Economy

You knew this was coming. Nobel laureate Paul Krugman - might he finally be realizing that our budget deficits can't possibly be solved by just eliminating the Bush tax cuts? - is now calling for marginal rates even higher than when Bill Clinton was in office:

60 Minutes on Sunday did an absolutely touching segment about homeless people living in cars and trucks in Florida. One such unfortunate soul was Arielle Metzger, a 15-year-old girl with more self-confidence and pride than those carping and whining about what they're supposedly entitled to in Occupy encampments around the country (video follows with transcript and commentary):

There was a rather telling moment on ABC's This Week Sunday. When during the Roundtable segment the Washington Post's Michael Gerson criticized Barack Obama for his lack of leadership involving the now failed Super Committee, Sam Donaldson and Cokie Roberts quickly came to the President's defense (video follows with transcript and commentary):

It seems that everyone in Washington believes that there is zero chance of any kind of economic calamity befalling this nation until January 2013, even though the government is on track to stay on self-destructive autopilot until then. I do not understand how or why anyone can be that confident. Jim Kuhnhenn at the Associated Press, aka the Administration's Press, almost gleefully…

If you had the misfortune of watching Weekends with Alex Witt on MSNBC Saturday morning, you sadly were treated to four minutes of propaganda about how we Americans just don’t pay enough taxes – period! CQ Roll Call’s David Hawkings was invited on to misinform the gullible about Americans’ tax rates being too low, corporations shirking their tax responsibilities, the poor paying more than…

Bored with the Penn State scandal because it didn't implicate any prominent Republicans, the mainstream media have suddenly become obsessed with Grover Norquist's "Taxpayer Protection Pledge." They are monomaniacally fixated on luring Republicans into raising taxes. If Democrats could balance the budget tomorrow and quadruple government spending, they'd refuse the deal unless they could also…

CBS's Early Show on Wednesday boosted a claim by Democrats that a recent Mitt Romney ad takes a line from a 2008 speech by then-candidate Barack Obama out of context. However, CBS noted at that time that Obama was using that line to counter a McCain campaign ad which played up the Democrat's association with left-wing terrorist Bill Ayers. Anchor Erica Hill raised the controversy over the…

At the Associated Press this afternoon, reporter Ben Nuckols opened his report on the completion of Occupy Wall Street's "Occupy the HIghway" march thusly: "Drenched, blistered and weary, a few dozen Occupy Wall Street protesters arrived Tuesday in the nation's capital after a two-week, 240-mile march from Zuccotti Park in lower Manhattan." Anyone reading Nuckols's opening statement would…

When it comes to the MSM, it's hard to get more mainstream than Jon Meacham.  Former Newsweek editor. Current Random House editor.  Picked for a Pulitzer Prize. So when someone of Meacham's genteelly liberal ilk unloads on Barack Obama in such stark terms, it's newsworthy.  On today's Morning Joe, Meacham flatly stated his belief that President Obama "doesn't particularly like people and…

On his MSNBC show this evening, Al Sharpton played the audio of his radio-show interview of President Obama in which the president, commenting on the failure of the Super Committee, said "my religious faith" makes him believe at some point Republicans will agree to raise taxes. Even the Reverend Al couldn't take PBO's reference to his religious faith seriously, as he can be heard chuckling…

Give John Nolte a gold star. In a Friday post at BigJournalism.com entitled "Panicked AP Attempts to Memory-Hole Democrats’ #Occupy Endorsements," Nolte latched onto the beginnings of the establishment press's desperate attempt to distance President Obama and the Democratic Party from the rapidly devolving Occupy movement. The disingenously headlined item Nolte caught, apparently from an…

Was Alina Cho flirting with Senator John Kerry (D-Massachusetts) on CNN Monday? While discussing the Super Committee's failure on American Morning, Cho oddly said to her guest, "Just yesterday on Meet the Press you said there were things you agreed to that you didn't want to talk about public, which sounded very sexy I might add" (video follows with transcript and commentary):

CBS's Erica Hill urged "conservative activist" Grover Norquist to influence the members of Congress who have signed his no tax hikes pledge to consider raising taxes during an interview on Monday's Early Show: "There's still not a lot getting done in Washington, even with some of the compromise. So why not push those people to maybe do a little bit more?" Hill pressed the idea of compromise…

When CNN's Carol Costello admitted to Sen. Jon Kyl (R-Ariz.) her inability to convince him that Republicans on the super committee didn't raise enough tax revenue, he simply responded that "your job is not to convince me." In an interview during the bottom of the 8 a.m. hour, the senator had finished explaining how Republicans had proposed to get rid of tax loopholes.  The proposal had come…