Economy

NPR  harped on Mitt Romney's "provocative tax detail" on Wednesday's Morning Edition, highlighting that the GOP presidential candidate "disclosed he's in the same low tax bracket as the billionaire [Warren] Buffett." Correspondent Scott Horsley later used clips from President Obama to accent liberals' class warfare spin about the rich paying a lower tax rate than "millionaires and billionaires…

We'll leave it to others to assess the political fallout from Mitt Romney's statement yesterday that he paid about 15% in federal income taxes.  But let's at least get some facts straight. On Morning Joe today, Joe Scarborough claimed that the revelations about Mitt Romney's taxes might be his Dukakis-in-the-tank moment.  Scarborough repeated the shibboleth Warren Buffett put into…

The Occupy movement's unmasking as the radicals they really are and always have been continues, conveniently almost completely outside the notice of the establishment press. As far as I can tell, only one press report by Erik Olson at the Daily News based in Longview, Washington is reporting, and even then with the use of a very inadequate headline, that Occupy Longview intends to "thwart"…

As NewsBusters previously reported, MSNBC's Chris Matthews has been making the rounds accusing everyone associated with Monday's Republican presidential debate of racism. On Tuesday's Hardball, the host finished the program by claiming former Speaker of the House Newt Gingrich was race-baiting by calling Barack Obama The Food Stamp President (video follows with transcript and commentary):

On Tuesday's CBS This Morning, Charlie Rose hinted Newt Gingrich should apologize for a supposedly racially-tinged comment he recently made: "I want to give you an opportunity, because the point was made...about it's better for black Americans to seek a job than it is to seek food stamps, and many people stepped forward to say, isn't that simply true for all Americans who are desperately…

On Friday, the White House engaged in its customary document dump, mostly secure in the knowledge that a lazy establishment press would, as usual, pay it little heed and then declare it to be old news by Monday morning. Ed Morrissey at Hot Air identified the significance of documents relating to now-bankupt Solyndra, the California-based solar panel manufacturer which borrowed $535 million…

As NewsBusters reported Sunday, Newsweek's most recent cover astonishingly asked, "Why Are Obama's Critics So Dumb?" This critic of the President analyzed the contents of so-called conservative Andrew Sullivan's piece and has come to the conclusion that it is he and the unashamedly liberal magazine he writes for that are lacking in intellectual capacity and/or integrity. All one needs is…

On the Monday, January 9, Imus in the Morning, as he was interviewed by phone, New York magazine's Frank Rich - formerly of the New York Times - argued that he believes President Obama should be reelected, and seemed befuddled when host Don Imus, who plans to vote for Mitt Romney, asserted that Obama's foreign policy has been "disastrous." The liberal columnist then tried to give President…

On Friday, two Deputy Secretaries, one at the Department of Transportation and the other at Defense, in their capacities as co-chairs of the National Space-Based Positioning, Navigation and Timing (PNT) Executive Committee, released a one page letter concluding that the modified broadband deployment plan of LightSquared could not coexist with current GPS devices and their spectrum. That's…

The lack of current events knowledge demonstrated by today's anchors and political commentators is often breathtaking. On Sunday's Meet the Press, host David Gregory actually told Senate Majority Leader Harry Reid (D-Nev.), "Democrats haven't put together a budget in a year." Actually, it's been almost three years (video follows with transcript and commentary):

I see that the Associated Press's Derek Kravitz is picking up where his colleague Martin Crutsinger left off in offering up incomplete information and inconvenient truth-avoiding coverage of Uncle Sam's financial results as described in the Monthly Treasury Statement. December's statement, which was released yesterday, showed a deficit of $86 billion and a year-to-date shortfall of $322 billion…

UPDATE: James Pethokoukis at the American Enterprise Institute's blog has more, including the possibility that the original story misidentified "Bain Consulting," as well as a theory as to the story's original source. It looks like someone ran with something they thought was too good to check. A retraction described as a "Correction" currently on CNBC's web site tells readers: "A previous…

Joe Scarborough said it about Rick Perry, but it could perhaps have applied to other Republican presidential contenders who are going after Mitt Romney's record at Bain Capital. On Morning Joe today, discussing Perry's depiction of venture capitalists like Romney as "vultures," Scarborough said that the Texas governor: "sounds like a stoned NYU grad student in Zuccotti Park."  Video after…

Last week's column started off asking: "What human motivation gets the most wonderful things done?" The answer is that human greed is what gets wonderful things done. I wasn't talking about fraud, theft, dishonesty, special privileges from government or other forms of despicable behavior. I was talking about people trying to get as much as they can for themselves. Think about greed and racial…