on CBS's Face the Nation Sunday by Rana Foroohar, Time magazine's assistant managing editor in charge of economics and business (video follows with transcript and commentary):
Jobless Claims Report Affected by Year-Over-Year Change in Seasonal Ad
One might think that yours truly, who has been nagging the establishment press for years over its blind acceptance of seasonally adjusted data in government economic and employment reports, would be pleased to see that the Associated Press's Christopher Rugaber finally got around to making such adjustments the primary focus of his final report on the most recently released unemployment claims…
Chelsea Handler Lauds Meghan McCain's Pot Smoking, Defends Obama
As Meghan McCain appeared as a guest on Tuesday's Chelsea Lately show on E!, host Chelsea Handler defended President Obama's economic record and ended up praising McCain for admitting that she sometimes smokes marijuana.
Early on in the interview, Handler declared, "I like you, too. I mean, I like, I don't hate all Republicans, I just, most of them. But I like you because you're, like, you'…
AP's Protection of Geithner in 'Lie-bor' Scandal Continues
My, it was awfully nice of Marcy Gordon at the Associated Press, aka the Administration's Press, to give Treasury Secretary Tim Geithner such excellent protection in her report on the New York Federal Reserve Bank's release of documents relating to its knowledge of the manipulation of the "Libor" (London interbank offered rate) used as the basis for the pricing of trillions of dollars of loans…
Cal Thomas Column: The Stossel Solution
In order to get the correct answer to anything, one must ask the right question. That is what former ABC News and current Fox News TV host John Stossel does on his weekly program. If ever there was "must see-TV," this is it.
Stossel's show on Saturday, June 30 was a classic. It was called "Government, Incorporated" and focused on what private industry can do less expensively and more…
Parade Mag Spurs Bush 41 to Ask: 'Who The Hell Is Grover Norquist
The Sunday newspaper supplement Parade magazine is showing its liberal bias again...but this time, it's helping the Bush family whacks anti-tax conservatives again. Just as Jeb Bush slammed the Grover Norquist tax pledge last month, George H.W. Bush and Barbara Bush unload for this Sunday's papers. George asks: "Who the hell is Grover Norquist, anyway?" Barbara thinks he should "go back to…
NBC's Guthrie Invites Clinton to Slam GOP 'Rooting for the Economy to
In an interview aired on Friday's NBC Today, former President Bill Clinton began by attacking Republicans: "I'm not sure both sides want the economy to get better....I know what Senator McConnell said, that his number one priority was winning the election." Co-host Savannah Guthrie helpfully added: "It sounds like you're saying the Republicans are basically rooting for the economy to fail." […
AP's Crutsinger With Understatement of the Month: FY2012 Deficit 'Almo
Uncle Sam's June Treasury Statement released today told us that with three months remaining in the 2012 fiscal year the government has already run up a deficit of over $900 billion. According to the Associated Press's Martin Crutsinger, Americans should see that as a "positive sign," because "deficit is growing more slowly than last year."
During the final three months of fiscal 2011, the…
Businessweek Cover Mocks Mormons
The title of a post at Business Insider crows, “Here's The Ballsy Businessweek Cover That's Going To Piss Off The Mormon Church.” In truth, it should anger anyone who finds it low and, frankly, un-American, to attack a candidate – directly or indirectly – through his religion.
But with Mitt Romney running neck and neck with Barack Obama, Bloomberg Businessweek saw the opportunity to further…
