Economy

New York Times correspondent Alan Cowell issued a moralistic “Memo from London” on Monday on the humble joys of post-World War II austerity compared to today, where the "have-nots" are tempted by things they cannot have: “As the riots in London and elsewhere in August seemed to show, the profound gulf between haves and have-nots has been magnified by the inequalities and envies of a society…

On Saturday, at a Q&A session at the APEC CEO Business Summit in Hawaii, President Barack Obama, when asked about impediments to foreign investment in the United States, responded in part: "... we’ve been a little bit lazy, I think, over the last couple of decades. We’ve kind of taken for granted -- well, people will want to come here and we aren’t out there hungry, selling America and…

In Hawaii today, according to an Associated Press dispatch filed by Ben Feller, President Barack Obama is reported to have told supporters that, in Feller's words, "everything they worked for and that the country stands for is on the line in his 2012 re-election bid." Well, if what those donors have "worked" for is an inside track to government money, and if what the country stands for is…

To give you an idea of the lengths the Huffington Post will go to defend liberal politicians those involved in the website revere, a front page piece on Monday took the side of House Speaker John Boehner (R-Oh.) in order to give cover to House Minority Leader Nancy Pelosi (D-Calif.). Inside the front page headline story "60 Misses: CBS Gets It Wrong On Boehner, Pelosi Stock Trading," HuffPo…

Appearing on the Sunday, November, 13, Today show on NBC to discuss Saturday night's GOP presidential debate that focused on foreign policy, Meet the Press host David Gregory suggested that, because President Obama's foreign policy, "by a lot of accounts," has been "very successful," the Republican candidates may not be so eager to go after Obama in that realm. Gregory, speaking of the…

MSNBC daytime host Tamron Hall failed to use the J-word -- jobs -- in alerting MSNBC viewers today of President Obama's decision to delay his decision on authorizing the proposed Keystone oil pipeline. Noting the story on the 2 p.m. Eastern NewsNation program, Hall described the "massive oil pipeline" project as "controversial" because it would run through "an environmentally-sensitive area…

Kerem Ozkan at Advertising Age is not happy with Matt Drudge for having the nerve to call a USDA-administered fee imposed on growers of Christmas trees a "Christmas Tree Tax" (link is Drudge Archive item containing the referenced headline). Actually (Ozkan recognizes this), Drudge didn't start it. David Addington at Heritage did. Here are excerpts from Ozkan's not-so-fine whine, during which…

ABC and NBC completely ignored a decision by the Obama administration that could kill up to 20,000 jobs. Only CBS's Evening News reported that a proposed oil pipeline from Canada to Texas has been delayed until after the presidential election due to environmental concerns. Evening News reporter Mark Strassmann explained, "Supporters said the pipeline from Canada's tar sand fields would create…

In a recent interview, Time magazine's Richard Stengel asked former President Bill Clinton why he was not a Tea Party "hero." Stengel's "criteria" were that Clinton oversaw a balanced budget and cuts to the rate of growth of the federal government. However, as CNN's Wolf Blitzer pointed out to Stengel on Thursday, Clinton did so at the behest of a Republican Congress. [Video below the break…

Former President Bill Clinton is making headlines again, this time touting his liberal prescriptions to fix the economy. Those remedies are laid out his new book Back to Work: Why We Need Smart Government for a Strong Economy. The news media is doing their part to promote Clinton's work and his economic legacy, portraying him as the economic savior of America. This should come as no surprise…

Flashbacks of 2008 were on the minds of many when MF Global, a Wall Street firm led the Democratic former N.J. Gov. Jon Corzine, filed for bankruptcy amid a huge scandal. Forbes said the firm owes $2.2 billion to JP Morgan and Deutsche Banks. But the broadcast networks had amnesia when it came to their previous coverage of Corzine, his role as adviser and fundraiser for Obama and their previous…

Elaine Quijano continued CBS's consistently glowing coverage of the Occupy Wall Street movement on Wednesday's Early Show by spotlighting how two-thirds of Crosby, Stills, and Nash gave a concert for the protesters in New York City. Quijano played 12 clips from the concert and from the demonstrators, without once mentioning the growing examples of violence involving the left-leaning movement […

Many Wall Street occupiers are echoing the Communist Party USA's call to "Save the nation! Tax corporations! Tax the rich!" There are other Americans, on both the left and the right — for example, President Barack Obama and House Speaker John Boehner — who call for reductions in corporate taxes. But the University of California, Berkeley's pretend economist Robert Reich disagrees, saying, "The…

Perhaps partially explaining the treatment of Ohio's ballot issues on shows like MSNBC's "Morning Joe" as noted by Noel Sheppard at NewsBusters earlier today, I have found that the Associated Press predictably trumpeted the 61%-39% rejection of Issue 2, which would have required cost-sharing for public-sector employee health and pension benefits while curbing the scope of collective bargaining…