Economy

For conservatives, one of the bright spots of the Occupy Wall Street protests was when millionaire investor Peter Schiff went down to Zuccotti Park with video camera and a sign reading "I Am The 1% - Let's Talk." On Tuesday, I had the pleasure of speaking with Schiff by telephone in a sweeping interview about his experience at OWS, how the financial media are doing, and ending with his rather…

While protesters only began shouting "We are the 99 Percent," a few months ago, the class warfare sentiment that the top 1 percent and the 99 percent are at odds is not a recent phenomenon. It was a claim made in media appearances before the first protests began in Zuccotti Park. In a Democracy Now! video of Occupy protests in October 2011, a doctor, nurse and others complained about income…

Updated : More analysis and full transcript added. Introducing an interview with CEO Richard Branson about his new book, "Screw Business As Usual," on Thursday's NBC Today, co-host Matt Lauer proclaimed: "...Sir Richard Branson argues the driving force behind capitalism should not be about making a profit, it's about caring for people, communities, and the planet." [Audio available here]…

While the Occupy Wall Street protesters may not have accomplished much in the way political change, they are taking credit for bringing the topic of income inequality to the national stage. They are not completely wrong about incomes, either. American incomes have grown more unequal, but as AEI's Nick Schulz explained at the Los Angeles Times, there are also three inconvenient truths about…

UPDATE: Scarborough Responds--Don't Twist My Criticism of Newt Into Support For Obama In response to an inquiry from this NewsBuster, Joe Scarborough has made clear that he strongly opposes President Obama's "disastrous" record, urging people not to twist his criticism of Gingrich into support for Obama.  Full Scarborough statement after the jump…

On Monday's NBC Rock Center, host Brian Williams took time to update viewers on the latest political news, "And if you want to guess how dirty this campaign will be, listen to this Romney ad....Romney's spokesperson said they're not going to take their foot off the gas." Williams played a clip of President Obama from the ad: "If we keep talking about the economy, we're going to lose." He…

Liberal theologian Susan Brooks Thistlethwaite has often used her perch on Washington Post's "On Faith" section to pound the pulpit for liberal economic ideas twisting Christian Scripture to support her views and, by extension, implicitly condemn as heresy dissenting ones. Monday's blog post "Forgive us our student loan debt" was no exception as the Center for American Progress senior fellow…

On Wednesday's NBC Today, co-host Matt Lauer interviewed Obama advisor David Plouffe and promoted liberal concerns that the administration had not pushed enough government economic programs: "Even the Democratic Mayor of Scranton, Christopher Dougherty, says that he'd hoped for more federal help under this Democratic administration, and it hasn't come." Lauer further detailed Dougherty's…

Bill Keller, former executive editor of the New York Times, devoted his oversized every-other-Monday column to a snobby and elitist assault on an old foe – the dangers of internet commentary, mostly of the right-wing variety, on the state of economic debate: “The Politics of Economics in the Age of Shouting.” Keller recently took a crash course in economics via airplane and bedside reading…

MSNBC's faux conservative Joe Scarborough dismissed the conservative credentials of Republican front-runners Newt Gingrich and Mitt Romney while promoting Jon Huntsman – the GOP darling of liberals like Jimmy Carter. Scarborough's Politico op-ed ripped Gingrich and Romney for flip-flopping on issues like abortion and global warming. He strangely ignored the time where Huntsman, MSNBC's…

Anyone who made the easy prediction that the Associated Press would fail to bring up Fannie Mae or Freddie Mac in its fawning tribute to Barney Frank after his retirement announcement yesterday was correct. Anyone making the easy prediction that the AP would lionize him as a "gay pioneer" was also spot-on. Also predictably, the wire service's Bob Salsberg and David Espo failed to mention that…

With penetrating political analysis like this, no wonder Ed Schultz has been named one of the least influential people alive . . . On his MSNBC show this evening, discussing the recall effort in Wisconsin, Schultz said that Republican Governor Scott Walker "sucks." Video after the jump.

This morning, the Census Bureau told us that 25,000 new homes were sold in October, which, after seasonal adjustment, works out to an annual rate of 307,000. This was up from a seasonally adjusted and downwardly revised (from 313,000) 303,000 in September. According to the first sentence of Derek Kravitz's related report at the Associated Press, this constitutes a "hopeful sign," even though…

MSNBC's Chris Matthews on Monday perfectly demonstrated that he is willing to contentiously debate issues with conservative guests without regard for the truth. In the middle of a Hardball segment about the Democrat proposal to extend the payroll tax holiday, Matthews ignorantly accused the far more knowledgeable Ron Christie of "complicating" the discussion leading his guest to marvelously…