Consumer Confidence Contrast: Higher Under Reagan Than Obama, Despite
After the jump is a graphic from Investor's Business Daily comparing post-recession consumer confidence readings from the Conference Board during the Reagan and Obama administrations. See it there or see it below, because you probably won't see it at any establishment press web site or in any of their publications.
What's remarkable about the graphic is how confidence was able to stay at or…
Generally Fair AP Report on Consumer Confidence Drop Tries to Make Exc
In a generally even-handed report on yesterday's drop in consumer confidence as reported by the Conference Board (from a revised 68.7 to 64.9, vs. expectations of a rise to 69.6, according to Bloomberg), the Associated Press's Mae Anderson, with assistance from Christopher Rugaber, engaged in a bit of excuse-making in and downplaying in their later paragraphs.
The AP pegged its water-down to…
Walter E. Williams Column: We're Destroying Our Republic with Reckless
Our nation is rapidly approaching a point from which there's little chance to avoid a financial collapse. The heart of our problem can be seen as a tragedy of the commons. That's a set of circumstances when something is commonly owned and individuals acting rationally in their own self-interest produce a set of results that's inimical to everyone's long-term interest. Let's look at an example…
Soledad O'Brien Spins Statement, Botches Facts About Romney's Jobs Rec
CNN's Soledad O'Brien took Rudy Giuliani's words about Mitt Romney and spun them into a criticism of his jobs record, when in fact Giuliani had praised the candidate's resume on Sunday's State of the Union. On Tuesday's Starting Point, O'Brien said that Giuliani had "not so great" words for Romney's record, when in fact Giuliani said his jobs record as governor of Massachusetts was "decent…
WaPo's Robinson Hypes Bogus Report on Obama's Spending His Own Paper D
NewsBusters reported Friday that the Washington Post fact-checker Glenn Kessler gave a MarketWatch piece claiming President Obama's "spending binge never happened" three pinocchios for its utter falsehoods.
On Monday, the Post's Pulitzer Prize-winning columnist and former assistant managing editor Eugene Robinson actually misrepresented his own paper's findings to hype the thoroughly debunked…
The Press Should Not Assume That the Debt Ceiling Won't Be Hit Until
A Los Angeles Times editorial on May 23, naturally accompanied by a dour photo of House Speaker John Boehner, stated as if it's an indisputable fact that the August 2011 debt deal raised the ceiling by "enough to last until the end of 2012 or early 2013." A Saturday AP report by Ken Thomas and Jim Kuhnhenn so filled with distortions that it's virtually unreadable asserted, again as if it's a no…
George Will Schools Jennifer Granholm on Bain Capital and Solyndra
Former Democratic Michigan governor turned Current TV commentator Jennifer Granholm got a much-needed education Sunday about the difference between Mitt Romney's involvement with Bain Capital and President Obama's forays into green energy investment.
"When Bain invested," said George Will on ABC's This Week, "it invests money that it gets voluntarily to be invested. When the president throws…
AP 'Fact Check' Ignores Obama Stump Speech Claim of 'Slowest' Spending
At the Associated Press aka the Administration's Press on Saturday, Andrew Taylor's "Fact Check" item on President Obama's stump speech claim in Iowa on Thursday dove into the trees without first looking at the forest.
Distracted by ridiculousaurus Rex Nutting's write-up earlier in the week at MarketWatch ("Obama spending binge never happened"), which absurdly claimed that "government outlays…
Krugman: Scientists Should Falsely Predict Alien Invasion So Governmen
Last year New York Times columnist and Nobel laureate Paul Krugman called for space aliens to invade earth so that the government would spend money to mount a defense thereby stimulating the economy.
As aliens have yet to comply with Krugman's wishes, he advocated on HBO's Real Time Friday that scientists should get together and lie about an imminent attack to boost federal spending (video…
Bill Maher: Obama Didn't Support Simpson-Bowles Because Republicans Di
Bill Maher is either a blithering idiot, a pathological liar, or both.
On HBO's Real Time Friday, the factually-challenged financier of Barack Obama actually had the gall to say the President didn't support the recommendations of his National Commission on Fiscal Responsibility and Reform (aka Simpson-Bowles) because - wait for it! - Republicans didn't support it (video follows with…
Colin Powell Blames Media and 'Especially' Cable TV for Nasty Tone in
Former Secretary of State Colin Powell on Friday blamed the media and "especially" cable television for the nasty tone in politics today.
Such occurred during a discussion with Jay Leno on NBC's Tonight Show (video follows with transcript and commentary):
CNN Examines Obama's Donations From Bain Employees – But How Much Ha
CNN's Dana Bash reported Friday on the irony of President Obama hitting Mitt Romney's connections to Bain Capital when he himself has received donations from Bain employees. CNN has highlighted Obama's hypocrisy on this matter before, but this specific story has certainly not received much air-time – if any at all – in the last two weeks.
"But isn't it hypocritical for the Obama campaign to…
Rasmussen Column: 'Austerity' Talk Is Just Political Cover for More Go
President Obama, new French President Francois Hollande and other political leaders have called for less "austerity" as a way to help the troubled economies on both sides of the Atlantic. That's the polite way of saying they want more government spending and larger deficits.
But U.S. voters have a fundamentally different view. Sixty-one percent believe that cutting government spending is what…
CBS: 'Troubling Signs' For Obama, Like Bush in '92, But President 'Can
On Friday's CBS This Morning, Jan Crawford spotlighted that "the economic and political climate today is more similar to years when incumbent presidents lost than when they won." The correspondent pointed out the similarity between polling numbers today and in 1992, when George H.W. Bush was running for reelection: "Gallup has asked voters whether they're satisfied with the way things in the…
