Economy

At the Washington Post's "with Bloomberg" Business section, the self-described locale "Where Washington and Business Intersect," a Wednesday item by Neil Irwin ("Fed downgrades growth forecasts, sees high unemployment for years ahead") told us that "The Federal Reserve sharply downgraded its projections for the U.S. economy," but never cited any projected growth numbers. Seriously. Having…

NPR's Philip Reeves slanted towards the Occupy Wall Street on Wednesday's All Things Considered as he played up the "huge outcry" over St. Paul Cathedral in London's dispute with the left-leaning movement, which has an encampment outside its doors. Reeves spotlighted a local official who "called St. Paul's a 'national laughing stock,'" and omitted sound bites from the opponents of the movement…

Energy Department Inspector General Gregory Friedman testified before a congressional committee yesterday that the department was "ill-equipped to quickly distribute billions of dollars in economic stimulus funding," reported the Washington Post's Ed O'Keefe in the November 3 paper. "Friedman's testimony was meant to summarize more than 100 investigations conducted by his office into Energy's…

Question:  What does an MSMer call congressional support for tax increases? Answer: A "bright spot." Earlier today in another item this NewsBuster wrote: "In the liberal media mindset, mature, sensible citizens will vote for higher taxes, and by extension, for Democrats.  If they don't, they must have taken temporary leave of their senses.  The notion that people, in full control of their…

"Some thoughts on those angry voters. Ask parents of any two-year-old and they can tell you about those temper tantrums: the stomping feet, the rolling eyes, the screaming . . . The voters had a temper tantrum last week."-- ABCs' Peter Jennings, November 14, 1994, explaining the Republican congressional victory. Looks like the Associated Press has had its Peter Jennings temper-tantrum moment…

Consider this post the print and online follow-up to the report early Tuesday evening by Matthew Balan at NewsBusters on the failure of the Big Three TV networks to note the Democratic Party/Obama fundraising affiliation of former New Jersey Governor Jon Corzine, whose now-bankrupt MF Global financial firm has apparently admitted to diverting client money in a futile attempt to battle its…

On Tuesday, the morning shows of the Big Three networks omitted the party affiliation of Jon Corzine as they reported on the federal investigation into his brokerage firm, something that even the liberal New York Times gave in their coverage of the story. ABC's Good Morning America also failed to include Corzine's name during their news brief on the investigation. News anchor Josh Elliott…

There he goes again. President Obama, on the campaign stump, rails against the "rich," saying our "wealth gap" shows a need for a "fairer approach." Does he really believe our economic problems have been caused by insufficient taxes on the rich? Insufficient taxes overall? If not, then what can we conclude about his insistence on hammering this point rather than addressing the real causes and…

"We need to re-evaluate what is required in our lives, so that we have a sense of satisfaction.  What really counts?  One friend of mine has reduced it to this: you should get up in the morning and ask 'what do I need,' not just 'what do I want?'" -- Tom Brokaw, Morning Joe 11-1-11. "Of course, one of the reasons I bought it was to be able to get away from the frantic life I lead and to have…

Former New York Times economics reporter turned editorial board member Eduardo Porter is the latest Times staffer to declare that the leftists of Occupy Wall Street have it figured out: “Wall Street Protesters Hit the Bull’s-Eye.” Porter wrote: "Their complaint that the privileged few in the top 1 percent are getting a disproportionate share of the nation's prosperity, however, is spot on."

Someone please tell Joe Klein that it's Halloween, not April Fools' Day. The Time columnist held forth on the magazine's Swampland blog on Friday that it's "hilarious" of Republican critics to slam President Obama for deploying class warfare. After all, on economic policy, the president is "as centrist if you can get." In fact, Klein huffed, President Obama may be as conservative as Ronald…

The liberal media have spent the month of October enthusing over the left-wing “Occupy” protests, richly rewarding the anti-capitalist movement with the oxygen of national publicity. The broadcast networks, in particular, have boosted the protests as “growing” and “resonating,” and cast the participants as more than just a radical fringe group, but drawn “from all walks of life, young and old,…

In the grand scheme of things, student loans from the government are at least well intentioned. Perhaps they even encourage students who would not otherwise attend college to do so. However, with President Obama's latest expansion of the student loan program, we are again reminded whether he is unable to learn from history or is completely indifferent to the government waste incurred by student…

While the media champion the Occupy Wall Street movement as if it's the American version of the Arab Spring, they're predictably missing a crucial distinction. As the Motley Fool reported Friday, those sleeping in tents and skipping showers in cities around the country are actually part of the world's richest one percent: